San Diego, CA

San Diego weekly real estate update

Published

3 years ago

April 27, 2022

In response to the Mortgage Bankers Affiliation, mortgage functions are down 5% since final week. With mortgage charges rising and median residence costs trending in the identical route the declining pattern in residence gross sales (down 4.5% yr over yr) seems to proceed. As of March 2022, the Nationwide Affiliation of Realtors has discovered that median residence costs have gone up 15% yr over yr, leaping as much as $375,300. Rising rates of interest mixed with a low stock of houses has put a wrench within the hope of patrons all throughout the U.S.

Freddie Mac this week reported that the common mortgage price for a 30-year mounted mortgage hit 5.11% That is solely a 0.11% rise from final week. Nonetheless, persevering with price will increase appear to be placing a pin in many individuals’s ambitions for homeownership.

“Ongoing considerations about speedy inflation and tighter U.S. financial coverage continued to push Treasury yields increased, driving mortgage charges to their highest stage in over a decade. Charges elevated throughout the board for all mortgage sorts, with the 30-year mounted price hitting [nearly] 5.2%, the very best stage since 2010,” stated Joel Kan, MBA’s Affiliate Vice President of Financial and Trade Forecasting.

That will help you keep present available on the market, ZeroDown compiled a weekly actual property market report utilizing information from Redfin. Statistics are as of the 4 weeks ending April 17, 2022. Metros with greater than 50 houses offered throughout this time interval had been thought of for metro-level rankings for every statistic.

Median gross sales value

San Diego, CA metro space:
– Median gross sales value: $863,750
– One-year change: +18.8%

Metros with highest median gross sales value
#1. San Francisco, CA metro space: $1.6 million
#2. San Jose, CA metro space: $1.6 million
#3. Santa Cruz, CA metro space: $1.4 million

Metros with lowest median gross sales value
#1. Cumberland, MD metro space: $115,350
#2. Saginaw, MI metro space: $126,788
#3. Springfield, OH metro space: $133,000

Median gross sales value per sq. foot

San Diego, CA metro space:
– Median gross sales value per sq. foot: $584
– One-year change: +25.1%

Metros with highest median gross sales value per sq. foot
#1. San Francisco, CA metro space: $1,122
#2. San Jose, CA metro space: $957
#3. Kahului, HI metro space: $927

Metros with lowest median gross sales value per sq. foot
#1. Cumberland, MD metro space: $74
#2. Pine Bluff, AR metro space: $83
#3. Saginaw, MI metro space: $93

Gross sales to record value ratio

San Diego, CA metro space:
– Common gross sales to record value ratio: 1.06
– One-year change: +0.03

Metros with highest gross sales to record value ratio
#1. Oakland, CA metro space: 1.15
#2. San Jose, CA metro space: 1.14
#3. San Francisco, CA metro space: 1.13

Metros with lowest gross sales to record value ratio
#1. Cumberland, MD metro space: 0.97
#2. Utica, NY metro space: 0.97
#3. Gadsden, AL metro space: 0.98

Houses offered with value drops

San Diego, CA metro space:
– Houses offered with value drops: 6.4%
– One-year change: -1.3%

Metros with most houses offered with value drops
#1. Watertown, NY metro space: 34.1%
#2. Cumberland, MD metro space: 31.3%
#3. New York, NY metro space: 30.6%

Metros with least houses offered with value drop
#1. Crestview, FL metro space: 0.4%
#2. Seattle, WA metro space: 3.4%
#3. San Jose, CA metro space: 3.6%

Off market in two weeks

San Diego, CA metro space:
– Off market in two weeks: 75.4%
– One-year change: +5.3%

Metros with probably the most houses off market in two weeks
#1. Seattle, WA metro space: 90.7%
#2. Olympia, WA metro space: 89.2%
#3. Rochester, NY metro space: 88.3%

Metros with the least houses off market in two weeks
#1. City Honolulu, HI metro space: 3.2%
#2. Appleton, WI metro space: 4.6%
#3. Oshkosh, WI metro space: 6.5%

Months of provide

San Diego, CA metro space:
– Months of provide: 3.8 months
– One-year change: -0.9 months

Metros with probably the most months of provide
#1. Atlantic Metropolis, NJ metro space: 18.5 months
#2. McAllen, TX metro space: 17.8 months
#3. New York, NY metro space: 17.4 months

Metros with least months of provide
#1. Lewiston, ME metro space: 2.2 months
#2. Portland, ME metro space: 2.9 months
#3. Olympia, WA metro space: 3.1 monthsThis story initially appeared on ZeroDown and was produced and distributed in partnership with Stacker Studio.

