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san diego county real estate: Real estate news — San Diego County home sales for July 2010 - 08/22/10 02:46 PM

San Diego County home sales for July 2010
Home sales in San Diego County came in at 3,070 in July 2010, lower than the almost-3,900 sales in both May and June, but still well above the low of 1,826 sales in January 2008 and 2,322 sales in January 2010.
Many experts blame the fall on the expiration of the federal tax credit, but that actually expired April 30, so it really doesn't fully explain the high sales in May and June. However, it's possible that some people were house hunting with the intent of getting into escrow by the April … (3 comments)

san diego county real estate: Just a small reminder: Like politics, real estate is local! Make it so! - 05/26/10 12:07 AM
John Mulkey, the "Housing Guru" over in Waleska, Georgia, gets a lot of Featured Posts about the doom and gloom in the real estate market.
Rarely, if ever, is there a Featured Post with positive real estate news, so I'd just like to remind people that, like politics, real estate is local.
John's most recent Featured Post quotes David Stevens, head of the FHA, as saying that the real estate market is on life support, buoyed only by the federal government.
First of all, Mr. Stevens is presumed to be an expert, but I'm not sure we should really trust those experts anymore. What have they … (37 comments)

san diego county real estate: Mission Valley condos, San Diego, California: Mission Playmor - 03/05/10 04:01 PM
Mission Playmor is a large condominium complex of 200 units in eastern Mission Valley in San Diego, California.
The central location of your Mission Playmor condominium provides quick and easy access to Qualcomm Stadium, home of the San Diego Chargers, as well as world-class shopping and dining throughout Mission Valley.
Just blocks away at Fenton Marketplace there's a Costco, Lowes, Ikea, and Islands Restaurant, a new branch of the San Diego Public Library, and a San Diego Trolley station.
If you're a golfer, you'll enjoy the close proximity of your Mission Playmor condo to both the Riverwalk Golf Course and the Tecolote Canyon Golf Course.
… (4 comments)

san diego county real estate: December 2009 San Diego County foreclosures spike while default notices decline - 02/06/10 06:03 PM
Notices of Default in San Diego County dropped in December 2009 to 1,878, the lowest number since November 2008.
A Notice of Default is the first step by mortgage holders in foreclosing on properties where owners are behind on their mortgage payments.
The fall in the number of default notices could indicate that mortgage lenders are working with owners to work with owners to modify mortgage loans or to sell the property for less than the currently owed mortgage balance, called a short sale.
Another possibility is that mortgage lenders are waiting as long as possible before issuing default notices in … (6 comments)

san diego county real estate: December 2009 saw continuing good news for the San Diego housing market - 01/30/10 07:41 PM
December 2009 saw continuing good news for the San Diego housing market.
October 2009 was the first month in three years that the median sales price had increased over the previous year, and December 2009 added another month to that to make it three in a row! However, month over month, the median sales price has been up for eleven consecutive months.
The historic high was in November 2005 when the median reached $517,500. At that time, only 7% of San Diego's population could afford to buy a median-priced home.
The most recent low appears to have been January 2009 when … (7 comments)

san diego county real estate: November 2009 San Diego County home prices and sales figures are out -- It's good news! - 12/16/09 07:33 PM
November 2009 saw continuing good news for the San Diego housing market.
October 2009 was the first month in three years that the median sales price had increased over the previous year, and November 2009 added another month to that to make it two in a row!
The historic high was in November 2005 when the median reached $517,500. At that time, only 7% of San Diego's population could afford to buy a median-priced home.
The most recent low appears to have been January 2009 when the median fell to $280,000. For the fourth consecutive month, the median price has held … (8 comments)