MLS Search: ALL
SCRIPPS RANCH
PENASQUITOS
RANCHO BERNARDO
OFFICE Listings
TAMI'S Listings
BUYERS
SELLERS
FINANCE
DONATION CENTER
ABOUT ME
CONTACT ME

Tami McCraw, REALTOR®
Coldwell Banker Residential Brokerage
12036 Scripps Highlands Drive
San Diego, Ca 92131
EMAIL TAMI

  Tami McCraw - Verified NUMBER1EXPERT

  See All Feature Properties

Below I have compiled the most recent information available regarding the economic outlook for San Diego's Real Estate market along with actual data from the Bureau of Economic Analysis, the SD Chamber of Commerce, the Department of Labor and more.
Quick Links are Below:
San Diego Market
 2005 Economic Forecast San Diego Economic Research Bureau:PDF files
 Leading Economic Indicators San Diego Economic Research Bureau:PDF files
Personal income by major source and earnings by major industry - California 
County income and employment summary -- San Diego, CA
Regional economic profiles -- San Diego, CA
Total full-time and part-time employment by industry -- San Diego, CA
Compensation of Employees by Industry -- San Diego, CA


Addressing the San Diego Market: Tami McCraw, REALTOR®

Buying and Selling real estate in Downtown San Diego, Old town San Diego, Scripps Ranch, Rancho Bernardo, Del Mar, and other high traffic areas can be complicated under our evolving market conditions.

Many San Diego Real Estate investors are finding it increasingly difficult to find condominiums, town houses, and other rental oriented homes with sale prices that offer a worth while return on investment funds.
Additionally, market participants, whether buyers, sellers, or investors, are concerned that there may be a bubble that exists in San Diego's real estate market.
Add to these factors the concern that interest rates are beginning to move, and what you get is a complicated set of influencing forces that justify the use of a skilled real estate agent that can uncover answers that make the most sense for you.

If you would like help navigating your real estate options, please contact me,
Tami McCraw
and I will do what I can to get you answers that are reliable and timely.

As a member of Coldwell Banker Residential Brokerage, I have a team of licensed realtors and resources at my side to help you find and manage any and all real estate opportunities.
I also work directly with your mortgage and finance partners, or if you prefer, I can connect you with a personal referral to one of my financial specialists.

These are the areas of San Diego that I focus directly on:
Scripps Ranch
Rancho Bernardo
Rancho Penasquitos
Carmel Mountain
Poway
Mira Mesa
Clairemont
Serra Mesa
Mission Valley
Old Town
Downtown
Mission Hills
La Mesa
Hillcrest
North Park
Mission Beach
Pacific Beach
Ocean Beach
Del Mar
La Jolla
Santa Luz
Fairbanks Ranch
Solana Beach
Cardiff by the Sea
Encinitas
Escondido
Carlsbad
Oceanside
Vista
San Marcos
Fallbrook
Bonsal
Ramona
Lakeside
San Diego State University (SDSU)
University of California at San Diego (UCSD)
University of San Diego (USD)

I also provide these services and resources:
Relocation
Comparative Market Analysis
Multiple Listing Services
Mortgage Counseling
Title Assistance
Real Estate Appraisal
Real Estate Investing
Real Estate Development
  

