Hanley Investment Group is opening a new office in San Diego due to the city's strong economy and diverse population. The retail investment market is seeing a decrease in transaction volume, but quick-service restaurants and auto repair properties are gaining traction. Rising interest rates have caused some product types to see an increase in cap rates, but San Diego remains a highly desirable...
Single-family resale home sales in San Diego County dropped by over 21% in December compared to a year ago and were down 9% from November. The median price of single-family homes decreased to $949,000, while condos and townhomes settled at $650,000. Despite the decline, prices are still about 10% higher than December 2022. The most expensive property sold was an oceanfront estate on Carlsbad Boulevard...
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off...
The median sold price of an existing single-family : $911,500, 7.2% yearly Existing home sales : ↓5.1% MoM and ↓17.3% yearly. The median sold price of condos and townhomes: $631,500 , 9.8% yearly....
San Diego ranks as the 4th strongest US Real Estate market in 2024, with an 11.0% increase in homes sold and a 5.4% rise in median sales price.The positive outlook is attributed to the expected rebound in Southern California markets following significant sales declines in 2023....
The avg home price in San Diego was ~$895K at the beginning of December. Meanwhile, the expected home price in San Diego is ~$719K....
Maximize wealth transfer by leveraging increased gift tax exclusions for intergenerational wealth preservation. Use Roth IRA ( Individual Retirement Account) for tax-free retirement earnings and shift unused 529 funds to children's savings....
San Diego's housing market in 2024 remains uncertain as a buyer's or seller's market. Mortgage rates are expected to drop, potentially boosting buyer and seller interest. The housing shortage persists, making it a good time to sell, but pricing is critical....
Zillow predicts that in 10-yr, typical homes in San Diego will be worth over $1M, While the national avg is predicted to be ~$394K.The housing shortage, driven by underbuilding and high demand, is a key factor pushing home values higher....
Through property tax reductions, the Mills Act supports middle-class homeowners preserving historic properties. It aids middle-class homeowners, easing real estate cost challenges in San Diego....
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