San Diego|News|
San Diego Property Auction A Rare Opportunity For Would-Be Homeowners
Over 400 tax-defaulted improved properties, townhomes, condominiums and timeshares are up for grabs in this March county auction.

Over 400 tax-defaulted improved properties, townhomes, condominiums and timeshares are up for grabs in this March county auction.

Sales of attached properties in the San Diego area increased in January, while single-family home sales dipped, according to data.

Sales in all major regions dipped in December on a year-over-year basis, including 6.2% in Southern California.
Single-family resale home sales fell by more than 21% in December compared to a year ago and were down 9% from November, according to data.
The developments came from a pool of 24 proposal requests totaling more than $89 million for affordable housing across the region.
Even with slowing sales, the median price of single-family homes increased by 2% in November, according to data.
The annual San Diego Housing Commission report focuses on initiatives and the impact they have on lives of thousands of San Diegans.
One San Diego ZIP code was among the country's 10 priciest.
Sales of single-family detached properties were down nearly 23% in September compared to August, according to data.
The sale in Vista represents the second-largest multifamily transaction in the region. The purchase price breaks down to $381,578 per unit.
The median sale price of a single-family home was $1 million last month, up from $969,020 in July, the CA Association of Realtors reported.
Fallbrook, Santee, Encinitas, Oceanside North, Encanto, Escondido North and Vista East zip codes had the most home sales.
Just before the pandemic, in February 2020, San Francisco rents were 29 percent higher than rents in San Diego.
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Home prices in the county edged up in April for the second straight month, but remained below the prices of a year ago, a report found.
Fifteen percent of county households could afford to buy the $880,000 median-priced home in the first quarter of this year, a report found.
Sales of single-family homes dropped 13%, while condominium sales were off 11%. Both were down by more than a third from April 2022.
Nearly every local government in San Diego County failed in its efforts to create enough housing for the growing population, a report said.
The buyer, the Caine Group, has extensive experience with the San Diego-area redevelopment projects.
The Lincoln Hotel is currently occupied by El Cabron Restaurant on the ground floor, with 41 affordable housing units upstairs.
The median price of one-bedroom units in San Diego increased 1.3% to $2,400 last month.
The increase in San Diego was the highest among large U.S. metropolitan areas.
Local opposition is likely.
“This new lease in the San Diego submarket, adjacent to the border, will help them increase production turnaround times.”
Brixton plans to renovate the clubhouse and leasing office, the dog park, the courtyard, the pool area and to update the landscaping.
The median price of resale homes edged up again last month, though is still under last year.
The project will be designed around the Stadium Station trolley stop and public transit.
The Carlsbad Village building sits on a 9,588 square-foot lot about six blocks from the beach.
For the last 18 years, Angela Carlson has sold thousands of homes throughout Southern California.
Sorrento Commerce Park, a 35,514-square-foot property that was 100% leased to 11 tenants at the time of sale.
San Diego was among the least affordable counties in California for Black households last year.
Affordability remains a particular worry for Black & Latino home-buyers in San Diego County.
Local prices are lower than a year ago, meaning homeowners have lost all price appreciation over the past year.
While the outlook for the housing market largely remained unclear, mortgage rates are falling again.
Broker Jason Hughes will return the $9.4 million he earned from Cisterra Development.
The City Council will vote on a settlement for ex-real estate adviser to pay back the millions he received from the city’s ex-landlord.
“The proposed settlement offers an opportunity to hold Jason Hughes accountable and reclaim every dollar he wrongfully took.”
Bonita home values have dipped to about $993,500.
The self-storage assets, which will operate under the StorQuest brand, are primarily single-story drive-up units in key infill markets.
Single-family home sales rose nearly 11% last month, while condominiums and townhomes saw a surprising 19% rebound over January.