Effortless Listing Entry with Paragon Connect

Posted by PSAR Communication on Aug 24, 2023 4:25:16 PM

paragonconnectDid you know that Paragon Connect now allows you to easily ADD/EDIT listings? This capability was introduced in the most recent major update of Paragon Connect in CRMLS. Paragon Connect functions as an extension of Paragon MLS, tailored for use on mobile phones, tablets, and computers. Notably, Paragon Connect is not a standalone app; it ensures a consistent experience across all your devices.

Simplified Listing Entry with Paragon Connect

Why should you consider using Paragon Connect for your listing entry needs? The interface offers a fresh, modern look while retaining the familiar input fields. Whether you're enthusiastic about leveraging new technology or prefer the convenience of accessing the MLS on-the-go, Paragon Connect accommodates your preferences seamlessly.

Efficiency at Your Fingertips: Partial Entry and Multi-Device Workflow

Curious about starting a listing entry on your computer and finishing it on your phone? With Paragon Connect, this transition is effortless. In the Connect interface, a partial listing is indicated as "Unavailable," while existing editable listings are marked as "Available." This streamlined process enables smooth movement between devices without missing a beat.

Paragon Connect presents a simplified and unified approach to listing entry. Its user-friendly design and compatibility across various devices make it an invaluable tool for real estate professionals looking to enhance their listing management practices.


How do I get to Paragon Connect? In the new CRMLS Dashboard, on the right hand side, click on the plus sign and add it to your Dash for next time.

 

 


Learn more about the Add/Edit ability of Paragon Connect and gain the ability to do business on your mobile device. Check out the video below.

 

 

INTEREST RATES ON THE RISE, ALONG WITH HOME PRICES

Posted by Rick Griffin on Aug 23, 2023 10:29:42 AM

ELEVATED INTEREST RATES, INVENTORY SHORTAGE DICTATING THE MARKET

Interest rates are still on the rise, along with the price of homes in San Diego County and statewide, according to the latest home sales and price report for July 2023 from the California Association of REALTORS® (C.A.R.).

In San Diego, the median sales price for an existing, single-family detached home in July 2023 increased to $969,020, an increase of 1.1 percent from June 2023’s median price of $958,250. In a year-over-year comparison with July 2022, the median price was $930,000, an increase of 4.2 percent.

Statewide, the median home price exceeded $800,000 in July 2023 for the fourth straight month. It was the first year-over-year gain since October 2022, nine months ago.

July 2023 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)
July 2023 County Sales and Price Activity

The statewide median home price dipped 0.7 percent from June 2023’s $838,260 to $832,345 in July 2023, and it was up 0.2 percent from a revised $830,870 a year ago in July 2022.

As the housing market transitions into the off-peak homebuying season in the coming months, the statewide median price will likely soften as market competition cools. Home prices, nevertheless, should continue to improve from last year as tight housing supply conditions persist.

Meanwhile, higher interest rates are reducing the number of home sales. Year-to-date statewide home sales were down 30.3 percent in July 2023.

Sales of existing, single-family homes in San Diego in July 2023 declined by 1.3 percent in a month-over-month comparison with June 2023, while the figures was 4.9 percent lower in a year-over-year comparison with June 2022.

Statewide, the sales pace for existing, single-family homes in July 2023 was down 3.0 percent, compared to June 2023, and down by 9 percent from a year ago in July 2022.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 269,180 in July 2023, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2023 if sales maintained the July pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

July 2023’s sales pace was down on a monthly basis from 277,490 in June 2023, and down 9.0 percent from a year ago in June 2022, when a revised 295,770 homes were sold on an annualized basis.

Sales of existing single-family homes in California remained below the 300,000-unit pace for the 10th consecutive month. The yearly drop was the smallest since April 2022 and marked the first time in more than a year that sales dropped by less than 10 percent from the previous year. However, the small decline was due partly to a lower sales base last July, when sales dropped below 300,000 for the first time in over two years.

“Despite slowing home sales in the past couple of months, housing demand remains resilient, and the market continues to be competitive,” said C.A.R. President Jennifer Branchini, a Bay Area REALTOR®. “Many in the market aspire to become homeowners and are actively looking to buy, but the shortage of homes for sale and elevated mortgage rates remain challenging headwinds for them.”

