Victoria Real Estate Agency Home Sale Listings

San Diego Real Estate, Million Dollar Homes

San Diego county has always been known for its Luxury Homes, yet in 2004 San Diego County luxury home sales (homes over $1,000,000) hit an incredible 2774 total units, an increase of almost 170% over total sales in 2003!

In the entire State of California, A total of 33,107 homes sold for a million dollars or more last year. That was up 73.5 percent from 19,080 in 2003. The total was 13,871 in 2002, according to DataQuick Information Systems.

"A million dollars just isn't what it used to be when it comes to San Diego real estate. Because of appreciation, low interest rates, and San Diego's Draw as a retirement community, more homes are in the million-dollar category than was the case earlier. In fact, so far in 2005 San Diego County MLS shows that there has already been 2130 homes Sold in San Diego County for over $1,000,000 with an additional 607 that are currently in escrow! Looks like another record year.

Million-dollar sales accounted for 5.0 percent of all California home purchases in 2004. In San Diego Count, Million-dollar home sales accounted for 6.5% of the total Attached and Detached San Diego County Real Estate Sales.

Statewide, there were 221 sales for more than $5 million last year, 237 sales were in the $4-$5 million range, 690 in the $3 million range, 2,894 sales in the $2 million range, and the rest between $1 million and $2 million.

The numbers include home sales where it could be determined from public records that there was a buyer, a seller, that money changed hands, and that there was a legal transfer of property ownership.

Not included were property swaps, sales of multiple lots, teardowns, and large farm or ranch properties. Home sales to companies were included, as were sales to trusts. Rancho Santa Fe in San Diego County is a community where virtually all home sales were in the million- dollar category.

According to DataQuick; Around 15 percent of the buyers paid cash, up from 12 percent in 2003. Of those who financed their purchase, the median down payment was 25 percent of the purchase price. Lending institutions most willing to provide mortgage financing were Washington Mutual, Countrywide Home Loans and Wells Fargo.

With San Diego Counties amazing price appreciation, the incredible climate, and the constraints on real estate development... it is this real estate professionals opinion that San Diego County will soon have many zip codes with nothing buy $1,000,000+ home sales.

Bob Crain - President
North County Luxury Homes, San Diego Counties Premier Luxury Home Website. North County Luxury Homes is a full service Luxury real estate company and provides both Loans and Real Estate Services for San Diego County Buyers and Sellers. To View the most Expensive Homes Currently listed for Sale in San Diego County go to http://www.NorthCountyLuxuryHomes.com

MORE ARTICLES:

Real Estate Agents Turning to Surface Restoration Company to Help Speed Home Sales
Real Estate agents are turning to Miracle Method, a national surface restoration company, to update bathrooms and kitchens to get a higher price for homes and speed sales.

Design Firm Creates Flash-Driven Real Estate Listing Map for use by Real Estate Agents
This map is scalable, sizable and can zoom from an aerial view all the way down to the street level.

Real Estate: Buyers Agent, Sellers Agent & Dual Agent (defined and explained)
There is a relatively new and not always well understood practice in Real Estate sales; it is called Buyer Agency or Buyer's Agent. Until recently Realtors and agents usually represented the seller, in opposition to the buyer, during the real estate transaction.

Real-estate-agent-lists.com Celebrates One Year Helping Real Estate Agents Prosper in Slow Market Using Realtor Lists to Work Smarter, not Harder
Zichron Internet Marketing (ZIM) LLC is celebrating the one year anniversary of its launch of list of 1.5 million realtors with full contact information including 1.1 million agent email addresses has made it easier and less expensive for agents to communicate with other agents to drive more business.

The All Important Real Estate Agent - Selling Your Home in a Buyer's Market
You've decided to sell your home In the current real estate market where there is a veritable glut of listings in many regions of the country, there are some simple things that you, as a seller, can do to enhance the chances your home will sell within a reasonable period of time

Choose the Right Agent in Selling Your Home in Siesta Key Real Estate
Selling your home in Siesta Key real estate can be stressful since it is a huge undertaking that you can do in your life. If you will be doing wrong choices, you will make things worse and you wont be able to sell your home quickly and with the best deal.

Why it is Important to Hire Just One Real Estate Agent to Buy a Home
In our fast paced and frantic real estate market, buying a home takes quick action and strong representation. Some buyers decide to involve several agents in their search for a home, assuming that there is strength in numbers.

Waterfront Houses USA Launches Waterfront Homes and Property Listing Service
Budget-Quotes, Inc. would like to announce the opening of their waterfront real estate listing service Waterfront Houses USA. Waterfront Houses USA is a medium for homeowners and real estate professionals to list their properties specifically targeted to waterfront, water view, and water access.

Real Estate Loan Agents, Real Estate Loan Agents,Investment Properties, Investment Properties in USA
While America and the world hold their breath, waiting for the Presidential and Legislative Branches of the United States Government to take action, that will hold off and help correct the mistakes of the sub-prime meltdown, there are some progressive Real Estate Loan Agents providing mortgages from exclusive leads from the opportunities provided in their counties from the daily marketing efforts by the team at Myhomesearches.com. These loan agents, providers of mortgages during the boom days are making deals today because of their membership.

Learn Seven Things You Must Know Before Choosing the Right Waterfront Real Estate Agent
You?ve made the decision to buy a waterfront home Now, it?s time to choose a real estate agent to help you find your perfect home

For Sale by Owner (FSBO) - How to Sell a House without an Agent
For Sale by Owner is money saving alternative to selling a house with an agent, and it is not so intimidating and difficult as it looks to many.

Home Buying Institute Now Offers Free Real Estate Articles to Agents
Real estate publisher and home buying expert Brandon Cornett has created a new website that allows real estate agents to republish a variety of real estate articles for free.

Indianapolis Real Estate Agent Offers Tips for Selling a Home in a Down Market
Indianapolis real estate agent Matt Borushko offers six tips that home owners should know when thinking about selling their home.

Choosing A Real Estate Agent to Sell Your Home
If you are considering, or have decided to put your real estate up for sale then you are probably looking for a real estate agent. What do you need to look for in an agent so that your experience turns out not only positive, but hopefully resulting in the sale of your property.

The Real World Advantages & Disadvantages of Using a Real Estate Agent to Sell Your Home
Are you a real estate pro If you are planning to sell your property and don't really consider yourself an expert in real estate selling then you may want to consider seeking out a reputable real estate agent to sell your property