Midyear Housing Report for San Diego

$455,000

is the median sale price for all homes sold in San Diego County in the first six months of 2015.
3,443
is the average number of homes sales per month which is up 8.7% from last year.
6,335
is the number of active listings per month which is a 2.9% drop from last year.  This represents only 2 months of supply.  Most analysis consider 6 months as healthy.
3.77%
is the average rate of interest for a 30 year fixed rate loan.  It's down from 4.29% last year.  Speculation is that the Federal Reserve with raise this later in the year.
24.3%
is number of cash buyers in San Diego County
$1,575
is the average rent up 9% from last year.
43.7%
is the percent of monthly income renters can expect to pay which is way above what it has been.


I think you can see, that all indications point to buying if at all possible.  There are a number of new loan programs available that will help with down payments and our office is giving a $1,300 credit to Neuman and Neuman buyers on all loans.  We are offering $50 for anyone who just checks out our loans. One stop shopping. Did you know thanks to Warren Buffet, Berkshire Hathaway has it's own escrow, lender, hazard disclosure company and property management.  This is an excellent opportunity to invest in an inclining market.  Let me know if you hear of anyone who may have interest.  marsha@sellsandiego.com