“Housing supply continued to be tight in California as rates remain well above levels observed in 2020-2021, when homeowners locked in their long-term mortgages,” said C.A.R. Senior Vice President and Chief Economist Jordan Levine. “While home sales have been negatively impacted by the shortage of homes for sale during this year’s homebuying season, home prices continue to stabilize and have provided consumers with some confidence that market conditions are still solid. Interest rates should moderate later this year if inflation eases further, and home sales could see some improvement in the winter season.”

 

Other key points from C.A.R.’s July 2023 resale housing report include:

  • At the regional level for Southern California, year-over-year sales declined in July 2023 by 14 percent.

  • At the regional level for Southern California, median home prices in July 2023 increased from a year ago by 2.7 percent.

  • Home prices across the state stabilized somewhat in July 2023, as fewer counties (27) posting year-over-year median price declines in July 2023, compared with 37 counties in June 2022.

  • Housing inventory in California climbed month-over-month in July for the second straight month after inching up in June but continued to trail last year’s level as a lack of new listings remained the norm.

  • The statewide unsold inventory in July 2023 increased 13.4 percent compared to June 2023, but dropped sharply by 19.4 percent on a year-over-year comparison with June 2022.

    July 2023 County Unsold Inventory and Days on Market
    (Regional and condo sales data not seasonally adjusted)

    July 2023 County Unsold Inventory and Days on Market

  • Active listings at the state level in July 2023 fell more than 30 percent from a year ago in July 2022. It was the largest annual decline since May 2021.

  • With mortgage rates expected to remain high in August and September, the “lock-in effect” may prevent any meaningful improvement in supply conditions for the remainder of the third quarter, as homeowners are reluctant to sell their homes and buy something new due to the financial shock of trading their historically low mortgage rates for a higher interest rate with their new property.

  • Unsold inventory declined in all price ranges in July 2023 in year-over-year comparisons from a year ago in July 2022. The mid-price segment of $750,000-$999,000 dipped the most by 25.8 percent in a year-over-year comparison. The $500,000-$749,000 price range, with a decrease of 20 percent, posted the second largest decline from last year, followed by the sub-$500,000 at 18.8 percent lower and the $1 million price segment at 16.1 percent lower.

  • Statewide unsold inventory on a monthly basis was at 2.5 months in July 2023, compared to 2.2 months in June 2023 and 3.1 months in July 2022.

  • In San Diego in July 2023, the inventory of available homes for sale was 2.0 months, which was the same figure for June 2023. In July 2022, the figure was 3.1 months. Other unsold inventory figures in 2023 in San Diego included 1.7 months in May, 1.9 months in April, 1.7 months in March, 2.3 months in February and 2.7 months in January. Inventory levels indicate the number of months it would take for the available supply of homes on the market to sell-out given the current rate of sales.

  • Statewide, the median number of days it took to sell a California single-family home was 16 days in July 2023, compared to 15 days in June 2023, 17 days in May 2023, 20 days in April 2023 and 18 days a year ago in July 2022.

  • In San Diego, the median number of days it took to sell an existing, single-family home was 12 days in July 2023, compared to 11 days in June 2023, 12 days in May 2023 and a revised 13.5 days a year ago in July 2022. Other median-time-on-the-market figures for San Diego in 2023 include 12 days in April, 15 days in March, 17 days in February and 26 days in January. The median represents a time when half the homes sell above it and half below it.

  • The statewide, sales-price-to-list-price ratio this year was at 100 percent in July and June, May and April, 99.1 percent in March, 97.7 percent in February and 96.5 percent in January. A year ago, in July 2022, the ratio was 100.0 percent. The sales-to-list-price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its last list price and is expressed as a percentage. A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

  • The 30-year, fixed-mortgage interest rate averaged 6.84 percent in July 2023, up from 5.41 percent in July 2022, according to C.A.R.’s calculations based on Freddie Mac’s weekly mortgage survey data.

