Market Update | Still a Sellers’ Market

posted on June 23rd, 2016 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends At A Glance - June 2016Still a Sellers’ Market

The median price for single-family, re-sale homes in San Diego County continued rising in May. It has been higher than the year before for the past forty-eight months in a row.

After nineteen months of double-digit gains from mid-2012 to the first quarter of 2014, the gains have “only” been by single-digits.

The rise in prices is due to strong demand and weak supply. Inventory has been lower than the year before every month since August 2014.

Although, after two years of declining home sales, they are up 0.8% year-to-date.

MAY SALES STATISTICS

SINGLE-FAMILY HOMES

Year-Over-Year

  • Median home prices increased by 6.8% year-over-year to $550,000 from $515,000.
  • The average home sales price rose by 5.1% year-over-year to $707,942 from $673,679.
  • Home sales rose by 6.1% year-over-year to 2,418 from 2,279.
  • Total inventory* fell 4.2% year-over-year to 8,839 from 9,228.
  • Sales price vs. list price ratio rose by 0.3% year-over-year to 98.4% from 98.1%.
  • The average days on market fell by 14.2% year-over-year to 36 from 42.

Month-Over-Month

  • Median home prices improved by 0.9% to $550,000 from $545,000.
  • The average home sales price rose by 1.9% to $707,942 from $695,016.
  • Home sales up by 4.9% to 2,418 from 2,306.
  • Total inventory* increased 2.3% to 8,839 from 8,640.
  • Sales price vs. list price ratio dropped by 0.0% to 98.4% from 98.4%.
  • The average days on market dropped by 2% to 36 from 37.

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Immaculate Santa Fe Hills Home

posted on June 10th, 2016 | filed under: Uncategorized

 

3_8257673_74076_EA-74076-103

Completely updated kitchen w/ Granite countertops, Travertine backsplash and custom cabinetry, walk-in pantry, under & over counter lighting. Top-of-the-line appliances. New carpet with upgraded padding in 2 bedrooms and formal area.  Inviting yard space for entertaining family & friends, new brick patio seating area with stone retaining wall, Hot Tub & Gazebo with ambient lighting and built in BBQ Island. Enjoy great schools and many nearby community amenities with NO HOA!

Offered at $589,000   |   More Info & Photos

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Market Update | Mortgage Outlook

posted on May 17th, 2016 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends at a glance - May 2016Economic Data Fosters Rate Fade

Now in the valley between the last and the next Federal Reserve meeting, financial markets must study and react to new inbound data about the economy and inflation. As such, mortgage and other interest rates will be pushed and pulled, fully dependent upon both individual items and the collective tenor of the mass.

Provided the needle doesn’t run very hot for very long (a happenstance we’ve not seen in a good long while) nor show the kind of weakness that could point to deflation or even an economic downturn, interest rates can really only run in a range, at times tending to the bottom of it, and at other times, more toward the top. Middling or mixed data will leave us, well, in the middle somewhere.

With no signal of acceleration, mortgage rates have settled back, edging closer to 2016 lows. To get them off the floor, we will need to see a sustained period of warmer data, which would in turn engender an increasing likelihood of a Fed move in June. At the moment, there’s little to support this, but there is still time before the data comes into focus.

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Patagonia Cardiff | Annual Spring Board Swap

posted on April 27th, 2016 | filed under: Uncategorized

Used Surfboards, board swapPatagonia Cardiff Board Swap: Community used surfboard event

Saturday, April 30th 8am-noon

Looking for a new-to-you used surfboard or wanting to unload some?  Both buyers and sellers are welcome at our annual spring Board Swap event.  There is no fee to participate and we take no cut.  If you are interested in selling boards at this event, give us a ring and we will get you on the registration list.  Any questions? Give us a call or shoot me an email.  Looking to buy?  This is a can’t miss event if you are in the marked for a used surfboard!

Call Roy to register (760) 634-9886.

 

posted by Jeff DeChamplain // Leave A Comment

SOLD for $1,895,000! Olivenhain Estate Home

posted on April 22nd, 2016 | filed under: Uncategorized

Knightsbridge Estate Home

Knightsbridge Estate Home with Views from Countryside to Coast!

