A good take on the possible direction of the San Diego California real estate market. Has San Diego really hit bottom? Does the real estate market have further to go on the down-side?
In the just released Case-Shiller home price index, the leading measure of U.S. home prices, San Diego house values rose 0.4 percent in June compared with May, and 11.2 percent compared with June 2009.
This report showed the U.S. National Home Price Index rose 4.4% in the second quarter of 2010, after having fallen 2.8% in the first quarter. Nationally, home prices are 3.6% above their year-earlier levels.
Extremely desirable and rarely available ‘D' plan. This is the largest model in Mariposa! Sunny ‘end’ location! Plus, it’s located in a quiet ‘inside’ location facing a green-belt!
Recently installed new kitchen appliances & finished elegant MBA remodel.
This model is actually larger than many SFH’s in the neighborhood! Plus, it’s only attached on one side & faces a green-belt. Tile entry flooring, classy wallpaper, vertical blinds & draperies, newer paint in kitchen creates an elegant modern atmosphere. Plus, whole house fan, dramatic vaulted ceilings. Family room w/raised brick fireplace. Functional breakfast nook.
Elevated dining room. Large library area, perfect for in-home office. The spacious Master Bedroom has walk-in closet. Good size patio w/added gate is perfect for al fresco dining or lazy afternoons.
This Spanish townhome combines warmth, comfort, and efficiency. All windows dual glazed for energy conservation. Copper water lines installed! Attached 2-car garage w/ newer opener & direct access into home. Complex has solar pool, spa!
Mariposa is a world away in feeling . . . a world of green hillsides, natural canyons, the San Diego River, and a very attractive community. Right next-door is the 5,700-acre Mission Trails Regional Park, one of the nation’s largest urban-area parks, a preserved wonderland of rugged backcountry, deep gorges, wood-shaded creeks, lake and hiking trails. Truly, a very unique place to live and share in all that San Diego has to offer without a long commute. Low $160 dues! JUST REDUCED Value Ranged $389,900 to $419,900
All measurements are approximate. Sq. Ft. is per builder’s flyer. Seller to select all related services.
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Here is what Forbes just said: “The final figures for the U.S. housing market's performance thus far in 2010 won't be officially released for several weeks. But a review of the best preliminary data available indicates that the recovery in home values that began in early 2009 has stalled. A second dip is clearly under way in some places, if not across the entire U.S.” +++To read the full post, visit the San Diego housing market blog
San Diego home prices have risen for eleven consecutive months. Most major media outlets in San Diego are proclaiming that our real estate decline bottomed in April 2009.
A recent headline noted San Diego real estate price appreciation outpaced the rest of the nation. Another headline stated that San Diego County house prices rose 11.7% in April 2010, as compared to April 2009. This was proclaimed to be the fastest rate of annual appreciation increase in the nation. Plus, San Diego County home prices have been rebounding for the past year after their 40% decline from the top of the market in 2005.<!--more-->
In light of the above news, one would be hard-pressed not to agree with the consensus opinion that the bottom has been reached in the San Diego real estate market; the current recovery seems to be outpacing the national averages.
In 2005, I wrote an article entitled “A trend to go national” where I predicted that the trends I saw occurring in the San Diego real estate market, which defined classic irrational exuberance, were not only about to take down the San Diego market, but I believed, would affect the entire nation. I was not alone in raising the caution flags about the real estate market, and those who were caught up in the exuberance of the market as well as many media outlets, coined the term bubblehead to myself and others, to imply a certain foolishness to those who would speak out against such a powerful and (certain to be) continued annual double-digit real estate appreciation. +++To read the full post, please visit the San Diego California real estate market blog
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Extremely desirable and rarely available ‘D' plan. This is the largest model in Mariposa! Sunny ‘end’ location! Plus, it’s located in a quiet ‘inside’ location facing a green-belt!
Recently installed new kitchen appliances & finished elegant MBA remodel.
This model is actually larger than many SFH’s in the neighborhood! Plus, it’s only attached on one side & faces a green-belt. Tile entry flooring, classy wallpaper, vertical blinds & draperies, newer paint in kitchen creates an elegant modern atmosphere. Plus, whole house fan, dramatic vaulted ceilings. Family room w/raised brick fireplace. Functional breakfast nook.
Elevated dining room. Large library area, perfect for in-home office. The spacious Master Bedroom has walk-in closet. Good size patio w/added gate is perfect for al fresco dining or lazy afternoons.
This Spanish townhome combines warmth, comfort, and efficiency. All windows dual glazed for energy conservation. Copper water lines installed! Attached 2-car garage w/ newer opener & direct access into home. Complex has solar pool, spa!
Mariposa is a world away in feeling . . . a world of green hillsides, natural canyons, the San Diego River, and a very attractive community. Right next-door is the 5,700-acre Mission Trails Regional Park, one of the nation’s largest urban-area parks, a preserved wonderland of rugged backcountry, deep gorges, wood-shaded creeks, lake and hiking trails. Truly, a very unique place to live and share in all that San Diego has to offer without a long commute. Low $160 dues!
Value Ranged $399,900 to $424,900
All measurements are approximate. Sq. Ft. is per builder’s flyer. Seller to select all related services.
Bob Schwartz | www.brokerforyou.com | 619-286-5604
3644 Mission Mesa Way, San Diego, CA
San Carlos 3Br. TownHm VALUE!
3BR/3BA Townhouse
offered at $349,900
to $375,000
Value Ranged
Year Built
1984
Sq Footage
1,397
Bedrooms
3
Bathrooms
3 full, 0 partial
Floors
3
Parking
Unspecified
Lot Size
Unspecified
HOA/Maint
$160 per month
DESCRIPTION
Extremely desirable, 3BR/3BA in Mariposa! Nice ‘inside’ quiet location w/MBR facing green-belt. Newer Berber carpeting & elegant tile flooring. Popcorn ceilings removed. Upgraded MBA. Mirrored closets – Ceiling Fan - Raised brick-hearth fireplace – Covered front patio.
Great 3Br. value in popular community! Located in sought-after, quiet, ‘inside’ location! Enjoyable front patio area. Additional laundry room, spacious master bedroom w/vaulted ceiling and mirrored closets! Elevated dining room with pass-through to kitchen. Quality kitchen cabinets, tile counter tops, trash compactor, water line for ice maker. This Mariposa Spanish townhouse combines warmth, comfort, and efficiency. All windows dual glazed for energy conservation. Attached two car garage w/opener and direct access into home. Complex has solar pool and spa. Easy walking distance to a city park as well as Mission Trails 5,700 acre Regional Park. All measurements are approximate. Sq. ft. per tax rolls. This is really a must see home and community! Low $160 dues. Seller to select all related services.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
In the just released Case-Shiller home price index, the leading measure of U.S. home prices, San Diego house values rose 0.4 percent in June compared with May, and 11.2 percent compared with June 2009.
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