The Joys of Real Estate Blog | San Diego Real Estate Price Trends

UPDATED: Scripps Ranch Open House!

The Joys of Real Estate — Thu, 02 Feb 2012 17:40:04 -0800

Please note the change for this upcoming openhouse.

We are proud to announce that this Feb 4th, 1:00 PM to 4:00 PM we will be hosting an Open House at 12485 Semillon Blvd in the Scripps Ranch neighborhood, San Diego. This is an opportunity to visit this excellent House for sale in beautiful Scripps Ranch.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Scripps Ranch House for sale.

As always please do not hesitate to give me a call at 858-472-3887 if I can answer any questions before the open house, or if you would like to book a private showing.

The Joys of Real Estate
Keller Williams Realty

Scripps Ranch Open House!

The Joys of Real Estate — Mon, 23 Jan 2012 08:54:08 -0800

We are proud to announce that this Jan 29th, 1:00 PM to 4:00 PM we will be hosting an Open House at 12485 Semillon Blvd in the Scripps Ranch neighborhood, San Diego. This is an opportunity to visit this excellent House for sale in beautiful Scripps Ranch.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Scripps Ranch House for sale.

As always please do not hesitate to give me a call at 858-472-3887 if I can answer any questions before the open house, or if you would like to book a private showing.

The Joys of Real Estate
Keller Williams Realty

First Quarter Market Update

The Joys of Real Estate — Sun, 22 Jan 2012 15:24:16 -0800

Scripps Ranch Open House!

The Joys of Real Estate — Mon, 16 Jan 2012 20:21:29 -0800

We are proud to announce that this Jan 21st, 1:00 PM to 4:00 PM we will be hosting an Open House at 12485 Semillon Blvd in the Scripps Ranch neighborhood, San Diego. This is an opportunity to visit this excellent House for sale in beautiful Scripps Ranch.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Scripps Ranch House for sale.

As always please do not hesitate to give me a call at 858-472-3887 if I can answer any questions before the open house, or if you would like to book a private showing.

The Joys of Real Estate
Keller Williams Realty

Scripps Ranch Open House!

The Joys of Real Estate — Tue, 10 Jan 2012 17:32:20 -0800

We are proud to announce that this Jan 15th, 1:00 PM to 4:00 PM we will be hosting an Open House at 12485 Semillon Blvd in the Scripps Ranch neighborhood, San Diego. This is an opportunity to visit this excellent House for sale in beautiful Scripps Ranch.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Scripps Ranch House for sale.

As always please do not hesitate to give me a call at 858-472-3887 if I can answer any questions before the open house, or if you would like to book a private showing.

The Joys of Real Estate
Keller Williams Realty

Scripps Ranch Open House!

The Joys of Real Estate — Tue, 03 Jan 2012 14:23:40 -0800

We are proud to announce that this Jan 8th, 1:00 PM to 4:00 PM we will be hosting an Open House at 12485 Semillon Blvd in the Scripps Ranch neighborhood, San Diego. This is an opportunity to visit this excellent House for sale in beautiful Scripps Ranch.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Scripps Ranch House for sale.

As always please do not hesitate to give me a call at 858-472-3887 if I can answer any questions before the open house, or if you would like to book a private showing.

The Joys of Real Estate
Keller Williams Realty

10435 Mountain Glen Terrace, San Diego, CA

The Joys of Real Estate — Tue, 03 Jan 2012 12:49:24 -0800

I just sold this House at 10435 Mountain Glen Terrace, San Diego, CA Scripps Ranch.

View this recently sold House or see all my home sales

12485 Semillon Blvd, San Diego, CA

The Joys of Real Estate — Tue, 03 Jan 2012 12:01:07 -0800

I just finished uploading this House for sale, 12485 Semillon Blvd, San Diego, CA

Own a Scripps Ranch 2005 custom home with an open “Great Room” design! Bedroom and bath on the first floor. Kitchen has cherry cabinets, granite counters, Thermador professional stainless appliances. Fireplaces in living room, Master Bedroom and Rear Yard. Family Room with large Cherry wood entertainment center and surround sound. Large Master Bedroom Suite with spa tub. Lutron lighting, dual zone AC/Heating, central vacuum and plantation shutters. Rear yard has BBQ entertainment area and spa tub.

