Uncategorized Category

Market Update | Lack of Affordable Homes to Continue

posted on December 17th, 2015 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends At A Glance - Dec 2015Housing affordability is one area where California can expect to experience long-term pain. Statewide, the percentage of households that earn enough to purchase a median-priced home rose 34 percent in early 2015 before settling in the low 30s—down from a high of 53 percent in 2011 and 36 percent in 2014. In high-priced coastal cities, percentages have fallen into the teens and lower.

The cause? Too many people, not enough homes being built, and rising prices that make it difficult, if not impossible, for many renters to buy. With renters paying a larger share of their income on rent, it is more difficult for them to save for a down payment.

“When I think about affordability, the first thing I think is, ‘Do we have an adequate supply?’” said Raphael Bostic, Ph.D., Judith and John Bedrosian Chair in Governance and the Public Enterprise at USC’s Price School of Public Policy, who recently returned to USC following three years as chief policy and research advisor to the Secretary of the U.S. Department of Housing and Urban Development.

Read the rest of this entry »

posted by Jeff DeChamplain // Leave A Comment

We Are So Grateful to You, Our Amazing Clients!

posted on November 25th, 2015 | filed under: Uncategorized

Jeff & Calu4th Annual DeChamplain Group Pre-Thanksgiving Gratitude Party

On Monday, November 23rd, we held our 4th Annual DeChamplain Group Pre-Thanksgiving Gratitude Party at our office here in Carlsbad.  We had over 50 friends and family do us the honor of attending. This event is a special way for us express our sincere gratitude to all of our clients for allowing us be their go to source for their real estate needs and for trusting us with referrals of friends and family members.

We want to extend a special thank you to Richard & Laura DeBell, past clients, friends and our chefs for the evening.  The DeBells prepared their yummy pulled pork sliders for our guests along with home made cole slaw and fresh baked chocolate chip and peanut butter cookies. What a treat! And of course, everyone went home with their choice of Julian Pie.

Thank you to all of those who came out to celebrate this warm and wonderful community of friends and family that we have had the pleasure of serving for the past 13 years.

We look forward to seeing you all again next year. Happy Thanksgiving!

 

posted by Jeff DeChamplain // Leave A Comment

Market Update | C.A.R.’s 2016 California Housing Market Forecast

posted on November 20th, 2015 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends at a glance 11.20.15California home sales to increase slightly, while prices post slowest gain in five years. California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast”.

The C.A.R. forecast sees an increase in existing home sales of 6.3 percent next year to reach 433,000 units, up from the projected 2015 sales figure of 407,500 homes sold. Sales in 2015 also will be up 6.3 percent from the 383,300 existing, single-family homes sold in 2014.

“Solid job growth and favorable interest rates will drive a strong demand for housing next year,” said C.A.R. President Chris Kutzkey. “However, in regions where inventory is tight, such as the San Francisco Bay Area, sales growth could be limited by stiff market competition and diminishing housing affordability. On the other hand, demand in less expensive areas such as Solano County, the Central Valley, and Riverside/San Bernardino areas will remain strong thanks to solid job growth in warehousing, transportation, logistics, and manufacturing in these areas.”

C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 2.7 percent in 2016, after a projected gain of 2.4 percent in 2015. With nonfarm job growth of 2.3 percent in California, the state’s unemployment rate should decrease to 5.5 percent in 2016 from 6.3 percent in 2015 and 7.5 percent in 2014.

The average for 30-year, fixed mortgage interest rates will rise only slightly to 4.5 percent but will still remain at historically low levels.

“Solid job growth and favorable interest rates will drive a strong demand for housing next year,” said C.A.R. President Chris Kutzkey.

The California median home price is forecast to increase 3.2 percent to $491,300 in 2016, following a projected 6.5 percent increase in 2015 to $476,300. This is the slowest rate of price appreciation in five years.

