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San Diego County home prices held steady in December 2010 Many of the experts apparently are disappointed in San Diego real estate because it continues to go against their predictions of doom and gloom. After reaching a low of $280,000 in February 2009, the median sales price for San Diego County has continued to hold its own, settling at $333,000 in December 2010. That was down from $335,000 in November 2010, up $3,000 from a year earlier and up $33,000 from two years earlier. Increases of more than 5-7% annually just can't be sustained for too long, and the years (5 comments)
San Diego County home sales up 24% in December 2010 There were 3,191 homes sold in December 2010 in San Diego County, up 24.3% from November 2010 but still down 12.6% from December 2009. Sales reached a low of 1,826 in January 2008. Sales in 2009 were affected by bank bailouts, and both 2009 and early 2010 sales were affected by state and federal home-buying tax credits, resulting in a high of 3,885 homes sold in June 2010. Many experts were predicting a double dip in the real estate market in 2010, but that doesn't appear to have happened. A quick (8 comments)
San Diego County median home price for July 2010 The median home price in San Diego County continues to steadily increase from its low of $280,000 in January 2009. The July 2010 median was $338,000, up $2,500 from June.
If your intent is to live in your home, raise your family there, and perhaps even retire there, it's always a great time to buy, but especially so right now with interest rates still at record lows and before home prices increase so far thath your dream home is out of reach. If you've been sitting on the fence, climb (3 comments)
The good news just keeps on coming for us here in San Diego! The latest Standard & Poor's/Case-Shiller Home Price Index released yesterday indicates that San Diego home prices increased 12.4% in May 2010 over May 2009. Although San Diego took second place behind San Francisco's 18.3% increase, San Diego is the only metro area in the Index to have price increases for thirteen consecutive months! Increases were also noted in Atlanta, Boston, Cleveland, Dallas, Denver, Los Angeles, Miami, Minneapolis, Phoenix, Portland, and D.C. That's 11 out of the 20 metro areas in the Index! The experts (and I'm still (8 comments)
Every time John Mulkey, the Housing Guru in Waleska, Georgia, gets a Featured Post announcing the latest doom-and-gloom news, I find great news in the San Diego Union-Tribune, our arch-conservative newspaper. John's current Featured Post is titled The housing marketing has fallen and won't get up. We seem to be doing well over here in San Diego, which might just prove yet again that all real estate is local. Sales have been steadily increasing for 29 consecutive months, and prices have been steadily increasing for 17 consecutive months. Unemployment is down, the economy is up, consumer confidence index is increasing, (16 comments)
san diego real estate: San Diego County real estate market refuses to collapse after the federal tax credit expired - 07/13/10 07:43 PM
Many experts were predicting a collapse of the real estate market beginning in May 2010 since the federal tax credit expired in April. Such has not proven to be the case here in San Diego County. Both the number of sales and the median home price are steadily increasing, and interest rates are still low! The median home price of $335,500 in June was slightly lower (1.3%) than May but was up 6.8% from June 2009, the ninth consecutive month of year-over-year increases. January 2009, when the median home price reached a low of $280,000, appears to be the bottom of the San Diego (4 comments)
san diego real estate: May 2010 reports are in and it's continuing good news for San Diego County real estate - 06/15/10 04:27 AM
May 2010 saw continuing good news for the San Diego housing market. Prices are up, sales are up, and interest rates are still low! The median home price rose to $340,000, an increase of 4½% over April and a 15% increase over May 2009. It is the highest it has been since October 2008, and continues a two-year trend of increasing or flat prices year over year. The historic high was in November 2005 when the median reached $517,500. The most recent low was in January 2009 when the median was $280,000.
Unfortunately, as the median price continues to (5 comments)
san diego real estate: Mission Valley condos, San Diego, California: Friars Mission - 03/23/10 02:07 PM
Friars Mission condominiums are located in eastern Mission Valley in San Diego, California. There are 166 units built from 1975 to 1978, and they range from 1,172 square feet to 1,536 square feet. Floor plans include two bedrooms/two bathrooms, two bedrooms/three bathrooms, and three bedrooms/two bathrooms. To the best of my knowledge, all units have interior laundries. The central location of Friars Mission 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. At nearby Fenton Marketplace there's a Costco, Lowes, Ikea, and Islands Restaurant, a new branch of the San Diego Public (3 comments)
san diego real estate: San Diego one of only four areas showing price increases for November 2009 - 01/31/10 05:40 PM
The Standard & Poor's/Case-Shiller Home Price Index released statistics showing San Diego County as one of only four metropolitan areas that had an increase in prices in November 2009 compared to November 2008. The other three were Dallas, San Francisco, and Denver. The Index is a three-month rolling average of single-family resale homes involving the same property over time. It was set at 100 for January 2000, and in November 2009, it stood at 156.06 for San Diego County, meaning that homes here are selling for 56% more than they did in January 2000. It proves once again, I believe, that (4 comments)
san diego real estate: December 2009 increase/decrease in San Diego County home prices by zip code - 01/30/10 08:46 PM
San Diego County home sales have been up for eighteen consecutive months, and prices have been up for eleven consecutive months. However, individual cities and neighborhoods continue to be somewhat hit or miss, with about half increasing in price and the other half decreasing in price. Following are the San Diego County zip codes and their increase or decrease in December 2009 over December 2008.
