Market and Forecast Updates For San Diego
San Diego Real Estate August Market Report for Rancho Bernardo
September 20th, 2011 categories: Buying San Diego Real Estate, Investing in San Diego Real Estate, Local San Diego News You Can Use, Market and Forecast Updates For San Diego, San Diego Real Estate, San Diego Real Estate News, Selling San Diego Real Estate
San Diego Real Estate August Market Report for Rancho Bernardo
So How’s Your Market?
There is good news and bad news , which would you like first?
Here is the Good News.
* During the month of August, there are 263 Active Listings in RB ( Rancho Bernardo). The Average Price is $899,718 and the Median Price is $668,880. There were 53 Listings Pending Close of Escrow and 46 Sold Listings during the month. The Average Sold Listing was $694,993 and the median sold was $564,450.
A Recap of the Year to Date Sales shows we had 246 sold homes so far with the high selling price of $4,000000 and the low of $324,900. As you can see, we have a wide variety of single family homes ranging in size from 1200 sq ft to over 9,000.
On the Attached Home side of the housing market we have the following activity that took place in August. There are 58 Active Attached Listings through the end of August. The Average List price was $272,370 and the Median List Price was $278,000. There were 10 Listing Pending Close of Escrow ranging in price from $132,500 to $383,000. The 4 Attached Properties that Sold ranged from $145,000 to $499,876.
A Recap of the Year to Date Sales shows we had 138 Attached Homes Sales with a High Selling Price of $689,000 and a Low Selling Price of $125,000 for 540 sq ft. The Average Selling price was 261,249 for 1,163 sq ft and the Median Sales Price year to date was 234,950 for 1092 sq ft.
That was the Good News! Ready for the Bad News? Home prices are tending up and there is strong evidence that interest rates will likely be going up as well. Sitting and waiting for a better deal in Rancho Bernardo is not likely to happen so if you are considering a new Home or Condo, now is time to get in the market.
*Data obtained from Sandicor MLS and believed to be correct but not gauranteed.
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San Diego Home Sales Fall 25% October 2009 through October 2010
November 21st, 2010 categories: Buying San Diego Real Estate, Investing in San Diego Real Estate, Local San Diego News You Can Use, Market and Forecast Updates For San Diego, San Diego Real Estate, San Diego Real Estate News, Selling San Diego Real Estate
San Diego Home Sales Fall 25% October 2009 through October 2010
The October San Diego Housing Market report indicates that while the median sales prices for resales have increased slightly, the number of sales last month have dropped and over the last year they have done so rather significantly.
The year over year San Diego Median Home Prices changes from October 2009 through October 2010 suggest that there have been increases across the board in Single Family and Condominium resale prices and especially in new homes sale prices. The median prices increased 2.5% ( $369,000) for Single family homes, up 2.38% ( $215,000) for condominiums and a whopping 21.12 % ($486,000) for new homes. These combined gave the county a 2.92% ( $334,500) boost to the median price of all combined types of sales. Read the rest of this entry »
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San Diego Housing Market Has Been Steadily Improving-But Now It Is Slowing Down
July 17th, 2010 categories: Buying San Diego Real Estate, Investing in San Diego Real Estate, Local San Diego News You Can Use, Market and Forecast Updates For San Diego, San Diego Mortgage Banks and Loans Info, San Diego Real Estate, San Diego Real Estate News
San Diego Housing Market Has Been Steadily Improving-But Now It Is Slowing Down
Over the last 14 straight months, the San Diego Housing Market was improving. I reported so here on ActiveRain and on my Voice of San Diego Real Estate blog site with glee. So what is happening now? It would seem at first glance that the Federal Tax credit coupled along with state housing credits inspired most of the qualified buyers that were in the market to have already purchased leaving, us with a much smaller Buyer pool. And that doesn’t look to be increasing any time soon. Could that be a real possibility after having a steady increase in the improving numbers of home prices and sales? A possible cyclical change already?
According to Data Quick reporting, more money was spent last month on housing in Southern California in in the past 2 years. Home purchases are dropping significantly and with the historically low rates that haven’t been this low since the 1970’s, what could be going on? Read the rest of this entry »
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San Diego Home Prices Are Going Up!
