Still Some Upward Pressure on San Diego Home Prices

Home prices typically soften slightly in Autumn compared to the rest of the year.  Not the case this year as the median price of all homes sold in San Diego County rose to $475,000 last month, up from $463,000 in October.   For the first 9 days of December the median rose to $478,000.  This signals that there will probably be some upward pressure on prices for the next few months at least.

Compared with last year, prices are up 9%.  The median price in November 2014 was $435,000. 

Mortgage rates for a 30-year fixed loan for a borrower with good credit are still very low -- currently around 3.97%.  The Fed has indicated it will raise short-term interest rates in the near future.  However, this may not affect long-term mortgage rates significantly.

If you're looking to make a move, now may be a good time.  Sellers may wish to take advantage of higher prices and the greater purchasing power that buyers have due to low interest rates.  Buyers may wish to lock in lower interest rates before they go up again.

Let me know if I can provide a list of recent comps in your neighborhood, or a list of homes for sale in the areas where you may be interested in buying. 

Kimball Vincent
San Diego Gay Realtor

San Diego Home Prices Hold Steady

Since April the median price of all homes sold in San Diego County has ranged from $460,000 to $480,000.  For the most recent month of September the median was $465,000.  For the first 13 days of October the median price was $468,000. 

Compared with last year, prices are up 3%.  The median price in September 2014 was $450,000. 

Mortgage rates for a 30-year fixed loan for a borrower with good credit are still very low -- currently around 3.88%. 

If you're looking to make a move, now may be a good time.  Sellers may wish to take advantage of higher prices and the greater purchasing power that buyers have due to low interest rates.  Buyers may wish to lock in lower interest rates before they go up again.

Let me know if I can provide a list of recent comps in your neighborhood, or a list of homes for sale in the areas where you may be interested in buying.

Kimball Vincent
San Diego Gay Realtor
 

San Diego Home Prices Level Off

After posting increases over the last few months, the median price of homes sold in San Diego County leveled off in July.  The median price in April was $460,000.  May rose to $470,000.  June increased to $480,000.  There was no increase for July however as the median price remained at $480,000.

Compared with last year, prices are up 7%.  The median price in July 2014 was $450,000.

Mortgage rates for a 30-year fixed loan for a borrower with good credit are still very low -- currently around 3.85%.

If you're looking to make a move, now may be a good time.  Sellers may wish to take advantage of higher prices and the greater purchasing power that buyers have due to low interest rates.  Buyers may wish to lock in lower interest rates before they go up again.

Let me know if I can provide a list of recent comps in your neighborhood, or a list of homes for sale in the areas where you may be interested in buying.

Kimball Vincent
San Diego Gay Realtor

San Diego Home Prices Increase

The median price of homes sold in San Diego County for both March and April 2015 was $460,000, up from February's median of $445,000.  However, for the first 2 weeks of May 2015 the median price has risen to $472,000.   

Prices are also up 5% over last year.  The median price in April 2014 was $438,000. 

Mortgage rates for a 30-year fixed loan for a borrower with good credit are still very low -- currently around 3.9%. 

If you're looking to make a move, now may be a good time.  Sellers may wish to take advantage of higher prices and the greater purchasing power that buyers have due to low interest rates.  Buyers may wish to lock in lower interest rates before they go up again.

Let me know if I can provide a list of recent comps in your neighborhood, or a list of homes for sale in the areas where you may be interested in buying.

Kimball Vincent
San Diego Gay Realtor

San Diego Home Prices on the Rise Again

The median price of homes sold in San Diego County for both January and February was $445,000.  However for the first 2 weeks of March the median price has risen to $460,000.  This could be evidence of more upward pressure on prices.

Prices are also up 6% over last year.  The median price in March 2014 was $433,000.  

Contributing to the price increase is the low number of homes for sale.  Currently we have about 2.5 months of inventory for sale.  In the past San Diego home inventory has been as high as 6 months.

Mortgage rates for a 30-year fixed loan for a borrower with good credit are currently around 3.9%. 

If you're looking to make a move, now may be a good time.  Let me know if I can provide a list of recent comps in your neighborhood, or a list of homes for sale in the areas where you may be interested in buying.

San Diego Home Prices Hold Steady, Interest Rates Down

Since last July, the median price of homes sold in San Diego County has been holding steady at around $450,000.  The median for January 2015 was $449,000.  Prices are still up 9.7% over a year ago however.  The median price in January 2014 was $409,000. 

Mortgage rates for a 30-year fixed loan for a borrower with good credit have dropped to 3.9% compared to 4.2% a year ago.

If you're looking to make a move, now may be a good time.  Sellers may wish to take advantage of higher prices.  Buyers may wish to capitalize on the lower interest rates that have dropped over the past few months.

Let me know if I can provide a list of recent comps in your neighborhood, or a list of homes for sale in the areas where you may be interested in buying.

Kimball Vincent
San Diego Gay Realtor

San Diego Home Prices Unchanged

The median price of all homes sold in San Diego County last month was unchanged from the previous month.  The median for December was $440,000, the same as November.  Prices are still up 5% over a year ago however.  The median price in December 2013 was $420,000. 

Mortgage rates for a 30-year fixed loan for a borrower with good credit have dropped to 3.9% compared to 4.4% a year ago.

If you're looking to make a move, now may be a good time.  Sellers may wish to take advantage of higher prices.  Buyers may wish to capitalize on lower interest rates that have dropped significantly over the past few months.

Let me know if I can provide a list of recent comps in your neighborhood, or a list of homes for sale in the areas where you may be interested in buying.