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Real Estate Information |
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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: Compass reports best-ever quarter, takes aim at portals Real Estate News by RealEstateNews.com Blackstone Executive Wesley LePatner Died in NYC Shooting Business Insider VHT Studios shutdown has real estate firms rushing to fill the void Crain's Chicago Business Atlanta real estate mogul, former Hawks owner Tom Cousins dies at 93 Atlanta News First Atlanta real estate tycoon Tom Cousins has died at 93 Rough Draft Atlanta CoStar sues Zillow over photos, claims ‘systematic infringement’ Real Estate News by RealEstateNews.com Company That Owns Apartments.com Sues Zillow Over Rental Listing Photos The New York Times Carl Rodrigues named Vanderbilt’s inaugural vice chancellor for real estate, facilities and development Vanderbilt University Real estate: Home prices climb in Martin, Indian River counties; fall in St. Lucie County Treasure Coast News Real Estate Investment Trusts Score Legislative Wins Forvis Mazars US Real estate developer Brandon Chasen agrees to enter bankruptcy The Baltimore Banner Seattle-area real estate startup Flyhomes raises $15M as it pivots to 'Buy Before You Sell' model GeekWire New bill aims for stricter penalties against real estate brokers who violate housing discrimination laws The Bay State Banner Fed resists pressure to lower rates at July meeting Real Estate News by RealEstateNews.com Big Moves in Tucson: KMS Realty Merges with United Real Estate Specialists to Expand Services and Reach PR Newswire After 30 years, Linda A. Gary Real Estate moves office from prominent Worth Avenue corner Palm Beach Daily News Brokerage Growth Dominated by New Models Mike DelPrete - Real Estate Tech Strategist Jersey County property sales recorded July 21-25 Alton Telegraph Central Pa. real estate company expands to Georgia Central Penn Business Journal IGB Commercial Real Estate Investment Trust Second Quarter 2025 Earnings: EPS: RM0.012 (vs RM0.007 in 2Q 2024) Yahoo Finance NAREB Wealth Building Expo Changes Narrative by Supporting Black Real Estate Ownership, Black Real Estate Professionals Los Angeles Sentinel How Zay Brown Redefines Real Estate With Relationships, Transparency And Purpose International Business Times SRS Real Estate Partners Arranges $7.5 Million Ground Lease Sale of Wawa in Jackson Township, NJ citybiz Real estate: Condo prices rise in Indian River County; fall in Martin, St. Lucie counties Treasure Coast News Mortgage Rates Today: The States Offering Lowest Rates – July 30, 2025 Norada Real Estate Investments I-78/I-81 Corridor commercial real estate activity picking up Lehigh Valley Business Finance Guru Dave Ramsey Built This Lavish Tennessee Estate—Now It's Back on the Market for $15 Million Realtor.com AI that replaces ‘human hires’; another brokerage deal for Canva Real Estate News by RealEstateNews.com Aperture Global Real Estate Announces Partnership With Rechat to Power the Next Era of Luxury Real Estate Business Wire Morris Manning Real Estate Team Decamps to Barnes & Thornburg Bloomberg Law News Troy Furbay has been appointed Managing Director, Hospitality at Crescent Real Estate LLC Hospitality Net CREFC Sentiment Index Surges in Q2 2025, Signaling Rebound in CRE Market Optimism Boston Real Estate Times Slain Blackstone executive was a real estate powerhouse Crain's New York Business NAR Pending Home Sales Report Shows 0.8% Decrease in June National Association of REALTORS® Fed Holds Interest Rates Steady for the Fifth Time in 2025 Norada Real Estate Investments Troy Furbay Appointed Managing Director of Hospitality at Crescent Real Estate LLC to Drive Strategic Growth Travel And Tour World Mortgage Rates Predictions for the Next 90 Days: August to October 2025 Norada Real Estate Investments Judge sides with LGBTQ+ Alliance in battle with ex-CEO Real Estate News by RealEstateNews.com Building Generational Wealth through Real Estate Atlanta News First 10 metro Detroit suburbs where homebuyers can still find a deal Detroit Free Press Richland County property transfers recorded July 21-24 Mansfield News Journal The real estate market: 5 key themes to watch this week Real Estate News by RealEstateNews.com US industrial real estate investor Terreno sells $82m portfolio IPE Real Assets Top residential real estate sales for July 14-18 in Longboat, Lido, St. Armands, Bird Key Your Observer Real estate trends highlighted Morrow County Sentinel How people are weaponizing state systems: ‘We file liens that crush their credit’ Los Angeles Times Double digit price increases for Putnam real estate Mid Hudson News Universities leverage their real estate amid financial shortfalls and demographic cliff The Business Journals Christie’s Debuts Crypto Real Estate Division The New York Times |
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