Source link

San Diego, CA

Flu cases continue to climb nationwide and in San Diego County

Published

4 hours ago

January 5, 2025

Press Room

Flu cases continue to climb nationwide and in San Diego County

SAN DIEGO (KGTV) — The bug is biting. Flu cases continue to climb nationwide and right here at home, and San Diego doctors said we’re not immune to the trend.

Flu cases have increased year by year and this season, the peak reached 3,567 cases, the highest its been in about five years, according to data from San Diego County.

The numbers show that during and after the pandemic, cases continue to rise, and local doctors, like Dr. Nick Saade with Sharp Memorial Hospital, said the data reflects what he’s seen too.

“The short answer is yes, we are seeing more cases than recent years,” said Dr. Saade. “There’s definitely been kind of like a more rapid increase in the number of cases and a larger number of cases around this time when you compare it to the last four or five years or so.”

Dr. Saade said trends are going back to where they were before COVID. That’s because during the pandemic, many were taking measures to protect themselves with masks, washing hands, and social distancing.

“But when you look back further than that, you find that the cases and the rates of increase of cases are probably more consistent with what you saw in the pre-pandemic levels,” said Dr. Saade.

The Centers for Disease Control and Prevent reports nationwide, visits to the emergency room because of influenza are high and continue to increase.

Symptoms include fever, chills, cough and sore throat, but Dr. Saade said there are preventative steps you can take, like keeping distance and practicing good hygiene.

“There’s a number of ways you can catch a bug this winter season,” said Dr. Saade. “So it could be contaminated surfaces, contaminated food and water, direct contact with other individuals.”

He said while getting teh shot may not completely prevent you from getting the illness, but your symptoms won’t be as severe.

Source link

San Diego, CA

Escondido reptile rescue facing higher costs, at risk of closure

Published

12 hours ago

January 5, 2025

Press Room

Escondido reptile rescue facing higher costs, at risk of closure

One of the largest reptile rescues in the country hopes 2025 is better than 2024.

The EcoVivarium Reptile Sanctuary and Museum cares for 400 snakes, lizards, and turtles at its facility in Escondido. Most of their tenants were saved from bad owners or bad situations. However, the extreme rate of inflation in the last year has EcoVivarium’s owner worried.

“Everything is going through the roof right now,” sighed Susan Nowicke, who founded EcoVivarium 15 years ago.

“Like every other Californian, our insurance rates more than quadrupled,” she explained.

Nowicke said their utility bill doubled and they pay $10,000 a month in rent. None of those expenses include the cost of caring for the wide variety of animals.

“My staff work for minimum wage,” Nowicke added with tears in her eyes. “I’m not proud of that fact. I would like to pay all of them what they are worth. They are worth far more than that. And they deserve more than that for the work they do. They work hard.”

The money EcoVivarium makes from tours and grants likely won’t cut it in 2025. Making matters worse, the nonprofit doesn’t make any extra money from local governments or other rescues when they take on another reptile.

“They have their funding to run their operations,” Nowicke shrugged. “They expect us to have our funding to run our operations.”

Begrudgingly, Nowicke said they need $250,000 more every year to serve the community and the reptiles.

“I’m very concerned. I am very, very concerned for our future,” she said.

Nowicke said they are also at capacity. EcoVivarium can’t take on anymore rescues until they get more room and more funding.

Source link

San Diego, CA

Can a once-toxic shoreline solve Mission Bay’s recreation needs? San Diego readies rival visions for South Shores

Published

20 hours ago

January 5, 2025

Press Room

Can a once-toxic shoreline solve Mission Bay’s recreation needs? San Diego readies rival visions for South Shores

An overhaul of the long-neglected area could help anchor major changes coming to other parts of Mission Bay: Fiesta Island and the bay’s entire northeastern corner.