10435 Mountain Glen Terrace, San Diego, CA

The Joys of Real Estate — Thu, 24 Nov 2011 10:47:02 -0800

I just finished uploading this House for sale, 10435 Mountain Glen Terrace, San Diego, CA

This is a remarkable opportunity to own a home in the highly desirable community of Scripps Ranch. It has several recent upgrades including the rear patio trellis, a redwood deck, the furnace/central A/C and a concrete tile roof. The downstairs large family room has a cozy fireplace and the spacious kitchen has plenty of counter and cabinet space. The large master bedroom has a master bath with a large soaking tub, dual sinks, and large walk in closet. On the side of the home is an area for a boat or RV.

Fourth Quarter Market Update

The Joys of Real Estate — Mon, 24 Oct 2011 09:50:03 -0700

San Diego County

Five Year Market Trends

Fourth Quarter 2011

The average sale price of single family homes in San Diego County declined the third quarter of 2011 by -3.8% compared to the third quarter of 2010. The attached home prices were flat from year to year. Relative to the second quarter of this year, the prices for single family homes are down -2.2% and attached homes are down -3.3%.

The year to year seasonal trend in home sales in San Diego County can be observed in the chart to the right. The most interesting observation is that single family home sales are up this year in the third quarter by 7.1% compared to last year. Whereas attached homes are flat compared to last year. For this year third quarter sales are down slightly compared to the second quarter which is a normal seasonal trend.

Distressed sales in the third quarter were reduced to 45%, with 25% short sales and 20% foreclosures which is exactly the same as the situation a year ago. Hence, it appears we made no progress in ridding ourselves of distressed property over the last year. It is real obvious that we will make no progress in reducing distressed property sales until the economy turns around and real jobs are created.

Mortgage interest rates are in a free fall as indicated in the chart. Just when you think they could go no lower they do. We have clients that are getting a 30 year fixed rate mortgage at 3.875%. What a buying opportunity we have today in one of the most treasured assets. Several people are buying homes as investment property for future retirement as you can have positive cash flow from renting right away even with a mortgage and 25% down.

For more complete data on all the real estate market trends in San Diego County go to our website and look under “Market Trends”.

We receive 90% of our business from referrals by very satisfied clients so we would very much appreciate when you hear of someone thinking about buying or selling a home that you please keep us in mind.

Red: Detached(Single Family), Blue: Attached

Red: Short Sales, Blue: Foreclosures
Source: Sandicor Multiple Listing Service

Source: Federal Home Loan Corporation

For the Latest Real Estate News:

http://www.TheJoysOfRealEstateBlog.com
Or visit our website at:
http://www.TheJoysOfRealEstate.com

Email us at:
TheJoys@TheJoysOfRealEstate.com
Connie: (858) 472-3888
Richard: (858) 472-3887

17185 Woodson View Dr, Ramona, CA

The Joys of Real Estate — Thu, 13 Oct 2011 21:42:03 -0700

I just sold this House at 17185 Woodson View Dr, Ramona, CA Mt Woodson.

View this recently sold House or see all my home sales

28401 Happy Lilac Trail, Escondido, CA

The Joys of Real Estate — Thu, 13 Oct 2011 21:41:52 -0700

I just sold this House at 28401 Happy Lilac Trail, Escondido, CA Hidden Meadows.

View this recently sold House or see all my home sales

Market Update for September

The Joys of Real Estate — Fri, 16 Sep 2011 14:14:37 -0700

San Diego County
Market Update

September 2011

As the summer draws to an end the remarkable thing in the real estate market is that interest rates continue to fall.

The average sales price of detached homes in San Diego county is down -3% compared to this time last year. Attached homes are actually up 6% in the same time period. Month to month detached homes are down slightly by -2% while attached homes are up 8%. Remember, this is an average for San Diego County and every area responds differently. This increase is likely price point driven.

There were 2,841 homes sold in San Diego County in August which is up about 2% compared to this time last year. However, 1,305 were distressed sales with 25% short sales and 21% foreclosures.

