January 2019 Real Estate Market in Review

January San Diego real estate market in review: As of January 2019, the median detached home in San Diego County sold for $647,500 up 6.1% from the previous year.

As of  January 2019, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $421,000, up 5.0% from last year.

The average detached home in San Diego spent 34 days on the market.

Condos, twinhomes, and townhomes in San Diego spent an average of 28 days on the market.

As of January 2019, the average seller of a detached home in San Diego County receives 97.3% of the original list price at the close of the sale.

As of January 2019, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.0% of the original list price.

The inventory of homes in San Diego County is still very low.

The supply of attached properties is also quite low.

Are you interested in seeing this breakdown for your San Diego community or zip-code? Let us know!

December 2018 Real Estate Market in Review

December San Diego real estate market in review: As of December 2018, the median detached home in San Diego County sold for $645,000 up 5.7% from the previous year.

As of  December 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $420,000, up 5.0% from last year.

The average detached home in San Diego spent 33 days on the market.

Condos, twinhomes, and townhomes in San Diego spent an average of 28 days on the market.

As of December 2018, the average seller of a detached home in San Diego County receives 97.4% of the original list price at the close of the sale.

As of December 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.1% of the original list price.

The inventory of homes in San Diego County is still very low.

The supply of attached properties is also quite low.

Are you interested in seeing this breakdown for your San Diego community or zip-code? Let us know!

November 2018 Real Estate Market in Review

November San Diego real estate market in review: As of November 2018, the median detached home in San Diego County sold for $645,000 up 6.6% from the previous year.

As of  November 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $420,000, up 5.3% from last year.

The average detached home in San Diego spent 33 days on the market.

Condos, twinhomes, and townhomes in San Diego spent an average of 27 days on the market.

As of November 2018, the average seller of a detached home in San Diego County receives 97.4% of the original list price at the close of the sale.

As of November 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.2% of the original list price.

The inventory of homes in San Diego County is still very low.

The supply of attached properties is also quite low.

Are you interested in seeing this breakdown for your San Diego community or zip-code? Let us know!

October 2018 Real Estate Market in Review

October San Diego real estate market in review: As of October 2018, the median detached home in San Diego County sold for $642,000 up 7.0% from the previous year.

As of  October 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $420,000, up 6.3% from last year.

The average detached home in San Diego spent 33 days on the market.

Condos, twinhomes, and townhomes in San Diego spent an average of 27 days on the market.

As of October 2018, the average seller of a detached home in San Diego County receives 97.5% of the original list price at the close of the sale.

As of October 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.3% of the original list price.

The inventory of homes in San Diego County is still very low.

The supply of attached properties is also quite low.

Are you interested in seeing this breakdown for your San Diego community or zip-code? Let us know!

September 2018 Real Estate Market in Review

September’s San Diego real estate market in review: As of September 2018, the median detached home in San Diego County sold for $634,250 up 7.5% from the previous year.

As of  September 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $417,000, up 6.9% from last year.

 

The average detached home in San Diego spent 34 days on the market.

 

Condos, twinhomes, and townhomes in San Diego spent an average of 28 days on the market.

 

As of September 2018, the average seller of a detached home in San Diego County receives 97.5% of the original list price at the close of the sale.

As of September 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.3% of the original list price.

The inventory of homes in San Diego County is still very low.

The supply of attached properties is also quite low.

Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!

August 2018 Real Estate Market in Review

August’s San Diego real estate market in review: As of August 2018, the median detached home in San Diego County sold for $637,850 up 7.1% from the previous year.

As of  August 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $417,000, up 7.1% from last year.

The average detached home in San Diego spent 32 days on the market.

Condos, twinhomes, and townhomes in San Diego spent an average of 27 days on the market.

As of August 2018, the average seller of a detached home in San Diego County receives 97.5% of the original list price at the close of the sale.

As of August 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.4% of the original list price.

The inventory of homes in San Diego County is still very low.

The supply of attached properties is also quite low.

Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!

Could You Use a Detached Living Space?

