Rummage sale in Vacaville to aid Opportunity House
Pick up some great deals and support a good cause at the same time by attending a June 2 rummage sale in Vacaville. The annual event, sponsored by the Kiwanis Club of Vaca Valley, will be from 8 am to 1 pm in the parking lot at Mason and Davis streets.
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Property tips from Grainger
It's no surprise Grainger is a familiar name in auction house catalogues. It's also slightly counter-intuitive that "doing the right things before you sell" doesn't include a paint job: Grainger typically sells properties unmodernised.
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'Extras' now offered in sale of Hepburn estate
Usually, when a property doesn't sell after a year, the owner might consider dropping the price. But the owners of Katharine Hepburn's seaside estate in Old Saybrook are actually raising it by $ 2 million to $ 30 million. But wait until you see the …
Read more on College Times

Pioneer Previews: Syttende Mai Dinner tickets available
Woodcarvers from Bemidji are holding an Open House from 2-5 pm today at the Bemidji Senior Activity Center to display their carving projects from the Scandinavian Flat Plane workshop with expert carver Harley Refsal. The open house and open to the …
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McKinstry: White House hurting the poor
… he figured it would be an easy sell. Build affordable housing. Use county money to do it. Do it quickly. After all, it was only 750 units over seven years and Westchester had been a leader in providing such housing, the Democrat figured.
Read more on Newsday

Big-money Chamber of Commerce to impact elections, mostly for GOP
In February, the pro-business behemoth poured another $ 10 million into ads aimed mostly at weakening Democrats and bolstering GOP members in eight Senate and 12 House contests. Just one ad was supportive of a Democrat's positions.
Read more on Kansas City Star

Really? USC prof. says Prop. 13 must go
Real estate news and views from around the globe that make you go, “Really?” TAX MEASURE OUTDATED? Demographic change and stagnant home prices means that Prop. 13 will become unsustainable, a USC…
Read more on Orange County Register

Really? Lavish apartments used to woo women
Real estate news and views from around the globe that make you go, “Really?” SEDUCTION FACTOR: Rich guys are increasingly buying lavish apartments to woo women. Women see the view, said one bachelor,…
Read more on Orange County Register

US Real Estate Home prices adjusted for inflation plotted as a roll.er coast.er see the chart here: www.speculativebubble.com
Video Rating: 3 / 5

Zillow® Surfaces Thousands of Real Estate Agent Ratings and Reviews
Real estate website Zillow.com®  today launched the ability for home buyers and sellers to search for and find local real estate agents based on ratings and reviews from former clients.  Thousands of consumers have rated and reviewed their agents since Zillow launched the ability to review agents in December.
Read more on PR Newswire via Yahoo! Finance

Real estate agents slump
A shake-up in the real estate industry has caused more than 1400 agent licences to be suspended or cancelled.Although a number of factors contributed to the decline, the sluggish property market and a higher registration cost…
Read more on The New Zealand Herald

Prominent Local Real Estate Broker Missing
Veteran commercial real estate broker Ed Rosenthal was reported missing Sunday evening after his car was found left over the weekend at the Black Rock campground in Joshua Tree National Park.
Read more on Los Angeles Business Journal

Brookfield Properties refocuses on office portfolio, picks up assets down under
TORONTO – Brookfield Properties Corp. plans to sell its residential real estate assets and focus on buying up office towers around the world, beginning in Australia where it will buy a portfolio of properties from its parent company for US.4 billion.
Read more on The Canadian Press via Yahoo! Canada News

Brookfield Properties refocuses on office portfolio, picks up assets down under
TORONTO – Brookfield Properties Corp. plans to sell its residential real estate assets and focus on buying up office towers around the world,
Read more on Canadian Business

Central San Diego Real Estate Market – Mid Year Snapshot of Median Prices (2006) – Single Family Homes

As of this writing, the San Diego real estate markets appears to have shifted from one that favors sellers to one that favors buyers. However, this premise may not hold true for all communities within San Diego, as median prices for some communities continue to rise while others fall.

While there are many metrics to evaluate the real estate pricing trends of a community, one commonly used parameter is to evaluate the median price of homes from one point in time against a prior point of time. The median price reflects the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The median price metric provides one method to analyze the direction of home prices, but should not be used as the sole source of data from which to form conclusions.

The data below is a comparison of median prices for various communities in central San Diego County, comparing data from June 2005 against data for June 2006. This information is only one metric at a particular point in time, and other metrics or data from future months may support or dispute the pricing trends noted below. For some of the San Diego communities presented below, very few homes sold during June 2006, which diminishes the usefulness of the median price metric.

COMMUNITIES WITH INCREASES IN MEDIAN PRICE – SINGLE FAMILY HOMES – JUNE 2006

The data below pertains only to the sales of single-family homes, and does not include condominiums or townhomes. The data is organized by the magnitude of change in median price, with the highest change in median price presented first.

