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La Jolla San Diego Real Estate
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Average rent reached $1,748 a month in San Diego County at the start of March, increasing 8 percent in a year, said MarketPointe Realty Advisors in a report released Monday.
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San Diego County’s home market continued to show signs of decelerated growth in January, falling behind the national average for the second month in a row, said the S&P CoreLogic Case-Shiller Indices released Tuesday.
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Real Estate Data for La Jolla
La Jolla market trends indicate an increase of $151,250 (17%) in median home sales over the past year. The average price per square foot for this same period rose to $629, up from $614.
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Expect increased rent prices in San Diego County next year and many of the same hurdles to get new homes built.

That’s at least some of the consensus coming out of two real estate forecast conferences in San Diego this week attended by builders, landlords, and investors.
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Prices in San Diego County’s housing market in November outpaced the rest of the nation and California, said the S&P CoreLogic Case-Shiller Indices released Tuesday.
#sandiegorealestatetrends
#realestateagent
#sandiegorealestatemarket

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La Jolla continued to dominate the region's most expensive properties in 2016. The most expensive home beat out 2015's top seller (in La Jolla, of course) by $1 million. The five top sellers in '16 averaged 89 days on market before they sold. They averaged 6 bedrooms and 8 bathrooms.
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#realestateagent
#homeprices


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What does data suggest is happening in the San Diego real estate market? What do the latest figures mean for those buying, selling and investing in real estate in San Diego County?

Many are finding the most recent Southern California real estate statistics more than a little confusing. San Diego County, in particular, has been on fire. However, data and reports by national media suggests growth has dropped back a gear since last year when some homes where receiving 90 plus offers. So what do the numbers really look like? Where are they headed and what best course of action is indicated? Staying up to date can give real estate investors an advantage in a market as complex as San Diego’s.
#realestatetrends   #realestatemarket   #realestateagent  

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Nestled along the west coast, the San Diego real estate market remains one of the hottest in the country. The median home price for San Diego real estate during the first quarter of 2016 was almost double the national average, resting at $554,300 compared to $215,767 — and still growing. As one of the most expensive markets in the nation, San Diego real estate continues to appreciate at unprecedented levels, including outpacing the national average. That said, the San Diego real estate market is set to have an extraordinary year in 2016.
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According to the California Association of Realtors' 2017 California Housing Market Forecast, following a dip in home sales in 2016, California's housing market will post a nominal increase in 2017, as supply shortages and affordability constraints hamper market activity.

The C.A.R. forecast sees a modest increase in existing home sales of 1.4 percent next year to reach 413,000 units, up slightly from the projected 2016 sales figure of 407,300 homes sold. Sales in 2016 also will be virtually flat at 407,300 existing, single-family home sales, compared with the 408,800 pace of homes sold in 2015.
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San Diego County continues its steady recovery from the 2008 recession and financial crisis. Jobs and per capita income are recovering quickly — a good sign for San Diego’s housing market. In San Diego, as in other regions, the strength of home sales volume depends on a complete jobs recovery.
Residential construction continues to falter these past two years. Thus far, multi-family construction has experienced a quicker recovery than single family residential (SFR) construction. Expect the demand shift from SFRs to rentals to continue, injecting growth into multi-family construction in upcoming years, peaking around 2019-2020. Vacancy rates will then increase, as turnover tenants will increasingly go for homeownership.
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