San Diego ranks 4th in the list of California's top 10 "most overpriced" housing markets for 2024. Homes in San Diego are priced nearly 24% > their expected value....
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San Diego's City Council is moving forward with plans to build over 400 units of affordable housing in East Village with developer Chelsea Investment Corp. The project will include a mix of rental units for low-income households. Negotiations are progressing, and the council is considering exclusive negotiations with Chelsea for six months. The development will cater to different demographics and...
Southern California home prices are high but not as overvalued as in other parts of the country. Studies by Fitch Ratings and Florida Atlantic University show that while San Diego is at risk, Los Angeles, Orange County, and the Inland Empire are less overvalued. National rankings vary, with some areas like Atlanta and Detroit being significantly overvalued. Continue to full article...
Sales of single-family homes and condo units have risen since the start of 2024. Buyers in San Diego are not waiting for interest rates to decrease, fueling sales with new inventory....
Home sales in San Diego County and across California rebounded last month, with the statewide median home price surpassing $900,000 for the first time. The median price for a single-family home in San Diego County was $1.04 million, showing a 2.7% increase from the previous month and a 12.6% rise from a year ago. Continue to full article...
Housing permits expedited for transit-oriented projects. Veterans experiencing homelessness to get permanent housing....
Los Angeles County: - Median price: $845K, ↑ 10.5% yearly - Transactions: 3,746, ↑ 10.7% yearly Orange County: - Median price: $1.1M, ↑ 16.8% yearly - Transactions: 1,775, ↑ 21.2% yearly...
Price Increase: - Median home price in Southern California ↑ 8% yearly in Mid-Q1, to $740K. Record Highs: - Orange County hit an all-time high with a median price of $1.1M, ↑ 17% yearly....
The cost of living is ↓ 5% in San Diego than LA. Home prices are ↓ 11% in San Diego: - LA: ~$1.2M - San Diego: ~$1.08M...
According to a recent study, listing your home in San Diego during the last 2 weeks of April can lead to a higher selling price. According to a recent study, listing your home in San Diego during the last 2 weeks of April can lead to a higher selling price....