Topics: Brokers/Managers, Market Information

CRMLS UPDATES - Get to know the NEW CRMLS Dashboard - REcenterhub

Posted by PSAR Communication on Jul 22, 2023 10:00:00 AM

REcetnerhub the new CRMLS dashboard

Find all your REcenterhub resources gathered together
Access your webinar recording and other helpful guides

Adjusting to change – even change for the better – can take a little time. As you get familiar with your new REcenterhub dashboard and all its features, here is a collection of the resources you can consult for guidance:

PSAR Endorses Janessa Goldbeck in the Special Primary Election for County Supervisor for District 4

Posted by PSAR Government Affairs on Jul 19, 2023 11:48:27 AM

Starting this week, active registered voters in the Fourth Supervisorial District are receiving a ballot in the mail to vote in the special primary election to fill the vacant seat on the County Board of Supervisors.  PSAR received requests to review the candidates in the race to fill this seat, so the Government Affairs Committee interviewed each of the candidates about issues that impact REALTORS® and their businesses.   

PSAR extends its thanks to each of the candidates for taking the time to discuss our issues with the committee.  Janessa Goldbeck demonstrated an exceptional knowledge and understanding of the issues facing our industry, as well as a pathway to addressing those issues.  For these reasons, PSAR's Government Affairs Committee and Board of Directors voted to endorse Janessa Goldbeck for County Supervisor for District 4. Committee members lauded her thoughtful pro real estate responses: “We found Janessa to be current on rental issues, affordable housing shortages and homelessness. She expressed not only concern, but offered ideas addressing these issues, which are at the forefront of our industry's priorities.”  

PSAR is a non-partisan organization. PSAR Members and their clients run the gamut of the political spectrum. As REALTORS®, we unite to protect private property rights and promote homeownership. Our committee and leadership are driven by these goals.  

Click here for additional information on the special primary election.

ELEVATED INTEREST RATES, INVENTORY SHORTAGE DICTATING THE MARKET

Posted by Rick Griffin on Jul 8, 2023 6:30:00 AM

ELEVATED INTEREST RATES, INVENTORY SHORTAGE DICTATING THE MARKET

Elevated interest rates and a shortage of homes for sale continued to dictate the California housing market in June 2023, with the year-over-year price decline at its lowest rate this year, according to the latest home sales and price report from the California Association of REALTORS® (C.A.R.).

For June 2023, in San Diego, home sales were lower and home prices were higher in month-over-month comparisons between June 2023 and May 2023.

Sales of existing, single-family homes in San Diego County in June 2023 declined by 6.6 percent in a month-over-month comparison with May 2023, while the figure was 24.3 percent lower in a year-over-year comparison with June 2022.

Meanwhile, the median sales price for an existing, single-family detached home in San Diego County increased in June 2023 to $958,250, compared to $935,000 in May 2023, a 2.5 percent difference. In a year-over-year comparison, the median price was $950,000 in June 2022, a 0.9 percent difference.

June 2023 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)
June 2023 County Sales and Price Activity

Statewide, the sales pace for existing, single-family homes in June 2023 was down by 4.1 percent, compared to May 2023, when 289,460 homes were sold, and it was down by 19.7 percent from June 2022, when a revised 345,760 homes were sold on an annualized basis.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 277,490 in June, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2023 if sales maintained the June pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

Sales of existing single-family homes in California remained below the 300,000-unit pace for the ninth consecutive month. The yearly drop was the smallest since May 2022 and marked the first time in a year that sales dropped by less than 20 percent from a year ago.

However, the smaller decline was due primarily to weaker sales last June, when sales dropped below 350,000 for the first time in two years.

Year-to-date statewide home sales were down 32.9 percent in June 2023.

California’s median home price exceeded $800,000 in June for the third straight month, edging up 0.3 percent from $836,110 in May 2023 to $838,260 in June 2023. The statewide median price continued to rise and reached the highest level in 10 months. The tight housing supply and more high-end homes being sold relative to prior months continued to put upward pressure on prices.

Despite the improvement from early 2023, the median home price in California in June 2023 dipped 2.4 percent on a year-over-year basis for the eighth consecutive month from $858,800 in June 2022.

While the downward movement in home prices appears to indicate that housing values are stabilizing, more dips in the median price are expected in the coming months as rates will likely remain elevated for most, if not the entire third quarter of 2023. Higher home prices are a warning signal that housing affordability could remain low in the second half of the year.

“California’s housing market has improved since the winter and appears to have found its footing as sales declined at the slowest pace in over a year,” said C.A.R. President Jennifer Branchini, a Bay Area REALTOR®. “Despite elevated interest rates, the demand for housing continues to outpace the availability of homes for sale, as buyers slowly adapt to the new normal under the current housing market conditions.”