Personal income by major source and earnings by major industry - California
(Millions of dollars, seasonally adjusted at annual rates)
Code Item 2004.1 2004.2 2004.3 2004.4 2005.1 2005.2 2005.3
  Income by place of residence              
0010 Personal income 1,232,134 1,250,427 1,264,874 1,302,381 1,310,250 1,327,404 1,340,319
  Derivation of personal income              
0035  Earnings by place of work 981,338 997,444 1,012,559 1,039,328 1,055,527 1,069,764 1,084,137
0036  less: Contributions for government social insurance 2/ 107,713 108,948 110,922 113,990 115,978 116,752 117,810
0037   Employee and self-employed contributions for government social insurance 55,056 55,791 56,856 58,388 59,407 59,834 60,397
0038   Employer contributions for government social insurance 52,657 53,157 54,066 55,602 56,570 56,918 57,412
0042  plus: Adjustment for residence 3/ -305 -297 -286 -302 -290 -274 -269
0045  equals: Net earnings by place of residence 873,320 888,198 901,351 925,036 939,259 952,738 966,058
0046  plus: Dividends, interest, and rent 4/ 197,061 198,075 198,786 209,990 198,929 200,235 200,738
0047  plus: Personal current transfer receipts 161,753 164,154 164,738 167,355 172,061 174,431 173,524
0048    State unemployment insurance benefits 5,983 5,113 4,706 4,528 4,348 4,155 3,981
0049    Personal current transfer receipts excluding State U.I. 155,770 159,041 160,032 162,827 167,713 170,276 169,542
  Earnings by place of work              
  Components of earnings              
0050  Wage and salary disbursements 681,308 689,283 702,224 723,324 729,535 736,500 745,642
0060  Supplements to wages and salaries 163,423 165,613 168,590 173,773 178,274 180,788 183,479
0061   Employer contributions for employee pension and insurance funds 110,766 112,456 114,525 118,172 121,704 123,869 126,067
0062   Employer contributions for government social insurance 52,657 53,157 54,066 55,602 56,570 56,918 57,412
0070  Proprietors' income 5/ 136,608 142,548 141,745 142,230 147,718 152,477 155,016
0071    Farm proprietors' income 6,811 7,744 4,994 3,986 6,717 7,305 6,484
0072    Nonfarm proprietors' income 129,797 134,805 136,750 138,244 141,001 145,172 148,532
  Earnings by industry              
0081  Farm earnings 12,330 13,411 10,875 10,180 13,025 13,668 12,900
0082  Nonfarm earnings 969,008 984,033 1,001,683 1,029,148 1,042,501 1,056,096 1,071,237
0090    Private earnings 811,805 825,688 841,809 868,565 879,495 892,388 905,332
0100      Forestry, fishing, related activities, and other 6/ 5,857 5,979 5,954 6,071 6,298 6,302 6,413
0200      Mining 3,042 2,949 3,161 3,276 3,311 3,364 3,462
0300      Utilities 9,534 9,574 9,794 9,981 10,060 10,249 10,494
0400      Construction 62,018 64,992 67,023 68,339 70,507 72,619 75,092
0500      Manufacturing 120,491 118,821 121,464 124,268 127,069 128,605 129,435
0510        Durable goods 83,345 82,756 85,344 86,770 88,610 88,435 89,888
0530        Nondurable goods 37,147 36,065 36,121 37,498 38,460 40,170 39,547
0600      Wholesale trade 46,083 47,199 48,155 49,654 50,557 51,348 52,041
0700      Retail trade 65,369 67,425 67,995 70,052 69,882 71,371 72,443
0800      Transportation and warehousing 26,758 27,461 28,039 28,769 28,885 29,032 29,118
0900      Information 55,186 55,667 56,045 59,852 58,267 57,929 57,503
1000      Finance and insurance 68,906 69,232 70,734 74,119 74,526 74,533 75,067
1100      Real estate and rental and leasing 30,978 33,584 34,639 34,420 34,113 36,488 39,191
1200      Professional and technical services 102,666 103,506 105,703 110,268 113,493 115,339 116,610
1300      Management of companies and enterprises 20,854 21,262 21,118 22,801 22,226 21,108 21,512
1400      Administrative and waste services 37,084 37,877 38,543 39,588 40,529 41,212 42,006
1500      Educational services 10,797 10,993 11,151 11,449 11,715 11,922 11,988
1600      Health care and social assistance 75,872 77,108 78,393 80,729 82,393 84,373 85,644
1700      Arts, entertainment, and recreation 15,194 15,712 16,305 16,090 15,972 16,406 16,637
1800      Accommodation and food services 26,371 27,159 27,498 27,879 28,460 28,607 28,849
1900      Other services, except public administration 28,746 29,189 30,094 30,959 31,232 31,582 31,828
2000    Government and government enterprises 157,203 158,345 159,874 160,584 163,006 163,708 165,904
2001      Federal, civilian 21,174 21,842 21,706 21,834 22,229 22,602 22,663
2002      Military 13,651 13,704 14,002 14,161 14,514 14,350 14,301
2010      State and local 122,378 122,799 124,166 124,588 126,263 126,756 128,941

