October 2015 Real Estate Newsletter

September 30, 2015

San Diego nation’s highest monthly gain

The San Diego Union-Tribune reports that San Diego County had the highest monthly home appreciation in July according to the S&P/Case-Shiller Home Price Indices. “The data, which are adjusted for seasonal swings, show the market was still delivering the kind of single-digit price appreciation considered sustainable by housing economists.”

September 29, 2015

Home prices up 5% across U.S.

“The Standard & Poor’s/Case-Shiller 20-city home price index climbed 5% in July from a year earlier. That’s up from a 4.9% annual pace in June,” reports USA TODAY.

September 28, 2015

U.S. pending home sales slip 1.4%

The Wall Street Journal reports on National Association of REALTORS statistics showing that pending home sales were down 1.4% in August across the country. However, “Sales are still well above where they were a year ago. The index rose 6.1% in August from a year earlier, the 12th consecutive annual increase.”

 

September 24, 2015

New Listing – Rancho Bernardo

Upgraded and maintained Seven Oaks two bedroom, two bath with drought resistant yard. Offered for $499,000. More Information

Home For Sale - Rancho Bernardo
Home For Sale – Rancho Bernardo

New home sales up 5.7%

The Wall Street Journal reports that the Commerce Department released data showing that new home sales were up 5.7% across the U.S. in August which is the highest level since the end of the recession.

September 23, 2015

New Listing – Escondido

Nice three bedroom, two bath family home with an easy walk to the elementary school. Offered in a range of $425,000 – $450,000. More Information

Home For Sale - Escondido
Home For Sale – Escondido

September 21, 2015

U.S. existing homes sales slow

The Wall Street Journal reports that existing homes sales across the country slipped 4.8% in August according to the National Association of REALTORS. The largest declines were felt in the West and South.

Interesting statistics about real estate agents

“Statistics show that 70% of all new agents give up after the first two years and 90% of new agents never renew their license,” according to an article by Helena Lopez in San Diego Realtor Magazine. My guess is that of the 70% of those that stay beyond two years, less than half become “top producers.”

September 18, 2015

New Listing – Solana Beach

Two bedroom, two and a half bath Solana Beach in oceanfront condo project. Offered for $875,000.00. More Information

Solana Beach Condo
Solana Beach Condo

 

September 17, 2015

Owners overvalue homes…?

The National Association of REALTORS published a story in their REALTORMag that reports on Quicken Loans Home Price Perception Index. The index purports to prove that home owners overvalue their homes. It is, of course, no surprise that a lender will think your home is overvalued.

California prices, sales cool in August

FoxBusiness story about a drop in sales prices from July to August in California according to CoreLogic. The story did point out that prices were up 4.3% over August of last year which, “was the 42nd straight month of annual price gains.” I don’t know about you but that sounds like good news to me

September 10, 2015

San Diego confidence level ranked 8th.

Roger Showley of the San Diego Union-Tribune reports on a Zillow survey of potential home buyers across the country. San Diego ranked 8th in home buyer confidence, “Rising rents and slowing home appreciation in San Diego County have reduced residents’ confidence in the local housing market.”

September 2015 Real Estate Newsletter

August 27, 2015

Pending home sales up across U.S.

REUTERS story on National Association of REALTORS report, “Contracts to buy previously owned U.S. homes rose less than expected in July, but continued to suggest upward momentum in the housing market recovery.”

August 26, 2015

Closed Sale – Bay Park

Bay Park Home For Sale
Bay Park Home For Sale

Fabulous views from this three bedroom, two bath, 1,775 sq.ft. home overlooking Mission Bay Park. Sold in one day for $969,000.

Local appreciation matches U.S.

San Diego Union-Tribune story reports that home price appreciation in San Diego was the same as the national average for June at 4.6% in the S&P/Case-Shiller survey.

August 25, 2015

U.S. home prices – stable appreciation

The Wall Street Journal reports on the monthly S&P/Case-Shiller Price Index which indicated that home prices rose 4.5% in the 20 cities the survey studies. The 4.5% appreciation rate was 1% higher than last month’s 4.4% increase.

August 20, 2015

Closed Sale – Oceanside

Two bedroom, two bath just blocks from the beach. Sold for $525,000.

Oceanside home for sale
Oceanside home for sale

 

 

First time home buyers drop in July

The share of existing homes sold in July dropped from 30% to 28% in the U.S. according to a story by realtor.com. First time buyers are an important segment of any housing market but low inventory, rising prices and stagnant wages are preventing many of them from entering the real estate market.

August 18, 2015

Single family prices slip

Roger Showley of the San Diego Union-Tribune reports on CoreLogic’s statistics which indicate that San Diego single family home prices slipped $6,000 in June but prices are still 5.6% higher than a year ago. Condo and new home sales both continued to show price increases however.

August 14, 2015

Top 10 hottest search zip codes

realtor.com article about the top ten zip codes for property searches in the U.S. One is in San Diego, the others are quite interesting. Fargo, ND?

New Listing – Escondido

2196 Pamplona Ct
2196 Pamplona Ct

Five bedrooms, three and one half baths with 4,084 sq.ft. Offered in a range of $829,000 – $859,000.

More Info.

 

 

 

 

 

August 8, 2015

San Diego in top 20 at number 8

The San Diego region was the 8th most searched market on REALTOR.com in July according to a National Association of REALTORS news release. “These hottest markets are the best in the country from both a supply and demand perspective,” stated the report.