Welcome to the DevoreRealtyGroup.com Blog

2012-07-11 08:27:13
Prices up, sales up BIG

Prices up for the quarter, sales up BIG for the year

 

Two sets of real estate data were just released and reported on in the San Diego Daily Transcript:

Home prices up

San Diego saw a quarter-over-quarter increase in home prices to the tune of 2.4% and a year-over-year gain of 1.1%.  This is according to Clear Capital’s Home Data Index Market Report.  The nation as a whole also enjoyed price increases with the West leading the way.  The report also indicated that we should enjoy a 2.6% increase in San Diego for the rest of 2012.

Sales up big over last year

According to figures released by the San Diego Association of Realtors, the number of sold listings leveled off in June but were up big from a year ago.  There were 1,287 detached homes sold in June, down 0.5% from May but up a whopping 21.2% from June 2011.

There were 928 attached homes sold in June, down 0.5% from May and up 3.2% from June 2011The same SDAR report said that year-to-date median prices are up about 1.6% from 2011.

In summary, all of the empirical evidence we have been witnessing in the marketplace (multiple offers on well-priced homes, appraisals coming in stronger than before) is translating into real data.  All of this is leading up to the elections in November and it will be interesting to see how the candidates spin the numbers to their advantage.

###

Bryan & Allison Devore

Prudential California Realty

(760) 908-3838

North San Diego County and Carlsbad Real Estate 

 

              • Search for your next home on our website
              • Learn more about Rancho Carrillo in Carlsbad, CA
              • Like” our Facebook page
              • Follow us on Twitter
              • View our listings on YouTube

 

 

 
Blog Archive
2018-11-13 08:33:28
Economists weigh in on the real estate market

2018-10-28 07:52:37
Why waiting to buy can hurt your retirement

2018-10-21 07:41:53
The number one reason for mortgage declines

2018-10-06 07:16:58
The holidays may decide the fate of the housing market

2018-09-01 08:26:06
What will affect home values?

2018-08-18 05:54:04
Housing tipping to buyer's market

2018-08-18 05:48:22
Why Prop 5 restores fairness to tax system

2018-07-17 07:01:00
Is a 'Generational Housing Bubble' Taking Shape?

2018-06-08 06:17:19
How high will home prices go?

2018-03-08 05:34:07
Are Homes More Affordable Than We Thought?

2018-01-11 19:28:02
What home sellers can expect in 2018

2017-12-29 20:54:32
Most say tax law will change their plans to buy a home

2017-12-27 13:58:35
SD home prices rising at third-highest rate in nation

2017-12-22 08:07:11
5 Changes Under the New Tax Law

2017-12-15 06:41:40
No Housing Bubble...Yet

2017-11-03 06:56:40
San Diego home price increases outpace nation

2017-10-13 06:39:37
Homebuyers rush to riskier mortgages

2017-09-29 06:25:25
Why It's a Better Time for Buyers on a Budget to Purchase a Home

2017-09-03 11:28:07
My newfound purpose

2017-07-09 12:31:06
Is it time to sell, San Diego?

2017-07-04 07:59:54
The American Dream

2017-04-21 06:42:10
Why are renters staying put?

2017-04-20 06:49:29
Homeowner Value Estimates vs. Appraisals

2017-04-09 07:26:48
San Diego 8th Hottest Real Estate Market

2017-04-03 13:29:11
8 Questions to Ask When Deciding to Rent or Buy

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.