Real Estate @ a Glance: June 2013 Edition

Here is the most recent information on the San Diego housing market. For specific information on your neighborhood or a market analysis on your home, please send me an email or call me at 619-325-4192.
May :: SAN DIEGO ASSOCIATION OF REALTORS®
Attached Homes
- Total Sales Volume: $374,003,872 = 20.882% higher than April and 37.111% higher than one year ago
- Average Sales Price: $365,595 = 5.757% higher than April and 25.049% higher than one year ago
- Average days on the Market: 61 Days = 4.688% lower than April and 29.885% lower than one year ago
Detached Homes
- Total Sales Volume: $1,462,853,473 = 17.345% higher than April and 31.760% higher than one year ago
- Average Sales Price: $603,986 = 1.599% higher than April and 19.574% higher than one year ago
- Average days on the Market: 51 Days = 8.929% lower than April and 35.443% lower than one year ago
The following graphic charts San Diego County’s market data for Active, Contingent and Pending listings over the last year.
April :: CALIFORNIA ASSOCIATION OF REALTORS®
- Existing Home Sales: 1.3% higher than April and 3.7% lower than one year ago
- Median Home Price: $402,760 = 6.3%% higher than April and 28.9% higher than one year ago
- Median Days on the Market: 27.9 Days = 5.1% lower than April and 41.9% lower than one year ago
- California Housing Affordability Index: 44% = 4.0% lower than April and 12.0% lower than one year ago
San Diego County market statistics provided by CAR and SDAR.
For up-to-date information on the market, please contact me.
The Old House Fair 2013 San Diego

The Old House Fair is a FREE day-long festival on June 15, 2013 from 10:00 a.m. to 4:00 p.m. Bring friends and family to enjoy festivities galore. Tours include free walking tours, a 1-hour Trolley Tour ($5), and the popular Historic Home Tour ($25). Find ticket information here.
The Old House Fair is at 30th & Beech in the Historic South Park neighborhood of San Diego. You can find more out more about the event location and fair schedule here.
Thousands of visitors will enjoy a day-long celebration of old homes and the historic San Diego community of South Park at the 14th annual Old House Fair.
The family-friendly festival features:
- Tours from the Historic Home Tour, to a walking tour of South Park, to a Trolley Ride throughout the community.
- Free festival with Exhibits by craftsmen, contractors, shops and services to answer all your questions about enjoying your old home.
- Lively music, entertainment, and festival food stands.
- Arts and crafts for kids and the young-at-heart.
- Free bike corral, pet adoption corner, self-guided Bike/Walk Historic Tour.
- Pet adoptions and low-cost ($20) micro-chipping by Second Chance Dog Rescue.
Ask the Experts
Learn all about owning or living in an old house. SOHO San Diego (Save Our Heritage Organisation) will offer an “Ask The Experts” booth throughout the day, where architects, research historians, restorationists, and best practice advocacy experts will be on hand to answer questions and provide leads for old house owners.
Old House Fair Program & Resource Guide
Fairgoers receive a valuable copy of the Old House Fair Program & Resource Guide, a 44-page booklet with maps, history, and a directory resources for those who own and love old houses. Pick up your 2013 copy at the Ticket Booth or Info Booth on June 15th.
Are you looking to buy or sell? Interested in South Park? Please feel free to contact me to get started.
8 Interior Home Features That Buyers Most Crave
Home buyers are sizing up homes with a long list of preferences.
The typical home shopper buys a home with three bedrooms and two full bathrooms, according to the National Association of REALTORS(R) 2013 Home Features Survey.
What feature did home shoppers report they most desire in a home?
Central air conditioning, according to the survey of 2,000 buyers on 33 home features. Central air conditioning was overwhelmingly the top home feature desired by home shoppers. A home that is cable/satellite TV-ready/Internet was also ranked highly.
What else should you be spotlighting on your listing ads for homes that you’re selling?
The NAR survey revealed the following eight interior design features that buyers ranked as “very important” in their home search:
1. Walk-in closet in the master bedroom
2. Ensuite master bath
3. New kitchen appliances
4. Eat-in kitchen area
5. Hardwood floors
6. Granite countertops
7. Kitchen island
8. Stainless steel appliances
(SOURCE: By Melissa Dittmann Tracey, REALTOR(R) Magazine)
Are you looking to buy or sell? Please contact me to get started.
Real Estate @ a Glance: May 2013 Edition

