Tuesday, August 25, 2009
San Diego Home Sales Increase Compared to '08
Home sales in San Diego jumped to twelve percent compared to last year, while prices dropped almost fifteen percent. I just posted an article on my San Diego real estate news section on my website. Read the entire article.
Monday, August 24, 2009
Median Sales Price for Southern California Rises Again
Southern California home sales for July were 20% lower than July 2008. The median
price of homes for the region rose from June to July, the third consecutive monthly
increase. The median is just one percent above June’s median, but still 22% below
July of 2008.
July home sales across the six counties of Southern California totaled more than
24,000. Still almost 9% lower than the average number of home sales in July since
1988.
The increase in sales can be attributed to the lower prices, lower interest rates,
abundance of FHA backed loans. Foreclosures accounted for about 44% of all sales in
July, the lowest percentage in 13 months. The highest proportion of foreclosures to
home sales was 58% in February.
Search La Jolla real estate, or Downtown San Diego condos
price of homes for the region rose from June to July, the third consecutive monthly
increase. The median is just one percent above June’s median, but still 22% below
July of 2008.
July home sales across the six counties of Southern California totaled more than
24,000. Still almost 9% lower than the average number of home sales in July since
1988.
The increase in sales can be attributed to the lower prices, lower interest rates,
abundance of FHA backed loans. Foreclosures accounted for about 44% of all sales in
July, the lowest percentage in 13 months. The highest proportion of foreclosures to
home sales was 58% in February.
Search La Jolla real estate, or Downtown San Diego condos
Tuesday, August 11, 2009
Local Home Builder Going Under
A local home builder, Barratt American, switched its bankruptcy filing from Chapter 11 to Chapter 7 last week because the company’s creditors claimed that any attempt at reorganization would be unsuccessful.
Through June, there were only 908 building permits issued in San Diego County, compared to 1,409 from January to June 2008. During the hpising boom, in 2005, there were 4,795 permits issued through June. Yet, surprisingly, Barratt is one of just a few builders to go under. Barratt is chiefly known as the developer for the master-planned Fanita Ranch community in Santee. Approved for 1,400 homes in 2007, the community is in jeopardy itself. The two mortgage holders are currently in the beginning stages of foreclosure. Search La Jolla foreclosures, or other La Jolla real estate
Through June, there were only 908 building permits issued in San Diego County, compared to 1,409 from January to June 2008. During the hpising boom, in 2005, there were 4,795 permits issued through June. Yet, surprisingly, Barratt is one of just a few builders to go under. Barratt is chiefly known as the developer for the master-planned Fanita Ranch community in Santee. Approved for 1,400 homes in 2007, the community is in jeopardy itself. The two mortgage holders are currently in the beginning stages of foreclosure. Search La Jolla foreclosures, or other La Jolla real estate
Friday, August 7, 2009
Coronado Naval Base Going Solar
Synergy Electric Company, Inc. was awarded a $3.93 million contract to install roof-mounted solar power systems(SPVPS) at Naval Base Coronado, as part of the American Reinvestment and Recovery Act.
The company will be installing more than 133,000 square feet of SPVPS on three buildings at the base. The project includes the demolition of the existing roof, installation of the new roof, and installation of the SPVPS.
The SPVPS will supply electrical power to the buildings and divert the excess power back into the local civilian power grid. The work is scheduled to be completed by January next year.
The company will be installing more than 133,000 square feet of SPVPS on three buildings at the base. The project includes the demolition of the existing roof, installation of the new roof, and installation of the SPVPS.
The SPVPS will supply electrical power to the buildings and divert the excess power back into the local civilian power grid. The work is scheduled to be completed by January next year.
Subscribe to:
Posts (Atom)