Tuesday Nov 22, 2011 There were NINE home sales closed Friday over $1 million in San Diego luxury communities. Nine! and one of them was over $9 million and another over $4 million.
There were NINE home sales closed Friday over $1 million in San Diego luxury communities. Nine! And one of them was over $9 million and another over $4 million. Not too shabby. As we wrap up 2011 I get the feeling that the winds of change are starting to stir and might produce a stiff breeze as we head into a stronger 2012.
Another hopeful development was Congress’s reinstatement of the loan limit formula and maximum cap for FHA insured loans. Read about that here. For San Diegan’s especially, since many of our home loans are at the higher end of the limit and would have been priced out of the FHA, this is important news that will take one more roadblock out of the home buying process.
Another bright spot were home sales in October– up from expected numbers and the median price is UP from the same period last year in some key areas: Coronado +17.9% Rancho Bernardo East + 10.2% Rancho Santa Fe + 14.8% Cardiff + 26.2% See the full chart here.
Everyday you can see what SOLD by just visiting our website!