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Summer Market Update

Greater Good Realty of Downtown San Diego

After the housing crisis in 2009, San Diego experienced a strong rebounded. Over the course of the last few years, the area has seen growth in just about every sector of its housing industry – home values have gone up, demand has skyrocketed, and construction has been revitalized. As of recently, however, the torrid pace of San Diego's real estate market has begun to cool off. Low inventory, high prices, and rising interest rates have all contributed to slowed growth in...Read More

This Week in San Diego Real Estate

Greater Good Realty of Downtown San Diego

Assessed property values up: According to the County Assessor, the values of homes, boats, planes, and business property in San Diego rose $24.6 billion as of January 1, 2014. In total, San Diego's assessed property values saw a 6 percent increase. Homeowners, however, will only see a fraction of the increase reflected in their property taxes. Due to Proposition 13, which California voters passed in 1978, the majority of San Diego's homeowners will see their property values rise less than 0.5 percent....Read More

Charity Update

Greater Good Realty of Downtown San Diego

If you've been following us over the last couple of years, you know how much Greater Good Realty cares about giving back to the San Diego area. To us, the real estate business is about more than just selling homes, it's about helping people. And we aren't just saying that – every year, we donate 10% of our commissions to various charitable and nonprofit organizations throughout San Diego. This week, we'd to take a moment to highlight some of our favorite...Read More

San Diego Apartments

Greater Good Realty of Downtown San Diego

Apartment complex: Finding an apartment in San Diego has never been easy. Now, it's getting even harder. According to a report released this Tuesday by the San Diego County Apartment Association, the availability of apartments in San Diego is currently at 12-year low. As of this week, the county's vacancy rate has fallen to 2.8 percent. If you're looking for a place to rent, that means that only 2.8 percent of all apartment units in the county would be available. This time...Read More

Annual Appreciation and Delinquent Taxes

Greater Good Realty of Downtown San Diego

Solid footing, slow growth: Even though home prices in San Diego reached a post-Great Recession high back in March, the annual growth of the market has begun to slow. According to a report released Tuesday by the S&P / Case-Shiller Price Index, home prices in San Diego have continued to rise from February to March. During that time period, prices rose a total of 1.3 percent. In the previous Case-Shiller report, San Diego County lead the nation in monthly appreciation, with a...Read More

Mama’s Day

Greater Good Realty of Downtown San Diego

At Greater Good Realty, we think it's important to give to back to our community. To us, the real estate business isn't just about selling homes, it's about helping people. So, with that in mind, we try to do whatever we can to help make San Diego a more enjoyable place to live. Every year, we donate 10% of our commissions to various charitable and nonprofit organizations throughout the San Diego area. Last year, we had the pleasure of sponsoring Mama's...Read More

Peaking Prices and New Developments

Greater Good Realty of Downtown San Diego

Home prices climbing towards peak: Although it may seem like home prices in San Diego have already hit their ceiling, there is still some room for growth. According to Beacon Economics, a Los Angeles-based research and consulting firm, the median price for a resale single-family home in the San Diego area will surpass the pre-recession peak of $571,000 in about four years. When discussing San Diego's economic future, Beacon focuses on the positive. “We expect the population to continue to rise at...Read More

Drones and Quiet Zones

Greater Good Realty of Downtown San Diego

Using drones to sell homes: In order to get a perfect picture of the ranch house at 17124 Calle Corte, which is listed for $3.975 million, 3SixtyStrategies spent an entire afternoon taking ariel photographs of the area. The pictures, believe it or not, weren't taken from the inside of a plane or helicopter. Instead, they were shot with an unmanned drone. As the technology has become smaller and more affordable, the use of drones has begun to expand into the commercial world....Read More

Property Taxes and High Employment

Greater Good Realty of Downtown San Diego

Property tax deadline: Now that April's here, the deadline for property taxes is fast approaching. Property owners in San Diego have until April 10 to pay the second installment of their 2013-2014 property tax bill. Currently, only 30 percent of the county's property owners have paid their second installment. According to the county treasurer-tax collector, that means there are still around 590,000 outstanding bills. On the April 10 due date, all five branch county tax collector offices will offer extended hours from 7...Read More

San Diego Market Report

Greater Good Realty of Downtown San Diego

Even though San Diego County saw its housing prices rise last month, it wasn't enough to reverse a trend of declining sales and lower appreciation. According to DataQuick, the median price for a home sold in the San Diego area during the month of February was $410,000. That number is up from $405,000 in January and is 14.2 percent higher than the median price a year ago ($359,000). The annual appreciation rate for homes in San Diego, which peaked at 24.1...Read More


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