Archive for the 'Area Information' Category
3rd Quarter Statistics for San Diego Real Estate - Get the Facts
Posted by Diane White | Leave A Comment »
What happened in the San Diego housing market in the 3rd quarter? Most areas saw prices declining because the lower priced homes are the ones selling the most…which has brought down the average sales price. The fact is that most short sales and foreclosures have occurred in the lower price ranges and investors and first time home buyers are taking advantage of it,
This market may dry up sooner then we expected due to lenders being encouraged to modify their loans. Countrywide where one out of four loans were serviced, is being required to do so and they have up to 125,000 loans in California alone.
The number of home sales in San Diego County in the 3rd quarter were pretty steady. Total sales including Resale Detached and Resale Attached Homes were:
September 3,090 August 2,801 July 3,083
Here are the full reports compiled by Data Quick for San Diego County:
Popularity: 30% [?]
Related Posts: Area Information, Area Statistics, Buyers, Carlsbad, Carmel Valley, Condos & Townhomes, Del Mar, Encinitas, Escondido, Find A Home, Market Trends, Real Estate News, San Diego, San Marcos, Solana Beach
Invasion in Carmel Valley
Posted by Catherine Thoreson | Leave A Comment »
October 25th was a lovely Fall day. A perfect day for a party. All the preparations had been made. It was time. Then it happened. They came by the hundreds. They came as princesses, ninjas, pirates and witches. Neighborhood children, parents with strollers and grandpa
rents in tow. Even family pets.
It was the annual Torrey Hills Plaza Fall Festival and, once again, the agents at our Carmel Valley office of Windermere Exclusive Properties were ready for the fun-filled afternoon.
This festival has been known to draw in approximately 1200 people and since the weather that day was beautiful, we expected at least that amount.
In addition to a bouncy house, face painting and fire truck, participants were encouraged to stop by each business in the plaza for treats. Visitors to our office were greeted by Oogie Boogie, and enjoyed crafting a cute foam Halloween frame, participated in our famous coloring contest and, of course, received candy.
We also had something for the adults- bottled water and our expertise of the real estate market. Windermere has several wonderful tools for the homeowner or potential home buyer, and we always like to share what
we know.
Windermere is known for it’s company-wide community involvement, and this festival provides us another way in which we can give something back to the neighborhoods we work and serve in.
We enjoyed meeting everyone that stopped by and invite you to drop in anytime. We always have a qualified agent available to assist with your real estate needs.
After all, we are the neighborhood specialists.
To see our Top Picks of this year’s coloring contest, click here. All winners received a Free Kid’s Meal at Pick Up Stix. Call Catherine Thoreson at (858) 592-9757 for more details.
Popularity: 19% [?]
Related Posts: Activities & Events, Agent Services, Area Information, Carmel Valley, Community Service
San Diego Foreclosures Filings Down? - Get The Facts
Posted by Diane White | Leave A Comment »
According to an article posted by Inman News recently, RealtyTrac said that foreclosure filings were down 12 percent nationwide in September.
California, which accounts for nearly one-third of foreclosure activity, recently passed legislation that requires lenders to contact their borrowers 30 days before filing a notice of default. This could explain why such a dramatic 51 percent drop in notices last month.
The article further goes on to state that this may only delay the process and may not alleviate the continuing influx of foreclosures.
Read the entire article: Foreclosure filings down 12% in September
The County of San Diego Assessor/Recorder’s Office also states the decline could be due to the requirements of the new legislation.
This became effective September 6, 2008. Read their letter here:.
.
The Assessor/Recorder’s office also states that over 50 percent of the homes that are served a default notice do go back to the bank. A hefty 56.23% of the 27,990 Notices of Default filed through the month of August, or 15,740 went into foreclosure. Click the image to read the full report.
Some other interesting notes:
- Trustee’s Deeds (Foreclosures) recorded thru September were 15,740
- Total Deeds recorded were 88,437
- That means only 17.80% of home sales this year were bank owned/foreclosure sales!!
There will undoubtedly by more sales of homes that were foreclosed on, and 17.8% is a still a high number, but the facts are here in the report. This dispels the myth that over 50% of the homes sold in San Diego are foreclosures…doesn’t it?
If you would like me to research particular areas, please contact me at Diane@DianeWhiteSanDiego.com or simply leave a comment to this post.
Popularity: 42% [?]
Related Posts: Area Information, Area Statistics, Buyers, Financial news, Foreclosures, Market Trends, Real Estate News, San Diego
San Diego Homes Under $200,000? - Get the Facts
Posted by Diane White | Currently 1 Comment »
Are there really homes in San Diego for under $200,000? Yes there are…over 2,700 of them! And they are located throughout the county.
In fact there are a number of “affordable” homes that under $300,000 (5,800) and an additional 4,400 between $300,000 and $500,000. Listed below are the number of homes available (single family residences detached and attached homes only) in different price ranges as of Friday, 10/24/2008.
Below $200,000
San Diego County: 2,709 Listings
562—Metro Area
226—North County Coastal
603—North County Inland/No East
536—East County
Below $300,000 ($200,000-$299,000)
San Diego County: 3,095 Listings
625—Metro Area
322—North County Coastal
821—North County Inland/No East
453—East County
Below $400,000 ($300,000-$399,000)
480—Metro Area
326—North County Coastal
761—North County Inland/No East
490—East County
Below $500,000 ($400,000-$499,000)
298—Metro Area
229—North County Coastal
555—North County Inland/No East
201—East County
Below$600,000 ($500,000-$599,000)
San Diego County: 1,189 Listings
225—Metro Area
224—North County Coastal
402—North County Inland/No East
115—East County
It may be the perfect time to get into your first home or to buy that investment propety you have always talked about doing. Because of the foreclosures and short sales, prices are down and interest rates are very low.
Contact me for more detailed information on a particular area in San Diego County.
Popularity: 55% [?]
Related Posts: Area Information, Area Statistics, Buyers, Condos & Townhomes, Find A Home, Foreclosures, Great Real Estate Deals, Interest Rates, Investment Properties, Market Trends, Picture Perfect San Diego, San Diego, Short Sales, Windermere