“Buyer demand appears to have stabilized after rates doubled last year, though rates could still move higher in the coming months,” said C.A.R. Senior Vice President and Chief Economist Jordan Levine. “As inflation finally subsides later this year, the market could see some improvement as rates and supply conditions start turning around.”

Other key points from C.A.R.’s June 2023 resale housing report include:

  • At the regional level, year-over-year sales declined in June 2023 in the Southern California region by 19.4 percent.

  • At the regional level, median home prices in June 2023 dropped from a year ago in the Southern California region by 1.8 percent.

  • Housing inventory in California inched up in June 2023, compared to May 2023, but it was lower than in June 2022, as tight housing supply continues to be the norm. With mortgage rates expected to be high in the next couple of months, California may not see any meaningful improvement in its housing inventory throughout the third quarter.

  • The statewide unsold inventory in June 2023 increased 4.8 percent, compared to May 2023, but dropped 8.3 percent from a year ago in June 2022.

  • Active listings statewide for June 2023 fell sharply by 34 percent, compared to June 2022. It was the largest year-over-year decline since May 2021.

  • Unsold inventory in June 2023 declined in several price ranges from a year ago in June 2022. The mid-price segment of $750,000-$999,000 recorded the biggest year-over-year decline in unsold inventory of 16 percent, followed by the $500,000-$749,000 price range (-12.5 percent) and the sub-$500,000 (-11.5 percent). Unsold inventory in June 2023 for homes priced at $1 million and higher was unchanged in month-over-month and year-over-year comparisons.

June 2023 County Unsold Inventory and Days on Market
(Regional and condo sales data not seasonally adjusted)
June 2023 County Unsold Inventory and Days on Market

  • Statewide unsold inventory on a monthly basis increased to 2.2 months, compared to 2.1 months for May 2023 and 2.4 months for May 2022.

  • In San Diego, in June 2023, the inventory of available homes for sale was 2.0 months, compared to 1.7 months for May 2023 and 2.4 months for May 2022. Other unsold inventory figures in 2023 in San Diego included 1.7 months in May, 1.9 months in April, 1.7 months in March, 2.3 months in February and 2.7 months in January. Inventory levels indicate the number of months it would take for the available supply of homes on the market to sell-out given the current rate of sales.

  • Statewide, the median number of days it took to sell a California single-family home was 15 days in June 2023, compared to 17 days in May 2023, 20 days in April 2023 and 14 days a year ago in June 2022.

  • In San Diego, the median number of days it took to sell an existing, single-family home was 11 days in June 2023, compared to 12 days in May 2023 and 11 days in June 2022. Other median-time-on-the-market figures in San Diego in 2023 include 12 days in May and April, 15 days in March, 17 days in February and 26 days in January. The median represents a time when half the homes sell above it and half below it.

  • The statewide, sales-price-to-list-price ratio was at 100 percent in June, May and April 2023, 99.1 percent in March 2023, 97.7 percent in February 2023 and 96.5 percent in January 2023. A year ago, in June 2022, the ratio was 101.3 percent. The sales-to-list-price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its last list price and is expressed as a percentage. A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

  • The 30-year, fixed-mortgage interest rate averaged 6.71 percent in June, up from 5.52 percent in June 2022, according to Freddie Mac.

Topics: Brokers/Managers, Market Information

PSAR Announces Its 2024/25 Board of Directors and Officers

Posted by PSAR Communication on Jun 30, 2023 6:59:19 PM

2024 President-Elect
Yvonne Cromer

Yvonne Cromer

 

2024 Secretary / Treasurer
Sam Calvano

Sam Calvano


2024/2025 Directors

Jim O'Donnell
Jim O'Donnell

 

Charmaine Orcino-GonzalesCharmaine Orcino-Gonzales

 

Norma ScantlinNorma Scantlin

 

Monica Greenwood
Monica Greenwood

 

Paula GonzalezPaula Gonzalez

 

 

Affiliate Director

Martha Garcia

The current Board of Directors and Officers will remain in their posts and continue to serve PSAR until December 31st, 2023.

