Home Buyers San Diego

 

San Diego home Prices

Trends in home prices in San Diego County and Southern California.

August 2009

Home prices are going up again!

Kensington is currently recovering after a almost 20% of the peak in 2006, prices slowly start growing up again. Relatively Kensington, San Diego home prices decreased less than almost all other areas.

 

Kensington, San Diego Real Estate Listings
Homes for sale and recently sold in Kensington and Kensington Heights.

 

 


 

Trulia shows trends in median home prices in San Diego: Areas like Kensington beat the trends:

  march 09 3 mon. ago 1 year ago 5 years ago
San Diego $270,000 $295,000 $365,000 $403,500
         
Kensington $645,000 $524,625 $665,000 $655,500
         
Normal Heights $159,530 $193,500 $300,000 $306,000
         


Elements which effect the Home Price :

Interest Rates

November 2010

  Loan/ Value home   Rate APR
ING 5/1 Orange Mortgage Years 1-5
Fixed Rate - 0 points
80% or less < 500K 3.125% 3.269%
Wellsfargo 5-Year ARM - 1 point 80% or less < 417K 2.875% 3.126%
Wellsfargo 30-Year Fixed - Jumbo 80% or less > 625.500 4.875% 5.012%

August 2009

  Loan/ Value home   Rate APR
ING 5/1 Orange Mortgage - no points 75% or less < $500K 4.500% 4.098%
    > 500K 5.000% 4.284%
Wellsfargo 5-Year ARM - 1 point 75% or less < 697.500 4.50% 4.071%
    > 697.500 5.250% 4.353%

Rates are based on Excellent Credit Score

Economy

Jobless rate for San Diego County:
June 2009: 10.1%
June 2008: 5.4%

Government

Tax credit for first time home buyers available up to $8000 (10% of purchase price).