SOURCE: http://www.bea.gov/bea/regional/sqpi/action.cfm

BEARFACTS
http://www.bea.gov/bea/regional/bearfacts  
 
BEA Regional Facts-BEARFACTS-consists of computer-generated narratives for states, counties, metropolitan statistical areas (MSAs), and BEA Economic Areas. The narratives describe an area's personal income using current estimates, growth rates, and a breakdown of the sources of personal income.

You may compare the year of your choice (1979?2003) with a year that falls ten years prior, for example 2003 compared to 1993. A clickable state map will guide you.

State BEARFACTS are based on the state estimates published on September 28, 2005.

County, BEA Economic Area, and Metropolitan Statistical Area BEARFACTS are based on the county estimates published on April 27, 2005.

San Diego BEARFACTS

San Diego-Carlsbad-San Marcos, CA (41740)

San Diego-Carlsbad-San Marcos is one of 361 Metropolitan Statistical Areas (MSAs) in the nation. Its 2003 population of 2,918,829 ranked 17th in the nation.

PER CAPITA PERSONAL INCOME

In 2003 San Diego-Carlsbad-San Marcos had a per capita personal income (PCPI) of $35,841. This PCPI ranked 28th in the United States and was 114 percent of the national average, $31,472. The 2003 PCPI reflected an increase of 2.7 percent from 2002. The 2002-2003 national change was 2.2 percent. In 1993 the PCPI of San Diego-Carlsbad-San Marcos was $22,157 and ranked 61st in the United States. The 1993-2003 average annual growth rate of PCPI was 4.9 percent. The average annual growth rate for the nation was 4.0 percent.

TOTAL PERSONAL INCOME

In 2003 San Diego-Carlsbad-San Marcos had a total personal income (TPI) of $104,614,274. This TPI ranked 16th in the United States. In 1993 the TPI of San Diego-Carlsbad-San Marcos was $57,603,444 and ranked 17th in the United States. The 2003 TPI reflected an increase of 3.5 percent from 2002. The 2002-2003 national change was 3.2 percent. The 1993-2003 average annual growth rate of TPI was 6.1 percent. The average annual growth rate for the nation was 5.1 percent.

COMPONENTS OF TOTAL PERSONAL INCOME

Total personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of San Diego-Carlsbad-San Marcos. In 2003 net earnings accounted for 71.0 percent of TPI (compared with 66.7 in 1993); dividends, interest, and rent were 17.6 percent (compared with 20.5 in 1993); and personal current transfer receipts were 11.4 percent (compared with 12.8 in 1993). From 2002 to 2003 net earnings increased 5.0 percent; dividends, interest, and rent decreased 2.4 percent; and personal current transfer receipts increased 3.7 percent. From 1993 to 2003 net earnings increased on average 6.8 percent each year; dividends, interest, and rent increased on average 4.6 percent; and personal current transfer receipts increased on average 4.9 percent.

EARNINGS BY PLACE OF WORK

Earnings of persons employed in San Diego-Carlsbad-San Marcos increased from $79,230,366 in 2002 to $83,136,606 in 2003, an increase of 4.9 percent. The 2002-2003 national change was 4.1 percent. The average annual growth rate from the 1993 estimate of $42,850,678 to the 2003 estimate was 6.9 percent. The average annual growth rate for the nation was 5.3 percent.

Note: All income estimates with the exception of PCPI are in thousands of dollars, not adjusted for inflation.