Just when you thought interest rates could not go any lower take a look at the chart. As of this writing, the September rate for a 30-year fixed is 4.17%. What an opportunity to buy or refinance a home. However, there is a huge amount of documentation required by the lenders now, so you must be patient with your loan officer who has to follow the new rules imposed by the government.

You can always find accurate, timely and customized real estate “Market Trends” at www.TheJoysOfRealEstate.com. You will find complete trend charts on San Diego County, Scripps Ranch, Rancho Bernardo, Poway, Rancho Penasquitos, Mira Mesa and Carmel Valley.

Thank you for your referrals as that accounts for 90% of our business of creating delighted home buyers and sellers.

Red: Detached(Single Family), Blue: Attached

Source: Sandicor Multiple Listing Service

Source: Federal Home Loan Corp

For the Latest Real Estate News:

http://www.TheJoysOfRealEstateBlog.com
Or visit our website at:
http://www.TheJoysOfRealEstate.com

Email us at:
TheJoys@TheJoysOfRealEstate.com
Connie: (858) 472-3888
Richard: (858) 472-3887

Market Update for August

The Joys of Real Estate — Tue, 23 Aug 2011 08:54:18 -0700

San Diego County
Market Update

August 2011

The average sales price of homes appears fairly stable over the year, but that does not give the full picture. If you examine the chart at the bottom it is apparent that the price per square foot has fallen over the last year which means that for a given size home the price has declined. It has declined -4.8% for single family homes and -3.1% for attached homes. Remember, this is an average for San Diego County and every area responds differently.

Home sales for single family homes have increased by 5% compared to this time last year whereas attached home sales have declined by -7%. Good news, distress sales fell this month to 44% with 23% foreclosures and 21% short sales.

Homes are selling as it is a buyer’s market with incredible prices and the average 30-year fixed interest rate is now 4.54%. It is actually less costly per month to buy a home than rent it and that does not include the additional savings from tax deductions for income and property taxes.

If you would like more information on possible savings in owning a home please give us a call or send us an email.

Thank you for your referrals as that accounts for 90% of our business of creating delighted home buyers and sellers.

Red: Detached(Single Family), Blue: Attached

Source: Sandicor Multiple Listing Service

For the Latest Real Estate News:

http://www.TheJoysOfRealEstateBlog.com
Or visit our website at:
http://www.TheJoysOfRealEstate.com

Email us at:
TheJoys@TheJoysOfRealEstate.com
Connie: (858) 472-3888
Richard: (858) 472-3887

8800 Gardena Way, Lakeside, CA

The Joys of Real Estate — Fri, 05 Aug 2011 10:26:31 -0700

I just sold this House at 8800 Gardena Way, Lakeside, CA Winter Gardens.

View this recently sold House or see all my home sales

58 16915 Hutchins Landing, San Diego, CA

The Joys of Real Estate — Fri, 05 Aug 2011 10:26:22 -0700

I just sold this Condo at 58 16915 Hutchins Landing, San Diego, CA 4S Ranch.

View this recently sold Condo or see all my home sales

Third Quarter San Diego Market Update

The Joys of Real Estate — Fri, 05 Aug 2011 10:16:23 -0700

San Diego County

Five Year Market Trends

Third Quarter 2011

The average sale price of homes in San Diego County declined the second quarter of 2011 by -1.5% compared to the second quarter of 2010. Relative to the first quarter of this year, the prices for single family homes are up +1.2% whereas attached homes are up +6.3%. For more complete data on the market trends go to www.TheJoysOfRealEstate.com and look under “Market Trends”.

The year to year seasonal trend in home sales in San Diego County can be observed in the chart to the right. Home sales are down compared to the second quarter of last year by -5% for single family homes and -13% for attached homes. For this year second quarter sales are up approximately 30% compared to the first quarter which is a normal seasonal trend.

Distressed sales in the second quarter were reduced to 47%, with 24% short sales and 23% foreclosures, compared to 54% in the first quarter which is a good sign. However, these distressed sales are at about the same level as they were a year ago and we are all wondering when they will go away. It looks like it will be sometime before they decline. A look at the home pricing forecast in the next chart might give us a hint.