For the Coronado real estate market, the median price was ,775,000, which represents a 14.7% increase from the same time last year. Approximately 15 homes sold in June 2006 (21 homes sold in June 2005).

For the Point Loma real estate market, the median price was ,024,068, which represents an 11.4% increase from the same time last year. Approximately 20 homes sold in June 2006 (14 homes sold in June 2005).

For the University City (UTC) real estate market, the median price was 0,000, which represents a 10.6% increase from the same time last year. Approximately 5 homes sold in June 2006 (19 homes sold in June 2005).

For the La Jolla real estate market, the median price was ,692,500, which represents a 10.3% increase from the same time last year. Approximately 28 homes sold in June 2006 (38 homes sold in June 2005).

For the Logan Heights real estate market, the median price was 5,000, which represents a 7.6% increase from the same time last year. Approximately 13 homes sold in June 2006 (14 homes sold in June 2005).

For the Paradise Hills real estate market, the median price was 7,500, which represents a 5.7% increase from the same time last year. Approximately 8 homes sold in June 2006 (16 homes sold in June 2005).

For the Mission Hills real estate market, the median price was 7,500, which represents a 3.1% increase from the same time last year. Approximately 11 homes sold in June 2006 (12 homes sold in June 2005).

For the Scripps Ranch (Scripps Miramar) real estate market, the median price was 9,250, which represents a 2.8% increase from the same time last year. Approximately 34 homes sold this month (43 homes sold in June 2005).

For the San Carlos real estate market, the median price was 3,000, which represents a 2.4% increase from the same time last year. Approximately 12 homes sold in June 2006 (16 homes sold in June 2005).

For the Del Cerro real estate market, the median price was 7,500, which represents a 2.1% increase from the same time last year. Approximately 13 homes sold in June 2006 (30 homes sold in June 2005).

For the Normal Heights real estate market, the median price was 6,250, which represents a 1.7% increase from the same time last year. Approximately 20 homes sold in June 2006 (19 homes sold in June 2005).

COMMUNITIES WITH DECREASES IN MEDIAN PRICE – SINGLE FAMILY HOMES – JUNE 2006

The data below pertains only to the sales of single-family homes, and does not include condominiums or townhomes. The data is organized by the magnitude of change in median price, with the highest change in median price presented first.

For the Old Town real estate market, the median price was 0,000, which was a 19.1% decline from the same time last year. Approximately 5 homes sold in June 2006 (14 homes sold in June 2005).

For the Golden Hill real estate market, the median price was 1,000, which was a 16.4% decline from the same time last year. Approximately 10 homes sold in June 2006 (13 homes sold in June 2005).

For the Pacific Beach real estate market, the median price was 1,960, which represents a 14.8% decline from the same time last year. Approximately 15 homes sold in June 2006 (19 homes sold in June 2005).

For the Tierrasanta real estate market, the median price was 0,000, which represents a 12.6% decline from the same time last year. Approximately 9 homes sold in June 2006 (17 homes sold in June 2005).

For the North Park real estate market, the median price was 0,000, which represents a 9.7% decline from the same time last year. Approximately 31 homes sold in June 2006 (16 homes sold in June 2005).

For the College Grove real estate market, the median price was 5,000, which represents a 5.9% decline from the same time last year. Approximately 38 homes sold in June 2006 (40 homes sold in June 2005).

For the City Heights real estate market, the median price was 0,00, which represents a 5.3% decline from the same time last year. Approximately 17 homes sold in June 2006 (30 homes sold in June 2005).

For the Mira Mesa real estate market, the median price was 0,000, which represents a 4.7% decline from the same time last year. Approximately 45 homes sold in June 2006 (47 homes sold in June 2005).

For the Linda Vista real estate market, the median price was 0,000, which represents a 4.2% decline from the same time last year. Approximately 16 homes sold in June 2006 (17 homes sold in June 2005).

For the Mission Valley real estate market, the median price was 0,000, which represents a 3.8% decline from the same time last year. Approximately 7 homes sold in June 2006 (18 homes sold in June 2005).

For the Encanto real estate market, the median price was 5,000, which represents a 3.3% decline from the same time last year. Approximately 36 homes sold in June 2006 (47 homes sold in June 2005).

For the Clairemont real estate market, the median price was 5,000, which represents a 2.6% decline from the same time last year. Approximately 30 homes sold in June 2006 (34 homes sold in June 2005).

For the Sorrento Valley real estate market, the median price was 1,000, which represents a 1% decline from the same time last year. Approximately 6 homes sold in June 2006 (5 homes sold in June 2005).

ADVISORY

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time, and is not conclusive of the pricing trends for any community. For some communities presented above, very few homes were sold during June 2006, which makes the use of the median price metric of limited value. The data must be evaluated over a longer duration, and involve multiple metrics to fully understand enduring market trends. Contact your Realtor to obtain information about enduring market trends for any given community.

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