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san diego homes for sale: First-Time Homebuyer Tax Credit Withdrawl Symptoms - 08/16/10 01:09 AM
We are currently suffering the hang-over from the economy-altering drug of the extended first-time homebuyer tax credit. This simple chart shows average sales activity over the past fifteen years and charts each of the last four years directly.
The navy blue line shows the average rate of sales for single family, detached homes in San Diego. Error bars show a 1-sigma standard deviation (essentially, everything between the high and low of the error bars can be considered normal). The seasonal bias of homebuyers is clearly evident with about a 33% increase from the lull of the winter months to the height of the … (4 comments)
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san diego homes for sale: How long will it take to NOT sell my San Diego home? - 08/09/10 03:49 AM
Admittedly somewhat of an awkward title, How long will it take to NOT sell my San Diego home? but I wanted to address the full lifecycle of failed listings as compared to succesfull sales.
And for the condos / townhomes, we have:
It is somewhat interesting to see that on average, a failed listing for a detached house remains on the market 1.9 times as long as it takes to sell a similar home. And for condos / townhomes it is just a bit less at 1.85 times as long.
The difference in the days on market for active … (0 comments)
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san diego homes for sale: Why Are Dreamy Homes Listed in Magazines Forever? - 08/08/10 05:21 PM
In my last post, How long will it take my San Diego home to sell? a comment was submitted asking why million (plus) dollar homes showed as _typically_ selling within four months and yet we see high-end homes listed in glorious color in monthly magazines for seemingly much longer than that.
The quick answer is that I did not have the chart show above $1m, but simply aggregated everything above that price into a single bucket. Well, it is these high end homes that are the ones shown in the magazines. In the chart below, the price ranges have been extended to show … (0 comments)
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san diego homes for sale: San Diego Real Estate - Homes for Sale - Inventory and Activity July 2010 - 08/02/10 01:36 AM
Despite the adrenaline rush given to our San Diego real estate market, we are still sluggish at the upper end of the market, and still quite hot at the entry level.
Essentially, any home for which you can get a conforming home loan ($417,000) or less, it is technically a seller's market with only 2 to 4 months of inventory - both for single family homes and condos. However, not a lot of sellers or buyers actually know this. And, with today's mortgage rates around 4.5%, I admit I am surprised that more buyers are not diving headlong into the … (0 comments)
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san diego homes for sale: Friends and Tenants - A funny story. - 07/05/10 03:55 AM
When Downsizing? Be Sure to Tell Your Children...A Funny Story was posted, I realized I had a very similar story to tell. A little more dramatic (although I was the one who got to laugh).
We moved about 9 miles from our old house, but kept it as a rental. We held a party at the new place. One friend, went to the old neighborhood and found our gated community all locked up. On the call box outside, he found our number in the neighborhood directory, punched in the code, and had the following conversations.
Tenants: "This is the Morgan residence."
Friend: "I'm … (8 comments)
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san diego homes for sale: San Diego Real Estate - Months of Inventory - Market Report - April 2010 - 05/07/10 03:37 PM
San Diego Real Estate - Months of Inventory - Market Report - April 2010Inventory Levels are Beginning to Creep-Up
San Diego homes for sale inventory is creeping upward just even before the expiration of the homebuyer tax credit. Some of the increase is normal - more people putting their homes on the market during the spring. So, there is no cause for alarm at this point. But let's keep a close eye on the next couple of months post-tax-credit.
… (0 comments)
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san diego homes for sale: San Diego Homes for Sale - Months of Inventory - October 2, 2009 - 10/05/09 08:09 PM
With the end of the summer buying season for San Diego homes for sale, it is prudent to keep a close watch on the inventory level as it directly affects the the San Diego home prices. The following chart breaks down the inventory into price range categorys. The information is current as of October 2, 2009.
In terms of change, single family attached homes have less inventory, across the board, up to $900,000. San Diego single family detached homes for sale had less inventory across most price ranges, with only a slight increase (less than 2/10th of a month) between $350,000 … (2 comments)
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san diego homes for sale: San Diego Home Sales Continue Normal Pace for September 2009 - 10/03/09 11:17 PM
The stats are in for September. It would seem that for detached homes the sales for last month are only slightly below the median. It is reassuring that we have bounced back from the premature August dip. I have to wonder what we might have seen if San Diego foreclosures had not been so stymied by the moratorium.
The story is slightly better for single family atached homes.
As ONE indicator of market health, things would seem to be stable. However, we will have to wait to discover if the first time homebuyer credit is extended and whether or not … (0 comments)
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San Diego Real Estate & Mortgage Loans | Robert T. Boyer, Ph.D. | VA Home Loan
La Jolla,
CA
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The San Diego Real Estate Housing Market tends to lead the nation's real estate activities. This blog looks at current activity and trend data, including sales rates, months of inventory, median home price, unemployment, inflation, etc., with an intent to provide timely predictions for our market. Because such a large part of the current market is make up of San Diego Foreclosures and REOs we will also look deeply at how they affect the current environment. Additionally, specific market segments are monitored, such as La Jolla Real Estate, Del Mar Real Estate, Rancho Santa Fe Real Estate, and Carmel Valley Real Estate
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