The San Diego region's real estate market posted significant gains in March of 2016.  According to the San Diego Association of Realtors, 1,885 single-family homes changed hands in March, up 33% over February.  Condo and townhouse sales were up 26% over February, with 998 sold in March.  The median sales price of houses last month jumped 5% to $551,000, and 7% over March 2015. The median sales price of condos climbed 3% over February ... Read more

1240 India St. #509, San Diego, CA 92101 1 bed 2 baths 921 sq.ft. in beautiful Treo Building Read more

San Diego has the second largest millennial population in the U.S.  However, San Diego’s exceptionally high millennial unemployment rate, combined with its exceptionally high average mortgage amounts of $365,000, results in these millennials being among the least likely in the country to purchase homes.  The online lender, Lending Tree, analyzed mortgage requests over the past year and found only 36.9% of requests came from those under 35, the fifth-lowest out of the largest 59 ... Read more

As of the beginning of February, Regal Properties has already sold 3 commercial real estate projects, each in a different sector and state. The first, a retail center in Columbus, Indiana, included Starbucks and AnyTime Fitness tenants, with a selling price of $2,325,000. The second, an office property in Poway, California, included medical, chiropractic and optometrist tenants, with a closing price of $2,300,000.  The third, an industrial property, in Conroe, Texas, leased by a ... Read more

Financial markets sold off sharply on the first trading day of 2016. Over the weekend, the Shanghai Shenzhen CSI 300 index fell by 7 percent, triggering a newly installed circuit-breaker to halt trading for the day. Reasons for sell-off appear to include China’s weak manufacturing and slow recovery, and the potential lifting of a ban on insider selling by major Chinese shareholders this coming Friday. Expect continued volatility in the stock market and economy ... Read more

Home values in 20 U.S. cities rose at a faster pace in the year ended October 2015, as lean inventories of available properties combined with steadily improving demand. The S&P/Case-Shiller index of property values climbed 5.5 percent from October 2014 after rising 5.4 percent in the year ended September, the group said Tuesday in New York. Nationally, prices rose 5.2 percent year-over-year. A limited supply of properties for sale has helped prop up home values, boosting ... Read more

The Federal Reserve Board’s 25-basis-point increase today will not have a significant impact on commercial real estate (“CRE”). Today’s increase could signal a slight weakening of investor demand for CRE, as lower risk investments like treasury bonds begin to look more attractive. However, other reasons suggest CRE prices and returns will continue to be attractive, even in a rising interest rate environment, including: (1) inflation, as a major driver of longer-term yields, is expected ... Read more

Rising prices... Read more

Wealth for middle-income households has remained stagnant while upper-income household wealth has doubled in real dollar terms over the past three decades, according to Pew Research data. Factoring this data, high-end retail will likely prosper as the high-end population prospers, and commodity/mass-market retail will likely languish. Retail is still a top performer though, having the highest total returns of all property types in two of the last three years, and also having led the ... Read more

San Diego County’s net growth in population from birth (approximately 24,000 in 2014) and in-migration (approximately 12,000 in 2014) will out-pace the supply of new multi-family and single-family homes over the next few years. According to the SANDAG Series 13 forecast, 3,574 single-family and 7,138 multi-family units need to be added each year, between 2012 and 2020, to meet the demand caused by this population growth. However, housing permit data reveals single-family permits average ... Read more