Archive for April, 2017

SOLD for $530,000! Sea Mesa, Oceanside

posted on April 27th, 2017 | filed under: Uncategorized

Property Website

Charming Sea Mesa home with huge vaulted ceilings, exposed beams and high end vinyl floors in the expansive great room. Open kitchen with updated tile flooring leads to family room with wet bar. Spacious master suite has vaulted ceilings and updated bath. Newer dual pane windows. Large private lot in quiet location with RV/Boat parking and just minutes to Oceanside beaches. The Sea Mesa neighborhood has lovely ocean breezes, mountain views and no HOA or Mello-Roos. Close to Buddy Todd Park, EZ access to freeways, shopping & dining.

PENDING| Now Offered at $535,000

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Thank You For Joining Us At The Belching Beaver Brewery!

posted on April 21st, 2017 | filed under: Uncategorized

A BIG Thank You to everyone that came out and enjoyed Happy Hour with us at the Belching Beaver Brewery on March 14th.

We had so much fun and truly enjoyed having the opportunity to share some laughs with everyone. We are so blessed to have such a wonderful community of friends and clients.

Here is a fun video of the event. Enjoy!

Photo Gallery

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Market Update | Real Estate’s New Normal

posted on April 18th, 2017 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Once upon a time, in a market far, far away, the National Association of REALTORS® decreed that six months of inventory indicated a “balanced” market. This was for the national market. In regional markets, your mileage would vary.

In San Diego, our mileage varied. A “balanced” market here was one-hundred and forty-two days of inventory from January 2000 through December 2006. That was a period of normalcy for the county.

Those days are long gone. During the Great Recession of 2007 through 2011, inventory levels spiked as sales plummeted and foreclosures jumped. Days of Inventory then averaged two-hundred and eleven.

Beginning in 2012, sales rose to normal levels, but inventory went down the drain.

There are three main reasons for the lack of inventory over the past five years, all of which seem intractable.

First, baby boomers aren’t moving. According to an AARP survey, 87% of baby boomers over the age of 65 want to stay in their homes. The main reason is to be near family and friends. Another reason is to avoid excess capital taxes. Selling a principal residence allows for either a $250K shield if single, or a $500K shield if married. Any gains over those amounts are taxed as capital gains. There are some ways around this, most of which involve setting up trusts. That is something you would need to discuss with your tax attorney and/or accountant.

Second, a significant number of the homes that were foreclosed on were bought by hedge funds and big private-equity groups who bought in bulk from the banks. Then, rather than flipping the homes, they rented them out to the families who had been foreclosed upon.

Frank Nothaft an economist with Corelogic, says in 2006 there were nine million single family houses in in the rental stock.  That number increased by three million in the following seven years, he said. Read the rest of this entry »

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Jeff DeChamplain