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2012 Top-Selling Master-Planned Communities

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Home Sales Much Better Than Reported

John clarified on Fox Business News that today’s decline in existing home sales is misleading. Distressed transactions are declining, which is a good thing. Normal transactions may have flattened in December due to the fiscal cliff, but we are in the early stages of a 80% increase in normal transactions that will drive strength in the economy, particularly as they remodel and furnish their new homes.

Watch the whole interview at the link below:

Mid-Size Lots Are the Sweet Spot in San Diego

In San Diego County, higher-priced homes on lot sizes in the 5,000 to 6,999 square foot range sell at faster sales rates than much lower priced homes on smaller lot sizes or higher-priced homes on larger lot sizes.

Unfortunately, new home market supply and demand dynamics versus land development realities do not necessary result in the production of the most desirable residential products.

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In San Diego County in the late 1990s and into the mid-2000s, a constrained land supply market led to sky-rocketing land values, and by extension, rapidly increasing home prices, and diminishing levels of housing affordability.