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Custom Single Level in Del Cerro

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

preferred-photoSingle level home in small enclave of custom Del Cerro residences. Great floor plan perfect for entertaining. Enjoy large spacious rooms & numerous upgrades including: custom leaded glass front door, dual paned windows, plantation shutters, air conditioning, ceiling fans, skylights, lots of built-in storage as well as many plumbing & electrical upgrades and hardwood floors under the carpet. Kitchen features Corian counters, oak cabinets w/ pull out drawers, oversized double sink & pull out faucet. The large in house laundry adjacent to the kitchen also contains the built in pantry. The roomy garage and oversized driveway can accommodate numerous cars – and easy to add RV parking. Situated on a large level lot with an extremely private and serene rear yard with planter boxes, grassy areas, tile paved patio and ambient lighting – all enclosed within a gracefully tall stucco wall. SOLD 3/3/2016 for $630,000.

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Hear What The Seller Had To SayThe DeChamplain Group Is Truly Outstanding

I had been contemplating for some time a move from California to Oregon. Recently, I saw a townhouse that was for sale in Redmond, Oregon and called the listing agent, Leanne Johnson. During our conversation, Leanne inquired if I had a realtor in San Diego. I told her I didn’t and asked if she knew of a company with integrity and experience. She told me that her son who lives in Carlsbad was exceptionally pleased with Jeff DeChamplain, so I called them. Best decision I have ever made! The home I needed to sell to make my move to Oregon has been my family home since 1959, so it was very important to me to have individuals who respected me and would walk me through each step.

My initial contact on the team was with Jennifer Locke. She listened, showed unending patience with my many questions, and made sure to explain and accommodate even the tiniest detail every time we met. Then I had the pleasure of meeting Jeff DeChamplain, a true gentleman who reiterated to me that he was looking out for my best interest. He listed my home and within two days there were multiple offers above the asking price.

Through the transaction, Jennifer Lego kept me constantly informed of appointment times, documents that needed signing and a multitude of coordination.

Bottom line: If you want the BEST, choose the DeChamplain Group! The professionalism, efficiency, customer support this entire team showed with aplomb is exceptional and not always found in today’s world.

Thank you from my heart, Pamela Burroughs

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Waterfront Twin Home in Bristol Cove

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

34_image_34_mlsLight and bright great room floor plan opens to cove view patio. Sleek kitchen with granite counters, stainless Jenn-Air cook top and double ovens. Beautiful tile and white Bamboo floors throughout. Spacious master retreat with vaulted ceilings and water view balcony. Luxurious spa like master bath with dual sinks, jetted tub and walk-in closet with built in organizers. Additional bedrooms share a Jack and Jill bath with jetted tub. 2-Car garage with built-ins, epoxy floors and tankless water heater. SOLD 2/26/2016 for $745,000

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Market Update | Prices & Sales Up in 2016

posted on January 23rd, 2017 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

The median price for single-family homes in San Diego County rose 5.4% in 2016 compared to 2015. This is the fifth year in a row the median price for homes was higher than the year before.

The median price for condos/townhomes rose 8.3% from 2015, again, the fifth year in a row of higher prices.

Single-family home sales gained 0.7% year-over-year. Condo/townhome sales were up 0.3%.

Days of Inventory were at their lowest since before 2008, which means the pressure on pricing will continue.

NEW FHA LOAN LIMITS FOR 2016

The Federal Housing Finance Agency has released the conforming loan limits change for 2017. This change resulted in higher loan limits beginning in January for many counties across the country.

The Federal Housing Administration is insuring loans for people looking to purchase a home or refinance a home with a little equity. The program insures loans up to the maximum loan limit in the county in which the property is located.

The maximum loan limit in San Diego County is rising to 612,950 for 2017. This represents a significant change for people looking to purchase a home who have good income, sufficient credit, and a healthy debt-to-income ratio who are otherwise tight on cash to close. This change represents bigger borrowing power in nearly every county across the United States.

