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Blog by The Joys of Real Estate

11420 Caminito Armida, San Diego, CA

February 26th, 2010

I just finished uploading this House for sale, 11420 Caminito Armida, San Diego, CA

This is a remarkable opportunity to own a beautiful home located on a cul-de-sac in the prestigious gated community of Crown Pointe in Scripps Ranch! This spacious home has a guest suite and optional bedroom on the first floor, kitchen with granite and stainless steel, highly upgraded master bathroom, and a la ...

San Diego Real Estate Price Trends for February

February 15th, 2010

 

San Diego County 

Market Update

 

February 2010

 

Last month the San Diego County real estate market showed some normal seasonal behavior as prices declined, sales declined and interest rates declined.   The average price of single family homes fell -3%, but are still up 14% from this time last year.  Whereas, attached home price declined -2% and are up 5% from this time last year.  Th ...

San Diego Affordability Index Hits 20 Year High

February 10th, 2010

The San Diego Affordability Index reached a 20 year high of over 50% during the first 3 quarters of 2009.  The highest level attained was 58% during the first quarter of 2009 where the San Diego home prices reached their low (see our price trend charts).  This index is the percentage of households that can afford to buy a median priced home in San Diego County.  The indexes lowest point over ...

Want a Loan Modification? Bring Documents.

February 2nd, 2010

Effective June 1, 2010 homeowners applying for loan modifications including interest rate reductions and term extensions will have to supply documentation up front showing they qualify.  The documentation will include two pay stubs, an electronic form that allows a servicer to pull up tax returns online, and a request for modification that includes a hardship affidavit.  This program only app ...

San Diego Five Year Price Trends First Quarter 2010

February 1st, 2010

 

San Diego County 

Five Year Market Trends

 

First Quarter 2010

 

The average sale price of homes in San Diego County continued to rise in the fourth quarter of last year Since the first quarter of 2009 there has been a 19.6% rise in the average price for single family homes and 12.6% rise in the average price for attached homes, mostly condos.  The primary reason prices have increase ...

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