Explore the latest industry trends, issues and market predictions. Contact us at firstname.lastname@example.org to get more involved.
|< previous||1 2 3 . . . 23 24||more stories >|
After 11 years in real estate in the Escondido area, Jeff Erwin has a good idea of what homebuyers want.
Even though it's only been here a little over two years, HomeSmart Realty West has found a home in San Diego County.
Low housing inventory is a challenge for most San Diego County real estate firms. But it's a different story just south of the border.
Anyone who thinks the south San Diego County real estate market is sluggish hasn't met Patti McKelvey. She's the perpetual-motion agent who has reigned as the top producer at McMillin Realty in Chula Vista since a year after joining the firm in 1987.
The countywide vacancy rate for rental units has dropped to 2.8 percent, down from 4.5 percent a year ago, according to the San Diego County Apartment Association’s (SDCAA) latest analysis.
The number of active listings in San Diego County on the Multiple Listing Service surpassed 7,000 for the first time in two years last month, and the median price of a resold single-family home reached $500,000 for the first time since 2007.
Sales of both single-family detached (SFD) and single-family attached (SFA) homes in San Diego County were markedly up in April from March. The HomeDex report from the North San Diego County Association of Realtors showed the number of SFD homes sold in San Diego County increased 13.01 percent in April from March, and the number of SFA homes sold countywide increased 24.68 percent.
The North County coast is returning to a more traditional market, reflecting a change that’s occurring in much of San Diego County, said Garrett Lund, broker for The Lund Team Inc.
Home sales in San Diego County increased in April from March, but were down 5 percent from April 2013, according to the Greater San Diego Association of Realtors (SDAR).
Luxury home buyers in California preferred hilltop homes over ocean-front properties by a margin of four to one, according to the California Associations of Realtors’ “2013 Luxury Real Estate Consumer Survey.”
About one-third (33.3 percent) of all California residential property sales in the first quarter were all cash purchases, up from 29.3 percent in the fourth quarter of 2013 and up from 20.3 percent in the first quarter of 2013, according to RealtyTrac’s Q1 2014 U.S. Institutional Investor & Cash Sales Report.
San Diego County’s new-home prices are escalating faster than in the resale marketplace, causing a slowdown in new homes, said Russ Valone, president and CEO of MarketPointe Realty Advisors.
|< previous||1 2 3 . . . 23 24||more stories >|
Lack of inventory isn’t the only factor keeping move-up and first-time buyers from entering the housing market — but the math behind their reasoning might not be in their interest.
“Optimism” was the byword of a residential real estate roundtable discussion sponsored by the Greater San Diego Association of Realtors last week at The Daily Transcript offices.
Local real estate professionals took a look back on 2013 while predicting what’s to come in 2014 at a recent roundtable discussion hosted by The Daily Transcript. The biggest change for buyers and sellers in 2014 will be the absence of investors come spring, they said.
Land sales in San Diego’s unincorporated areas indicate a healthy market, while a paradigm shift is causing high-end La Jolla homes to sit on the market.
Low housing inventory seems to be dictating other trends in the market: competition, prices and pocket listings.
The housing market took a turn six months ago with increased demand leading to higher prices and competition for inventory, according to a group of real estate professionals at a roundtable discussion hosted by The Daily Transcript.
Whether it is military downsizing, sequestration or a “fiscal cliff” that is fast approaching, it is already having an impact on commercial real estate.
Underwater borrowers in San Diego County are contributing to pent-up demand resulting from a lack of inventory, which is causing multiple offers on homes and prices to increase slowly, according to local real estate experts at a roundtable discussion hosted by The Daily Transcript and sponsored by the San Diego Association of Realtors.
A limited inventory of houses means the San Diego real estate market can stand to absorb a possible influx of foreclosures, local experts said at recent roundtable discussion at The Daily Transcript sponsored by the San Diego Association of Realtors and North Island Credit Union.
Experts in the residential real estate industry seem to be more upbeat than they were a year ago, but distressed sales and foreclosures continue to drag on the market.
Realtor Ghassan Aboukhater knows how to treat his high-end customers right. The Lebanese native grew up in the hotel business, worked for two Swiss banks, knows several dozen millionaires and billionaires, and speaks French and Arabic.
The current commercial real estate boom has meant good times for builders, developers, buyers and tenants. And lenders are prospering from the turnaround as well. One of the local lenders that has been a consistent supplier of financing is the real estate department of Torrey Pines Bank, which funded $425 million in new loans last year, up from $412 the prior year.
Alex Rojas founded Shore Point Real Estate in February 2012. Opening his own office has allowed Rojas to give back to his Pacific Beach community.
One could say that Tim Wright, senior managing director of HFF in San Diego, has assimilated quite well since coming from the Midwest to Southern California in the late '70s and "feeling like a foreign exchange student" at the University of California, Santa Barbara.
Southern California life may be laid-back, but at the San Diego office of Cresa Corporate Real Estate, the 12 brokers don't do laid-back.
July 15, 2014 -- George Chamberlin and Leslie Kilpatrick, president of the Greater San Diego Association of Realtors, discuss recent monthly increases in the number of sold listings and median prices of homes in San Diego County, and also the SDAR's efforts to inform buyers and renters about fraud in the industry.
June 26, 2104 -- George Chamberlin speaks with Leslie Kilpatrick, president of the Greater San Diego Association of Realtors, and Donald Coleman, vice president of real estate member experience for USE Credit Union, about what's happening in the residential real estate market and the role a credit union can play in buying a home.