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An Enlightening Experience

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

Enlightening

The True Heart True Mind Enlightenment Intensive

We are excited to invite you to a special event offered by an amazing friend of ours, Joseph Rubano. Joseph is offering his annual “True Heart True Mind Enlightenment Intensive” that takes place April 27th – May 1st.

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Here is what past participants have to say about this amazing and powerful experience:

“The True Mind True Heart Intensive is one of the most powerful and valuable courses I’ve ever participated in. The after effects penetrate all aspects of my life. It is quickly becoming a mainstay of ‘continuing education’ for my profession as well as my quest for personal and spiritual evolution.” DT. Author, Coach and Healer —  EI April 2016

“If you are looking for an experience that will create a shift in the way you view yourself, your relationship to Life and to the Path, I highly recommend this process.” Theresa C, teacher — EI November 2011

“I want to say that the enlightenment intensive has changed my life. The separation from the mechanical mind has been deeply effected by the beautifully painful process. My soul is so full of joy and something that I have longed for and striven towards my whole adult life, “a direct experience of the divine being, me” Thank you for the service and dedication to humanity.” Kayren P. massage therapist– EI October 2015

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Market Update | Prices & Sales Continue Rising

posted on January 6th, 2017 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

1-6-17Prices of both homes and condos were up in November.

The median price for single-family, re-sale homes and condos was higher than the year before for the fifty-fourth month in a row.

Home sales were up for the fourth month in a row and are up 1.9% year-to-date.

Inventory, or the lack thereof, is keeping prices up. In November, there were only 4,494 active home listings. The average since January 2001 is 8,660.

With NIMBYism rampant in San Diego County, witness the voting down of the Lilac Hills project, which would have built 1,746 new homes in Valley Center, the outlook for new construction is grim.

NOVEMBER SALES STATISTICS

SINGLE-FAMILY HOMES

Year-Over-Year

• Median home prices increased by 4.8% year-over-year to $549,700 from $524,750.

• The average home sales price rose by 3.8% year-over-year to $699,552 from $674,046.

• Home sales rose by 21.8% year-over-year to 1,876 from 1,540.

• Total inventory_ fell 8.5% year-over-year to 7,345 from 8,025. • Sales price vs. list price ratio rose by 0.1% year-over-year to 97.9% from 97.8%.

• The average days on market fell by 8.1% year-over-year to 41 from 45.

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Market Update | C.A.R.’s 2017 California Housing Market Forecast

posted on December 8th, 2016 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

trends-at-a-glance-nov-2016Following a dip in home sales in 2016, California’s housing market will post a nominal increase in 2017, as supply shortages and affordability constraints hamper market activity, according to the “2017 California Housing Market Forecast,” released today by the CALIFORNIA ASSOCIATION OF REALTORS ®’ (C.A.R.) .

The C.A.R. forecast sees a modest increase in existing home sales of 1.4 percent next year to reach 413,000 units, up slightly from the projected 2016 sales figure of 407,300 homes sold. Sales in 2016 also will be virtually flat at 407,300 existing, single-family home sales, compared with the 408,800 pace of homes sold in 2015.

“Next year, California’s housing market will be driven by tight housing supplies and the lowest housing affordability in six years,” said C.A.R. President Pat “Ziggy” Zicarelli. “The market will experience regional differences, with more affordable areas, such as the Inland Empire and Central Valley, outperforming the urban coastal centers, where high home prices and a limited availability of homes on the market will hamper sales. As a result, the Southern California and Central Valley regions will see moderate sales increases, while the San Francisco Bay Area will experience a decline as home buyers migrate to peripheral cities with more affordable options.”

C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 2.2 percent in 2017, after a projected gain of 1.5 percent in 2016. With California’s nonfarm job growth at 1.6 percent, down from a projected 2.3 percent in 2016, the state’s unemployment rate will reach 5.3 percent in 2017, compared with 5.5 percent in 2016 and 6.2 percent in 2015.

