Green Real Estate Appraiser

San Diego median home price hits $575k

Posted on July 25, 2018 | Leave a comment

San Diego County’s median home price hit another record in June, reaching $575,000, while sales hit their lowest point in years, real estate tracker CoreLogic reported Tuesday.

The previous record was $570,000 in May. Home prices have been steadily breaking records all year, with prices increasing 5.5 percent in a year as of June.

A lack of homes for sale has reduced sales significantly, while pushing prices up. There were 3,927 home sales in June, down 9.4 percent from the same time last year. That’s the lowest in four years for June in San Diego County.

“Affordability and inventory constraints are likely the main culprits in last month’s sales,” wrote CoreLogic data analyst Andrew LePage, “which applied to all six of the region’s counties and across most of the major price categories.”

San Diego County’s resale home market, the most significant part of the puzzle because it has the majority of sales, hit a new peak while sales dipped. The median for a single-family home reached an all-time record of $630,000, a 5.8 percent increase in a year.

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Relief in Sight for Homebuyers in High Priced West Coast Cities

Posted on July 20, 2018 | Leave a comment

It’s been tough being a homebuyer on the West Coast. Prices have been surging for years as house hunters fight for the few available listings. Now the tide could be shifting.

As sellers come off the sidelines to lock in gains, they’re starting to boost inventory. New data by brokerage Redfin Corp. shows that supply in several U.S. markets is rising in the places that need it the most, like Seattle; Portland, Oregon; and San Jose, California.

relief

The rise in inventory in these West Coast housing markets has slowed the torrid price increases in the region and, in turn, in the U.S. as a whole, where prices grew at their slowest pace since December 2016. The cooling includes the pace of sales as well. While sales increased in June in many of the nation’s biggest markets, including Chicago (9.8 percent), Washington (5.7 percent) and Houston (2.4 percent), declines out west were so sharp they dragged the national figure down to a drop of 3.3 percent.

The pain isn’t over. The inventory shortage is still very real in many West Coast markets — some have only a few months of supply. And if the skyrocketing trajectory of prices has eased, the increases still consistently outstrip wage growth. The median home in San Jose sold for $1.23 million in June.

https://www.bloomberg.com/news/articles/2018-07-19/this-bizarre-sunscreen-booth-is-driving-cocktail-sales-at-hotel-pools

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FREE – San Diego’s Master Gardeners help home owners make their yards Earth Friendly

Posted on July 16, 2018 | Leave a comment

The Earth-Friendly Gardens program is designed to help San Diego County residents evaluate management choices when caring for outdoor spaces.

The program is built around eight simple principles: select appropriate plants, nurture the soil, manage pests responsibly, protect wildlife, grow food, conserve water, protect air quality and reduce waste. To certify your garden as Earth-Friendly, you need to check off a minimum number of items for each of the eight principles. To learn more, visit the UC Master Gardeners website at http://www.mastergardenersd.org and click on the picture of the Earth-Friendly sign.

UC Master Gardener Valorie Shatynski became familiar with earth-friendly gardening practices as she grew up in southern Oregon on a family farm. They raised flowers, onions, sugar beets and turf to harvest their seeds for sale to major seed companies. One of Valorie’s tasks was removing weeds and disposing of them outside the field to prevent reseeding. Removing weeds is extremely important in the seed business; companies reject products contaminated with weed seed.

You can evaluate how you are doing as an Earth-Friendly gardener using the Master Gardeners’ idea-filled checklist, available at www.mastergardenersd.org. Click on the Earth-Friendly Garden sign. As a reward for your efforts and to support our non-profit countywide program, purchase an Earth-Friendly Garden yard sign. It is a great way to share with visitors that your garden is sustainable and a conversation starter about earth-friendly gardening.

disclaimer: for information and entertainment purposes only

San Diego median home price hits $575k

Relief in Sight for Homebuyers in High Priced West Coast Cities

FREE – San Diego’s Master Gardeners help home owners make their yards Earth Friendly

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