Archive for June, 2016

Market Update | Still a Sellers’ Market

posted on June 23rd, 2016 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends At A Glance - June 2016Still a Sellers’ Market

The median price for single-family, re-sale homes in San Diego County continued rising in May. It has been higher than the year before for the past forty-eight months in a row.

After nineteen months of double-digit gains from mid-2012 to the first quarter of 2014, the gains have “only” been by single-digits.

The rise in prices is due to strong demand and weak supply. Inventory has been lower than the year before every month since August 2014.

Although, after two years of declining home sales, they are up 0.8% year-to-date.

MAY SALES STATISTICS

SINGLE-FAMILY HOMES

Year-Over-Year

  • Median home prices increased by 6.8% year-over-year to $550,000 from $515,000.
  • The average home sales price rose by 5.1% year-over-year to $707,942 from $673,679.
  • Home sales rose by 6.1% year-over-year to 2,418 from 2,279.
  • Total inventory* fell 4.2% year-over-year to 8,839 from 9,228.
  • Sales price vs. list price ratio rose by 0.3% year-over-year to 98.4% from 98.1%.
  • The average days on market fell by 14.2% year-over-year to 36 from 42.

Month-Over-Month

  • Median home prices improved by 0.9% to $550,000 from $545,000.
  • The average home sales price rose by 1.9% to $707,942 from $695,016.
  • Home sales up by 4.9% to 2,418 from 2,306.
  • Total inventory* increased 2.3% to 8,839 from 8,640.
  • Sales price vs. list price ratio dropped by 0.0% to 98.4% from 98.4%.
  • The average days on market dropped by 2% to 36 from 37.

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posted by Jeff DeChamplain // Leave A Comment

Immaculate Santa Fe Hills Home

posted on June 10th, 2016 | filed under: Uncategorized

 

3_8257673_74076_EA-74076-103

Completely updated kitchen w/ Granite countertops, Travertine backsplash and custom cabinetry, walk-in pantry, under & over counter lighting. Top-of-the-line appliances. New carpet with upgraded padding in 2 bedrooms and formal area.  Inviting yard space for entertaining family & friends, new brick patio seating area with stone retaining wall, Hot Tub & Gazebo with ambient lighting and built in BBQ Island. Enjoy great schools and many nearby community amenities with NO HOA!

Offered at $589,000   |   More Info & Photos

posted by Jeff DeChamplain // Leave A Comment

Jeff DeChamplain