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San Diego Real Estate, Million Dollar Homes
San Diego county has always been known for its Luxury Homes, yet in 2004 San Diego County luxury home sales (homes over $1,000,000) hit an incredible 2774 total units, an increase of almost 170% over total sales in 2003! In the entire State of California, A total of 33,107 homes sold for a million dollars or more last year. That was up 73.5 percent from 19,080 in 2003. The total was 13,871 in 2002, according to DataQuick Information Systems. "A million dollars just isn't what it used to be when it comes to San Diego real estate. Because of appreciation, low interest rates, and San Diego's Draw as a retirement community, more homes are in the million-dollar category than was the case earlier. In fact, so far in 2005 San Diego County MLS shows that there has already been 2130 homes Sold in San Diego County for over $1,000,000 with an additional 607 that are currently in escrow! Looks like another record year. Million-dollar sales accounted for 5.0 percent of all California home purchases in 2004. In San Diego Count, Million-dollar home sales accounted for 6.5% of the total Attached and Detached San Diego County Real Estate Sales. Statewide, there were 221 sales for more than $5 million last year, 237 sales were in the $4-$5 million range, 690 in the $3 million range, 2,894 sales in the $2 million range, and the rest between $1 million and $2 million. The numbers include home sales where it could be determined from public records that there was a buyer, a seller, that money changed hands, and that there was a legal transfer of property ownership. Not included were property swaps, sales of multiple lots, teardowns, and large farm or ranch properties. Home sales to companies were included, as were sales to trusts. Rancho Santa Fe in San Diego County is a community where virtually all home sales were in the million- dollar category. According to DataQuick; Around 15 percent of the buyers paid cash, up from 12 percent in 2003. Of those who financed their purchase, the median down payment was 25 percent of the purchase price. Lending institutions most willing to provide mortgage financing were Washington Mutual, Countrywide Home Loans and Wells Fargo. With San Diego Counties amazing price appreciation, the incredible climate, and the constraints on real estate development... it is this real estate professionals opinion that San Diego County will soon have many zip codes with nothing buy $1,000,000+ home sales. Bob Crain - President
MORE RESOURCES: Prologis Warns of Slowing Industrial Real-Estate Market The Wall Street Journal Former HGTV star from Los Gatos sentenced in $10M real estate fraud case CBS San Francisco Office market collapse: Commercial foreclosures spike 117% in a year Business Insider 'It was surprising.' Metro Detroit man caught up in real estate scam; here's how to protect yourself WXYZ 7 Action News Detroit 21 Largest Real Estate Companies in the World Yahoo Finance Big Tech Is Downsizing Workspace in Another Blow to Office Real Estate The Wall Street Journal Real Estate Briefs | April 19 | News, Sports, Jobs Cape Coral Breeze Banks' Commercial Real Estate Risks Are Uneven Federal Reserve Bank of Kansas City Inked: Recent LI real estate deals Long Island Business News TikTok’s Origin Story: Court Files Show Role of GOP Megadonor Jeff Yass The New York Times Blackstone Earnings Rise as Investment Giant Projects Commercial Real Estate Recovery - CoStar Group Motley Fool: Investors could trust real estate The Spokesman Review Real Estate Minute – 04-18-2024 KFDX - Texomashomepage.com Real Estate Balance Announces Chair CoStar Group Real Estate Transactions: April 19, 2024 The Recorder Real Estate: Q1 2024 - Coronado Real Estate Market Update Coronado Times Newspaper Southeastern Wisconsin industrial real estate market softens in Q1 BizTimes Milwaukee Inside PROFILEconnect 'A Night at The Museum' Real Estate Impact Conference at the Coral Gables Museum PROFILE Miami Google's Strategic Job Cuts Reflect Ongoing Cost-Cutting Measures, Affecting Real Estate and Finance Departments Yahoo Finance Legacy Hills neighborhood in Celina wins award at DBJ Best Real Estate Deals - Dallas Business Journal The Business Journals Jefferson at the Grove apartments among DFW's Best Real Estate Deals - Dallas Business Journal The Business Journals 'A Man in Full,' starring Jeff Daniels as an Atlanta real estate mogul, dropping May 2 FOX 5 Atlanta Inside Savannah Homes: $6.475M Historic Monterey Square home Savannah Morning News S.F. housing market: Still very few homes, selling even faster San Francisco Chronicle Mike Wyatt honored with Lifetime Achievement Award for brokerage career, community support - Dallas Business Journal The Business Journals Tom Thumb southern Dallas named one of Dallas' Best Real Estate Deals - Dallas The Business Journals Will It Be a Pricier Housing Market in Spring 2024? Norada Real Estate Investments Mixing real estate & renewable energy to help build greener world NoCamels - Israeli Innovation News Blackstone Real Estate Earnings up 15% in First Quarter The Real Deal EquityMultiple Bullish on Industrial Real Estate Sector, Brings Opportunity to Individual Investors Newswire Why you might not need a real-estate agent when buying a home Business Insider WHO?! This Southern Utah Town Is A Real Estate Hot Spot! Cat Country 107.3 and 94.9 AI in real estate discussed during virtual forum Westfair Online The Real Estate Top Performers share tips for buying or selling a house in today's market! WUSA9.com Documentary shows roots of segregation were planted in Chicago Tribune Palm Beach home-sale median price up sharply, new Q1 reports show Palm Beach Daily News High Country Real Estate: First Quarter 2024 High Country Press Real estate mogul concerned how Americans will deal with squatters: ‘Something really bad is going to happen’ Fox Business Millennials Are Coming for Your Golf Communities The Wall Street Journal Boise Real Estate Market Steady Amidst California's All-Time Low KIDO Talk Radio Celebrity real estate agent Mauricio Umansky explains when housing prices will come down Fox Business ‘It doesn’t smell right.’ Michigan councilman linked to $69,000 marijuana real estate sale MLive.com A new real estate trend? Shopping malls converted into residential units in South Florida NBC 6 South Florida China home prices slumped in March as property crisis drags on Business Insider Will Hilton Head real estate pricing rules change this summer? Here’s what’s in play Hilton Head Island Packet Fannie Mae, Freddie Mac clarify real estate commission rules National Mortgage News REAL ESTATE | The Lofts at Cedar Lake include access to a 245-acre wooded campus washingtoncountyinsider.com Tiny California home the size of a hotel room will sell for 'considerably' more than its $1.7M asking price New York Post Real estate: Buyer’s agents’ role in today’s real estate market Main Street Media of Tennessee Retirees: Is it time to downsize, even in this real estate market? Effingham Daily News |
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