Archive for February, 2013

Just Listed!! Upgraded Home in Tamarack Point

posted on February 27th, 2013 | filed under: Uncategorized

2013-02-17 17.19.21Beautifully upgraded Cape Cod home in Tamarack Point! Has a convenient 1st floor bedroom and bathroom.  All new bathrooms, dual pane windows, custom staircase, kitchen with island, granite counters, tile back-splash, Viking appliances, Bosch Dishwasher & lighted cabinets. Gorgeous wood and tile flooring throughout. Has a formal dining room, family room, vaulted ceilings & large upstairs master suite. Sits on very private lot with open canyon views, room for pool and no neighbors behind you. Community amenities include: Basketball Court, Tennis Court, Playground  and RV Parking.

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Market Update – Low Inventory, High Demand Pushing Prices Up

posted on February 21st, 2013 | filed under: Uncategorized

Property prices continue to surge, driven by a severe lack of inventory and soaring demand.

While inventory did increase last month, it is still at very low levels. There were 8,160 single-family homes for sale as of the 10th of January.

To compare, there were 12,591 homes for sale last January; 13,779 for sale in January 2011; and 14,635 for sale in January 2009.

This has driven year-over-year prices up by double-digits. For single-family homes, the median price has increased by double-digits for the past five months in a row. The median price for condos has enjoyed seven straight months of double-digit gains.

Increasing prices will ameliorate low inventory, eventually. As prices increase, more homeowners will be able to sell at a profit. Also, home builders will start building more as they see profits increase.

To read the full report on-line, go to: http://dechamplain.rereport.com

trends

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New Feature – HomeDex Report

posted on February 15th, 2013 | filed under: Uncategorized

Now available for your review is the Monthly HomeDex Report compiled by the North San Diego County Association of REALTORS® (NSDCAR). In this report, NSDCAR has created this Index as an ongoing means to determine the extent to which North San Diego County residents can afford to purchase homes being sold each month in the 32 Zip Codes serving North County.  In order to arrive at a consistent definition of “affordability,” the Index takes into account a conventional 20 percent down payment and not more than one third of a household’s income dedicated to a monthly mortgage payment. The Index includes the median prices and affordability indices for both detached and attached single-family homes.

Click On The Report Below For This Month’s HomeDex Report

HomeDex

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“The Heart & The Sea” Film Premiere – Friday at La Poloma

posted on February 14th, 2013 | filed under: Uncategorized

Cardiff_021213_mainCardiff, CA – The Heart & The Sea by Freefilms is the third release from independent Australian filmmaker Nathan Oldfield, the creator of the highly regarded left of center surf films Lines From a Poem and Seaworthy.

Over three years in the making, The Heart & The Sea explores the joy that lies at the very center of a surfing life: family, friends & a shared intimacy with the sea. Filmed in Australia, New Zealand, France & Spain, this is a gently refreshing & quietly enchanting contribution to the surf film genre.

Beautifully captured and sensitively crafted, The Heart & The Sea features Dave Rastovich, Lauren Lindsey Hill, Alex Knost, Tom Wegener, Sage Joske, Brett Caller, Johnny Abegg, Kassia Meador, Clovis Donizetti, Belinda Baggs, Paul Joske, Ryan Burch, Chris Del Moro, Matt Chojnacki, Jared Mell, Dane Peterson, Harrison Roach & many others.

FRIDAY FEBRUARY 15TH, 2013 – 7:30PM (ONE SHOW)
LA PALOMA THEATER
TICKETS: $5 at door, advance tickets available at the Patagonia Cardiff Store or online

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Economic Update – Mortgage Rates Trending Higher

posted on February 1st, 2013 | filed under: Uncategorized

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates continuing to trend higher amid a growing economy led in part by the recovering housing market. This marks the first week the 30-year fixed-rate mortgage has averaged above 3.5 percent since September 13 of last year. The all-time record low for the 30-year fixed was set the week of November 21, 2012, when it averaged 3.31 percent.
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Jeff DeChamplain