Archive for October, 2014

Market Update | Case-Shiller Report Slowing Price Increases

posted on October 21st, 2014 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

The latest Case-Shiller press release, reporting on prices through July 2014, confirms what we’ve been saying for months, that while home prices are still increasing, the rate of increase is slowing.

The index for San Diego saw year-over-year price increases dip into the single-digits for the first time since January 2013.

Year-over-year price increases, while still increasing, have been in single-digits for the past six months, according to MLS data.

SEPTEMBER MARKET STATISTICS

Year-Over-Year

  • Median home prices increased by 6.5% year-over-year to $495,000 from $465,000.
  • The average home sales price rose by 5.5% year-over-year to $656,610 from $622,437.
  • Home sales fell by 7.7% year-over-year to 1,913 from 2,073.
  • Total inventory* rose 31.0% year-over-year to 12,621 from 9,634.
  • Sales price vs. list price ratio fell by 1% year-over-year to 97.4% from 98.4%.
  • The average days on market rose by 14.9% year-over-year to 49 from 43.

Compared To Last Month

  • Median home prices slipped by 1% to $495,000 from $500,000.
  • The average home sales price rose by 2.4% to $656,610 from $640,970.
  • Home sales down by 2.3% to 1,913 from 1,959.
  • Total inventory* increased 2.6% to 12,621 from 12,298.
  • Sales price vs. list price ratio dropped by 0.3% to 97.4% from 97.7%.
  • The average days on market increased by 6.0% to 49 from 46.

CONDOMINIUMS

Year-Over-Year

  • Median condo prices increased by 12.9% year-over-year to $350,000 from $310,000.
  • The average condo sales price rose by 14.7% year-over-year to $422,257 from $368,113.
  • Condo sales rose by 1.3% year-over-year to 791 from 781.
  • Total inventory* rose 35.3% year-over-year to 4,355 from 3,219.
  • Sales price vs. list price ratio fell by 2.1% year-over-year to 97.6% from 99.7%.
  • The average days on market rose by 12.7% year-over-year to 47 from 42.

Compared To Last Month

  • Median condo prices improved by 2.5% to $350,000 from $341,500.
  • The average condo sales price fell by 0.4% to $422,257 from $423,935.
  • Condo sales up by 2.6% to 791 from 771.
  • Total inventory* increased 3.0% to 4,355 from 4,227.
  • Sales price vs. list price ratio dropped by 0.1% to 97.6% from 97.7%.
  • The average days on market increased by 15.5% to 47 from 41.

* Total inventory includes active and pending listings.
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Another Successful Sale | The Anderson Family

posted on October 13th, 2014 | filed under: Business Referral, Buying Strategies, Cleint Testimonial, Good People, Loving the Lifestyle, Oceanside, Successful Selling

Anderons

We absolutely love our new home!  Jeff came highly recommended by our friend Shawn Marshall, a past client of Jeff’s and also a member of Jeff’s monthly business networking group.  After meeting with Jeff we spent the better part of a year searching for a house, as we had just had a baby and our wants and needs were constantly changing.  Jeff was great through all of this.  His experience and insights were invaluable, not to mention we had fun chatting with him during showings.

Once we found our dream home we were amazed at the communication and systems Jeff has in place that guided us through the escrow process.  We were supported every step of the way and Jeff’s assistant, Jennifer kept us informed and on track until to the day we moved in.

Even after the close of escrow, Jeff and his team were there for us.  We wanted to build a custom entertainment center and Jeff referred a carpenter, Chris Walsh, from his networking group.  Chris built exactly what we wanted and it is beautiful!  You must work with Jeff and his team if you are looking to buy, sell, or update your home.

Ed, Kim & Gwyneth

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SOLD for $715,000! Move-in Ready Executive Home | Rancho Carrillo

posted on October 1st, 2014 | filed under: Buying Strategies, Carlsbad, For Sale, Good People, Loving the Lifestyle, Portico, Rancho Carrillo

Seller Will Consider Offers Between $699,000 to $749,000. Move-in Ready Executive Home. Entry level bedroom & bath – perfect  for guests & extended family. Cozy Family room with fireplace opens to the eat-in kitchen with granite countertops, cooktop island, dual ovens and walk-in pantry. Enjoy formal dining and the airy living room with dramatic arched windows.  Generous master suite with luxury bath, dual sinks, vanity and soaking tub. Energy saving solar panels, private yard with hardscape, lawn and fountain. Walking trail access directly across the street, plus Rancho Carrillo amenities & award winning San Marcos schools.

More Info | SOLD for $715,000

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Jeff DeChamplain