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A Look Back at November 2017

Dec 11
3:00
PM
Category | General

A Look Back at November 2017

The top San Diego economy news stories, real estate statistics, bond rates, stock indices, and more for the month of November:

  • The congressional tax reform bill is set to do away with mortgage interest tax deductions.
     
  • Plans by the VA to cut funding for housing homeless veterans have been reversed after public outcry.
     
  • 63% of all homeowners with a mortgage now have positive equity on their home (meaning that they owe less than their home’s value).
     
  • The median sales price of all San Diego homes was $540,000, which is 1.9% lower than last month and 4.25% higher than last year.
     
  • There were 3,139 home sales in November, which is 19.35% higher than October and .57% less than last November.
     
  • The median number of days on the market was 25 days, which is up 19.04% from October and down 10.71% from last year.
     
  • 24.1% of the homes sold in November were sold for higher than their listing price, which is down 5.49% from October. However, this is a whopping 13.15% difference from last ...

What's Determines Mortgage Rates (and How Can I Get a Better One)?

When financing what will probably be the largest purchase you will ever make (a home), mortgage interest rates are at the center of the discussion, and for good reason. The mortgage rate will show the cost of borrowing that money. If you’ve followed mortgage rates in the past, then you know that they fluctuate on a daily basis just like the stock market, but what is behind that fluctuation? We will discuss how mortgage rates are determined and how to get a better mortgage rate. Some of these indicating factors are in your control while others are not.

In Your Control

Property Type

Did you know that the property type you decide to buy will have a small influence on the mortgage rate you receive? Purchasing land, a house, a condo, town-home, or even if the house is in a gated community often referred to as a “Planned Unit Development”. Although the rate difference between purchasing a condo or a house will not be too much, ...


What Was the Most Expensive Home Sold in the Last Year?

Champagne Glasses

San Diego has a wide variety of homes to choose from, whether you’re looking for a beachfront property, a spacious rural farmhouse, or a smaller and more functional home. Today we’re going to be focusing on the pricier end of the spectrum with a look at the 1802 Ocean Front in Del Mar, the most expensive home to sell in the last year.

1802 Ocean Front, Del Mar, CA 92014

1802 Ocean Front

This 4,000 square foot beachfront home sold mid-December 2016 for a whopping $18 million dollars. So what exactly can $18 million dollars get you?

Kitchen

Laundry Room

Bathtub

In addition to 4 spacious bedrooms, 3 full bathrooms, a half bathroom, and ...


Free Things to Do in San Diego for the Month of December

San Diego has a massive amount of great ways to spend your time. However, going out isn't always easy on the wallet, so here's a list of free San Diego events that won't break the bank.

December 1-2

Balboa Park December Nights Noon to 11 PM

Head down to Balboa Park for the 40th annual December Nights for a night of artistic performances from local dance troupes and artists. You can also visit the museums and taste the diverse culinary treats that Balboa has to offer. 

Mission Trails Wildlife Tracking Walk 8:30 AM

Take a 2 hour hike through the Oak Grove Loop Trail with local experts to learn how to find and identify tracks and other signs of the park’s wildlife. This is an easy and informative hike that you can take the whole family on!
*Cancelled in the event of rain


Make Someone Thankful: San Diego’s Best Non-Profit Organizations

Photograph

This Thanksgiving, families all across the United States will be sharing the things that they are grateful for with one another. Giving thanks allows us to take a good look at what we take for granted, so why not turn that into an opportunity to give others something to be grateful for? To start, we’d like to showcase some of our favorite San Diego charities.

San Diego Center for Children

Center for Children Classroom

Founded in February of 1887, the San Diego Center for Children (the Center) is the county’s oldest children’s non-profit serving children, teens and families. The Center bolsters the community by offering therapeutic, educational, foster care and transition services to youth and families struggling with mental, emotional and behavioral disorders. Today, with 8 program sites and community-based services within hundreds ...


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