The average for 30-year, fixed mortgage interest rates will rise only slightly to 4.0 percent in 2017, up from 3.6 percent in 2016, but will still remain at historically low levels.

The California median home price is forecast to increase 4.3 percent to $525,600 in 2017, following a projected 6.2 percent increase in 2016 to $503,900, representing the slowest rate of price appreciation in six years.

“With the California economy continuing to outperform the nation, the demand for housing will remain robust even with supply and affordability constraints still very much in evidence. The net result will be California’s housing market posting a modest increase in 2017,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “The underlying fundamentals continue to support overall home sales growth, but headwinds, such as global economic uncertainty and deteriorating housing affordability, will temper stronger sales activity.”

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SOLD for $625,000! Quiet Carmel Valley Townhome

posted on November 8th, 2016 | 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!

Offered at $629,000 | More Info & Photos

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Market Update | Granny Flat Restrictions Eased

posted on October 21st, 2016 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

trends-at-a-glance-oct-2016Granny Flat Restrictions Eased

Lawmakers in Sacramento have reduced the regulations on adding “granny flats”.

Granny flats, so-called because they were originally intended to house elderly parents, were beset by many local regulations that increased their cost.

The new legislation, which goes into effect in January, reduces and/or eliminates many of the restrictions put in place by local governments.

The intent of the law is to add more units to the housing stock.

The legislation says that as long as the granny flat meets current zoning guidelines, the homeowners can avoid having to get a conditional use permit.

Local agencies would be blocked from charging connection fees for the granny flats for water and sewer service. Other requirements, such as adding fire sprinklers for small accessory dwelling units even if the primary residence doesn’t need them, are eliminated under the legislation.

Anthony Andaya, president of the Pacific Southwest Association of Realtors, said granny flats allow for extra rent cash to offset the rising price of homes.

“This allows homeowners to get a little more income out of their properties, which is nice for owners to counteract some of their larger costs right now,” he said.

Lack of inventory and new home building has contributed to the recent run-up in home prices.

This is a step in the right direction, but as Steve Russell, executive director of the San Diego Housing Federations said, “It’s a modest step. Anything that contributes to housing supply is part of the solution … it’s a big drop in the bucket but it’s still just a drop in the bucket.”

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SOLD for $415,000! Coastal Carlsbad Townhome

posted on August 12th, 2016 | filed under: Uncategorized

1_8319559_76302_EA-76302-101

Coastal Carlsbad – Walk to the Beach!

Spacious townhome West of I-5 with 2 roomy master suites. Large open living area w/ balcony, dining room & wet bar, well appointed kitchen & interior laundry. Freshly painted w/ brand new carpet throughout. 1 Car attached garage w/ direct access to unit. Tropical gated community w/ pool, spa, barbecues, lush greenery, meandering waterways and tree-lined walks. Close to Everything: Carlsbad Village, Schools, Freeways, Shopping, Restaurants & Lagoon. Walk to the Beach!

Reduced! Offered at $425,000 | More Info & Photos

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SOLD for $605,000! Golf Course Views in Lake San Marcos

posted on August 12th, 2016 | filed under: Uncategorized

10_8325139_76304_EA-76304-112SOLD for $610,000! Resort Style Living in Lake San Marcos

Beautiful Single Level Home on the 2nd hole of St. Marks Golf Course. Spacious floorplan with formal living, dining and bonus sunroom. Indoor & outdoor living is well integrated in this home, perfect for entertaining with 2 outdoor patios. Wood laminate floors, new carpet in bedrooms & freshly painted throughout with epoxy floor in garage. Buyer can enjoy access to pools, tennis courts & many other amenities with Lake & Lodge lease. Great schools, NO HOA or Mello Roos, close to all!

Seller Will Consider Offers Between $599,000-$619,000 | More Info & Photos

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