realtor Archives - Page 2 of 3 - Ryan Blanco | San Diego Real Estate Agent

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April 3rd, 2014

3 Comments »

Central San Diego Housing Market Update-March 2014

The spring buying season is here in the San Diego housing market. With sales and price per square foot rising compared to the previous month. This is a normal pattern for this time of year. Homes are continuing to sell at a fairly brisk rate, meaning buyers don’t have long to act on a property they love.

Interest rates have started to slowly creep up near the 4.5% level. They are currently at 4.45%. Inventory levels (the number of homes on the market “actively” for sale) is continuing to stay ab san diego housing market update ove the 6000 level for San Diego county. Finally, prices are starting to take on a more seasonal pattern, with much more modest changes than the previous year.

To get the latest figures, I ran an analysis of home figures from the MLS for the central San Diego region (a 7 mile radius). This includes communities such as Mission Valley, Serra Mesa, University Heights, Normal Heights, Hillcrest, Mission Hills, Bay Park, and Clairemont. The numbers include both condo/townhomes as well as single-family homes.

Housing Figures-Central San Diego

Date	# of Sales	Median Sale Price	Med Price/Square Ft.	Ave Days on Market
March 2014	589	$481K	$377	17
February 2014	464	$437K	$365	23
March 2013	770	$422K	$331	15

There are currently 6400 active listings in San Diego county, up from 6200 last month. That number should continue rise in the coming months and more people put their homes up for sale.

For more information on this topic:

619.384.2248

Ryan@RyanYourRealtor.com

Visit my Website: http://ryanyourrealtor.com

March 4th, 2014

2 Comments »

Central San Diego Market Update-February 2014

We have continued stability in the San Diego housing market. With sales, days on market, and price per square foot level out compared to the previous month. However, homes are continuing to sell at a fairly brisk rate, meaning buyers don’t have long to act on a property they love. With this more “normal” pattern, interest rates have actually been taking a slow dip over the last few weeks. They are currently at 4.32%. Inventory levels (the number of homes on the market “actively” for sale) is continuing bounce around the 6000 level for San Diego county. Finally, prices are starting to take on a more seasonal pattern, with much more modest changes than the previous year. To get the latest figures, I ran an analysis of home figures from the MLS for the central San Diego region (a 7 mile radius). This includes communities such as Mission Valley, Serra Mesa, University Heights, Normal Heights, Hillcrest, Mission Hills, Bay Park, and Clairemont. The numbers include both condo/townhomes as well as single-family homes. Housing Figures-Central San Diego

Date	# of Sales	Median Sale Price	Med Price/Square Ft.	Ave Days on Market
February 2014	464	$437K	$365	23
January 2014	463	$450K	$370	30
February 2013	554	$401	$327	20

There are currently 6200 active listings in San Diego county, up from 6100 last month. That number should continue rise in the coming months as the spring selling season approaches and more people put their homes up for sale. For more information on this topic:

619.384.2248

Ryan@RyanYourRealtor.com

Visit my Website: http://ryanyourrealtor.com

January 7th, 2014

Home Buyers, Home Sellers

2 Comments »

Central San Diego Housing Update-December 2013

With the year drawing to a close, the San Diego housing market finished with a slight “jolt.” We saw increases in both prices and sales compared to the month of November. However, homes are starting to sit on the market a bit longer, since the bidding wars from desperate home buyers has settled down. The skyrocketing home prices seen for over a year have finally stabilized a bit into a more “normal” pattern.

With this more “normal” pattern, interest rates have held pretty steady over the past few months. They have been hovering close to the 4.5% level for some time now. Inventory levels (the number of homes on the market “actively” for sale) is continuing to stay around the 6000 level for San Diego county. Finally, prices are starting to take on a more seasonal pattern, with much more modest changes than the previous year.

To get the latest figures, I ran an analysis of home figures from the MLS for the central San Diego region. This includes communities such as Mission Valley, Serra Mesa, University Heights, Normal Heights, Hillcrest, Mission Hills, Bay Park, and Clairemont. The numbers include both condo/townhomes as well as single-family homes.

Housing Figures-Central San Diego

Date	# of Sales	Median Sale Price	Med Price/Square Ft.	Ave Days on Market
December 2013	194	$433K	$340	25
November 2013	169	$407K	$334	22
December 2012	229	$390K	$303	30

There are currently 5700 active listings in San Diego county, down from 6500 last month. That number should rise in the coming months as the spring buying season approaches and more people put their homes up for sale.

