San Diego Real Estate Blog

Millennial Homebuyers Rely on Real Estate Agents

According to a National Association of REALTORS (NAR) report, Millennials are the largest generational group of homebuyers and have been for the last three years in a row. This suggests that Millennial home buying preferences are likely to have a significant impact on real estate markets across the nation. Moreover, recent data shows that Millennial homebuyers rely on real estate agents at a higher rate than other generational cohorts.

35 percent of homebuyers belong to the Millennial cohort

The Millennial cohort makes up 35 percent of real estate buyers and is the largest generational group in our current markets. Per a recent generational trends report conducted by NAR, 67 percent of Millennial buyers are also first-time homebuyers. The latest…

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Baby Boomers List the Home Features They Want Most

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Baby Boomers are a cohort 67 million strong, which means their real estate preferences influence our housing markets in marked ways. Recently released survey data shows that the cohort possesses all but approximately one-third of our nation’s home equity, which means their home buying decisions factor immensely in our real estate markets.

Results from a recent survey show that although a number of Baby Boomers are happy in their current homes, approximately 27 million plan to be in the housing market in the near future. The same survery provided insights into what features they would like their future homes and communities to offer.

Baby Boomers hold the lion’s share of our nation’s home equity

Earlier this month,…

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June Real Estate Market News and Statistics

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In May, home prices were on the rise and the most expensive listing to sell in San Diego County had a La Jolla address. In recent months, home prices have increased across the nation, but San Diego County real estate has seen higher increases than a number of other American cities.

The median price for resale homes in San Diego County rose 9 percent from May 2015 to May 2016, according to data released by the Greater San Diego Association of REALTORS. This number is also up 6.6 percent from its figure in January of this year.

Moreover, single-family home prices rose 2 percent from their figures in April, and condo and townhome prices increased 5 percent. May’s median single-family home price was $570,000, while the condo…

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June News Snapshot: 5 Great Stories About La Jolla and the Real Estate Market

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There are a lot of interesting and exciting things going on in La Jolla, and one of them was one hundred years in the making. Moreover, recent real estate data has led to a noteworthy prediction about the summer housing market and an intriguing look at how much square footage new single-family homes have to offer.

1. La Jolla Tennis Championship is a match 100 years in the making

The longest running tennis tournament to be held at the same venue continuously in the entire world is the La Jolla Tennis Championship, which will delight spectators for the 100th time next week. According to an article in La Jolla Light, more than 900 players ages 10 to 80 will compete in the 100th La Jolla Tennis Championship, which will be…

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Banks Offer New Mortgage Programs with 3 Percent Down Payments

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New mortgage finance programs with down payments as low as 3 percent have hit the market during a time when, according to the National Association of REALTORS, pending home sales have reached their highest level in more than ten years.

The newest of these programs is through Wells Fargo & Company and offers buyers mortgages with down payments as low as 3 percent. According to The San Diego Union-Tribune, the new mortgage program offers an alternative to loans backed by the Federal Housing Administration (FHA), which have a minimum down payment requirement of 3.5 percent of the home’s purchase price. Per the article, most large banks have veered away from offering FHA loans.

In a press release, Wells Fargo stated that the…

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May News Snapshot: 5 Great Stories About Del Mar

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In recent weeks, a number of news stories have been published that highlight some of Del Mar’s newest initiatives. Other stories been printed that showcase one of Del Mar’s standout restaurants and the 136-year-old San Diego County Fair, which boasts a novel theme this year. Five of these intriguing stories are listed below:

1. The River Path Del Mar offers quite a view

During the Lagoon Day celebration on May 21, attendees celebrated the completion of the River Path Del Mar extension with a ribbon-cutting ceremony and live music. According to the Seaside Courier, more than 200 people took to the trail to enjoy impressive views of the San Dieguito Lagoon, river and estuary. Per the article, the River Path is a joint…

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May News Snapshot: 5 Great Stories About La Jolla and the Real Estate Market

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La Jolla and San Diego’s real estate markets have both had news stories published about them recently. From top restaurants, to the best summer vacation spots, to record numbers of pending sales across the nation, the month of May held some pretty exciting headlines and five of them are listed below:

1. La Jolla is home to a new art gallery

A painter named Shane Bowden opened a brand new 5,000-square-foot art gallery in La Jolla this month. According to La Jolla Light, Bowden paints rather large paintings, some of which are 16 feet by 8 feet in size. Moreover, he produced 8,000 original works of art last year that depict his pop culture and neo-expressionism styles. “Shane Bowden – The Gallery” holds more than 100…

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April Real Estate Market Snapshot

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The real estate market stats for April are in and they are showing increases in both median home prices and sales. The Greater San Diego Association of Realtors noted that although low inventory continues to be a market factor, home sales did increase in April. Last month, single-family homes sales were up 3 percent from March’s numbers. In April, condo and townhome sales were more than 2 percent higher than they were in March of this year. In addition, median prices are experiencing a gradual rise.

Homes sales increased

During the month of April, 2,064 homes were sold, which led to a month-over-month increase in sold listings. The condo and townhome market saw increased sales as well and ended the month with 1,073…

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La Jolla High School Is One of the Best in the Nation

Last month, U.S. News & World Report released its annual list of “Best High Schools,” which names the top 500 schools in America, and La Jolla High School ranked in this high-performing group. The U.S. News “Best High Schools” list ranks the top schools in our nation based on their performance in core areas, such as college readiness preparation and state assessment scores. In addition to placement on the list, U.S. News awards high achieving schools with gold, silver and bronze medals. La Jolla High School earned a gold medal for its science, technology, engineering, and math (STEM) education program.

La Jolla High School is one of the best in the nation

U.S. News' 2016 “Best High Schools” list ranked La Jolla High School as #355 out of the…

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UC San Diego Earns National Recognition

The University of California, San Diego earned national recognition and some headlines when it was recognized by U.S. News & World Report as a top-performing center for higher education in the news publication’s annual “Best Colleges” guidebook.

UC San Diego is one of the nation's best

Late last year, U.S. News released its “2016 Best Colleges” guidebook and UC San Diego was ranked among the best in the nation. UC San Diego was ranked the 9th best public university in America and two of its programs were also recognized for their excellence. UC San Diego has claimed one of the top ten spots on U.S. News' list every year for more than a decade.

UC San Diego also tied with the University of California for the #39 spot on U.S. News' "Best…

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