Median Sales Price for Homes and Condos in San Diego continues to steadily rise.  The chart below illustrates the historical median sales price by month, since May of 2012.  This information, provided by the greater association of Realtors, illustrates the gains our market has seen since the down turn in our marketplace.  It also illustrates the sudden rapid upturn in pricing we saw in 2013 as our market and economy improved.  2014 has seen more of a gentle or gradual increasing in pricing which is more in-line with long-term overall health.  2014 should finish strong for another healthy year for San Diego real estate.

My mom always said, you get what you pay for. It wasn’t until I was grown, long since left the nest, that I really understood what she meant. It is so easy to cut corners and so frustrating when you do to find more headaches, hassle and ultimately the additional money it can often costs. Nowhere is it more true than when you purchase a home. It is so important to have a solid experienced Realtor on your side. Not only will it save you time and money, but it will make the entire buying process a bit easier and actually, pleasant! Don’t take my word for it…the California Association of Realtors recently discovered that 88% of home buyers employed a Realtor to help them with the purchase of their home. And with it being free to you, the buyer, what are you waiting for? Give me a call today- I can help in your San Diego home purchase.

JUST LISTED- AMAZING OPPORTUNITY!

4 bedroom 3 Full bathroom Spring Valley Home with short distance to Sweetwater Reservoir!  Turn-key and upgrades galore.  Granite counter tops, stainless steel appliances, modern island with seating, freshly painted exterior, newer window treatments, first floor bedroom and full bathroom, central HVAC and so much more!

Stop by open house this Sunday from 12-3 PM for a first look!  Competitively priced….hurry!

The median price of single-family, re-sale homes reached $500,000 in July for the first time since November 2007. It stayed there in August.

After nineteen months of double-digit price gains, the median price has cooled off to single-digit gains the past five months.

Home sales dropped in August, year-over-year, for the thirteenth month in a row.

Pending sales jumped 17.5% year-over-year. That’s the second month in a row pending sales have been higher than the year before. Previously, pending sales had dropped for sixteen months.

Inventory continues to improve. It has been higher than the year before for the past eight months.  Currently there are 9,133 active single family homes for sale on the San Diego MLS.  This is up from the same time last year where we saw 6,980 homes for sale.  Condos in San Diego follow a similar trend.  There are 3,048 condos  for sale in San Diego.   This is also up compared to last year when we saw only 2, 332 for sale in San Diego.

The metro and “walkable” neighborhoods of San Diego continue to be highly desirable with well priced homes going into escrow in about 2 weeks of hitting the market.  Overall the next few months before the holiday season kicks in will be something to watch as we finish the year in San Diego’s real estate market, hopefully with a bang!

This beautiful 4 bedroom 3 bath modern marvel just closed escrow today in San Marcos for $615,000.  Having sold this home to my clients just several years ago, it was sad to see them move away.  

However, hopefully the new owner will have many wonderful years in their new home.  Silvercrest is a small gated community just off 76.  It features very spacious affordable homes, views, close proximity to Jack’s pond and walking distance to Cal State San Marcos and the Sprinter.  There are still a few more homes for sale in Silvercrest.   Call me today if you know someone who may be interested.

The chart below, provided by the San Diego Association of Realtors, illustrates closed escrows for the month of July throughout San Diego county, based on a rolling 12 month average.  What we see is a slight decrease in closed sales from the same time last year.  For single family homes in San Diego, there was a 13.2% slowdown over last year.  While condo sales fell less at 5.8%.  One of the largest drop in sales, for both single family homes as well as condos in San Diego, was in the $250,000 price point or less.  My guess for this fall in sales is simply a supply issue.  Since we continue to gain in value in San Diego and since distressed sales continue to remain thin, there simply is not as many condos and homes priced at or below $250,000 available for purchase.

On the other end of the spectrum, the price point which saw the biggest jump in closed sales was for million dollar homes and above.  Similarly with condos, we saw the largest gain in sales at the price point of $500,00 to $750,000.

If you have questions about what your home may be worth, give me a call today.  I promise everyone to always share my educated, honest advice.  I can provide you with accurate information you will need to make your decision of when is or is not a good time to sell your San Diego home!

Sellers often ask me, just how important are good school districts for resale value?  Well, the California Association of Realtors surveyed future home buyers and asked them just that.  Three out of five buyers said school boundary lines would be a factor in selecting their next home.  Take a look at just how important school attendance boundary lines are:

While certainly not every buyer considers schools important, it does however point values in a more upward trend in good neighborhoods with good schools.  If you would like to know just what your home would be worth, give me a call today to arrange for your free, in home consultation.  I’m here and happy to help provide you with an honest snapshot of your San Diego’s home value.

One of the biggest tips, and often overlooked tasks, to netting top dollar for your San Diego investment is to have inviting curb appeal.    People judge on what they see first- your home’s outer attributes, or curb appeal.  So, what can you do to improve your homes first impression?  The following tips will help get you started.