Tag Archives: san diego real estate

San Diego-Housing price climb lukewarm

Posted on November 1, 2016 | Leave a comment

Prices grew modestly in San Diego County’s housing market in August, capping a slow summer, said the S&P CoreLogic Case-Shiller Indices released Tuesday.

Adjusted for seasonal variation, the regional index of home prices was 5.8 percent higher in August compared to a year ago. However, compared to July, the market appreciated by .21 percent, or an annual rate of just 2.5 percent, continuing a pattern that began in June.

Most of the year’s price increases came early in the year, beginning with an annual rate of growth of 12.9 percent in January.

The housing markets of Los Angeles and Orange counties followed a similar path, with prices also increasing 5.8 percent year-over-year in August. San Francisco’s market was strongest in California, increasing 6.7 percent in the same time period.

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San Diego: Home Sales Slide But Prices Edge Up

Posted on December 27, 2013 | Leave a comment

Fewer San Diegans bought homes in November, but the median price for a property still ticked up from the month before.

In November, the median price for a home sold in the county was $415,000, up from the $412,750 in October, real estate tracker DataQuick reported Monday. Annually, prices are still up 15.9 percent from November 2012, but that gain is continuing to drop from the peak 24.1 percent yearly gain seen from June 2012 to June 2013. At that time, the median price was $416,500.

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“November sales were pretty underwhelming,” said a statement from John Walsh, DataQuick president. “The exact cause is tough to pinpoint, but we see likely culprits: The inventory of homes for sale still falls short of demand.”

Walsh also noted that the Oct. 1-16 federal government shutdown could have curtailed November closings. But Mark Goldman, a loan officer and real estate professor at San Diego State University, said many loan officers found workarounds during the shutdown.

Goldman said the numbers met his expectation that the market seems to be returning to normal levels. He noted a historic year-over-year price gain of about 3 percent. Those slower price increases will take pressure off people looking for a home, giving them more time to find the right property without fear of getting priced out.

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San Diego – 5th Least Affordable Place to Buy A Home

Posted on December 26, 2013 | Leave a comment

Homes Median Maximum Median

within household affordable size

reach income home price (sq. ft.)

1. San Francisco 14% $78,840 $409,000 1,000

2. Orange County 23% $71,983 $373,000 1,057

3. Los Angeles 24% $53,001 $271,000 1,170

4. New York City 25% $56,007 $274,000 978

5. San Diego 28% $60,330 $309,000 1,056

6. San Jose 31% $90,737 $462,000 1,133

7. Ventura County 32% $71,517 $366,000 1,222

8. Fairfield County, Conn. 36% $79,841 $364,000 1,317

9. Honolulu 40% $71,404 $395,000 778

10. Boston 41% $66,149 $322,000 1,250

Real estate website Trulia analyzed the most and least affordable places in the U.S. for a middle class family to buy a home. A home was affordable if the total monthly payment for that home was less than 31 percent of the metro area’s median household income. Areas in Ohio and Indiana dominated the most affordable, with more than 80 percent of homes within reach. San Diego made the top 10 list of least affordable places to own a home.