San Diego Real Estate News
San Diego Real Estate Market Update – May
San Diego Market Bottoms Out Low inventory and high demand are pushing the real estate market in San Diego County off the bottom, slowly. Multiple offers on the best properties in the entry-level market are being fueled by investors. Interestingly, the investors are not flipping these properties, rather, they are … [Read More...]
1377 Caminito Acento in Crystal Bay! Amazing Views. $2,199,000
4 Bedroom, 4.5 Bathroom & 3,715 square feet built in 2000 One of the very best of Crystal Bay. On the highest street, newest phase. The view is absolutely astounding, ocean, white water, bay & city. Truly panoramic.35 Windows over and around the living room, family room, dining room and kitchen. Twenty feet high … [Read More...]
4690 Pauling
Attention buyers: You have to see this home before it sells. It has been beautifully remodeled inside and out. The gorgeous gourmet kitchen features top of the line upgrades. There is an oversized master suite, 1 bedroom and guest bathroom downstairs. There are 3 bedrooms and 1 bathroom upstairs. Bathrooms have been upgraded. … [Read More...]
San Diego Real Estate Market Update – April
San Diego Market Reaching Bottom The real estate market in San Diego County is entering a tumultuous period. Turmoil is normal when a market begins to change direction, especially when the market is reaching a bottom. In this market, because of the size of the bubble, expect the turmoil to last awhile. There are many … [Read More...]
San Diego Real Estate Market Update – March
White House Reduces FHA Refi Fees The Obama administration on Tuesday announced another initiative to allow more homeowners to refinance, this time by dropping fees on federally insured mortgages that have prevented some borrowers from taking advantage of ultralow rates over the past year. Those refinances are reserved for … [Read More...]
San Diego County Real Estate Market Update
Mortgage Debt Relief Act to Expire Once upon a time, when a homeowner did a short sale, the IRS counted the difference between what the bank took and what the homeowner owed as income. Not much incentive there. In 2007, the federal government enacted the MDRA that allows qualified taxpayers to exclude that “income”. The … [Read More...]
Perfect Time to Buy?
Our Friend over at Piggington.com "Jumps the Shark" Great article written by Rich Toscano on January 29, 2012 - 11:39pm I have bought a house in San Diego. I'm also going to start putting up guest posts by Ted McGinley. This (the house buying part) shouldn't be a huge shock for people who've been reading the site of late, … [Read More...]
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...]
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