Coastalhomefinder.com

 Tax Credit Hangover with a side of ebb

The North San Diego coastal real estate market is charging ahead of many markets across America. June 2010 was the 11^th straight month of median price gains, up 15.66% over June 2009. We were due for a pause,  many are calling it the "Tax Credit Hangover", but just as likely is the fact that we need a bit of a pause to catch our breath. To be sure inventories in some locations and price brackets seem to be building, up to 7.1 months supply of inventory in North San Diego coastal detached homes.  For context, last year we had 8.5 months supply of inventory in June of 2009 and this year in April we got down to as low as 4.75 months supply of inventory.

You can download or view my North San Diego Coastal Real Estate Update for July here. This report offers a yearlong month by month graphical display with a breakdown of all the important numbers including Average Days on the Market, Month's Supply of Inventory, Supply & Demand, New Listings and more. This market dynamics report can be done for your specific zip code and price range as well. Just request one by emailing Loren@CoastalHomeFinder.com

A couple other things of note right now are that Notices of Default are down 41% from last year, which means two things are happening. There is a push to cut down the time it takes to do short sales and also there may be less people falling behind on their mortgage payments. Both are good news for the market.

The other item of note is that mortgage rates are at historical lows, if you are in the position to re-finance now would be a very good time to do so. Also there are some great real estate deals in North San Diego County and with rates this low and prices low as well, now is the time to act.  If you are planning on living in San Diego for awhile or want to retire here now is a great time to buy your dream home. This is a list of Coastal Short Sales and Foreclosures now on the market. If you would like to see one of these homes Call (760)602-1000 or email Loren@coastalhomefinder.com

If you would just like to search for homes in San Diego, you can search by school district, draw your own serch area on a map or use our standard search as well.