Board of Directors (2024)

Laurie MacDonald, 2024 President

Yvonne Cromer, 2024 President-Elect

Sam Calvano, 2024 Secretary-Treasurer

Jason Lopez, Immediate Past President

Jim O'Donnell, 2024/2025 Director

Charmaine Orcino-Gonzales, 2024/2025 Director

Merrie Espina, 2023/2024 Director

Valerie Gardner, 2023/2024 Director

Paula Gonzalez, 2024/2025 Director

Monica Greenwood, 2024/2025 Director

Rafael Perez, 2023/2024 Director

Amy Ruiz, 2023/2024 Director

Norma Scantlin, 2024/2025 Director

Amber Tannehill, 2023/2024 Director

Martha Garcia, 2023/2024 Affiliate Director

________________________________________________

PSAR's Mission is to empower Real Estate Professionals.

Since 1928, the Pacific Southwest Association of REALTORS® has played a significant role in shaping the history, growth, and development of the Real Estate industry in San Diego County.

We remain thankful to those who were nominated to lead PSAR. We are looking forward to great things from both the elected candidates and those who will continue to serve in our committee leadership roster.

Topics: Leadership

OTAY WATER DISTRICT BOARD PRESIDENT JOINS PSAR COMMITTEE

Posted by Rick Griffin on Jun 29, 2023 9:26:57 AM

OTAY WATER DISTRICT BOARD PRESIDENT JOINS PSAR COMMITTEE

The newest member of the PSAR Government Affairs Committee has been an elected official for the past 22 years.

Mark Robak, a commercial broker with 33 years of experience in real estate, is currently serving as the 2023 Otay Water District (OWD) board president. He has represented OWD’s District 5 (Rancho San Diego, Mount Helix, Jamul, and eastern Chula Vista) for the past 18 years (since January 2005).

Robak recently became a PSAR member and soon thereafter joined the PSAR Government Affairs Committee.

“I believe in giving back, especially if you have the expertise to do something at a high level,” Robak said. “If you work in real estate, it’s important to get involved in your industry. Our committee members earnestly want to influence the government for the benefit of homeowners and property owners. We are dedicated to protecting private property rights.”

In 2015, Robak founded San Diego Commercial Real Estate (SDCRE), a La Mesa firm offering commercial real estate leasing, sales, and advisory services in San Diego County. Previously, he was a senior broker with other commercial brokerage firms.

“I’m impressed with the PSAR dynamic and its dedication to a collaborative atmosphere,” said Robak. “I was previously a member of another association, but I was attracted to PSAR because of its strong name recognition and positive public image in the real estate community.”

Robak was first elected to the Otay Water District (OWD) board in 2004 and was reelected in 2008, 2012, 2016, and 2020. Robak served as vice president of the board for four years from 2019 through 2022. Robak also previously held positions of treasurer in 2018 and president in 2017.

In addition to serving as the 2023 OWD board president, Robak will serve as the chair of the engineering, operations, and water resources, desalination project, and ad hoc Salt Creek Golf Course lease and property disposition committees.

In addition, he serves as the OWD representative for the California Special District’s Association for the state and county, the OWD and Sweetwater Authority Task Force to develop recycled water opportunities, the San Diego Area Wastewater Management District (Metro Commission), South County Economic Development Corporation, Association of California Water Agencies (ACWA), and ACWA-JPIA (Joint Powers Insurance Authority).

He serves as President of the Water Conservation Garden Authority, as well as the President of the Council of Water Utilities.

Robak is the Government Relations Director for the El Cajon Elks Lodge and serves on the government affairs committee of the East County Chamber of Commerce.

He has a bachelor’s degree in political science and public administration from San Diego State University. Robak also has been active in other community organizations as a volunteer, having served on the San Diego-Imperial Council of the Boys Scouts, Boys and Girls Club, Lions Club, and other local charitable organizations.

The five-member Otay Water District Board of Directors is the governing body of the District and is responsible for setting rates for service, taxes, policies, and ordinances, adopting the annual budget, and other matters related to the management and operation of the water agency. Each director is elected by voters within one of five divisions to represent the public’s interest on the board. Directors serve four-year terms in office. Following the vote of officers by the board at its meeting, each of the directors immediately assumed all powers and duties of an officer of the board of directors.