“The foundation for California’s housing market remains strong, with moderating home prices, signs of credit easing, and the state continuing to lead the nation in economic and job growth,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “However, the global economic slowdown, financial market volatility, and the anticipation of higher interest rates are some of the challenges that may have an adverse impact on the market’s momentum next year. Additionally, as we see more sales shift to inland regions of the state, the change in mix of sales will keep increases in the statewide median price tempered.”

Read the Full Report  |  Print the 4-Page Report (PDF)

posted by Jeff DeChamplain // Leave A Comment

Market Update | What to do with Excess Capital Gains

posted on October 16th, 2015 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends at a glance 10.15.15Your September 2015 Market Update

Over the past fifteen years, the value of homes in San Diego County has almost doubled.

In January 2001, the median price for single-family, re-sale homes was $265,000. In September 2015, the median price was $515,000.

Many homeowners will find they may owe capital gains tax on the sale of their property.

Most homeowners know they can exclude $250,000 of their capital gains. For married couples filing jointly, the exclusion goes up to $500,000.

The exclusion is only for your principal residence. You must have lived in the home for an aggregate of at least two of the five years before the sale.

One nice thing about calculating your gain is it is based on your home’s selling price minus deductible closing costs, selling costs and your tax basis in the property. Your basis is the original purchase price, plus purchase expenses, plus the cost of capital improvements, minus any depreciation and minus any casualty losses or insurance payments.

Deductible closing costs include points or prepaid interest on your mortgage and your share of the prorated property taxes.

Of course, like any law, there is a lot of fine print. If you are planning on selling your home, we highly recommend consulting with an accountant or real estate attorney.

Read the Full Report  |  Print the 4-Page Report (PDF)

posted by Jeff DeChamplain // Leave A Comment

Market Update | Where are All the Homes for Sale?

posted on September 14th, 2015 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends At A Glance 9.15.15Market Update

Homeowners caught in affordability squeeze, are staying put, REALTOR® survey finds.

LOS ANGELES (August 26) – Even with rising home prices over the past few years, many homeowners who have considered selling are deciding not to because they are caught in an affordability squeeze that is compounded by a lack of inventory, according to findings from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) “2015 Survey of California Homeowners.”

More than one-third (35%) of homeowners have considered selling their home in the past year, and of that share, about two-thirds (64%) are reluctant to sell because they are finding they can’t afford the home they really want, the survey found.

C.A.R.’s Survey of California Homeowners also found that more than half (59%) of homeowners have not seriously considered selling their home in the past year, with more than half (60%) saying their current home will be their retirement residence. For those who have been in their home 15 years or more, that figure rises to 70%. But for others (44%), the affordability crunch, higher property taxes, and home prices are keeping them in their current home.

Read the rest of this entry »

posted by Jeff DeChamplain // Leave A Comment

Surf Dog Surf-A-Thon

posted on September 11th, 2015 | filed under: Uncategorized

sURF dOGJoin surfing dogs in San Diego for the 10th Annual Surf Dog Surf-A-Thon Dog Surfing Competition!

Dog surfing in San Diego means more than just a great time – all proceeds help rescue pets too! The Surf Dog Surf-A-Thon dog surfing competition begins at 8:00am, September 13, 2015, at Dog Beach in Del Mar.

More Info

 

posted by Jeff DeChamplain // Leave A Comment

A Special Invitation | September 10th

posted on September 8th, 2015 | filed under: Uncategorized

Picture1FREE Special Event with Dinner!

September 10th, 2015, 6:00P to 7:30P

Debin Hall located at 120 Stevens Ave. Solana Beach

Don’t miss this special FREE event where world renowned speaker, author of Fat, Fed Up and Fatigued and founder of the program 8 Weeks to Wellness, Dr. Dane Donahue will be traveling from Philadelphia to deliver a health message right here in our own town. Dr. Dane’s message is strong and anyone interested in leading a healthier life style will not want to miss this. 8 Weeks to Wellness is a revolutionary program that has over 80 licensed offices around the world and thousands of success stories that you will be able to hear first hand at this free event.