May 11th, 2010 categories: Buying San Diego Real Estate, Local San Diego News You Can Use, Market and Forecast Updates For San Diego, San Diego Real Estate, San Diego Real Estate News, Selling San Diego Real Estate
San Diego Home Prices Leading the Nation in Home Price Increases.
According to Zillow, San Diego home prices year over year have increased 3.5 % and other reliable analysts agree that San Diego’s bottom was met and prices are on the rise and now lead the nation. Out of 27 major market areas, San Diego lead the way of the 6 top markets showing ayear over year increase in price followed by 4 other California markets.
Good news for Homeowners and for home ownership. It seems pretty clear that if prices are going to continue to rise, short of any great new economic downturn on the horizon, this is a very good time to buy with prices still low and interest rates still affordable. Single family homes are up on average 4.5 % over the past year and condominiums were 2.2 %.
Buyers that want to buy a home at the ground floor level would be well served now to get back into the market and make hay will sun shines, which it does most of the year here in San Diego. There are still some very good bargains out there but the inventory is low and hasn’t had much increase in inventory. Think in terms of supply and demand and take action now.
I would highly recommend San Diego Buyers to realize that the time is now if you still want in at the bottom.
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San Diego Treasure, The Rancho Bernardo Winery Arts and Crafts Fair
May 11th, 2009 categories: Local San Diego News You Can Use, Market and Forecast Updates For San Diego, San Diego Real Estate, William's Life in San Diego Musings
A San Diego Treasure, The Rancho Bernardo Winery. This past weekend I had the good fortune of attending the Bi-Annual Rancho Bernardo Winery Arts and Crafts Fair.
For those of you who live in San Diego that don’t know of this place, it is one of the oldest continually operating wineries in southern California. And for those who don’t live here, this needs to be on your itinerary the next time you visit.
The Rancho Bernardo Winery was founded back in 1889 on what was a Spanish Land Grant, the winery was opened and operated until Prohibition. The winery is located in a valley that used to be covered with vineyards and with the advent of Prohibition, the winery went up for sale. When it was purchased in 1927 by Vincent Rizzo, the harvest was then used to produce grape juice and sacramental wine. After Prohibition ended, the winery became a major wine producing company along with it’s famed Cold Pressed Virgin Olive oil made from the many olive trees that were found on the property.
As the valley began to grow and the land was purchased for residential development, the vineyards disappeared and today, the Rancho Bernardo Winery imports most of its wine making grapes from around the county and state. In 1962 when Ross Rizzo, the son of the founder took over the winery, he turned it into what it is today, a destination.
When you visit the Rancho Bernardo Winery, you will be overtaken with the vast amount of antiquities found everywhere on the property, even to include a museum. There are over a dozen village shops, a wine tasting room, a coffee shop, an award winning cafe and more charm than you can fit into an afternoon.
The Arts and Crafts Fair was filled to capacity with local artists showing their creations. I was taken with several of them for their unique design qualities as well as with the artist themselves.
Two artists that create these sculptures from gourds really caught my eye.
Ruth Phillips and Vickie Echols proudly display their creations. Each artist creates their unique pieces using the gourd as inspiration and from there, their artistry takes over and you can see here for yourself, each one is its own little unique masterpiece.
Ms. Vickie Echols (on the left) creates beautiful object d’arts using gourds as the core of the piece then enhanced with a woven reed type material. Many of her pieces have a distinct Southwestern influence. Each one is totally unique and a real stand out.
Ruth Phillips also uses gourds in her designs ( one of my favorites that first got my attention is the purple gourd pictured here) some of which also have the look of metal sculptures like her bird collection. Ruth’s Bird designs are made completely from gourds or cuttings from gourds finished in metallic finishes that would simulate aged and weathered bronze. These pieces are truly stunning! Both Vicki and Ruth will showing at the 13th Annual Gourd and Fiber Art Show May 17th through June 28th, 2009 at the Falbrook Art Center.
Another artist, Susan Smith, who I had the pleasure of visiting with is a world traveler and has her art studio in Spanish Village in Balboa Park. Susan uses computer software to create her work by enhancing her photography creating the affects of oil, acyclic and water colors. One of my favorite pieces that Susan has done is shown below titled “Vernazza II” ~ Cinque Terre. Her technique is called Fauxtography. A true Artist and a lovely person to boot. Susan can be reached at susankphotography@yahoo.com Read the rest of this entry »
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