The Otay Water District is a public agency providing water, recycled water, and sewer service to approximately 228,000 customers within approximately 125 square miles of southeastern San Diego County, including the communities of eastern Chula Vista, Bonita, Jamul, Spring Valley, Rancho San Diego, unincorporated areas of El Cajon and La Mesa, and eastern Otay Mesa along the international border with Mexico.

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Topics: Announcements

Juanita Mangels Williams, Past President, 1932-2023

Posted by Rick Griffin on Jun 24, 2023 6:00:00 AM

Juanita Mangels Williams

The PSAR family extends its condolences to the family of Juanita Mangels Williams, who was very active for several decades in the East San Diego County Association of REALTORS® (ESDCAR), prior to the 2012 merger with the Pacific Southwest Association of REALTORS®.

Juanita, a two-time ESDCAR president (1988 and 1995) and recipient of the 1983 Realtor of the Year award passed away from natural causes on Saturday, May 13, 2023. She was 90.

She joined ESDCAR on August 23, 1965. She worked in real estate for about 50 years, including about 45 years as a broker, according to her family.

According to PSAR records, she served on the ESDCAR board of directors from 1980 to 1994. She served as secretary-treasurer in 1985 and 1986.

She also served as a member and chair on numerous ESDCAR committees, including Special Events, Communications, Jurisdiction, Membership-New Member Orientation, Professional Standards, Arbitration, Leadership and Budget & Finance.

Other committees benefiting from Juanita’s participation including Building, Equal Opportunity, Education, Government-Political Affairs, Board of Realtors Political Action Committee and Multiple Listing Service.

She served as chair of the Board Nominating Committee in 1991 and 1992, and chair of the Long Range Planning Committee in 1989.

On a statewide level, she was active with the California Association of REALTORS® (C.A.R.) as a C.A.R. Director from 1981 to 1995. She was named a C.A.R. Emeritus member in 1985.

Juanita Lovejoy was born on July 18, 1932, in New Philadelphia, Ohio. Early in her childhood, Juanita and her siblings (two brothers, one sister) and single mother moved to Seeley, Calif., in Imperial Valley. Later, the family settled in the local community of Spring Valley.

Juanita graduated 1951 from Grossmont High School in La Mesa. She married her first husband in 1952 and they raised four children. The family lived in the Casa de Oro neighborhood of Spring Valley.

She held several jobs before joining Vanice Realty Center to begin her real estate sales career, a profession which she loved, her family said.

She also become involved in the Casa de Oro community and became one of the first women members of several community organizations, including the Spring Valley Business Association, Spring Valley Chamber of Commerce and Spring Valley Lions Club. She also served as president of these community organizations.

In an email to PSAR, the family said, “These were all male-dominated clubs at the time. But, our mother was determined to show these men that she was just as worthy to be a productive member of their clubs. She proved that she could sell real estate and help the community with their events and fundraisers.”

Juanita was widely known in the Casa de Oro area and some referred to her as the “Honorary Mayor of Casa de Oro.” She organized the first Casa de Oro Flag Day Parade on June 14, 1970.

Soon thereafter, she recruited the local Santa Sophia Catholic Church to host the two-day Casa de Oro Fall Festival, which continued for many years. She was included in the list of Who’s Who in American Women during the 1970s.

In the 1990s, Juanita continued her involvement with the Spring Valley Lions. In 1992, she was honored with the “Lion of the Year” award. She served as club president in 1995 and 1996. She also served as a district governor. In 1997, Juanita was selected as a Spring Valley Lions Club Fellow, the highest honor a Lions Club can bestow on a member.

In the early 2000s, she began volunteering with the USS Midway Museum on Harbor Drive and eventually became a docent and volunteer at many fundraising celebration events held there. She loved making people smile and be happy with an amazing experience at the nighttime galas, her family said.

The USS Midway Museum honored Juanita as its Retired and Senior Volunteer of the Month in December 2017. Midway officials said Juanita served as a docent and on the outreach and exhibit teams. She oversaw the maintenance of the museum displays and created centerpieces for events held aboard the Midway.

The Volunteer of the Month announcement said: “Juanita stands out as an exemplary volunteer due to her spirit of giving and connection. She is described as compassionate and has a great sense of humor. Perhaps most importantly Juanita brings a general feeling of family and friendliness to the USS Midway.”

Juanita was preceded in death by her first husband, who passed away in 2011. In 1989, she married Mr. Williams, who passed away in 2016. Juanita also was preceded in death by her oldest son, along with two brothers and one sister.  

