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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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Market Update | Condo Prices Set New Highs in February

posted on March 21st, 2017 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Both the median and average prices for condos set new all-time highs in February. It was also the fifty-seventh month in a row the median price has been higher than the year before. The median price for single-family, re-sale homes was higher, year-over-year, for the fifty-seventh month in a row. Home sales eked out 0.5% gain compared to last February. Condo sales, on the other hand, were just over one-third the monthly average since January 2001. The inventory of actively listed single-family, re-sales homes in San Diego County continues to define the market. There were 3,587 homes for sale as of March 10th. The average number of homes for sale each month since January 2001 is almost 8,582. Days of Inventory, or how long it would take to sell all the homes on the market at the current rate of sales is sixty days. The average in San Diego County 146 days.

The sales price to list price ratio jumped to its highest level since last July: 98.2%.

New Housing Law for Teachers as we wrote about several months ago, the inability of people who serve the community to afford to live here has a deleterious effect on the community. Last fall, Governor Brown signed the “Teacher Housing Act of 2016” to make it easier for school districts to provide affordable housing for their employees. Authored by Mark Leno, the former Democratic state senator from San Francisco, the law gives districts explicit permission to set aside housing exclusively for its employees and, crucially, to take advantage of state and federal tax credits to develop these projects. Under prior law, projects that make use of these low-income housing subsidies had to be open to all tenants who met the income guidelines, to prevent public funds from subsidizing housing discrimination. The new law makes an exception for teachers and district employees.

Read the rest of this entry »

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SOLD! Private Single Level Beach Bungalow

posted on March 7th, 2017 | filed under: Uncategorized

SOLD for $732,500! Private Single Beach Bungalow in Encinitas

Encinitas Beach Bungalow! Private single level with new contemporary redwood fencing. Beautifully updated kitchen, bathrooms & all new bamboo flooring. Kitchen has granite counters, stainless appliances, gas stove, bay window & lots of light. Bathrooms include new sinks, fixtures, cabinets & tile flooring. Entertainers front yard features fire pit and drought resistant native landscaping. EZ Encinitas location close to beaches, shopping & walking distance to Ocean Knolls Elementary and Oak Crest Middle.

Offered at $699,000 to $749,000 | More Info

Here is what our sellers had to say:

We couldn’t be happier with how Jeff, Jennifer Locke & Jennifer Lego helped us sell our house in Encinitas while we were in the middle of an international move back to Australia. They made everything seamless in a very stressful time. Jeff and his team walked us through the whole process, always with our best interests at heart to make sure that we sold our house for the price we wanted as quickly as possible. Even though we listed the weekend before Christmas, we had four offers within two days of listing and closed within a month. I can truly say that Jeff and Jennifer are the best real estate agents we have ever worked with. Jeff also helped us to buy our house and was equally wonderful during that process. I highly recommend that you contact Jeff if you are buying or selling a home in San Diego or North County. I am happy to provide an email address and give you more details if needed because I want you to have the same wonderful real estate experience we had.

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SOLD! Single Level on Large Corner Lot in Sea Mesa, Oceanside

posted on March 6th, 2017 | filed under: Uncategorized

SOLD for $560,000! Single level on.23 acre corner lot in lovely Sea Mesa, minutes to Oceanside beaches.  Professionally updated, bonus room/office, bright & open floor plan, new bathrooms, new luxury Vinyl Plank flooring, dual pane windows, central A/C & heat.  Spacious eat-in kitchen opens to large covered patio, versatile shed with sliding barn doors perfect for workshop or studio. RV/Boat Parking with hookups. Close to Buddy Todd Park, EZ access to freeways, shopping & dining. NO HOA or Mello-Roos!

Offered at $535,000-$555,000

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Single Level in Clairemont/Bay Ho

posted on March 6th, 2017 | filed under: Uncategorized

Sold Before Coming On the Market!

This one went so fast we didn’t have time to input into the MLS before it was SOLD. Lovely single level home on large lot with panoramic bay & canyon views. Great layout with 3 Bedroom, 2 Bathrooms and 1,044 Square Feet of Living Space. Excellent Bay Ho location, close to everything San Diego is known for; Mission Bay, Downtown San Diego and UC San Diego.

SOLD for $550,000!