Here is the most recent information on the San Diego housing market. For specific information on your neighborhood or a market analysis on your home, please send me an email or call me at 619-325-4192.
April :: SAN DIEGO ASSOCIATION OF REALTORS®
Attached Homes
- Total Sales Volume: $309,395,621 = 10.936% lower than March and 20.6% higher than one year ago
- Average Sales Price: $345,693 = 0.388% lower than March and 24.912% higher than one year ago
- Average days on the Market: 64 Days = 1.587% higher than March and 29.67% lower than one year ago
Detached Homes
- Total Sales Volume: $1,246,626,405 = 7.715% higher than March and 26.608% higher than one year ago
- Average Sales Price: $594,481 = 7.304% higher than March and 22.381% higher than one year ago
- Average days on the Market: 56 Days = 5.085% lower than March and 33.333% lower than one year ago
The following graphic charts San Diego County’s market data for Active, Contingent and Pending listings over the last year.
March :: CALIFORNIA ASSOCIATION OF REALTORS®
- Existing Home Sales 0.1% higher than March and 4.9% lower than one year ago
- Median Home Price: $378,960 = 13.7% higher than March and 28.2% higher than one year ago
- Median Days on the Market: 29.4 Days = 14% lower than March and 43.7% lower than one year ago
- California Housing Affordability Index: 48% = 1.0% lower than March and 7.0% lower than one year ago
San Diego County market statistics provided by CAR and SDAR.
For up-to-date information on the market, please contact me.
There’s a lot of talk about neighborhoods these days. Folks want to be a part of a community. When it comes to the clients that I work with, most agree – neighborhood matters.
In the California Association of Realtors Home Buyers Survey in 2012, close to half of the those who participated in the survey indicated that ”neighborhood” was the top criteria in selecting a new home. ”Good price” and “home features” were important but clearly, people want a sense of belonging to a community.
What constitutes a “neighborhood”? What does it mean to you? Often people will want a ‘walkable’ community. With increasing interest in health and environmental concerns, clients are opting to choose neighborhoods that allow them to rely less on their cars. The traditional factors – safety and good schools – are still part of the equation but there’s more wiggle room with the increasing emphasis on the character of the neighborhood.
So, it’s important to find a San Diego neighborhood that suits you. Older vs. newer? Urban vs. suburban? Explore the diverse communities around where you live and learn about what they have to offer.
If you or someone you know is interested in buying residential property, please don’t hesitate to contact me. My knowledge of San Diego neighborhoods can better assist you find the property you’re looking to buy.
New Household Information Will Fuel Housing Demand
In real estate, it’s not enough to keep your eye on the ball; you have to anticipate where the ball is heading. Demographics dictate that the U.S. population will continue to rise, creating new households and a greater need for housing. According to the Joint Center for Housing Studies at Harvard University, population trends will restore vitality to the housing market as the nation emerges from the current remission.
The chief reason is the presence of the millions of Echo Boomers. Together with the immigration to the United States, Echo Boomers are expected to raise housing demand for the next decade and beyond.
Who Are the Echo Boomers?
The Echo Boom generation, also known as Generation Y or the Millennial Generation, are the children of the Baby Boomers. Now the nation’s largest demographic group, Echo Boomers are entering the peak years for forming their households.
The massive size of the Echo Boom generation “will give a powerful boost to long-run housing demand,” according to the Harvard study. Household growth is expected to increase by more than 1.25 million annually over the next decade.
As the Echo Boomers join the Baby Boom generation as active participants in the housing industry, we will see the market reinvigorated with opportunity and validating the purchase of a home as a lucrative investment.
If you or someone you know is interested in buying residential property, please don’t hesitate to contact me.
10 Questions to Ask Home Inspectors
Before you make your final buying or selling decision, you should have the home inspected by a professional. An inspection can alert you to potential problems with a property and allow you to make an informed decision. Ask these questions to prospective home inspectors:
- Will your inspection meet recognized standards? Ask whether the inspection and the inspection report will meet all state requirements and comply with a well-recognized standard of practice and code of ethics, such as the one adopted by the American Society of Home Inspectors or the National Association of Home Inspectors. Customers can view each group’s standards of practice and code of ethics online at www.ashi.org or www.nahi.org. ASHI’s Web site also provides a database of state regulations.
- Do you belong to a professional home inspector association? There are many state and national associations for home inspectors, including the two groups mentioned in No. 1. Unfortunately, some groups confer questionable credentials or certifications in return for nothing more than a fee. Insist on members of reputable, nonprofit trade organizations; request to see a membership ID.
- How experienced are you? Ask how long inspectors have been in the profession and how many inspections they’ve completed. They should provide customer referrals on request. New inspectors also may be highly qualified, but they should describe their training and let you know whether they plan to work with a more experienced partner.
- How do you keep your expertise up to date? Inspectors’ commitment to continuing education is a good measure of their professionalism and service. Advanced knowledge is especially important in cases in which a home is older or includes unique elements requiring additional or updated training.
- Do you focus on residential inspection? Make sure the inspector has training and experience in the unique discipline of home inspection, which is very different from inspecting commercial buildings or a construction site. If your customers are buying a unique property, such as a historic home, they may want to ask whether the inspector has experience with that type of property in particular.
- Will you offer to do repairs or improvements? Some state laws and trade associations allow the inspector to provide repair work on problems uncovered during the inspection. However, other states and associations forbid it as a conflict of interest. Contact your local ASHI chapter to learn about the rules in your state.
- How long will the inspection take? On average, an inspector working alone inspects a typical single-family house in two to three hours; anything significantly less may not be thorough. If your customers are purchasing an especially large property, they may want to ask whether additional inspectors will be brought in.
- What’s the cost? Costs can vary dramatically, depending on your region, the size and age of the house, and the scope of services. The national average for single-family homes is about $320, but customers with large homes can expect to pay more. Customers should be wary of deals that seem too good to be true.
- What type of inspection report do you provide? Ask to see samples to determine whether you will understand the inspector’s reporting style. Also, most inspectors provide their full report within 24 hours of the inspection.
- Will I be able to attend the inspection? The answer should be yes. A home inspection is a valuable educational opportunity for the buyer. An inspector’s refusal to let the buyer attend should raise a red flag.
(Source: Rob Paterkiewicz, executive director, American Society of Home Inspectors, Des Plaines, Ill., www.ashi.org.)
If you or someone you know is interested in buying residential property, please don’t hesitate to contact me.










