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Prudential CA Realty Market Overview – April 2012

by Marc Rose on April 6, 2012

Are Americans really more optimistic about home ownership then 1 year ago? Well, it appears that way based on the feedback from 8 out of 10 people who said “Yes”, home ownership is still very important to them. I certainly agree that owning your own home is a great accomplishment, and for many of us our homes are the most important asset we have. I believe it’s still the “American Dream”! Click the link below to read the April Report. 

Prudential CA Realty SD Market Report April 2012

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Prudential CA Realty SD Market Overview March 2012

by Marc Rose on March 4, 2012

This issue actually discusses the thought of a shortage in supply of homes in some areas, and the outlook for Spring is overwhelmingly positive even bullish for the housing market. It’s interesting to know that the current home values in 2012 are similar to values in 2002. My feeling is we hit the bottom of the real estate market over the last year, and now through 2012 prices will remain stabile. I don’t see any major market moves one way or the other until Spring/Summer 2013 when things start heading up! Of course this is just one man’s opinion!!! Please read the report below.

Prudential CA Realty SD Market Overview March 2012

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Prudential CA Realty Market Overview for February 2012

January 29, 2012

Is the housing market stabilizing? Please read for yourself the February issue of the Prudential CA Realty Market Overview report (link below), and form your own opinion. I believe it has, and we will only see modest gains in sales volume and prices through 2012. The FED recently indicated they plan to keep interest rates low [...]

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Prudential CA Realty San Diego Market Overview November 2011

November 13, 2011

It’s All About YOU! This issue of the Prudential Market Overview has some positive numbers on sales activity (click on link below). It shows sales in California were 8.6% higher in August than in July, and 10.2% higher than one year ago. These numbers were provided by the California Association of Realtors. Hopefully this is [...]

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Sales Update For Point Loma & Ocean Beach

October 20, 2011

In the last six months there has been 161 single family home sales in Point Loma and Ocean Beach. These are homes that actually closed escrow since April 1, 2011. In Point Loma 92106 there were 85 sales ranging from $265,000 to $3,175,000 with an average sales price of $848,000. The average price per sq. foot [...]

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Prudential CA Realty San Diego Market Overview September 2011

September 13, 2011

This issue of the Prudential California Realty San Diego Market overview talks about short sales, and the extension of bill SB931. Governor Jerry Brown signed SB458 into law that protects sellers from the lender trying to pursue them for the difference of the original loan amount, and the final short sale purchase price. This is a big help for [...]

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Prudential CA Realty San Diego Market Overview August 2011

July 31, 2011

The title for the August 2011 issue of the Prudential CA Realty San Diego Market Overview is “Record Affordability Improves Housing Sales”. Pending homes sales across the United States (pending – currently in escrow), a forward-looking indicator based on signed contracts, rose 8.2% in May after revised 11% decreased in April. On a year-over-year basis, pending [...]

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Point Loma 92106 & Ocean Beach 92107 Home Sales

July 1, 2011

For the first six months of 2011 there have been a total of 141 sales in Point Loma and Ocean Beach that actually closed escrow. Here is the breakdown for the two communities; Point Loma had 84 sales with an average price of $816,858, average price per sq. foot of $401.26, and an average of 84 [...]

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Prudential CA Realty San Diego Market Overview May 2011

May 22, 2011

This issue of the Market Overview talks about housing, and how it should be considered an “Asset Class” again like stocks, gold, etc.. Not long ago owning your own home was the single most valued asset you had until the market declined over the past few years. Well now it appears owning a home could once again [...]

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Point Loma 92106 Trend Summary April 2011

May 1, 2011

The median list price in Point Loma 92106 this week is $839,900. Demand measured by the Market Action Index is increasing, and days on the market is holding steady. With more properties coming available, conditions are mildly positive. Or should we say “Cautiously Optimistic”? Point Loma 92106 Trends Summary April 2011

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