The US Housing Price Forecast by a group of 108 diverse experts in real estate is shown on the chart to the right. It indicates a -3.52% decline this year followed by positive increases the next 4 years. It looks like the end of the second dip in home prices is this year or early next year where we should reach the bottom. With the home prices at or near the bottom and interest rates still less than 5% indicates this is the greatest buying opportunity in many years.

Red: Detached(Single Family), Blue: Attached

Red: Short Sales, Blue: Foreclosures
Source: Sandicor Multiple Listing Service

Source: MicroMarkets LLC

For the Latest Real Estate News:

http://www.TheJoysOfRealEstateBlog.com
Or visit our website at:
http://www.TheJoysOfRealEstate.com

Email us at:
TheJoys@TheJoysOfRealEstate.com
Connie: (858) 472-3888
Richard: (858) 472-3887

Market Update for June

The Joys of Real Estate — Tue, 21 Jun 2011 15:12:22 -0700

San Diego County
Market Update

June 2011

The average sales price of homes appears fairly stable over the year, but that does not give the full picture. If you examine the chart at the bottom it is apparent that the price per square foot has fallen over the last year which means that for a given size home the price has declined. It has declined about -4% for single family homes and -7% for attached homes. Remember, this is an average for San Diego County and every area responds differently.

Home sales have declined this month by -14% for single family homes and -20% for attached homes relative to this time last year. There were still 2,814 homes sold in May with 24% sold as short sales and 23% as foreclosures.

Homes are selling as it is a buyer’s market with incredible prices and the average 30-year fixed interest rate is now 4.51%. It is actually less costly per month to buy a home than rent it and that does not include the additional savings from tax deductions for income and property taxes.

If you would like more information on possible savings in owning a home please give us a call or send us an email.

Thank you for your referrals as that accounts for 90% of our business of creating delighted home buyers and sellers

Red: Detached(Single Family), Blue: Attached

Source: Sandicor Multiple Listing Service

For the Latest Real Estate News:

http://www.TheJoysOfRealEstateBlog.com
Or visit our website at:
http://www.TheJoysOfRealEstate.com

Email us at:
TheJoys@TheJoysOfRealEstate.com
Connie: (858) 472-3888
Richard: (858) 472-3887

17185 Woodson View Dr, Ramona, CA

The Joys of Real Estate — Sun, 05 Jun 2011 07:42:07 -0700

I just finished uploading this House for sale, 17185 Woodson View Dr, Ramona, CA

Rare one story residence in the exclusive gated community surrounding the Mt. Woodson Golf course. Beautiful sandstone & hand scraped maple wood flooring, formal living and dining room, & office with built in cabinetry. Eat in kitchen has granite counters, stainless steel appliances, twin ovens, gas cook top, & wine refrigerator. Fireplace in the Family Room. Panoramic mountain views & hot tub! Spacious Master Bedroom Suite complete with a walk in closet, large soaking tub, separate shower, and twin sinks.

San Diego Market Update for May

The Joys of Real Estate — Thu, 19 May 2011 07:08:03 -0700

San Diego County
Market Update

May 2011

The average sales price of homes did not change appreciably last month. However, attached homes prices declined -4.6% compared to this time last year while single family home prices were unchanged. This data is somewhat misleading as we mentioned last month, the price per square foot for all homes has decreased -6% over the last year.

Home sales have increased to a total for the month of 2,872 sales which is the same level as the month of April last year. Homes are selling as it is a buyer’s market with incredible prices and interest rates below 5%. The most affordable market in 40 years.

Distressed property sales accounted for 48% of the home sales last month. This is a welcomed decline from the first quarter numbers of 54%. Short sales were 25% of all sales whereas foreclosures accounted for 23%. This is more in line with what was observed last year.

If you would like more information on other areas or would just like to comment on this information please send us an email of give us a call.

Thank you for your referrals as that accounts for 90% of our business of creating delighted home buyers and sellers.

Red: Detached(Single Family), Blue: Attached

Source: Sandicor Multiple Listing Service

For the Latest Real Estate News:

http://www.TheJoysOfRealEstateBlog.com
Or visit our website at:
http://www.TheJoysOfRealEstate.com

Email us at:
TheJoys@TheJoysOfRealEstate.com
Connie: (858) 472-3888
Richard: (858) 472-3887