Great things are happening in San Diego area Real Estate.
Check out my July Newsletter and San Diego Area Real Estate Report.
Inside This Issue…
Real Estate Report…Pres Obama buys in Rancho?
Can A Sugar Detox Prevent A Heart Attack?…
Slow Internet? Speed It Up With 4 Quick & Easy Tips…
Fun Facts and Laughs: Free Internet Radio Websites, Sleep Positions To Feel Better, And More…
Trivia Challenge: Win $10 Starbucks Card
Real Estate Q&A: What Factors Affect The Value Of My Home When I Sell It?…
San Diego Area Real Estate Report:
Prices rise. Affordability decreases.
SD County has a 27 Month trend of Year over Year price increases!
Housing seemed to have a slow start to the spring selling season, but appearances
deceive. Dig into that spring soil and you begin to unearth differences in individual
areas and market segments. Inventory is slowly rising in some areas. Activity is picking
up in the upper price tiers. Rents continue to climb in most areas and interest rates
are generally lower than a year ago, to the surprise of some and the delight of others.
New Listings increased 1.2 percent to 4,733. Pending Sales were down 5.2 percent to
3,149. Inventory levels shrank 1.0 percent to 8,953 units.
Prices forged onward. The Median Sales Price increased 10.7 percent to $465,000 which was $20K higher than May, 2014.
Days on Market was down 9.3 percent to 39 days. Absorption rates slowed as Months
Supply of Inventory was up to 3.1 months. That is still a low supply because a balanced buyer/seller market is a 5 to 6 month supply.
To read the whole newsletter visit: http://hosted.vresp.com/275514/97a811e8d2/1778582829/cf10613555/.
Don’t forget to call me for all your San Diego Area Real Estate needs.
This information is brought to you by:
Dennis Smith, ABR, SRES, e-PRO, CDPE, Realtor® CalBRE# 00476662
Certified Distressed Property Agent
Sunshine Smith, SFR, Realtor® CalBRE# 01249837
Short Sale, Foreclosure Resource Certified
760-436-0087 or cell at 760-212-8225
Providing quality Real Estate services in the North Coastal San Diego area including Del Mar, Solana Beach, Rancho Santa Fe, Cardiff by the Sea, Encinitas, Leucadia, Olivenhain, Carlsbad, La Costa, Aviara, Oceanside, Vista, San Marcos, San Elijo Hills, Escondido; all San Diego County.