 

County income and employment summary -- San Diego, CA
(thousands of dollars)
Code Item 2002 2003
010 Personal income 101,118,328 104,614,274
011   Nonfarm personal income 1/ 100,812,062 104,307,142
012   Farm income 2/ 306,266 307,132
020 Population (persons) 3/ 2,896,098 2,918,829
030 Per capita personal income (dollars) 4/ 34,915 35,841
035   Earnings by place of work 79,230,366 83,136,606
036   Less: Contributions for government social insurance 5/ 8,453,035 8,848,028
037     Employee and self-employed contributions for government social insurance 4,352,464 4,543,324
038     Employer contributions for government social insurance 4,100,571 4,304,704
042   Plus: Adjustment for residence 6/ -5,398 20,923
045   Equals: Net earnings by place of residence 70,771,933 74,309,501
046   Plus: Dividends, interest, and rent 7/ 18,890,852 18,429,513
047   Plus: Personal current transfer receipts 11,455,543 11,875,260
050   Wage and salary disbursements 55,815,721 57,839,393
060   Supplements to wages and salaries 13,299,439 14,340,792
061     Employer contributions for employee pension and insurance funds 9,198,868 10,036,088
062     Employer contributions for government social insurance 4,100,571 4,304,704
070     Proprietors' income 8/ 10,115,206 10,956,421
071     Farm proprietors' income 97,905 111,854
072     Nonfarm proprietors' income 10,017,301 10,844,567
7010 Total employment 1,784,538 1,816,527
7020   Wage and salary employment 1,450,882 1,471,765
7040   Proprietors employment 333,656 344,762

SOURCE: http://www.bea.gov

Regional economic profiles -- San Diego, CA
 
Code Item 2002 2003
  Place of residence profile (thousands of dollars)    
010 Personal income 101,118,328 104,614,274
  Derivation of personal income    
045  Net earnings 1/ 70,771,933 74,309,501
050  Personal current transfer receipts 11,455,543 11,875,260
060    Income maintenance 2/ 1,227,390 1,290,019
070    Unemployment insurance compensation 395,932 398,036
080    Retirement and other 9,832,221 10,187,205
090  Dividends, interest, and rent 18,890,852 18,429,513
100  Population (persons) 3/ 2,896,098 2,918,829
  Per capita incomes (dollars) 4/    
110  Per capita personal income 34,915 35,841
120  Per capita net earnings 24,437 25,459
130  Per capita personal current transfer receipts 3,956 4,069
140    Per capita income maintenance 424 442
150    Per capita unemployment insurance benefits 137 136
160    Per capita retirement and other 3,395 3,490
170  Per capita dividends, interest, and rent 6,523 6,314
  Place of work profile    
180  Earnings by place of work ($000) 79,230,366 83,136,606
190    Wage and salary disbursements 55,815,721 57,839,393
200    Supplements to wages and salaries 13,299,439 14,340,792
201      Employer contributions for employee pension and insurance funds 9,198,868 10,036,088
202      Employer contributions for government social insurance 4,100,571 4,304,704
210    Proprietors' income 10,115,206 10,956,421
220      Nonfarm proprietors' income 10,017,301 10,844,567
230      Farm proprietors' income 97,905 111,854
240  Total full-time and part-time employment 1,784,538 1,816,527
250    Wage and salary jobs 1,450,882 1,471,765
260    Number of proprietors 333,656 344,762
270      Number of nonfarm proprietors 5/ 327,229 338,432
280      Number of farm proprietors 6,427 6,330
290 Average earnings per job (dollars) 44,398 45,767
300   Average wage and salary disbursements 38,470 39,299
310   Average nonfarm proprietors' income 30,613 32,044