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An Evening Of Poetry

posted on March 6th, 2017 | filed under: Uncategorized

An Evening Of PoetryIn the Valley of the Praiseful Tongue

An Evening of Poetry with Two Old Friends

Saturday April 1st  7 – 8:30 pm

At the Encinitas Community and Senior Center – Room 120*

 1140 Oakcrest Park Dr. Encinitas, CA 92024 ( b/t Balour Dr & Via Guadaupe)

Joseph writes: Paul and I met on the Mexican border in 1979, spirit brothers who now live at the farthest edges of the country – me in San Diego, Paul in Bar Harbor, Maine. Our paths and our work continue to reflect each other and overlap in many remarkable ways. Paul has been writing poetry for over 50 years, Joseph almost 30. He recognized and named the poet in me before I did. We have read together in New York, Massachusetts and Maine. He writes with a breadth and a depth and a craft that is a joy to experience and speaks his poetry in a way that is a joy to hear. I figure it is time I introduce Paul to the poetry community in San Diego. This evening is about saying hello, turning the poetry wheel, and enjoying each other.

Whatever hour you wake me… I awaken in the Holy trinity of our friendship:

Your gaze, Your smile,

The Word that blossoms between.

From Rubano, Tending the Sacred Fire

Paul writes: Joseph and I keep the sacred fire going through the night. You can take that at any level. But we do actually keep a central fire going when we partner in supporting vision quests. We overlap around 3 in the morning and sit a bit under the stars. I wrote on such an occasion: “Our words together, however deep, always boil down to one thing: that thing that makes us laugh or smile.” All water runs downhill to that point. I guess that’s friendship. Joseph’s poetry extracts the juice out of the air and makes it available for all to see and taste. He is a celebrant and a praise-singer. And he’s a sweet revelation for those who previously thought they didn’t like or didn’t “get” poetry.

Beauty holds the worlds in its trembling paw, seeking the soft and sometimes violent vehicle of its entry, not least in the stuttering epiphanies of the human tongue, the orgasmic crises of expectant and teetering inarticulateness, the searching and singular succession of words.

From Weiss, In the Valley of the Praiseful Tongue

Call Joseph at 760-754-1148 if you have questions or need to know more

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The DeChamplain Group – A Year In Review & Looking Ahead

posted on January 24th, 2017 | filed under: Uncategorized

What a blessed year 2016 was….

We had the privilege of helping 30 families with their real estate moves. The wonderful part is that each family was a repeat client or a referral from our amazing clients.

Of course we had a lot of fun too! We had three big events in 2016 celebrating our clients. The first was our St. Patrick’s themed party at The Belching Beaver (PHOTOS). Our next event was the annual family bowling day in San Marcos (PHOTOS). Each year it gets more and more fun. Our last event of the year is near and dear to our hearts where the theme is always gratitude at our Pre-Thanksgiving Gratitude Party. This year we added live Brazilian music and a delicious dinner from Sabor de Vida Brazillian Grill (PHOTOS). We also joined the Movember foundation and are proud to announce that you helped us raise over $1000 dollars. Here is a short video of this awesome event – ENJOY!

2016 also brought us a new team member, Emilie Gaffney. Emilie is our dedicated Buyer’s agent with 12 years of sales and service experience – MEET THE TEAM.

In 2017…

We are looking forward to creating more rewarding real estate experiences for our clients, their friends and families. Spring of 2017 is going to be a terrific market for our buyers and sellers. We will keep you informed and up to date on the 2017 Market Trends with our monthly reporting from multiple sources.

And finally – what is most important is the value of your home. I’ll be contacting everyone during February to discuss your home’s true value. You may be excited to learn your home is worth more than when you bought it.

With much gratitude and excitement for what’s to come in 2017!

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Quiet Carmel Valley Townhome

posted on January 23rd, 2017 | filed under: Uncategorized

27_8438291_79729_bpo-_79729_-127Quiet townhome in highly desirable Chateau Village. Totally updated kitchen, gorgeous granite, quiet close cherry cabinets, newer high end appliances. Lovely private back patio with brand new pavers along a quiet wooded area. Abundant natural light throughout, high windows and vaulted ceilings. Double master suites upstairs. Rear master suite overlooks woods, large soaking tub & walk in closet. BRAND NEW A/C. Easy guest parking. Walkable to Del Mar Heights shopping and movie theater. LOW Mello Roos! SOLD on 12/22/2016 for $625,000.

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Rare Single Level on Oversized Lot in Spinnaker Hill, Carlsbad

posted on January 23rd, 2017 | filed under: Uncategorized

2_8440413_79941_ea-79941-102Architecturally redesigned kitchen & bathrooms – you must see! Spacious layout with extra BONUS ROOM – perfect for office, play room, you name it! Your new kitchen comes complete with Pental Quartz countertops, Kraftmaid solid wood cabinets, stainless Jenn-Air appliances including 5 burner gas stove, convection oven & bay window overlooking a park like back yard. Luxurious master bath is all new with marble floors, hansgrohe fixtures & Kohler sinks. SOLD on 12/22/2016 for $897,000.

More Info & Photos

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Jeff DeChamplain