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SAN DIEGO (KGTV) -- Low inventory and historically low interest rates are driving California's red-hot real estate market.According to the California Association of Realtors, home sales climbed to their highest level in more than a decade, and the median home price set another high for the fourth straight month.It's making it harder for buyers to buy low but easier for sellers looking to sell high."With everything shutting down, I just figured now was the time to do it," said Kristi Gonzalez.After a career in the San Diego area, Gonzalez is retiring, moving out of state, and about to cash out."I think now is a great time to sell," she said. "There's very low inventory. It will make it easier for me."If you've paid attention to California's real estate landscape, the market is hot in many cities."We're seeing about a 10 percent increase in the last four to five months, and that's insane considering where we were," said Jordan Beal, president of the Beal Group.Beal said the San Diego area sees an influx of buyers from New York, the Bay Area, and Los Angeles."When you look at the fact that money is as cheap as it is, people who have been able to keep their jobs combined with a lot of tech people who can now work remotely and see San Diego as really cheap market compared to the Bay Area, Los Angeles, and New York, I don't see our market slowing down anytime soon," Beal said.The same thing is happening as you head north into the Central Valley."Inventory is historically low, interest rates are historically low, and it's just kind of the perfect storm with that whole supply and demand," said Ronda Newport, president of the Bakersfield Association of Realtors.Newport said the Bakersfield market is on fire.It's a combination of locals looking to take advantage of interest rates and those from wealthier ZIP codes trying to get out of a big city."If you have an LA buyer or a Bay Area buyer, and if they sell their home, you know a small little home for what they sell for in that area, and they move to Bakersfield, and they see what they can get for the money here, it's an easy decision," she said."We are just breaking all sorts of records," said Bruce Blair of Blair Properties.Blair's been selling homes along the Central Coast since the 70s.He said some people are buying houses they've never seen. Some buyers are paying in cash, and those who aren't have large down payments."It's tough to make any type of prediction right now, but right now, the housing market is not affordable for a lot of people in San Luis Obispo County, and that's a problem."According to the California Association of Realtors, September's statewide median home price was 2,430. That's up more than 17 percent from September of last year.According to a survey from Zillow, life uncertainty, likely caused by COVID-19, keeps more than a third of would-be sellers out of the market.The Zillow survey found many sellers say they anticipate a higher sale price if they wait.So, what to do? Unfortunately, there's no crystal ball."I don't anticipate it slowing down too much," said Carla Farley, President of the Greater San Diego Association of Realtors. "Unless we get some interest rates that go crazy after the election cycle, maybe that might slow some things, but I don't anticipate that happening either."According to the California Association of Realtors, the median number of days it took to sell a California single-family home was 11 days in September, down from 24 in September 2019. The September 2020 figure was the lowest ever recorded. 3564
SAN DIEGO (KGTV) - IKEA is recalling a type of candy sold at certain stores in California, including the San Diego location in Mission Valley.The Godis P?skkyckling marshmallow candy may be contaminated. The chain did not immediately release the source of the possible contamination but said the health risk is low.IKEA said the candy is a seasonal product and only 400 bags have been sold since it became available in February.If you bought the candy, you may return it to the nearest IKEA store for a full refund. 523
SAN DIEGO (KGTV) — In a statement, the City of San Diego says it wasn't given enough time ahead of the July 4 weekend to close beach parking lots.Friday, California Office of Emergency Services sent a letter to city managers in the county asking them to close their beach parking lots ahead of the weekend. The letter was sent to officials in San Diego, Imperial Beach, Coronado, Del Mar, Solana Beach, Encinitas, Carlsbad, and Oceanside."At the time of writing, beaches under the jurisdiction of local governments within San Diego County are the only beaches without visitation restrictions throughout all of Southern California, and therefore are attracting thousands of residents from outside your coastal communities and creating significant potential for disease transmission, particularly in crowded restaurants, bars, retail, and hotels," the letter stated. "... To protect the public health of San Diegans and reduce the high potential transmission of this deadly disease in San Diego coastal businesses, we write to request that municipal governments do not open beach parking lots for the July 4th holiday weekend."RELATED: Crowds flock to San Diego beaches for Fourth of July weekendOceanside announced it would close beach parking lots on Thursday, while Carlsbad said late Friday that it would do the same. California also said Friday that state beach parking lots would be closed this weekend. Carlsbad said they were closing parking lots in anticipation of people traveling to San Diego for the weekend. Surrounding counties Los Angeles, Orange, Ventura, and Santa Barbara have closed beaches this weekend.City of San Diego Chief Operating Officer Kris Michell said in a statement to City News Service that San Diego wasn't given enough time to put a beach parking closure in place."The city of San Diego is closely following county guidance and working with health officials to encourage adherence to public health regulations," Michell said. "The request to regional coastal cities to close beach parking lots on the Fourth of July came last night just a few hours before the start of the holiday, leaving little time to enact, enforce or notify the public.RELATED: Carlsbad closes beach parking lots for holiday weekend"San Diego continues to require facial coverings and physical distancing at all locations, and this week voluntarily implemented restrictions on bars and restaurants to limit the spread of COVID-19," Michell said. "As we have since the beginning of the pandemic, we will continue to work with county and state health officials to protect public health and safety."Imperial Beach, Coronado, Del Mar, Solana Beach, and Encinitas officials said Saturday their beach parking lots remained open Saturday.Friday, several beaches were already seeing crowds for the holiday weekend. Many people claimed their spots early at Mission Beach and Oceanside.RELATED: Hotels, campgrounds have vacancies over holiday weekendWhile some were able to keep their distance from one another, many did not have on facial coverings when near other people, according to Rich Stropky, Marine Safety Lieutenant for San Diego lifeguards.“The majority of them are not wearing masks, I would say at this point in time,” said Stropky. “As far as the capacity for our beaches, what has limited capacity in the past is the ability to park. How far are people willing to park and still walk to the beach? Are they going to Uber in? Are they going to do drop-offs?”Law enforcement agencies have said they will focus on educations, rather than enforcement, of public health orders this weekend. 3604
SAN DIEGO (KGTV) -- It’s been more than seven decades since the creation of the beloved children’s character, Thomas the Tank Engine. The pandemic nearly derailed a local museum’s yearly family event.“This year is the 75th year of the creation of the book series, called ‘The Railway series,’ where Thomas was born,” said Katy Titus with the San Diego Model Railroad Museum.The Balboa Park museum hosts a Thomas Day Celebration every year. Thousands of kids, families, and train lovers stop at “Big Station” for the big event. Unfortunately, this year will be different.“Instead of Thomas taking over the physical museum, Thomas is going to take over our web presence,” says Titus.Thomas Takeover Week will run until Sunday. It’s a free virtual event.Visitors can explore the virtual exhibit. There are activities online for kids like arts and crafts. Students can also enjoy storytime, listening to “The Railway Series.”The San Diego Model Railroad Museum had to close its doors twice this year due to the pandemic. The museum is collecting donations that will be used to maintain the railroad collections and create more virtual programs. 1148
SAN DIEGO (KGTV) -- It's no secret that San Diego has a great food scene, but America's Finest City also has some great dessert spots to explore. Whether you want to sit and relax in a quaint shop or take a photo of an Instagram-worthy dessert, these are some of the best places to check out in the city, according to Yelp reviewers. Check out the full list below: 388