Category Archives: Real Estate

San Diego home sales jumped in September

Posted on November 1, 2019 | Leave a comment

Home sales in San Diego County jumped 14.7 percent in September from the same time last year, which analysts largely attribute to a drop in mortgage rates.

There were 3,393 sales in September, said CoreLogic data provided by DQNews, up from 2,959 in September 2018.

At the same time, home prices dipped slightly. The median home price was $570,000 in September, down from $575,000 at the same time last year. It marks the second consecutive month of declining prices.

The median home price includes several home types. Here is how they fared in September:

Resale single-family: Median of $615,000, down from the peak of $649,500 reached in June. There were 2,216 sales, up 16.4 percent from the same time last year.
Resale condo: Median of $423,000, down from a peak of $440,000 in August. There were 991 sales, up 12.7 percent from September 2018.
Newly built: Median of $622,750, down from a median of $812,500 in October 2018. There were 290 sales, up 9 percent from the same time last year.

San Diego home-price gains remain below US average

Posted on October 30, 2019 | Leave a comment

Home prices were up 2.3 percent annually in the San Diego metropolitan area as of August, said the S&P CoreLogic Case-Shiller Indices released Tuesday.

The gain was part of a continued reversal of fortunes for San Diego since mortgage interest rates started to drop. For months, the metro area was at the bottom of the 20-city index. Still, at the same time last year, San Diego home prices were up 4.9 percent annually.

Price gains have slowed nationwide, up 3.2 percent in a year, with analysts saying it could be a reflection of increases returning to historic norms after years of substantial growth coming out of the Great Recession.

Lower-cost markets have seen the biggest gains in the index. Phoenix home prices were up 6.3 percent in a year. It was followed by Charlotte at 4.5 percent and Tampa at 4.3 percent.

San Diego – Toilet to tap halted by judge

Posted on September 30, 2019 | Leave a comment

San Diego’s $4 billion plan to boost the city’s water independence is facing delays and cost increases thanks to a legal dispute over the use of unionized construction workers.

A judge issued an injunction in June that halted the project, a recycling system called “Pure Water” that would purify treated sewage into drinking water and supply one-third of the city’s water supply by 2035.

The injunction, which San Diego officials estimate is costing them $4 million a month, was prompted by a city compromise that requires union workers on some Pure Water projects and allows union and non-union workers on others.

The San Diego chapter of the Associated General Contractors, a coalition of contractors, contends the city’s compromise favors union workers. It filed suit in May claiming the compromise violates a successful 2012 city ballot measure that regulates the use of union workers on projects.

Superior Court Judge John Meyer agreed, issuing a preliminary injunction that forced city officials to halt soliciting bids for Pure Water projects and to begin exploring their legal options.

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Category Archives: Real Estate

San Diego home sales jumped in September

San Diego home-price gains remain below US average

San Diego – Toilet to tap halted by judge

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