Welcome to Crazy Town. A year ago, if you had told me the current rate for a 30-year mortgage today would be 6.7%, I would have called, “Impossible!” But here we are folks. The Feds are apparently ready to throw the real estate market under the bus to curb inflation. Rates this high drastically reduce a buyer’s spending power which was already stretched, and sellers will just have to have a bit of a reality check as the ridiculously high prices from spring and early summer start...

The San Diego County Recorder’s Office is now offering a new, free service that will help anyone owning property in the county protect the title to their properties. When you sign up for the Recording Notification Service you will be notified by email whenever a document is recorded that is attached to your name and Assessor Parcel Number (APN). So, for instance, if a contractor working on your kitchen remodel files a Mechanic’s Lien, or the IRS files a lien for back taxes, you would be...

Fun Facts about San Diego County Wineries

History

• California wines, now world renowned, got their start over 200 years ago right here in San Diego when the Franciscan priests cultivated grapes at the first California mission, San Diego de Alcala. 
• Vineyards flourished in the area until devastated by flooding in 1916, followed by WWII and prohibition which collectively wiped out the industry.
• Wineries didn’t begin a comeback in San Diego County until the early 1990s. From that point forward,...

With most homes on the market receiving multiple over asking price offers within days of being listed it is easy to assume that selling your home is a piece of cake. This has some homeowners scratching their heads thinking, “Dang, I can sell this myself and save thousands on commission. Why do I need a Realtor?”

Listing your home for sale by owner means you are willing to manage a transaction worth hundreds of thousands of dollars with no experience. Here’s 5 reasons why that is...

Congratulations San Diego! You just became the least affordable city in California. Based on income and single-family home prices, San Diego has surpassed Los Angeles and even San Francisco in being unaffordable, according to a study by OJO Labs. So is it possible to buy a home here in America’s Finest City, or does it even make sense?

Let’s do the math.  The average income in the county is a bit over $68,000 and the median home price is $764,000. A 10% down payment would be $76,400...

Happy New Year! I hope this finds you and your loved ones healthy and looking forward to fewer challenges in 2022.

As the current COVID surge continues our hearts go out to the men and women who are fighting for us every day, trying desperately to reign in the virus, cope with present conditions and get life back to “normal”. In respect for their hard work and sacrifices Steele Group Realty is proud to offer home seller commission discounts and home buyer rebates to the following front-line...

Short answer: Yes. But let’s take a quick look at the stats we’re riding on into the New Year.

San Diego County Home Sales Comparing November 2020 to November 2021

Median sales price for a single-family home was $750,000 in 2020 compared to $860,000 this year, up 14.7% YOY.

Median sales price for an attached home in 2020 was $475,500 compared to $595,000 this year, a whopping increase of 25.1% YOY. Demand for condos increased sharply as buyers who normally would buy a single-family...