If you’re watching the California housing market right now, this week brought THREE major developments you need to understand.
In this Friday Market Update, we break down what’s happening with condo prices across Southern California, why San Diego is now one of the most expensive housing markets in the country, and what just happened in Sacramento that could impact homeowners in wildfire-prone areas.
These aren’t small shifts—these are real changes that affect buyers, sellers, and homeowners across the state.
WHAT WE COVER IN THIS VIDEO:
- Southern California condo prices dropped 6% year-over-year- the biggest decline in 14 years
- Condos are now 24% cheaper than single-family homes-the widest gap in two decades
- San Diego ranked the 5th most expensive housing market in the U.S.
- A typical buyer in San Diego may need nearly 87% of their income to afford a home
- California lawmakers just blocked another wildfire insurance reform bill
- Over 400,000 homeowners have lost private insurance since 2021
- FAIR Plan enrollment has more than doubled-and rates may be rising sharply
WHAT THIS MEANS FOR YOU:
If you're a buyer, this could be an opportunity-especially in the condo market.
If you're a seller, pricing strategy matters more than ever.
And if you're in a fire zone, insurance is becoming one of the biggest variables in the deal.
If you’re thinking about buying or selling in Orange County or anywhere in Southern California, feel free to reach out.
👉 LivinginCalifornia.com
Timestamps :
0:00 - Market Update Preview
0:46 - Condo Prices Drop
1:26 - Slow Condo Sales
2:05 - San Diego Affordability
3:10 - Insurance Reform Fails
3:41 - FAIR Plan Pressure
4:21 - Action Steps
#californiarealestate #SouthernCaliforniaHousing #condomarket #sandiegohousingmarket #WildfireInsurance
Alex Schult CA DRE License # 02236174 KW Spectrum Properties 📲 Text: 949-726-2601 📧 Email: aschult@kw.com
Living in California continues at LivingInCalifornia.com — city guides, cost-of-living breakdowns, and everything you need to know before you move.
More Real Estate Insights:
How to AFFORD California in 2026 (Using This Backyard Hack)
https://youtu.be/29iDxGTOPBA
Rates Fell Again… But THIS Is Moving the Market
https://youtu.be/k4jwNii-Bv8
DISCLAIMER:
This video content is intended for informational, educational, and entertainment purposes only. Neither Living in California nor Alex Schult is a registered financial advisor, attorney, or tax professional. While we have taken reasonable steps to ensure the accuracy of the information presented in this video, we cannot guarantee that it is free from errors or omissions. Any reliance you place on the information provided is strictly at your own risk. Additionally, your use of the Living in California YouTube channel and any communication through this platform, including but not limited to YouTube comments, emails, or messages, does not establish a formal business relationship with Alex Schult or Living in California. For specific advice related to your real estate, financial, or legal needs, we recommend consulting with a licensed professional in the relevant field.
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