Want to know how the housing market in North San Diego County is lately? Check out the latest HomeDex highlights below:

The housing and stock markets continue to be the leaders in the economy. In August, showings and pending sales remained at strong levels while the housing market inventory remained limited, continuing the competitive bidding market we have seen in recent months. With the stock indexes at or near record highs as mortgage rates remain near record lows, signs point to a busy fall housing market.

Closed Sales increased 8.8 percent for Detached homes and 12.8 percent for Attached homes. Pending Sales increased 26.8 percent for Detached homes and 24.6 percent for Attached homes.

The Median Sales Price was up 17.1 percent to $820,000 for Detached homes and 10.8 percent to $500,000 for Attached homes. Days on Market decreased 27.0 percent for Detached homes and 17.6 percent for Attached homes. Supply decreased 54.8 percent for Detached homes and 41.7 percent for Attached homes.

As we look towards the fall, we normally see housing activity begin to slow a bit as the back-to-school season begins, but this year is far from normal. While uncertainty remains on what effects the upcoming elections and any seasonal resurgence of COVID-19 may have on the financial and housing markets, the healthy housing demand we see today will create significant tailwinds in the near term.

For more information related to the HomeDex housing market report please visit TheLawheadTeam.com!

The housing market continues to stay competitive according to the latest HomeDex Report for North County San Diego attached and detached homes:

Just like last year at this time, prospective home buyers should expect a competitive housing market for the next several months. With payrolls trending upward and unemployment trending downward month after month in an extensive string of positive economic news, demand remains quite strong.

Given the fact that gradually rising mortgage rates often infuse urgency to get into a new home before it costs more later, buyers need to remain watchful of new listings and make their offers quickly.

Closed Sales decreased 18.4 percent for Detached homes and 17.0 percent for Attached homes. Pending Sales decreased 5.9 percent for Detached homes and 3.4 percent for Attached homes.

The Median Sales Price was up 4.0 percent to $728,000 for Detached homes and 10.0 percent to $480,000 for Attached homes. Days on Market decreased 7.1 percent for Detached homes and 19.0 percent for Attached homes.

Supply increased 8.3 percent for Detached homes and 14.3 percent for Attached homes.

Although home sales may actually drop in year-over-year comparisons over the next few months, that has more to do with low inventory than a lack of buyer interest. As lower days on market and higher prices persist year after year, one might rationally expect a change in the outlook for residential real estate, yet the current situation has proven to be remarkably sustainable likely due to stronger fundamentals in home loan approvals than were in place a decade ago.

Want to find out more about the HomeDex Report for your home? Call The Lawhead Team!

The Lawhead Team would like to share the latest HomeDex Report for median sales prices for detached single-family homes in Cardiff, Carlsbad, Aviara, and Encinitas.

Median Sale Price – Detached Single-Family 

Rolling 12-Month Calculation

• 92024 Encinitas —
• North San Diego County —

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• 92011 Carlsbad —
• North San Diego County —

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• 92009 Carlsbad —
• North San Diego County —

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• 92007 Cardiff —
• North San Diego County —

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Source: North San Diego County Association of REALTORS

The Lawhead Team would like to share the latest housing affordability statistics for detached homes in North San Diego area from HomeDexTM

The Lawhead Team would like to share the HomeDex Report’s latest key points for North County housing from the California Association of Realtors.

HomeDex April 2015 Summary Report for Single-Family Detached Homes:

The Lawhead Team would like to share the HomeDex Report’s latest key points for North County housing from the California Association of Realtors.

HomeDex March 2015 Summary Report for Single-Family Detached Homes:

• The median price for all North County home sales – attached and detached – increased to $526,000 in March 2015, compared to $482,700 in February 2015.
• Detached homes in North County jumped 10.37 percent in March to $617,500, compared to $559,500 in February 2015. Year-over median SFD price increased 11.06 percent, compared to $556,000 reported in March 2014.
• Detached home prices OUTSIDE North County increased 2.15 percent to $475,000 in March 2015 compared to $465,000 in February 2015. Year-over non-North County median price increased 5.56 percent compared to $450,000 in March 2014.
• Attached home prices in North County increased by 6.07 percent to $374,950 in March 2015 compared to $353,500 in February 2015. Year-over SFA North San Diego County median price jumped 16.15 percent, compared to $322,813 in March 2014, continuing 38 straight months of year over price increases.
• Non-North County attached home prices increased 1.52 percent to $335,000 in March 2015 compared to $330,000 in February 2015. Year-over non-North County SFA median price jumped 15.26 percent, compared to 290,650 in March 2014.
• The number of North San Diego SFD listings (active and contingent) increased 7.5 percent in March 2015 compared to February 2015, and increased 4.97 percent year-over compared to March 2014.
• The number of sold North San Diego County SFD units increased 34.81 percent in March 2015 compared to February 2015. Year-over sold SFD units increased 11.37 percent compared to March 2014.
• Median days-on-market for single-family detached homes sold in North County decreased to 22 days in March 2015 compared to 34 days in February 2015.
• The HomeDex affordability percentage for all homes in North San Diego County – attached and detached was 33 percent in March 2015.

The Lawhead Team would like to share the 2014 Year End Report from the California Association of Realtors® HomeDex Report for North San Diego County.

Single-Family Detached Median Prices and Home Characteristics

• The median price for North San Diego County single-family detached (SFD) homes sold increased 7.22 percent in 2014, to $579,000 in 2014 compared to $540,000 in 2013.
• Median price-per-square foot increased 9.10 percent, from $255 in 2013 to $278 in 2014.
• The number of SFD homes sold San Diego County decreased 9.7 percent in 2014 compared to 2013.
• The decreased sales offset the increase in prices, leading to a 1.50 decrease in total sales volume (total value of all homes sold) in 2014 from 2013.

Housing Affordability – Single-Family Detached Homes

• The monthly payment for a conventional mortgage – including principal, interest, property taxes, and insurance – for the median-priced SFD home in North San Diego County ranged between $2,826 and $3,074 in 2014.
• The percent of San Diego County households that could afford the median-priced SFD home in North County ranged between 24 and 28 percent in 2014, according to the North San Diego County HomeDexTM. In non-North County, the percentage of households that could afford the median-priced home in 2014 ranged between 36 and 39 percent.

Single-Family Attached Median Prices and Home Characteristics

• The median-priced single-family attached (SFA) home in North San Diego County increased 11.96 percent, from $326,000 in 2013 to $365,000 in 2014.
• Median SFA home price per-square-foot increased 11.57 percent, from $262 in 2013 from $292 in 2014.
• The number of sold SFA homes decreased 1.52 percent from 2013 to 2014.
• Total dollar sales volume increased 10.36 percent in 2014 compared to 2013.

Housing Affordability – Single-Family Attached Homes

• The monthly payment for a conventional mortgage (principal, interest, property taxes, and insurance) to purchase the median-priced SFA home in North San Diego County during 2014 ranged between $1,642 and $1,988.
• The percent of San Diego County households that could afford the median-priced SFA home in North County ranged between 43 and 53 percent in 2014, according to the North San Diego County HomeDexTM. affordabilty.