Monthly Market Overview North San Diego County May 2021

As the weather warms and pandemic restrictions ease across much of the country, the U.S. housing market shows little sign of cooling. Robust buyer demand, fueled by low mortgage rates, continues to outpace supply, which remains near historic lows. Nationwide, inventory remains much lower than it was at this time last year, and sales prices are surging as a result.

  • Closed Sales increased 72.6 percent for Detached homes and 64.6 percent for Attached homes.
  • Pending Sales increased 16.6 percent for Detached homes and 7.9 percent for Attached homes.
  • The Median Sales Price was up 31.6 percent to $950,000 for Detached homes and 24.7 percent to $579,751 for Attached homes.
  • Days on Market decreased 48.4 percent for Detached homes and 61.5 percent for Attached homes.
  • Supply decreased 71.4 percent for Detached homes and 68.2 percent for Attached homes.

With such limited supply of existing homes to purchase, all eyes are on home builders to provide a much-needed boost of inventory to the market to help meet buyer demand. However, increasing material and labor costs, along with
supply chain challenges, have contributed to significantly higher construction costs, with builders passing these costs on to home buyers. And while the warmer temperatures, rising sales prices, and the reopening of the economy may draw more sellers to the market, historically low levels of homes for sale are likely to continue for some time.

Monthly

Happy Thanksgiving

“The First Thanksgiving at Plymouth” (1914) By Jennie A. Brownscombe

History

Prayers of thanks and special thanksgiving ceremonies are common among almost all religions after harvests and at other times. The Thanksgiving holiday’s history in North America is rooted in English traditions dating from the Protestant Reformation. It also has aspects of a harvest festival, even though the harvest in New England occurs well before the late-November date on which the modern Thanksgiving holiday is celebrated.

In the English tradition, days of thanksgiving and special thanksgiving religious services became important during the English Reformation in the reign of Henry VIII and in reaction to the large number of religious holidays on the Catholic calendar. Before 1536 there were 95 Church holidays, plus 52 Sundays, when people were required to attend church and forego work and sometimes pay for expensive celebrations. The 1536 reforms reduced the number of Church holidays to 27, but some Puritans wished to completely eliminate all Church holidays, including Christmas and Easter. The holidays were to be replaced by specially called Days of Fasting or Days of Thanksgiving, in response to events that the Puritans viewed as acts of special providence. Unexpected disasters or threats of judgement from on high called for Days of Fasting. Special blessings, viewed as coming from God, called for Days of Thanksgiving. For example, Days of Fasting were called on account of drought in 1611, floods in 1613, and plagues in 1604 and 1622. Days of Thanksgiving were called following the victory over the Spanish Armada in 1588 and following the deliverance of Queen Anne in 1705. An unusual annual Day of Thanksgiving began in 1606 following the failure of the Gunpowder Plot in 1605 and developed into Guy Fawkes Day.

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9 Design Moves the Property Brothers Always Do—and Why You Should, Too

It’s been a big year for Drew and Jonathan Scott. They premiered their new HGTV show, “Celebrity IOU,” starred in Season 3 of their hit show “The Property Brothers: Forever Home,” and even have a new season of “Brother vs. Brother”—coming soon!

And while the brothers are always taking risks and trying out new styles, it’s clear that they have some go-to renovation tricks and style choices that give their projects that signature “Property Brothers” style.

Read on to find out which looks the brothers love best, and maybe you’ll be inspired to bring some of these designs into your home.

1. They install two-tone kitchen cabinets

Drew and Jonathan love tying bold colors into their kitchen renovations—but they’re careful not to go overboard with too much of a good thing. That’s why they often choose two-tone cabinets.

Light-toned cabinets allow a kitchen to look fresh, while cabinets with bolder tones allow for some contrast and personality.

Sometimes Drew and Jonathan choose to put the accent cabinets on the kitchen island, other times they go with white uppers and dark lowers. Either way, this colorful style always look incredible.

See the rest here!

Baker House From Final Season of ‘Fixer Upper’ Is the Week’s Most Popular Home

The multitalented power couple Chip and Joanna Gaines have the Midas touch—and they’ve struck again. Featured on “Fixer Upper,” the Patti Baker house is back on the market and racking up clicks like crazy.

It’s listed for $359,500, and it’s this week’s most popular home on realtor.com®.

Magnolia Nation first fell in love with the house when Chip and Joanna gave it a makeover during the final season of their HGTV hit show.

It came on the market in 2018, shortly after an episode about its renovation appeared on the show. Still filled with plenty of the desirable Gaines aesthetic, it’s now available for another buyer who’s wild about Waco.

Besides the Baker House, this week’s list was crammed with off-the-wall dream properties.

Want to live in Phoenix in a 11,000-square-foot brownstone with a French chateau vibe? Check.

In search of a self-sustaining homestead in Illinois? We’ve got you covered.

Or if you’ve always dreamed of living like James Bond … but in Los Angeles? If you have $62 million to spare, there’s a mega property that’s shaken, not stirred, and hovering over the city.

But even if you don’t have tens of millions to spend, there’s something for nearly everyone with this week’s most popular properties. Scroll on down and enjoy!

See all of the homes Here