The July Housing Market Report from Sandicor is very interesting. Across San Diego, the number of home closings went down 6.5% for Detached homes and 12.5% for Attached homes. The number of homes in escrow went down 1.6% for Detached homes and 2.1% for Attached homes. Inventory increased 6.4% for Detached homes and 24.8% for Attached homes. However, the Median Sales Price was up 6.8% to $657,000 for Detached homes and 6.7% to $432,000 for Attached homes.
A developer is proposing a 72-acre project near Rancho Peñasquitos that aims to become a new model for suburban development in San Diego — a densely built, walkable community with the sense of place you find in more urban areas. People who feel traditional suburbs are isolating and too car-dependent will now have a option other than moving back into San Diego’s more urban areas, developer Gary Levitt said by phone.
"In a way we are really turning the American Dream on its head and saying we want to live closer to our neighbors in an urban environment where you can walk to the coffee shop or grab a beer with your friends without a car," Levitt said. “We are re-evaluating what the suburbs are and what good planning means for these suburbs."
San Diego had the seventh-highest home price increase in the nation in February, said a key real estate index released Tuesday. The region’s home price increased by 7.6 percent in a year, said the S&P CoreLogic Case-Shiller Indices. Seattle had the biggest increase in a year at 12.7 percent.
Other California cities covered by the 20-city index outpaced San Diego. San Francisco was up 10.1 percent in a year and Los Angeles up 8.3 percent. All cities covered in the index experienced gains, which experts attribute to a strong economy and limited home supply.
Sidecar Doughnuts & Coffee is coming to Del Mar Highlands Town Center this fall, filling the space left vacant by Bath and Body Works. Since its first brick-and-mortar opened in Los Angeles in 2013, Sidecar has been recognized as home of the “World’s Freshest Doughnuts” and is known for its unique flavors—April’s lineup includes Strawberry Buttermilk, Birthday Cake, Nutella Chocolate Chip, Passion Fruit Matcha and the savory Basil Eggs Benedict.