California Real Estate Blog
California Holds 70% of the Country’s Priciest ZIP Codes
Home prices across the country soared during the pandemic, but at the top of the market, California kept its crown as the priciest state in the nation — by far. A new study from PropertyShark found that California holds 89 of the 127 most expensive ZIP Codes in the country, or roughly 70%. The report, which measured [...]
San Diego Median Home Price Bounces Back to $740,000
San Diego County’s median home price increased to $740,000 in September as the number of homes for sale dropped and competition for properties heated up.Prices are up 13.8% in a year, said CoreLogic/DQNews. September’s numbers marked a change of pace after two months of declines, but the median price is still shy of its peak of $749,750 reached [...]
San Diego Home Price Drops for Second Month in a Row
San Diego’s median home price dropped for the second month in a row in August to $725,000 as competition slowed — but experts said not to expect a crash, or big slowdown, anytime soon. Prices are still up 13.3 percent in a year in San Diego County, said CoreLogic/DQNews, but down from a peak of $749,750 in [...]
New Law Allows 4 Units to Replace Single-Family Lots
California Gov. Gavin Newsom signed two measures to slice through local zoning ordinances as the most populous state struggles with soaring home prices, an affordable housing shortage and homelessness. He signed the most prominent legislation despite nearly 250 cities objecting that it will, by design, undermine local planning and control. The outcome marks the latest battle between [...]
White House Plan to Address Housing Shortage
The White House announced a plan to increase the supply of homes across the United States — something experts say is desperately needed in San Diego. San Diego County is averaging around 9,500 total new homes built a year, including apartments, single-family and condos, which is not keeping up with demand. The new plan outlined by the [...]
San Diego Average Rent Continues To Go Up
Despite a patchwork of eviction bans, rent caps and high unemployment, rent throughout San Diego County has seen some of its biggest jumps in decades. Average rent in San Diego County was $2,075 a month at the start of August, a roughly 9 percent increase in a year, according to real estate tracker CoStar. That is the [...]
San Diego Median Home Price drops slightly in July
San Diego County’s median home price dropped slightly to $730,500 in July — its first reduction in six months. The median price is still up 15.2% in a year and record highs have been reached on an almost monthly basis throughout the pandemic, said data released by CoreLogic/DQNews. The peak was in June when the median hit [...]
San Diego is the Second Hottest Market in the Nation
America’s Finest City is among the hottest real estate markets in the nation.Home prices in the San Diego metropolitan area were up 24.7 percent in a year as of May, the S&P CoreLogic Case-Shiller Indices reported. Phoenix was the only metro to have a faster gain at 25.9 percent.May was the highest annual increase in the index’s national [...]
Spare Room? Thousands of UCSD Students in Need
Thousands of UC San Diego students need a place to live, as nearly 3,200 people are on waiting lists as the campus grapples with more growth. Cody Huynh showed up at a condo in La Jolla recently hoping to find a place to rent after UC San Diego hit him with unexpected news — it had run [...]
San Diego Homes for Sale Inventory Increasing
There were more San Diego homes for sale in recent weeks. There were 970 new homes listed for sale in San Diego County from May 24 to June 20. That’s almost double the 450 to 500 new listings per month San Diego County was adding at the start of the year. Why the uptick in inventory? Real [...]
San Diego Homebuilding having a Strong 2021
San Diego homebuilders had one of their most productive quarters in years, with nearly 3,000 new homes constructed, but housing experts say it still doesn’t come close to what is needed. Construction of all residential housing — apartments, townhouses and single-family homes — was up 22 percent from the first quarter 2020 to the first quarter 2021, [...]
San Diego Home Prices Up nearly 20% in a Year
San Diego home prices increased 19.1 percent in a year as of March and outpaced nearly every city in the nation. Nationwide average price increases in the 20-city index were 13.2 percent as of March, the S&P CoreLogic Case-Shiller Indices reported. It was a rate of increase not seen since December 2005. Phoenix was the only metro [...]