Great Things Are Happening in
San Diego Area Real Estate.
Check out my November Newsletter and
San Diego Area Real Estate Report.
Real Estate Report…
Prices Rise Year over Year by 9.4%.
Prices up 1% Month over Month
SD County has a 32 Month trend of Year over Year price increases!
Even while the pace of home price acceleration normalizes, housing has shown recent signs of ongoing strength. Both housing starts and future building permits are on the rise nationally. Inventory levels are increasing in most metro areas, driven higher by rising prices and more confident sellers. Homes are still selling quickly and for close to or even above list price.
In San Diego County,
New Listings increased 1.7 percent to 4,081.
Pending Sales were up 6.6 percent to 3,066.
Inventory levels shrank 7.6 percent to 8,954 units.
Only 128 foreclosures and 299 Short Sales available.
Prices continued to gain traction.
The Median Sales Price increased 9.4 percent to $454,000.
Days on Market was down 2.2 percent to 44 days.
Months Supply of Inventory remained flat at 3.2 months.
Interest rates remain attractive, even as Federal Reserve banter is finally hinting that quantitative easing is reaching its fateful conclusion. Capital markets have exhibited some volatility, but ultimately it’s all about earnings and growth, and corporate
earnings have been encouraging
Call or text me if it is time for you , a friend or family to buy or sell a property.
I am here for you.
For the full version of this newsletter, click the following link to
view this e-mail in your Internet browser: http://hosted.vresp.com/275514/925b3c794d/1778586297/cf10613555/