This event will be hosted by Dr. Lamont Loy, owner of Loy Chiropractic Arts and will be held at Debin Hall located at 120 Stevens Ave. Solana Beach on September 10th from 6:00pm- 7:30pm.

Loy Chiropractic Arts which is located at 616 Stevens Ave. was selected to be the first office in San Diego to offer the 8 Weeks to Wellness Program that Dr. Donahue has created. Learn the keys to a healthy lifestyle at every age in order to lose weight, reduce dependence on medications, and increase overall quality of life.

This event is open to the public and guests are encouraged and welcome to bring a friend. In addition to Dr. Dane’s presentation a healthy dinner will be served. Tickets are FREE but, registration is required by either calling Loy Chiropractic Arts at (858) 436-7162 or by going to eventbrite.com and searching 8 Weeks to Wellness.

WATCH THE VIDEO

Seating is limited, so sign up today to guarantee your spot!

 

posted by Jeff DeChamplain // Leave A Comment

SOLD for 957,500! Large Family Home in La Costa Valley

posted on September 1st, 2015 | filed under: Uncategorized

Two 1st Floor Bedroom Suites! Sun filled, 1/4 acre corner lot. Beautiful open floor plan featuring an oversized, eat-in kitchen open to family room with cozy fireplace. Entertaining is a joy with the kitchen & dining room both opening up to the large yard and side courtyard patio with built-in fireplace. Freshly painted throughout, newly stained kitchen cabinets and new carpet in living room, dining room, family room & staircase. Award-winning Encinitas Union & San Dieguito schools.  Resort-like community amenities at the La Costa Valley Club include: pre-school, kindergarten, playground, toddler pool, adult pool, spa, exercise facility, 2 tennis courts, walking and riding trails, social activities – all of which are included in the low HOA fee. There is also a nearby ‘tot lot’ for the little ones to play. Enjoy award-winning Encinitas Union & San Dieguito schools – El Camino Creek Elementary School, Oak Crest Middle School and La Costa Canyon High School. Located just minutes to shopping, dining and entertainment including the Forum Shops featuring the new Urban Plates, Apple Store, Jimbo’s and many more premier shops.

Offered at $975,000 | More Info

posted by Jeff DeChamplain // Leave A Comment

Market Update | To Be Or Not To Be

posted on August 17th, 2015 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends At A Glance 8.15.15Whether or not the recent leveling off in the San Diego market is a precursor to another surge or another decline. That is the question.

The median price for single-family, re-sale homes in San Diego County stayed level in July from June.

The median home price has been higher than the year before for the past thirty-eight months. It has also stayed over $500,000 for the past five months.

The high is $585,000, reached in November 2005.

Days of inventory was down to 71 in June. That is in contrast to the 154 days of inventory which is the average in the county since January 2003.

Home sales were strong last month. Year-to-date, home sales are up 3.4% over last year.

Condo sales and prices were also strong last month with prices up, year-over-year, for the thirty-eighth month in a row. Condo sales are up 13.6% year-to-date.

Read the rest of this entry »

posted by Jeff DeChamplain // Leave A Comment

Local Event | Clark Little Signing and Meet & Greet

posted on August 13th, 2015 | filed under: Uncategorized

ClarkTour2015_photo_2_730Meet award-winning surf photographer Clark Little during his Clark Little 2015 Summer Tour with Hurley. Clark’s view” is a unique and often dangerous perspective of waves from the inside out, captured in photos for all to enjoy from the safety of dry land.

Location:
Sun Diego Boardshops Carlsbad
2978 Carlsbad Blvd #120
Carlsbad, CA 92008
Phone: (442) 500-2295

posted by Jeff DeChamplain // Leave A Comment

Jeff DeChamplain