SOURCE: http://www.bea.gov

Total full-time and part-time employment by industry -- San Diego, CA
(number of jobs)
Code Item 2001 2002 2003
0010 Total employment 1,750,736 1,784,538 1,816,527
0020  Wage and salary employment 1,421,107 1,450,882 1,471,765
0040  Proprietors employment 329,629 333,656 344,762
0050   Farm proprietors employment 6,431 6,427 6,330
0060   Nonfarm proprietors employment 2/ 323,198 327,229 338,432
0070  Farm employment 15,269 16,852 16,524
0080  Nonfarm employment 1,735,467 1,767,686 1,800,003
0090   Private employment 1,408,111 1,424,907 1,450,577
0100    Forestry, fishing, related activities, and other 3/ 4,298 4,333 4,175
0200    Mining 1,661 1,480 1,361
0300    Utilities 5,569 5,920 6,249
0400    Construction 100,900 100,941 104,712
0500    Manufacturing 129,802 123,027 116,080
0600    Wholesale trade 48,673 50,118 50,341
0700    Retail trade 176,001 178,466 182,542
0800    Transportation and warehousing 29,847 29,221 28,713
0900    Information 47,044 44,788 42,604
1000    Finance and insurance 74,102 75,907 80,297
1100    Real estate and rental and leasing 82,313 84,460 87,787
1200    Professional and technical services 163,663 165,754 170,321
1300    Management of companies and enterprises 19,108 21,743 21,100
1400    Administrative and waste services 110,984 113,719 115,625
1500    Educational services 25,049 27,025 28,661
1600    Health care and social assistance 127,614 131,291 133,816
1700    Arts, entertainment, and recreation 39,515 39,951 40,869
1800    Accommodation and food services 123,870 124,947 129,671
1900    Other services, except public administration 98,098 101,816 105,653
2000   Government and government enterprises 327,356 342,779 349,426
2001    Federal, civilian 39,169 39,099 40,293
2002    Military 112,374 117,764 122,160
2010    State and local 175,813 185,916 186,973
2011     State government 35,969 39,884 42,169
2012     Local government 139,844 146,032 144,804

Source: http://www.bea.gov

 
Compensation of Employees by Industry -- San Diego, CA
(thousands of dollars)
Code Item 2001 2002 2003 2004
  Total compensation of employees ($000)        
0001 Compensation of employees, received 1/ 65,426,918 69,115,715 72,937,334 78,463,756
0005 Total wage and salary disbursements 53,537,487 55,632,730 58,019,154 61,786,845
0006 Total supplements to wages and salaries 11,889,431 13,482,985 14,918,180 16,676,911
0007  Employer contributions for employee pension and insurance funds 7,971,466 9,269,032 10,419,913 11,785,288
0008  Employer contributions for government social insurance 3,917,965 4,213,953 4,498,267 4,891,623
0009 Total average compensation per job (dollars) 2/ 46,039 47,799 49,796 53,044
  Compensation of employees by industry        
0081  Farm compensation 230,646 220,255 231,723 292,488
0082  Nonfarm compensation 65,196,272 68,895,460 72,705,611 78,171,268
0090   Private compensation 48,424,257 50,834,510 53,242,276 57,514,827
0100    Forestry, fishing, related activities, and other 3/ 78,631 84,752 74,607 79,275
0101     Forestry and logging 0 (D) (D) (D)
0102     Fishing, hunting, and trapping 25,269 (D) (D) (D)
0103     Agriculture and forestry support activities 53,362 57,595 55,789 61,781
0104     Other 3/ 0 0 0 0
0200    Mining 21,956 24,926 26,952 32,096
0201     Oil and gas extraction (D) 3,128 (D) 1,766
0202     Mining (except oil and gas) (D) 19,483 (D) 28,573
0203     Support activities for mining 854 2,315 3,451 1,757
0300    Utilities 435,762 518,602 438,094 457,137
0400    Construction 3,794,918 4,110,933 4,352,947 5,082,574
0401     Construction of buildings 917,641 983,974 1,088,877 1,344,683
0402     Heavy and civil engineering construction 599,393 665,125 666,967 792,553
0403     Specialty trade contractors 2,277,884 2,461,834 2,597,103 2,945,338
0500    Manufacturing 7,445,344 7,508,801 7,632,823 7,996,322
0510     Durable goods manufacturing 6,063,168 6,122,614 6,247,176 6,447,940
0511