Sales for single-family homes in California ↓ 20% yearly and ↓ 4% MoM in June 2023. The number of closed escrow sales in June was approximately 277,500....
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The San Diego County assessor announced that the total assessed value for all taxable property in the county increased by 7.12%, raising it to $727.48 billion, representing $48.3 billion and setting a record. This resulted in more than $275 million in property tax savings for homeowners, disabled veterans, small businesses, and charitable organizations, and will result in around $7 billion in property...
June saw slow home buying, ranking among the bottom 5% since the 1990s. Sales volume (color-green) 15% in 6-mo, but overall purchases (color-red) 20% in a year. California's expensive home prices are driven by surging mortgage rates....
Homeowners insurance rates in California are rising sharply due to climate change. Some insurers are no longer writing new policies in California, leaving fewer options for homeowners. If your policy is non-renewed, you should start shopping for a new policy immediately....
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Atherton 1-yr price change: ↓ 6.7% 5-yr price change: ↑ 22.4% Typical home value: $7.56M...
The San Diego retail market is showing strength despite economic headwinds and uncertainty, with historically low vacancies persisting quarter over quarter. Inflation has proven stubbornly high, however, the unemployment rate in San Diego has remained relatively steady and is below the state and national levels. This year has seen record retail property sales levels in San Diego County and the effect of...
In California, transfer taxes are imposed on the transfer of interests in commercial or residential real property. Equity transfers, such as the purchase of membership interests in an LLC, can result in a "change in ownership" of the entity and trigger transfer taxes....
California has the 2nd highest cost per sq-ft of property in the US. The avg house price in California is ~$774K. The avg size of a house in California is 1,820-sq-ft....
The share of million-dollar homes is growing across the nation's largest metros. San Jose, CA Avg home value: : $1.2M San Francisco Avg home value: $1M...