San Diego Real Estate Price Trends for April
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San Diego County
The real estate market is on an upturn in San Diego County. Both home sales and prices increased last month. Single family home prices increased 6.3% and are up 22% compared to this time last year. Attached home prices increase 7.5% last month and are up 19% from this time last year. Although the active listings on the market increased last month, the increase in home sales reduced the inventory to 3.2 months. See more data...Market Update April 2010 There was a dramatic jump of 33% in all home sales last month over the previous month. Relative to this time last year the single family home sales are up 3.4% and the attached home sales are up 14%. Foreclosures were 28% of last month’s sales while short sales were 25%. These distressed sales have been very consistent for the last several months. If anyone is having issues with mortgage payments and is considering foreclosure, please talk to us right away as a short sale is a far superior solution for distressed sales due to the reduced impact on credit and other consequences suffered with a foreclosure. Read More ... Mortgage interest rates have started to climb as predicted, but they are still extremely low and jumbo loans for purchasing higher end homes are available now with very reasonable rates compared to a few months ago. More Real Estate News: With the exception of the military..., if you are interested in receiving the federal tax credit for purchasing a home, the home must be in escrow by April 30th to qualify. |
Red: Detached(Single Family), Blue: Attached Source: Sandicor Multiple Listing Service
Source: Federal Home Loan Corp
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