For more information on this topic:

619.384.2248

Ryan@RyanYourRealtor.com

Visit my Website: http://ryanyourrealtor.com

December 3rd, 2013

Home Buyers, Home Sellers

3 Comments »

Central San Diego Housing Market Update-November 2013

With the holidays upon us, the housing market has cooled down. Homes are starting to sit on the market longer. The skyrocketing home prices seen for over a year, through the summer, are no more. While the number of homes sold is dropping, the average sale price of San Diego homes has stabilized.

There are a number of factors at work right now slowing the housing market down a bit. These include rising interest rates (from 3.5% earlier this year to a current rate of 4.43%), housing inventory levels catching up with demand, and prices simply peaking (they can only go so far before many potential buyers get priced out of the market). It’s also simply a slower time of year for real estate sales.

To get the latest figures, I ran an analysis of home figures from the MLS for the central San Diego region. This includes communities such as Mission Valley, Serra Mesa, University Heights, Normal Heights, Hillcrest, Mission Hills, Bay Park, and Clairemont. The numbers include both condo/townhomes as well as single-family homes.

*Please note, I am now using MEDIAN figures instead of AVERAGE. I believe it will show a better representation of true housing trends.

Housing Figures-Central San Diego

Date	# of Sales	Median Sale Price	Med Price/Square Ft.	Ave Days on Market
November 2013	169	$407K	$334	22
October 2013	212	$399K	$344	17
November 2013	206	$372K	$297	28

There are currently 6500 active listings in San Diego county, down from 6600 last month.

For more information on this topic:

619.384.2248

Ryan@RyanYourRealtor.com

Visit my Website: http://ryanyourrealtor.com

November 4th, 2013

Home Buyers, Home Sellers

3 Comments »

Central San Diego Housing Market Update-October 2013

With fall setting in and the air getting cooler, the housing market prices have also cooled down. The skyrocketing home prices seen for over a year, through the summer, are no more. While the number of homes sold is staying stable, the average sale price of San Diego homes is dropping month-over-month.

There are a number of factors at work right now slowing the housing market down a bit. These include rising interest rates (from 3.5% earlier this year to a current rate of 4.25%), housing inventory levels catching up with demand, and prices simply peaking (they can only go so far before many potential buyers get priced out of the market).

To get the latest figures, I ran an analysis of home figures from the MLS for the central San Diego region. This includes communities such as Mission Valley, Serra Mesa, University Heights, Normal Heights, Hillcrest, Mission Hills, Bay Park, and Clairemont. The numbers include both condo/townhomes as well as single-family homes.

Housing Figures-Central San Diego

Date	# of Sales	Ave Sale Price	Ave Price/Square Ft.	Ave Days on Market
October 2013	212	$426K	$352	33
September 2013	208	$480K	$356	30
October 2012	231	$399K	$308	48

There are currently 6600 active listings in San Diego county, down from 7100 last month. Properties newly for sale also continued to sell very rapidly, with a mere 33 days on market.

For more information on this topic:

619.384.2248

Ryan@RyanYourRealtor.com

Visit my Website: http://ryanyourrealtor.com

October 4th, 2013

Home Buyers, Home Sellers

2 Comments »

Central San Diego Housing Market Update-September 2013

As the month of September drew to a close, It is still a strong sellers market, while buyers (including cash investors) continued bidding wars on listed properties. However, the skyrocketing home prices may be peaking, with the average sale price finally slipping over the previous month. Our 20% year-over-year price increase has been slipping closer to a 17% increase.

There are a number of factors at work right now slowing the housing market down a bit. These include rising interest rates (from 3.5% earlier this year to a current rate of 4.25%), housing inventory levels catching up with demand, and prices simply peaking (they can only go so far before many potential buyers get priced out of the market).

To get the latest figures, I ran an analysis of home figures from the MLS for the central San Diego region. This includes communities such as Mission Valley, Serra Mesa, University Heights, Normal Heights, Hillcrest, Mission Hills, Bay Park, and Clairemont. The numbers include both condo/townhomes as well as single-family homes.

Housing Figures-Central San Diego

Date	Number of Sales	Ave Sale Price	Ave Price/Square Ft.	Ave Days on Market
September 2013	208	$480K	$356	30
August 2013	224	$436K	$360	27
September 2012	193	$401K	$292	64

Prices continued to rise in San Diego (now 17% year-over-year), while inventory seems to finally be catching up with demand. There are currently 7100 active listings in San Diego county. There were nearly 6700 last month and only 4000 earlier this year. Properties newly for sale also continued to sell very rapidly, with a mere 30 days on market.

For more information on this topic:

619.384.2248

Ryan@RyanYourRealtor.com

Visit my Website: http://ryanyourrealtor.com

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"Ryan is the example of the Ideal realtor. We had had had some issues in our home search with two other realtors and from the moment we met Ryan ... more "

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