San Diego California Real Estate

California has a wealth of natural amenities that make it an ideal place to call home. Amid sandy beaches and breathtaking vistas of mountain ranges and the ocean, this is a truly amazing environment to settle down in an equally amazing home. In addition to all of this splendor, California is a housing market that continues to appreciate even as the national housing market languishes in slow activity.

A recent report released by DataQuick, a San Diego-based real estate research firm, is indicating that California home prices have continued to increase through April, although the pace of appreciation has slowed slightly. The median sales price for a California home was recorded in April as $383,000, which was up just 2 percent from data recorded in March but is a promising gain of 18 percent from April 2013.

Homes in California have seen an increase in price tabulated year-over-year for the last 26 months, which show tremendous growth for the state. This recent data is showing a slight stall in the market as this year’s increase in price of 18 percent for the month of April was the first time in nearly one and a half years that the increase was less than 20 percent.

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Analysts are predicting that an influx of inventory may the cause for the slight decrease. The California Association of REALTORS® reported in March that California had a four-month supply of homes for sale. This was a significant increase on the 2.9-month supply that CAR reported just one year earlier. This swell in inventory is a very welcome indicator of an improving market that continues to only look better.

“Foreclosure activity remains well below year-ago and peak levels reached in the last five years. Financing with multiple mortgages is low, while down payment sizes are stable,” DataQuick said in a statement.

A Closer Look at San Diego Real Estate

San Diego is one community that is reflecting positive statewide trends. Inventory has been on an increase in San Diego since the start of the year according to Altos Research, a California-based real estate analytics company.

On January 1, inventory in San Diego hovered around 1,200 properties for sale for the seven-day average, and about 1,400 for the 90-day weighted average. After the first of the year, both values showed a slight dip before showing steady growth to a current value of 1,483 properties as of May 23.

This increase in inventory, no matter how slight, has helped to even out supply and demand levels in San Diego in order to create more ideal market conditions. The Market Action Index is a value unique to Altos that measures from a neutral value of 30 if buyers or sellers are in favor. At 40.73, San Diego home sellers are still seeing the pendulum swinging in their favor, but the influx of inventory has helped to bring this value down slightly in the last few weeks. The closer this value gets to 30, the more ideal the market will be for both buyers and sellers, which will make for a very exciting real estate season.

San Diego is just one of the beautiful Southern California communities that our team of expert property agents can guide you through. If you are in the market for a luxury home, please feel free to give us a call today!

Check out these San Diego homes priced from $3 million to $4 million

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    Home size: 2,450 sq ft
  2. 3 beds, 3 baths
    Home size: 2,034 sq ft
  3. 3 beds, 3 baths
    Home size: 2,315 sq ft
  4. 3 beds, 3 baths
    Home size: 2,450 sq ft
  5. 3 beds, 3 baths
    Home size: 2,034 sq ft

See all City of San Diego Luxury Homes For Sale.
(all data current as of 10/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.