Archive for March, 2010
Great New! The home buyers tax credit incentive has been extended & increased!!!
Wednesday, March 31st, 2010Great New! The home buyers tax credit incentive has been extended & increased!!!Governor signs home buyer tax credit billGovernor Schwarzenegger today signed AB 183, providing $200 million for home buyer tax credits. The bill allocates $100 million for qualified first-time home buyers of existing homes and $100 million for purchasers of new, or previously unoccupied, homes. C.A.R. supported this important legislation since its inception. The tax credit is equal to the lesser of 5 percent of the purchase price or $10,000, taken in equal installments over three consecutive years. Under AB 183 purchasers will be required to live in the home as their principal residence for at least two years or forfeit the credit (i.e. repay it to the state). The eligible taxpayer who closes escrow on a qualified principal residence between May 1, 2010 and December, 31, 2010, or who closes escrow on a qualified principal residence on and after December 31, 2010 and before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010, will be able to take the allowed tax credit. (California Association of Realtors)
Check out this Video! http://gov.ca.gov/press-release/14712/
Click “Here” to Start Searching for a Home Now!
North San Diego County January 2010 Summary Report Single-Family Detached Homes
Tuesday, March 16th, 2010Single-Family Detached Home Prices
• The median price for all homes in North San Diego County – single-family
detached and single-family attached – fell from $370,000 in December 2009 to
$361,000 in January 2010.1
• The median-priced single-family detached (SFD) home in North San Diego
County fell 3.67 percent from $436,000 in December 2009 to $420,000 in January
2010, the second month of price declines. The SFD median price in Non-North
County zip codes decreased 4.53 percent from $353,000 in December 2009 to
$337,000 in January 2010.
• Year-over median SFD price in North San Diego County increased 16.26 percent
from $361,250 in January 2009, continuing a six-month trend of rising year-over
prices. Year-over median price rose 8.7 percent in Non-North County from
$310,000 in January 2009, the fourth straight month of year-over increases.
• The countywide median SFD price decreased 5.06 percent from $385,000 in
December 2009 to $365,500 in January 2010, but increased 11.53 percent yearover
from January 2009 for the fifth month of year-over price increases countywide.
• The median days-on-market for North San Diego County SFD homes fell to 33
days in January 2010 from 38 in December 2009. The average number of dayson-
market decreased from 69 in December 2009 to 68 in January 2010.2
• The SFD median price-per-square foot decreased to $211 in January 2010 from
$216 in December 2009, with an increase of 9.51 percent year-over from $192 in
January 2009. This was the third month of year-over increases, following over
two years of price declines (year-over declines ranged from 10 percent and 25
percent between December 2007 and July 2009, and 0.4 percent to 6 percent
between August 2009 and October 2009.)
• There were 3,548 (active and contingent) SFD listings in North San Diego County
ending January 2010, up 8.77 percent from December 2009 and down 17 percent
from January 2009.
• There were 7,541 (active and contingent) listings in San Diego County ending
January 2010, a decrease of 18.65 percent from January 2009.
• The number of North San Diego County SFD units sold decreased 39.43 percent
to 493 in January 2010 from 814 in December 2009, and declined 14.41 percent
year-over from January 2009. This was the largest year-over decline since March
2008.
• Total sales volume decreased 3.31 percent year-over in January 2010 following
two months of increases.