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REDUCED! – Ocean Views in Carlsbad | Alta Mira II

posted on December 5th, 2014 | filed under: Uncategorized

22_images22_mlsOcean Views in Carlsbad | Alta Mira II

OCEAN VIEWS!…from Living Room, Master & Balcony. Updated, spacious, single level, end unit. Kitchen has new granite counters, recessed lighting & tile flooring. Bathrooms have new vanities, fixtures, granite counters & tile flooring. Large living room/dining area has new wood laminate flooring & an abundance of windows. Both bedrooms have new carpet, crown molding & master opens to balcony. Single car detached garage in desirable Alta Mira II complex with lush grounds, walkways, pool/spa, clubhouse.

More Info | Offered at $498,900

 

 

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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

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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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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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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 $607,000! Discovery Hills Home

posted on September 11th, 2014 | filed under: Discovery Hills, For Sale, Good People, Loving the Lifestyle, San Marcos, Uncategorized

2014-08-28 14.15.54 2

Very private Discovery Hills home on .25 acre lot -only one neighbor!  Beautiful home with bright & open floor plan, large rooms, wood floors, tile & carpet, high ceilings, oversized eat-in kitchen with granite countertops, island, extra-large pantry & plenty of storage. Well appointed master retreat with spacious master bath, wood floors, dual vanities/sinks, make-up area and separate soaking tub. Serene canyon views, newly landscaped front & back with EZ access to Discovery Hills walking trails & parks.

More Info  | SOLD for $607,000

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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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We Are Excited to Share Some Big News…We’ve Moved!

posted on August 1st, 2014 | filed under: Uncategorized

photoThe DeChamplain Group is now in partnership with Windermere Homes & Estates in La Costa. We are thrilled to rejoin with friends and colleagues that we have had the privilege of working with for many years.

Our primary focus is to continue to provide first class service to YOU! Aligning with Windermere Homes & Estates will allow us to build on the services we offer and help grow our team.

Windermere Announcement

Our new address is below and all other contact information remains the same.

The DeChamplain Group | Windermere Homes & Estates

6965 El Camino Real, Suite D-107, Carlsbad CA 92009

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Market Update | Prices Keep Rising

posted on July 18th, 2014 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends at a Glance - July 2014The median price of single-family, re-sale homes reached its highest level since November 2007.

Since the beginning of the year, the 3-month moving average median price has gained 6%.

The rise in prices is pulling home owners out from under water. We can see this in the large increases in active listings over the past two months.

Rising inventory has ameliorated the rise in prices. After 17 out of 18 months with double-digit price increases, year-over-year, the last three months have produced only single-digit price increases.

Price increases should continue to slow for the rest of the year.

To read the full report: http://dechamplain.rereport.com

 

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It’s Racing Season in Del Mar

posted on July 11th, 2014 | filed under: Del Mar, Good People, Local Community Events, Loving the Lifestyle, Uncategorized

del mar racingIf you’ve never been to the Del Mar Racetrack, now is the perfect time to check it out!  The 2014 season begins on Thursday, July 17th, and there’s a whole summer’s worth of fun to discover.  Not only do they boast some of the best horse racing in the region, they also host a fantastic concert series featuring some of today’s hottest musical acts.

Del Mar Thoroughbred Club Racing Season

Thousands of fans flock to the Del Mar Racetrack every season to enjoy the horse-racing tradition that dates back to 1937.  Iconic Hollywood celebrity Bing Crosby opened the track that year, and one year later the infamous Seabiscuit won by a nose.  Horse races happen five days a week, from Wednesday through Sunday.  On most days, the first post time is 2pm, except Fridays which happens at 4pm.  The 2014 season runs from July 17th through November 7th.

Opening Day

Be part of the tradition of the track and join them for their Opening Day on Thursday, July 17th!  More than 45,000 fans are expected to attend, and it’s considered one of the most fashionable events on the west coast.  Tickets to the Opening Day Party are $30 each, which include:

  • Stretch Run Racetrack Admission and access to the party in the trackside Seaside Cabana and Concert Area
  • Live DJs
  • Microbrew Beer Garden
  • Gourmet Food Trucks
  • Large private areas for wagering
  • Photo Booths, prize giveaways and more!

Read the rest of this entry »

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Jeff DeChamplain