San Diego real estate blog - Peter Toner

The “Extreme Makeover” of a San Diego North County home was revealed on ABC this last Sunday, the hit show transformed the cramped home of an Encinitas widower, Brian Wofford, into his family’s dream home.

After his wife died, Wofford single-handedly raised his eight children and was unable to keep up with needed repairs for [...]

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The Union Tribune reported yesterday on August median home prices for real estate in San Diego County broken down by neighborhood.
The figures show that median prices for all San Diego homes (single family and condos combined) hit $483,000:

San Diego home sales remained strong in the past couple of months, the chart shows sales [...]

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In 1969, a small group of research scientists lead by Dr J Robert Beyster founded a business in a little village called La Jolla. Who knew what the future held?
Today, the scientists’ business, Science Applications International Corporation (SAIC) is the largest employee-owned research and engineering company in the United States and one of the world’s [...]

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This chart represents the relationship between the number of active San Diego real estate listings (includes all types) and the number of days that detached homes stayed on the market in San Diego County:

As the chart shows, the hottest month of the year was June, the market has calmed down a little since then.
Data courtesy [...]

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San Diego County’s unemployment rate plunged sharply to 3.7 percent in August – its lowest point this year – as the local economy continued to outpace the state and nation as an engine of job growth.
Fueled by new hiring in professional services, construction, hotels and restaurants, the county added 4,200 jobs in August.
That’s [...]

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Here is an interesting graph of Califonia 30 year fixed mortgage rates* for the past 3 months:

A few months ago the pundits were expecting rates to rise - who knew the opposite would happen?

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It’s now officially 145 days since San Diego City had measurable rainfall. Water is a big issue here in Southern California, we have had drought conditions for several years. For more info about San Diego water resources.

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If you’re a Californian, today’s a day to celebrate. On Sept. 9, 1850 California became the 31st state.

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DataQuick Information Systems said supply and demand in July became more balanced as buyers were able to choose from a greater volume of “for sale” listings.
A total of 32,988 homes sold last month in Los Angeles, Orange, San Diego, Riverside, Ventura and San Bernardino counties, down 5.0 percent from June’s near-record 34,731 sales and off [...]

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DataQuick Information Systems said supply and demand in July became more balanced as buyers were able to choose from a greater volume of “for sale” listings.
A total of 32,988 homes sold last month in Los Angeles, Orange, San Diego, Riverside, Ventura and San Bernardino counties, down 5.0 percent from June’s near-record 34,731 sales and off [...]

[Read more →]