San Diego Real Estate News
SAN DIEGO COUNTY MARKET TRENDS, January 2011
Home Sales Up, Prices Down in 2011 Single-family, re-sales home sales were up 2.5% last year in San Diego County. Unfortunately, after a nice gain of 7.1% in 2010, the median price was down last year. The median price for homes dropped 5.3%. The average price dropped 3%. Condo sales in the county were down 5.7% compared … [Read More...]
Chula Vista Rehab Project – THE FINISHED PRODUCT!
66 East Prospect Street - Chula Vista - We are finished & on the market after 6 weeks of fast work. Listed at $319,000 If you've been following our project on 66 Prospect St., Chula Vista and read our previous post, then you'll be excited to see what the finished house looks like! Check out the latest … [Read More...]
SAN DIEGO COUNTY MARKET TRENDS, December 11th
Pending Sales Up Sharply in October Pending sales were up 10.4% in October compared to September, and up 9.2% year-over-year, according to the National Association of REALTORS®. Lawrence Yun, NAR chief economist, said improved contract activity is a hopeful sign. “Home sales have been plodding along at a sub-par level … [Read More...]
Market Update for November/December, 2011
Some Underwater Mortgage Holders Get Help The Home Affordable Refinance Program, or HARP, is being revamped. It was originally aimed at a housing market that had an estimated 5 million struggling homeowners. Unfortunately, HARP’s original terms and limits were so restrictive that the program, to date, has reached fewer … [Read More...]
New Townhome Listed in Pacific Beach!
Newest Listing in PB: 1944 Diamond # 3, 3 bedroom, 2.5 bath for $409,000-449,000 Click here for full listing details and pictures. Great new listing in Pacific Beach...or as the locals say "PB". This property is one of the best priced 3 bedroom townhouses in all of Pacific Beach. It is a versatile home that could … [Read More...]
Chula Vista Rehab Project – Follow our progress!
Before: The cliché "A diamond in the rough" is exemplified by our current project on 66 Prospect St., Chula Vista. The property is a 4 bedroom 2 bath with a converted garage and an entertainers back yard with a pool and covered elevated patio. The reason the property needed renovation is because it was a short sale that had … [Read More...]
Mortgage Rates and Foreclosures DOWN! – Sales UP!
Mortgage Rates Reach Record Lows Thirty year fixed mortgage rates are down in the low, very low, 4% area. Which is great for those who have the down payment, minimum 3.5% for FHA-backed loans and 5% for bank loans, and can qualify. Those few, those lucky few. (With all credit to Shakespeare's St. Crispin's day … [Read More...]
Investment Properties Analysis
How good is the investment property market right now? Well, for the first time in literally decades, properties positively cash flow with 20% down. The drastic decline in interest rates coupled with the property price declines in recent years have made entry level investment property ownership one of the more exciting … [Read More...]
Oh Where Oh Where Did The Foreclosures Go
With all the pundits talking about phantom inventory and the huge surplus of foreclosures, one would expect a massive number of bank-owned properties to be on the market. They are not. Enquiring minds want to know why not. First, let’s look at some numbers. According to http://foreclosureradar.com, the number of … [Read More...]
The Real Estate Report – Local Market Trends
Is It Time To Buy A Home? It’s funny, back in 2006 and 2007 almost no one was asking that question. Instead, they were asking, “How much home can I buy?” Wrong question at the wrong time. Fast forward to today and buyers should be asking “how much home can I buy” and not “is it time to buy a home.” Yes, I know, … [Read More...]
New Senate Bill Forgives All Debt After a Short Sale
On July 18th, 2011, Gov. Jerry Brown signed into law Senate Bill 458, authored by Senate Majority Leader Ellen Corbett (D-San Leandro). This new California law will further protect homeowners pursing short sales by barring first and second lien holders from going after sellers for money owed after the short sale … [Read More...]
Distressed Property Listings Continue to Fall
Distressed Property Listings Continue to Fall After peaking in 2008, the number of bank-owned and short sale properties on the market have been steadily dwindling. Right now, bank-owned properties comprise 8% of all active listings. Short-sales make up 24%. Correspondingly, investors’ appetites have been curtailed. … [Read More...]
San Diego Home Sales & Inventory
The current sales and foreclosure numbers are below. They basically show in black and white what we are experiencing in the market. Inventory is VERY limited for quality properties that are priced where they need to be. The current market is controlled or at a minimum highly influence by the banks. Controlled on the … [Read More...]
La Jolla Homes Update
La Jolla is a unique market for real estate and values because you can buy a small condo in the $400's to a beach front mansion for $29 million in a relatively small geographical area. We also have a hugely diverse population of people that live and own real estate in La Jolla. It ranges from local residents that live, … [Read More...]
Fannie Mae HomePath & San Diego Foreclosures
Hello, In every market and in every transition in a market there is ALWAYS an opportunity. If there is anything I have learned in real estate in the last several years, it is that you can’t fight the market but you can ADAPT. By staying on top of changes, trends, laws and financing you can UNCOVER OPPORTUNITIES in any … [Read More...]
Short Sales & HAFA
Short Sales have become a substantial part of the market in San Diego and they will continue for another 15 months. Simply put, a Short Sale is when a home is sold for less than the amount owed on the property (underwater, upside down, negative equity are other terms). With home values having dropped anywhere from 30%-60% in … [Read More...]
Facebook
Twitter
LinkedIn
Youtube
Google
Zilow
Trulia