Survivors include her son’s widow and her three other children and their spouses, along with many great-grandchildren and grandchildren.

For the past two years, Juanita lived with a son, who lives in Chandler, Ariz. She had dementia in her later years.

The family said in a statement, “Juanita never knew a stranger. She was a real go-getter, an extraordinary woman. She was also very patriotic and proud to be an American. She always made sure that our school clothes included red, white, and blue clothing growing up. She will be sorely missed by her family and friends and many who were lucky to have known her. Our family has all agreed on that that she was truly a very special lady.”

A Celebration of Life service has not been scheduled yet, the family said.

PSAR expresses our sincere condolences to the family at this time.

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Topics: Announcements

Vote Now FOR PSAR BOARD MEMBERS!

Posted by Rick Griffin on Jun 23, 2023 9:00:00 AM

2024 candidates

PSAR members, don't forget to vote for the 2024-2025 board members! Electronic ballots were emailed on June 23rd at 9 a.m. and voting ends on June 30th at 5 p.m. Only PSAR REALTORS® can vote.

     Cast Your Vote     


Candidates for PSAR President-Elect  (1 Seat)

Yvonne Cromer

Yvonne Cromer

Mike White

Mike White

 

Candidate for Secretary / Treasurer (1 Seat)


Sam Calvano

Sam Calvano

 

Candidates for Director Pick Up to Five (Two-Year Seats)

Tristin Stokes
Tristin Stokes
Monica Greenwood
Monica Greenwood
Charmaine Orcino - Gonzales
Charmaine Orcino-Gonzalez
Paula Gonzalez
Paula Gonzalez

Jim O'Donnell
 Jim O'Donnell

Norma Scantlin
Norma Scantlin


Rebecca Pollack-Rude
Rebecca Pollack-Rude

 

 


     Cast Your Vote     

 

 

PSAR members get to engage in the decision-making process and choose our leaders. The association's management of policies, programs, events, and investments has a direct impact on our personal lives and businesses. Elected Directors not only offer practical guidance but also motivate the association to strive for greater heights.

It takes just a few minutes to cast your vote, but the outcomes can be significant. Take the time to make a difference and shape the future of our association.

We look forward to counting your ballot!

For a Complete Copy of the PSAR  By-Laws download them here:

Download the PSAR By-Laws

Topics: Education, Marketing, Industry

Lower Mortgage Rates Helped Market Rebound in May

Posted by Rick Griffin on Jun 22, 2023 10:15:00 AM

RISING INTEREST RATES DEPRESS HOME SALES, PRICES

A reprieve in mortgage interest rates helped the California housing market rebound in May 2023 with homes sales at an eight-month high, according to the latest home sales and price report from the California Association of REALTORS® (C.A.R.).

In San Diego during May 2023, both home sales and home prices were higher in month-over-month comparisons with April 2023.

Sales of existing, single-family homes in San Diego County increased in May 2023 by 14.8 percent in a month-over-month comparison with April 2023, but the figure was 24.1 percent lower in a year-over-year comparison with May 2022.

Meanwhile, the median sales price for an existing, single-family detached home in San Diego County increased in May 2023 to $935,000, compared to $930,000 in April 2023, a 0.5 percent difference. In a year-over-year comparison, the median price was $970,000 in May 2022, a 3.6 percent difference.

May 2023 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)

May 2023 County Sales and Price Activity

Statewide, the sales pace for existing, single-family homes was up 9.8 percent in May 2023, compared to April 2023, and it as down 23.6 percent from May 2022.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 289,460 in May, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2023 if sales maintained the May pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

May’s sales pace of 289,460 homes sold was up 9.8 percent on a monthly basis from 263,650 home sold in April 2023 and down 23.6 percent from a year ago in May 2022, when a revised 378,640 homes were sold on an annualized basis.

Sales of existing single-family homes in California remained below the 300,000-unit pace for the eighth consecutive month.

Year-to-date statewide homes sales were down 35.1 percent in May 2023.

Also statewide, the median home price in May 2023 increased by 3.0 percent to $836,110, compared to $811,950 in April 2023. It was the second straight month for the statewide median home price to exceed $800,000. In a year-over-year comparison, the statewide median home price was down 6.4 percent from $893,200 in May 2022.

