Coming Soon! Olivenhain Estate Home

posted on April 5th, 2016 | filed under: Uncategorized

Knightsbridge Estate Home in Olivenhain

Knightsbridge Estate Home in Olivenhain

Knightsbridge Estate Home with Views from Countryside to Coast!

 The elegance begins in the grand foyer entry. Convenient bedroom with bath on 1st floor with own private entrance. Gracious master suite includes stunning dual sided bathroom, large walk-in closets & view deck. Entertainer’s kitchen has all the amenities, Viking appliances & large center island. Pool, spa & outdoor patios are all complimented by the lush landscaping. Located in gated Olivenhain community on 2 acre parcel.

All of the rooms are oversized for spacious living and entertaining. 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. The entry level includes an intimate library with fireplace, formal living and dining rooms with soaring ceilings and view windows. The formal dining room opens onto the tropical backyard patio and includes a spectacular wine closet and Butler’s Pantry as you enter into the kitchen. The kitchen opens to the generous family room with fireplace, custom ceiling and more views. The convenient and private downstairs guest room has its own entrance and bath opening to the front courtyard. An oversized laundry room is also located on the entry level and has a utility sink and extra storage. The upstairs master suite is one-of-a-kind with a dramatic indoor balcony overlooking the first floor, fireplace, large outdoor balcony with expansive views and a luxuriously appointed, two sided master bath with centerpiece dual shower, jetted soaking tub, two separate vanity areas and two large walk in closets with custom organizers. Upstairs are two more bedroom suites each with their own bath and a high tech media room with overhead projection TV and balcony. The outdoor backyard oasis has several patios, fire pit, pool and spa with a tropical waterfall. Community has miles of country trails for horseback riding, walking or biking.

Coming Soon!   |   To Be Offered at $1,995,000   |   More Info & Photos

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

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Market Update | Multiple Offer Offers

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

Trends At A Glance Mar 2015Have you ever been in a situation where your offer is competing with one or more offers? Multiple offers do crop up, especially in desirable neighborhoods, which are those defined by:

• Low-crime,
• Good schools,
• Stable, long-term residents,
• Neighborhood amenities, such as parks, libraries, tennis and/or basketball courts, and curb appeal,
• Short commute times and/or public transportation, among other things.

When deciding to buy a home in a multiple bid environment, there are some things buyers must do and some things they can do to increase the chances of winning the offer war.

First, all–cash offers are hard to beat, with no need for appraisals and the ability for the buyer to close quickly.

Yet, they can be beat. First, don’t just get a preapproval letter, get a pre-approval letter on steroids.

That kind of pre-approval letter will include some words from the lender verifying that you are a well qualified buyer. Have the mortgage broker or agent provide some financial information about you and your offer. Also, have your mortgage broker take as much of the loan through the process as possible.

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Market Update | Whither the Market?

posted on February 18th, 2016 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trenda at a glance 2.18.16After four years of rapid price appreciation, there have been whispers of a market correction, fueled by a wildly oscillating stock market and steep appreciation in the U.S. dollar, which has pretty much dried up foreign buying.

Let’s take a look at some things effecting the real estate market.

To get a grip on the local market, let’s look at some of the underlying dynamics.

First, there is a very limited supply of properties for sale. New home building has been moribund for the past eight years. Since the early part of the century, when there were over 2,000 homes being built each year, the past eight years has seen home building between 500 and 800 units a year.

Inventory of single-family homes in San Diego County has been lower than the year before for the past seventeen months. Low inventory points to a sellers’ market.

We expect, nay, hope, that the baby boomers will start cashing out and move to lower cost locales, thus freeing up inventory. But, we’re not holding our breath.

Baby boomers may start selling when they see the market start to flatten. The market will probably start flattening when mortgage rates go over 5%. We don’t see that happening this year.

Second, demand is still very strong. Pending sales, which are an indicator of future closed sales, have been higher than the year before for the past fifteen months.

Lest we slight them anymore than the mainstream media does, let’s look at the much-maligned millennials. Reports from my compatriots indicate that marriage and family are starting to become a topic. That always translates in purchasing property, thereby increasing demand.

So, the market MAY slow down a bit, but a full-blown correction? Not unless some cataclysmic event occurs, and let’s all hope that does not happen.

P.S. The antics in the stock market have prompted some people to pull their money out. Where are they putting it? Real estate.

 

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REDUCED! RENTAL | Peak Ocean Views in Carlsbad – Alta Mira

posted on January 27th, 2016 | filed under: Carlsbad, Loving the Lifestyle, Ocean View, Uncategorized

View

PET FRIENDLY END UNIT with peak ocean views & ocean breezes – just a mile to the beach. Updated kitchen with newer appliances. Includes refrigerator, washer/dryer. Attached 1 car garage with storage + 1 space. Large master with retreat & lots of closet space. New hardwood floors & carpet throughout, freshly painted, fireplace in living room, vaulted ceilings & private patio. Alta Mira amenities: pool/spa, clubhouse & lit tennis courts. Great location, close to Pacific Rim Elementary, beach, shopping, dining & I-5

Now Offered at $2,650/month. | More Info & Photos

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Market Update | The Hottest U.S. Housing Markets in December 2015

posted on January 19th, 2016 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends at a glance - Jan 2016Just as we’d expected, the residential real estate market cooled down a bit in the last month of 2015, with reduced demand and inventory in most major markets—though not as much of a slowdown as the same time last year, according to a preliminary analysis of the month’s data on realtor.com®. Jonathan Smoke, chief economist of realtor.com, and his team carried out the data analysis and identified the top 20 medium-to-large markets where homes are moving fastest and interest (based on listing views on realtor.com) is highest. At the top of the list, for the second month in a row, is San Francisco, followed by its sister Bay Area city San Jose.

“While California closed out our latest ranking still firmly in control of the hottest markets, the Midwest and Florida are both seeing substantial improvement,” said Smoke. “Pent-up demand and robust economic growth combined with limited supply will keep California tight in 2016, but more markets will challenge them as demand improves elsewhere.”

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Patagonia Cardiff | Sunday Sea Rambler Bike Rides

posted on January 8th, 2016 | filed under: Uncategorized

201506557a027105aa92Weekly Morning Rides + Coffee!

Join Patagonia Cardiff for their weekly Sea Rambler bike rides—casual 10-mile group rides through Cardiff and Encinitas that consist of paved roads and a few dirt trails.

All levels of riders are welcome. No one gets left behind! Helmets are required and those under 18 years of age will need a guardian’s signature on the bike waiver.

Weekly on Sunday’s at 9:00 AM – Patagonia, Cardiff

This event is free!

For more info call 760-634-9886

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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.

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Pending! Waterfront Twin Home in Bristol Cove

posted on December 11th, 2015 | filed under: Bristol Cove, Business Referral, Carlsbad, For Sale, Good People, Lagoon View, Loving the Lifestyle, Successful Selling, Waterfront

Just Listed! Light 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.

More Info | Offered At $750,000

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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!

 

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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)

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Jeff DeChamplain