Archive for November, 2014

Pride of Ownership in Poway

posted on November 18th, 2014 | filed under: Uncategorized

Pride of ownership throughout! Move-in ready in Rancho Arbolitos. .41 acre lot on a quiet cul-de-sac street, desirable Polo Model offers downstairs bedroom w/ full bath – perfect for guests/extended family.  Large upstairs media/bonus room w/ vaulted ceilings & wet bar. Gourmet eat-in kitchen w/ walk-in pantry, center island, custom built-in refrigerator, granite counter tops & maple cabinets. Close to parks, Lake Poway, Rancho Arbolitos Swim & Tennis, walking/hiking/horse trails & award winning schools.

More Info | Offered at $879,000

posted by Jeff DeChamplain // Leave A Comment

Market Update | Quantitative Easing and Mortgage Rates

posted on November 17th, 2014 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends At A Glance - Nov 2014Quantitative Easing and Mortgage Rates

The Federal Reserve has ended quantitative easing, again. What does that mean for mortgage rates?

For the moment, nothing. The Fed isn’t expected to raise short term interest rates until the middle of next year.

Also, the Fed has a very limited ability to affect long-term interest rates.

Plus, the dollar reached a four-year high recently. Why? Because the economies of other countries around the world are still moribund and that means money is pouring into the United States keeping interest rates low.

We don’t expect that to change for a couple of years.

October Market Statistics

Year-Over-Year

  • Median home prices increased by 7.8% year-over-year to $485,000 from $450,000.
  • The average home sales price rose by 5.0% year-over-year to $622,238 from $592,635.
  • Home sales fell by 14.6% year-over-year to 1,933 from 2,263.
  • Total inventory* rose 37.4% year-over-year to 12,934 from 9,413.
  • Sales price vs. list price ratio fell by 1.1% year-over-year to 97.4% from 98.5%.
  • The average days on market rose by 6.9% year-over-year to 51 from 48.

Compared To Last Month

  • Median home prices slipped by 2% to $485,000 from $495,000.
  • The average home sales price fell by 5.2% to $622,238 from $656,610.
  • Home sales Up by 1.0% to 1,933 from 1,913.
  • Total inventory* increased 2.5% to 12,934 from 12,621.
  • Sales price vs. list price ratio dropped by 0.1% to 97.4% from 97.4%.
  • The average days on market increased by 4.0% to 51 from 49.

Condominium Statistics

Year-Over-Year

  • Median condo prices increased by 10.1% year-over-year to $338,000 from $307,000.
  • The average condo sales price rose by 12.3% year-over-year to $412,863 from $367,636.
  • Condo sales fell by 7.8% year-over-year to 742 from 805.
  • Total inventory* rose 44.2% year-over-year to 4,459 from 3,093.
  • Sales price vs. list price ratio fell by 1.2% year-over-year to 97.8% from 99.0%.

* Total inventory is active listings plus contingent or pending listings. Active listings do not include contingent listings.

 

 

 

posted by Jeff DeChamplain // Leave A Comment

SOLD! All New & Gorgeous! | Lemon Grove

posted on November 3rd, 2014 | filed under: Buying Strategies, Carlsbad, For Sale, Good People, Loving the Lifestyle, Portico, Rancho Carrillo

New kitchen with cherry cabinets, granite countertops & stainless appliances. Two completely remodeled bathrooms include tub with ceramic tile surround & large vanity in shared bath and walk-in shower with tile surround & glass doors in master bath. All new ceramic tile and carpet and freshly painted inside and out. All new doors, dual-paned windows, window blinds & light fixtures. Washer/dryer hookups in garage. All new fencing and drought-tolerant landscaping with drip irrigation.

More Info | Now Offered At $350,000

posted by Jeff DeChamplain // Leave A Comment

Jeff DeChamplain