Today’s homeowners and homebuyers love detached living spaces. The benefits of a small stand-alone structure on the property includes added room for storage and recreation for extra income.

Detached living spaces are easy and affordable to design and install.  The additional space can deliver a great return on investment and can also be used in a wide variety of ways including:

Private Rental Space: You can offer the unit on a vacation rental site or lease it to a full-time tenant to bring in some extra income year-round.

Individual Living Quarters: These separate units are perfect for multigenerational families. They can be used by college kids home for summer or elderly parents who need assistance but want privacy. They’re also ideal guest rooms for family and friends coming to visit.

Quiet Home Office: Private, quiet and separated from all the hustle and bustle of the main house, detached units make highly functional home offices for the self-employed entrepreneur or side hustler.

Creative or Leisure Room: Need somewhere to escape and relax? These units are your solution. Personalize them with an art studio, a cozy reading nook, a yoga space or whatever else helps you wind down.

Fun Kids’ Playroom: Give the kids a space of their own with a toy-filled playroom in the backyard. They’re perfect for late-night slumber parties and playing video games with friends.

If you’re interested in building a detached living space on your property, contact us today for recommendations for local contractors and designers. Remember to also look into any municipal or HOA restrictions, as you may need permits before starting your build-out.

Want to learn more about the market’s latest real estate trends and how your house compares? Get in touch today.

 

Urban San Diego Condos

For many, an urban lifestyle is very appealing. In a city like San Diego, you can live  Quick access to the trendiest restaurants and bars, shorter commute to work, and the overwhelming excitement that an urban city has to offer. Here’s what to look for if purchasing a condo is in your future!

Amenities:

A  perk of owning a condo  is that the community often offers amenities that may be out of reach for most people. Look for a condo that offers residents a pool or fitness center to get the most out of your purchase!

Maintenance: 

While living in a condo, other people handle the maintenance for you. This is great news for anyone who works, travels, or just doesn’t feel like dealing with the work.

Homeowners Association Fees:

HOA fees vary widely depending on location and the quality of your condo. These fees cover the costs of amenities such as a gym, pool, and maintenance, as well as upkeep of the property.

Privacy:

A big benefit of owning a home is the privacy it gives you to do what you please. Some condominiums lack privacy due to the fact that walls, parking, and other common areas are shared with your neighbors. Consider factors such as noise and the number of residents in your building  to ensure peace and quiet around you.

Parking:

Most condo complexes offer residents at least 1 or 2 parking spaces, but it is important to consider your social life. Explore the area surrounding your complex so you can get a good idea if your friends and family will have easy access to on-street or off-street parking.

Commuting:

Living in an urban city can be a huge time saver on your commute to work. If you work downtown, there is the option of walking, or taking public transit. If you work in the suburbs, the odds are high that you will reach your destination quickly due to “reverse commute.”

 

 

 

July 2018 Real Estate Market in Review

July’s San Diego real estate market in review: As of July 2018, the median detached home in San Diego County sold for $625,850 up 7.8% from the previous year.

As of  July 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $415,000, up 6.4% from last year.

The average detached home in San Diego spent 32 days on the market.

Condos, twinhomes, and townhomes in San Diego spent an average of 26 days on the market.

As of July 2018, the average seller of a detached home in San Diego County receives 97.6% of the original list price at the close of the sale.

As of July 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.5% of the original list price.

The inventory of homes in San Diego County is still very low.

The supply of attached properties is also quite low.

Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!

June 2018 Real Estate Market in Review

June’s San Diego real estate market in review: As of June 2018, the median detached home in San Diego County sold for $629,000 up 7.5% from the previous year.

As of  June 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $413,000, up 6.7% from last year.

The average detached home in San Diego spent 32 days on the market.

Condos, twinhomes, and townhomes in San Diego spent an average of 26 days on the market.

As of June 2018, the average seller of a detached home in San Diego County receives 97.6% of the original list price at the close of the sale.

As of June 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.5% of the original list price.

The inventory of homes in San Diego County is still very low.

The supply of attached properties is also quite low.

Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!