The statewide median price continued to rise and reached the highest level in nine months. Tight housing supply and more high-end homes being sold relative to prior months continued to put upward pressure on prices. 

“The bounceback in May’s home sales and price shows the resilience of California’s housing market and is a testament to the value that consumers place on homeownership,” said C.A.R. President Jennifer Branchini, a Bay Area REALTOR®. “The housing market is stabilizing and even showing signs of improvement as competition is on the rise again; nearly half of homes are selling above asking price, fewer sellers are reducing listing prices, and homes for sale are going into pending status in just two weeks compared to more than 30 days early this year.”

“While home sales rose solidly in May, we don’t expect to see a rapid recovery because of the lock-in effect that’s keeping prospective sellers with low interest rate mortgages from listing their homes on the market and keeping inventory extremely tight.” said C.A.R. Senior Vice President and Chief Economist Jordan Levine. “Consequently, we expect prices to continue to rise on a month-to-month basis for the next few months because of the shortage of homes for sale. Even with reduced homebuyer demand, California still has more homebuyers than homes to put them in. It is this imbalance between supply and demand that continues to put upward pressure on home prices and nudge the median price up month over month since the beginning of the year.”

Other key points from C.A.R.’s May 2023 resale housing report include:

-- At the regional level, all major regions recorded year-over-year sales declines in May 2023. Southern California declined 22.3 percent from May 2022.

-- At the regional level, median home prices dropped from a year ago in all major regions. Southern California home prices declined by 5.3 percent in May 2023.

-- Despite mortgage rates rising sharply since mid-May and peaking at their highest point in six months, the number of pending sales recorded in May remained steady and only dipped slightly by less than 2 percent from the prior month. The consistent level of open-escrow sales suggests that the California housing market will register closed sales in June at around 275,000, a similar level between what was recorded in April and May.

-- Housing inventory in California dipped in May after a brief bounce-back in April, as sales improved while supply remained tight. The statewide unsold inventory index in May 2023 was flat from last year and declined 16 percent on a month-over-month basis. Assuming a softer sales level in June 2023, the market could see a minor inventory improvement in the upcoming month, but the upward adjustment would be due to a change in demand.

May 2023 County Unsold Inventory and Days on Market
(Regional and condo sales data not seasonally adjusted)

May 2023 County Unsold Inventory and Days on Market

-- Housing inventory increased in all price ranges in May 2023, compared with May 2022. In year-over-year comparisons, the unsold inventory index recorded a gain of 21.1 percent in the $1 million-and-higher price sector and remained flat in the $500,000-$749,000 price range (zero percent). Lower inventory levels dipped year-over-year in the $750,000-$999,000 sector (-9.1 percent) and the sub-$500,000 sector (-4.3 percent).

-- The statewide unsold inventory index on a monthly basis declined to 2.1 months for May 2023, compared to 2.5 months for April 2023 and 2.1 months for May 2022.

-- In San Diego, in May 2023, the inventory of available homes for sale was 1.7 months, compared to 1.9 months in April 2023, 1.7 months in March 2023, 2.3 months in February 2023, 2.7 months in January 2023 and 1.9 months in May 2022. Inventory levels indicate the number of months it would take for the available supply of homes on the market to sell-out given the current rate of sales.

-- Statewide, the median number of days it took to sell a California single-family home was 17 days in May 2023, 20 days in April 2023 and 11 days in May 2022.

-- In San Diego, the median number of days it took to sell an existing, single-family home was 12 days in May 2023, compared to 12 days in April 2023, 15 days in March 2023 and eight days in May 2022.  Other median-time-on-the-market figures in San Diego in 2023 include 17 days in February and 26 days in January. The median represents a time when half the homes sell above it and half below it.

-- The statewide, sales-price-to-list-price ratio was at 100 percent in May 2023, 100 percent in April 2023, 99.1 percent in March 2023, 97.7 percent in February 2023 and 96.5 percent in January 2023. A year ago, in May 2022, the ratio was 103.4 percent. The sales-to-list-price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its last list price and is expressed as a percentage. A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

-- The 30-year, fixed-mortgage interest rate averaged 6.43 percent in May, up from 5.23 percent in May 2022, according to Freddie Mac.

Topics: Brokers/Managers, Market Information