California Real Estate Blog
Just Listed! Charming 3 Bedroom Home in West La Mesa
Just Listed! 4625 73rd St, La Mesa, CA 91942 Property Details 3 Bedrooms 2 Baths 2,079 Sq Ft Lot Size: 7,300 Sq Ft [...]
San Diego Home Prices back at All-time Highs
San Diego’s median home price continues to inch higher as the number of sales plummets to lows not seen in decades. There were 2,435 home sales in July, the second-lowest for that month in records going back to 1988. The median price rose 1.4 percent monthly in July to $850,000, said CoreLogic data released this week. That [...]
San Diego County Properties Valued at Record $727 Billion
Land in San Diego has never been worth so much. San Diego County’s assessed value of all taxable property — including residential, commercial and industrial land — is now $727.48 billion, the Assessor’s Office said. It represents an increase of 7.1 percent from last year and its highest in history. Even a slowdown in home price growth [...]
San Diego Planning Commission votes against Senate Bill 10
San Diego’s Planning Commission unanimously voted against a key part of Mayor Todd Gloria’s housing plan that would have eliminated single-family zoning in much of the city. The commission voted to recommend the city’s sweeping Housing Action Package 2.0, but stripped it of its biggest element: Senate Bill 10, which will no longer go before City Council [...]
Housing Market Recovery is Broadly Based
San Diego homes are still worth less than they were a year ago, but there are signs that trend is turning around.The San Diego metropolitan area saw its annual home price decrease 5.6 percent in April, said a new S&P Case-Shiller Indices report. That puts San Diego in the bottom half of the 20-city index, but monthly data [...]
San Diego’s Median Home Price up for Third Month in a Row
San Diego County’s median home price was up in May for the third month in a row. The median price rose 0.9 percent to $812,250, said CoreLogic data. Despite the recent price bump, the median price is still down 3.3 percent annually after nine months of declines brought on by rising interest rates. While interest rates are [...]
San Diego Home Listings down by Half since Pandemic
The number of San Diego County homes for sale has dropped by 53 percent since 2020, and there are a lot of factors that could keep inventory low. It’s not just in sunny Southern California where this is happening. Nationally, listings are down 31 percent in the same time period. There were 2,968 homes listed for sale [...]
New County Measures to Fast-track Home Building
The county is adding pre-approved building plans, tiny homes on wheels and accelerated permit review to spur new home construction amid a housing and homelessness crisis. These new county rules to expedite housing construction will provide guaranteed timelines for permit review, offer pre-approved home plans and relax other regulations, marking a long-awaited effort to streamline homebuilding amid [...]
San Diego Approves Strict New Renter Protections
The San Diego City Council approved a new set of tenant protection laws aimed at giving renters more rights when facing no-fault evictions. Tenant rights advocates and landlords attended the council meeting at City Hall. Tenant advocates argued the proposed law didn’t go far enough, while many Mom-and-pop landlords complained it is too much regulation. The City [...]
San Diego Home Prices are on the Rise again
San Diego County’s median home price rose 5.3 percent in March — reversing nine months of declines — to $790,000, according to CoreLogic data. The region’s median, the point at which half the homes sold for more and half for less, is still down 1.3 percent annually.Rising mortgage rates had softened the red-hot market in recent months. Yet [...]
Renters’ Rights Would Go Up Under City’s Plan
San Diego released a new renter protection package that will make it harder for landlords to evict tenants and will give new rights to renters. The City Council is expected to review the legislation, and if approved, it would surpass the state’s Tenant Protection Act of 2019, known as AB 1482, with stricter regulations in some areas. [...]
San Diego Annual Home Price Gains Wiped Out
San Diego County’s median home price was $750,000 in February, according to CoreLogic data, down 2.6 percent from the same time last year. It’s the first time in more than three years that the annual price went down. It also marked the ninth month in a row of price declines. Rising borrowing costs have slowly eaten away at [...]