Tag Archives: san diego

Some Solar Rebates Ending in San Diego

Solar rebates are coming to an end in San Diego for home rooftop energy systems and some solar water heating systems for single-family residences, the administrator of the programs confirmed Tuesday. An array of other solar rebates remain available.

Since their introduction in 2006, rebates for single-family households that generate their own solar energy under the California Solar Initiative have been gradually reduced as costs decline and the solar marketplace gains momentum. The initiative is paid for by the majority of California utility customers served by the state’s large investor-owned utilities, including San Diego Gas & Electric.

About $54 million in household rooftop solar rebates have been paid out in the San Diego region on more than 17,900 solar arrays, according to the California Center for Sustainable Energy, administrator of the initiative for San Diego and southern Orange counties.

Those rebates ran out once before in January 2013, and were extended by a $5 million transfer. Remaining funds of roughly $200,000 are accounted for by reservations and a waiting list, said Ben Airth, residential program manager for initiative at the energy center.

read more at: http://www.utsandiego.com/news/2014/feb/26/solar-rebates-waning/

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New Home Prices Hit Record High

The median price for newly built single-family homes and condos in San Diego County shot up to a record high in December, while the number of new homes sold hit a record low for a December.

Last month, 284 new residences sold at a median $699,000, a 48 percent hike over the $473,250 median new home price in December 2012, when 419 new homes sold. The previous record for a median new home price was $553,000 in February 2008, when 330 units closed escrow, real estate tracker DataQuick reported Tuesday.

The new home sales may have skewed the data up due to a number of high-end closings scheduled to be on the books by the end of 2013.

“If builders are trying to get their business plan done by the end of the year, they may have phased in construction to close in December,” said Paul Barnes, president of Shea Homes San Diego, developer of various properties such as Civita in Mission Valley. “If a project is extremely high end and there’s not a lot of other competing activity you’ll get those aberrations.”

read more at: http://www.utsandiego.com/news/2014/jan/14/dataquick-construction-homes-realestate-housing/

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San Diego – Foreclosures Up In October but still down for years

Foreclosures in San Diego County ticked up from September to October, but over the past 12 months are still down more than 65 percent.

Last month, lenders foreclosed on 173 properties in the county, up 18.5 percent from the 146 in September, real estate tracker DataQuick reported Tuesday. Percentage wise, it was the biggest month-to-month jump in foreclosures since they rose from 715 in December 2010 to 959 in January 2011, a 34.1 percent gain.

Mark Goldman, a loan officer and real-estate lecturer at San Diego State University, said the number of foreclosures can depend on internal factors at banks, and did not express concern about the jump.

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“I just attribute that to noise,” he said. “It’s such a small number. In general, I would expect foreclosures to be going down as property values increase more and more. When there’s equity in the property you can sell it.”

In October, the median price of a home in San Diego County was $412,750, up 17.9 percent from October 2012, DataQuick reports. Prices bottomed out at $280,000 in January 2009, when there were 1,107 foreclosures.

read more at: http://www.utsandiego.com/news/2013/nov/19/dataquick-foreclosures-real-estate-housing-default/

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