Buying Strategies Category

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.

 

 

 

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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

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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.
Read the Full Report

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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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REDUCED! One-Of-A-Kind Opportunity | View Lot in Mt. Helix

posted on September 26th, 2014 | filed under: Buying Strategies, For Sale, Good People, La Mesa, Loving the Lifestyle, Mount Helix, Mt Helix, Ocean View, Uncategorized, view lot

2014-09-23 18.43.49

LARGE, BUILDABLE LOT with AMAZING VIEWS in Mt. Helix! Build your dream home and enjoy West and Southwest Ocean views including Point Loma, the Coronado Bridge, City Lights and Mexico.  This is a ONE-OF-A-KIND OPPORTUNITY located on a peaceful and private cul-de-sac street. Well appointed an established neighborhood that sits above it all but city close. Level & gently sloping building pad. Contact Jeff for utility information.

Now Offered at $399,000 to $439,000 | More Info

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SOLD for $460,000! Portico Townhome in Rancho Carrillo

posted on September 11th, 2014 | filed under: Buying Strategies, Carlsbad, For Sale, Good People, Loving the Lifestyle, Portico, Rancho Carrillo

Immaculate Move-In Ready Portico Townhome! Located on a quiet cul-de-sac, this spacious home shows like a model.  Designer colors throughout, lots of upgrades and special touches: arches, crown molding, plantation shutters, wood laminate flooring, recessed lighting, stainless appliances, glass tile backsplash and granite countertops. Large private backyard patio with lush landscaping and room for entertaining. Premier gated complex plus access all Rancho Carrillo Master Community amenities. Walk to school.

More Info | Offered At $465,000

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Better Business By Referral | Featured Business: Adroit Solar

posted on August 26th, 2014 | filed under: Business Referral, Buying Strategies, Del Mar

Working by referral is all about trust. Let’s face it, when we are seeking any service we are all looking for someone we can trust – someone proven who comes highly recommended and is already on our side. Consider me your source of referrals for all types of businesses, real estate related or not. I have partnered with competent professionals who I meet with on a monthly basis and my resources for quality referrals is consistently growing. I am excited to share their expertise with you and hope you have an opportunity to use their services or refer them. You can access a complete list of businesses I refer in my Business Directory. This week’s featured business is:

Adroit Solar – Luciana Da Silva

LucianaLuciana is the Director of Marketing and Corporate Development for the fast-growing company, Adroit Solar. Contact Luciana to see how Adroit Solar can save you from rising energy costs for your home or business. Read about their Residential Services.

About Adroit Solar  | 678-764-8961 | Luciana@adroitsolar.com

 

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5 Ways to Increase Your Credit Score

posted on August 20th, 2014 | filed under: Buying Strategies, Market Update

Excellent Credit ScoreArticle Courtesy of Samuel Scott Financial Group.

There’s no way around it, if you want to buy a home with a mortgage, you’ll get a better rate with a higher credit score. Unfortunately, your credit score takes into account several years of your past financial missteps in addition to your current situation.

While there is no easy “fix” to your credit score, practicing these five suggestions can help you move it in the right direction.

1. Keep Paid-Off Debt on Your Report – While negative debt on your report is bad, paid-off debt is a positive contributor to your credit score. Most of your negative debt falls off after seven years, but keeping positive debt in place can help. If you’ve paid off that line of credit, keep it open (just don’t use it) and when you switch to a different credit card because it has a lower interest rate, keep the old one (again, just don’t use it) so that your “available credit” is higher.

2. Revolving Credit – Your score reflects how much credit you have versus how much you are using at any given time. The lower the credit usage to credit available, the higher your score. To increase your credit available, pay down your balances. Even if you pay your entire balance off every month, you may appear to have a higher usage to available ratio. Since it is your statement balance that many card issuers report to the credit bureaus, consider paying ahead of the statement date.

3. Small Balances on Several Cards – When you have several cards in use at once, even if they have small balances, your score reflects the number of credit accounts in addition to the total balance. Pay off the small balances. Use your lowest interest-rate card for most of your purchases.  Read the rest of this entry »

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Market Update | Median Price Hits $500,000

posted on August 11th, 2014 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Aug-Sept Trends At A GlanceThis is the first time the median price of single family, re-sale homes has been at $500,000 since November 2007.

Since the beginning of the year, the 3-month moving average median price has gained 9%.

Although sales continue to lag, home sales are down 13.7% year-to-date, pending sales were up year-over-year for the first time since February 2013.

July Market Statistics

Year-Over-Year

  • Median home prices increased by 8.7% year-overyear to $500,000 from $460,000.
  • The average home sales price rose by 10.6% yearover-year to $645,220 from $583,384.
  • Home sales fell by 22.6% year-over-year to 2,032 from 2,626.
  • Total inventory* rose 21.6% year-over-year to 11,815 from 9,716.
  • Sales price vs. list price ratio fell by 1.5% yearover-year to 97.8% from 99.3%.
  • The average days on market rose by 9.9% yearover-year to 44 from 40.

Compared To Last Month

  • Median home prices improved by 0.6% to $500,000 from $497,000.
  • The average home sales price fell by 1.3% to $645,220 from $653,820.
  • Home sales down by 9.2% to 2,032 from 2,237.
  • Total inventory* increased 7.5% to 11,815 from 10,994.
  • Sales price vs. list price ratio dropped by 0.1% to
  • 97.8% from 97.9%.
  • The average days on market increased by 3.0% to 44 from 43.

CONDOMINIUMS

Year-Over-Year

  • Median condo prices increased by 4.4% year-overyear to $335,000 from $321,000.
  • The average condo sales price rose by 3.8% yearover-year to $399,440 from $384,749.
  • Condo sales fell by 18.1% year-over-year to 781 from 954.
  • Total inventory* rose 22.7% year-over-year to 4,017 from 3,274.
  • Sales price vs. list price ratio fell by 2.1% yearover-year to 98.2% from 100.3%.
  • The average days on market fell by 12.4% yearover-year to 39 from 44.

 

 

 

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Jeff DeChamplain