This beautiful 4 Bedroom, 5 Bath, 5,012 Sq. ft. home is located on 2 acres in the sought after gated community of Knightsbridge Estates. The backyard oasis has a fire pit, sparkling pool and spa with a tropical waterfall, entertaining patios and lush landscaping. Fantastic floor plan with convenient bedroom and bath on 1st floor with private entrance and outdoor patio. Vastly upgraded throughout with wood & travertine floors, wrought iron staircase, crown molding, wood cased windows, coffered ceilings, stone finishes & more! The formal dining room opens onto the tropical backyard patio and includes a spectacular wine closet and Butler’s pantry. The professionally equipped kitchen features a large custom center island with 6 Burner cook top, Viking Appliances, 4 ovens, rich granite counter tops, large pantry, bright breakfast area and planning desk.  All of the rooms are oversized for spacious living and entertaining. The master suite is spectacular with fireplace, sitting area and large outdoor balcony with expansive views. Luxuriously appointed master bath with centerpiece dual shower, jetted soaking tub, two separate vanity areas and two large walk in closets with custom organizers. High tech media room with overhead projection TV and balcony. Community has miles of country trails for horseback riding, walking or biking. Top rated Encinitas schools, including Olivenhain Pioneer Elementary, Diegueno Middle School and La Costa Canyon High.

Offered at $1,995,000   |   More Info & Photos

Co-listed with Patty Keck, Sea Coast Exclusive Properties CalBRE #00849378

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Patagonia Cardiff | Pataloha Party!

posted on April 22nd, 2016 | filed under: Uncategorized

The Aloha ShirtFREE Slide show event with Gerry Lopez and Dale Hope at Patagonia Cardiff

Wednesday, April 27th

Doors at 6, slide show at 7pm

Join us as we host Dale Hope and Gerry Lopez for the release of Dale’s book The Aloha Shirt: Spirit of the Islands.  Now updated and revised, The Aloha Shirt is the most colorful and complete book on the most enduring souvenir ever invented: the Hawaiian shirt.

“When I put on my aloha shirt, not only do I feel better but I’m certain that those who notice what I’m wearing feel a little something too. Such is the power of the aloha spirit.   -From the introduction by Gerry Lopez

Doors open at 6 and the slide show will start at 7.  The slide show portion of the event will be held outside, so please dress accordingly.

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H2O Trash Patrol | Loma Alta Creek Clean Up

posted on April 20th, 2016 | filed under: Uncategorized

H20 Trash PatrolNext Cleanup: Loma Alta Creek

Saturday, April 23rd – 9:00am-12:00pm

It’s a first – At least for H2O! They have been invited by the City of Oceanside to assist in cleaning up Loma Alta Creek that runs into Buccaneer Beach. This will be a fun, new experience for everyone! Join H2O for this unique opportunity and help them make a big difference.

RSVP now to save your spot and/or your paddleboard for this new launch location.

Come on out, have a super fun day – Bring meaning to your Saturday and make a huge difference!

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H2O Trash Patrol | Earth Day Celebration

posted on April 18th, 2016 | filed under: Uncategorized

Celebrate Earth Day with Wine & Flowers!

What?! Wine and Flower Crowns AND an eco-cause! What a great way to celebrate Earth Day!!!

Enjoy live music, wine, nibbles and help a local cause while you learn how to create your very own floral masterpiece. Admission is $100 per person and proceeds will be presented to H2O Trash Patrol to help them continue their amazing efforts to preserve our ocean.

Space is limited! Reserve Your Spot: Call (760) 547-1600 or Email: info@flowersbyazalea.com

H2O Wine and Flowers

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Patagonia Cardiff | Wetsuit Sale 4/15

posted on April 14th, 2016 | filed under: Uncategorized

Wetsuit SalePatagonia Cardiff is Having Their Big Wetsuit Sale!

50% Off Select Full Suit Styles

Starts Friday, April 15th at 10am

With the introduction of the world’s first neoprene-free wetsuits coming this fall, we need to clear out some inventory.  Starting this Friday we will be selling all R1 through R4 full suits styles at 50% off retail.  Selection is limited, so we recommend you shop early for the best selection. Remember, our wetsuit sales only happen every two years, so don’t miss out!

 

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Market Update | Home Prices and Sales Up in March

posted on April 12th, 2016 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends at a glance - May 2016The median price for single-family, re-sale homes reached its highest level since last July.

After moving into sellers’ territory in March 2013, the momentum for median price has been flat since last August.

The momentum for home sales moved into sellers’ territory the first quarter of 2012. It has stayed mostly flat since.

Pending listings moved into negative territory last month for the first time since October 2014.

MARCH SALES STATISTICS

SINGLE-FAMILY HOMES

Year-Over-Year

  • Median home prices increased by 4.7% year-over-year to $530,000 from $506,178.
  • The average home sales price dropped by 0.6% year-over-year to $670,622 from $674,468.
  • Home sales rose by 3.8% year-over-year to 2,098 from 2,022.
  • Total inventory* fell 5.3% year-over-year to 8,268 from 8,729. Active listings were off 5.6%, while pending listings fell 4.9%.
  • Sales price vs. list price ratio rose by 0.2% year-over-year to 98.1% from 97.9%.
  • The average days on market fell by 14.9% year-over-year to 42 from 49.

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Jeff DeChamplain