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San Diego home price drops for second month in a row

San Diego home price drops for second month in a row
sandiegouniontribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegouniontribune.com Daily Mail and Mail on Sunday newspapers.

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$45,000 over the asking price? No wonder San Diego's median home price hits another record high in June

Another month, another record for San Diego County home prices.
Driven by persistent shortages of homes for sale coupled with low mortgage rates luring more buyers into the market the median home price in the region rose to a record $750,000 in June, according to data released Tuesday from CoreLogic/DQNews.
That’s up from the previous record of $725,000, which was set in May. A year ago, the median price the point where half of all homes sold for more and half sold for less was $600,500.
“As soon as anything comes on the market, right way within 48 hours, you start getting offers, usually multiple offers that go into overbid,” said Cindy Waasdorp, a real estate agent with Berkshire Hathaway who has been selling in North County for more than three decades. “I don’t see it slowing down until we get inventory. There is just such high demand.” ....

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Does a VA loan make sense in San Diego?

Does a VA loan make sense in San Diego?
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San Diego home price hits record $680K

San Diego home price hits record $680K
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San Diego home price, $645K, down slightly in December

San Diego County capped off a year of substantial home price increases up 12.2 percent annually with a slight decrease in December.
The median price was $645,000, down by $5,000 from the last few months, said CoreLogic data provided by DQNews. A drop in prices in December and January are typical, although any decrease in prices are notable in a year that saw San Diego prices go up among the fastest in the nation.
Prices have not increased since September but analysts say it is nothing to write home about: Demand is still very high in San Diego with limited supply and no signs point to price growth abating. A January CoreLogic forecast predicted home prices in San Diego would increase the most in the nation this year, up 8.3 percent. ....

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