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If you're looking for a great San Diego Realtor, well,let me Google one for you. I'm available (6 comments)
san diego real estate: San Diego home prices continue to show recovery - 01/02/10 05:59 PM
The Standard & Poor's/Case-Shiller Home Price Index released statistics for October showing San Diego County as the third fastest recovering housing market. Only Phoenix and San Francisco were recovering faster, according to the Index, and only Los Angeles and Washington, D.C., had higher index numbers than San Diego. The Index is a three-month rolling average and is based on comparing resales of the same properties. It was set at 100 for January 2000, and in October 2009, it stood at 155.37 for San Diego County, meaning that homes here are selling for 55% more than they did in January 2000, proving (4 comments)
san diego real estate: San Diego County home prices continue their climb - 11/24/09 06:06 PM
Ever since President Obama took office on January 20, 2009, the San Diego County median sales price for all homes has been climbing, seeming to indicate that January 2009 was the bottom of the market here. Perhaps it's due to President Obama's aggressive economic policies, the Federal first-time home buyers tax credit, the Federal home improvement tax credit, the cash for clunkers program, the wars in Afghanistan and Iran, the Federal bailout programs, low mortgage rates, or the fact that there are simply a lot of good real estate bargains out there. October 2009 increase over October 2008 is the first (5 comments)
san diego real estate: I still don't like year over year statistics - 11/15/09 09:51 PM
Although I understand the reason for using year over year statistics, I don't think they make much sense for us here in San Diego. In northern areas, I suspect that not too many homes sell during the winter blizzards that leave ten feet of snow on the ground. Now I'm cold. Maybe a warm piece of Julian cherry apple crumb pie would help -- LOL. I consider last year's figures to be useless, about as useless as me doing comps that uses sales figures from last year. What purpose does that serve? Here in San Diego, our home sales have been (23 comments)
san diego real estate: San Diego County home sales and prices continue climbing.... - 08/18/09 02:29 PM
DataQuick is reporting that San Diego County home sales for July 2009 were up for the thirteenth month in a row, and home prices were up again, making it the seventh month in a row that prices have been up or flat. Home sales totaled 3,809 in July 2009, up from 3,692 in June 2009 and up from 3,431 in July 2008. The median price was $320,000 in July 2009, up from $314,250 in June 2009 but still down from $364,000 in July 2008. Experts caution, though, that rapid appreciation like that we saw in the early 2000's won't be back (4 comments)
san diego real estate: Mission Valley Condos, San Diego CA: Park Place Estates - 07/17/09 07:41 PM
Park Place Estates is a condominium complex at the west end of Mission Valley in San Diego, California. It is within walking distance of Sea World, Fiesta Island, and much of Mission Bay, as well as Fashion Valley and the University of San Diego. If walking is not your thing, you can catch the San Diego Trolley at the Linda Vista/Moreno station for points east and south. Park Place Estates is #8 on the Mission Valley map below. For information on the other complexes in Mission Valley, click on the map to go to my web site and then click on the (6 comments)
san diego real estate: Continuing great news in the San Diego County real estate market - 07/16/09 04:14 PM
DataQuick released real estate statistics for June 2009 yesterday, and they continue to present great news for the San Diego real estate industry (unless you're a Buyer who has been sitting on the sidelines waiting for the bottom to hit). Following is some of the great news, first about home prices with numbers representing combined totals for resale houses, resale condos, new homes, and new condos. The median price -- that price where half the homes had a higher price and half the homes had a lower price -- rose for the third consecutive month. Perhaps even more significant is that (7 comments)
san diego real estate: San Diego County real estate market for April 2009 - 05/17/09 11:59 AM
As I stated recently, I'm not a big fan of year over year statistics, especially when it comes to real estate. Just like real estate comps, I think anything older than six months is not relevant. So it is with great joy that I bring you good news about the San Diego real estate market for April 2009. San Diego County, once ranked as the fifth most expensive real estate market in the nation, has fallen to eleventh in terms of median price for single-family resale homes. Honolulu came in at #1 at $570,000. California took three of the next four spots, (5 comments)
san diego real estate: My view of real estate - 05/17/09 11:38 AM
I'm not a big fan of year over year statistics, especially when it comes to real estate. They might be okay if one is tracking one's investment, but I don't think real estate should be used as an investment, unless it's a long-term investment. I know it is tempting to sell one's home when it's appreciated 30% in the last year and take all that cash, but what is one going to do then? One still needs a place to live, but it's highly likely that in the real estate boom times, all the other homes have probably appreciated 30% in (12 comments)
san diego real estate: San Diego real estate market, March 2009 - 04/21/09 07:20 PM
Home prices in San Diego County, after rising in February 2009 for the first time since April 2008, were unchanged in March 2009, with the median home price at $285,000. Home sales in March 2009 zoomed 43 percent over March 2008, at 3,020 homes sold. That came in as the largest March increase in five years. So basically what we've seen recently is that home prices have been stable for three consecutive months, and home sales have increased, year over year, for nine consecutive months. Real estate experts attribute the trend to low interest rates and more affordable housing, and some believe (10 comments)
san diego real estate: Open House at The Lido, San Diego Mission Valley, Sunday, March 29 - 03/28/09 07:15 PM
Jim Frimmer, Realtor with Century 21 Award in San Diego's Mission Valley, will be hosting an Open House at The Lido condominium complex in Mission Valley on Sunday, March 29, from 1:00 p.m. to 4:00 p.m. The address is 8275 Station Village Drive, Unit 3312, and the listing price is $364,500. The Lido is a luxurious gated community with tropical landscaping, clubhouse, fitness center, and swimming pool. Unit 3312 is a third floor unit with approximately1,187 square feet and features: two bedrooms and two bathrooms granite countertops in bathrooms and kitchen spacious kitchen with island breakfast bar balcony with access from (4 comments)
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.