Archive for the 'Encinitas' 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:
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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
Short Sales in San Diego County - Get the Facts
Posted by Diane White | Currently 1 Comment »
What are short sales? What is happening with the short sale market? Are they selling? Where are they? Here is the Statistics Report for the activity in the last 90 days on all homes, except for manufactured, in San Diego County. Statistics supplied courtesy of Sandicor.
San Diego County Short Sales
To summarize:
- There are currently 6,445 Active Listings. This is a little misleading because most short sales are kept in the active status, even after the seller has accepted an offer, until there is an formal acceptance by the lender(s).
- There are currently 1,778 short sales in the pending status, which means in escrow.
- There have been 4,109 that have closed escrow in the last 90 days.
What are they? Short sales are homes that are for sale and the seller’s loan(s) are more than what the property can sell for. They put it on the market in the hopes that the bank will take less than what they owe. This used to be a process that could take up to 6 months before the lender assigned a negotiator and many went into foreclosure before they ever had a chance to get it approved.
Most banks now have systems in place and as the report shows, they are closing successfully. In fact, most of the time there are multiple offers…you will note that the sales price to listing price is now 97% and average days on the market are down to 99.
Where are they? I did a search for some regions and note the following:
North County Coastal = Carmel Valley, Del Mar, Solana Beach, Encinitas, Carlsbad & Oceanside
- 738 Actives 200 Pending 186 Solds
North County Inland= Scripps Ranch, Rancho Bernardo/Penasquitos, Mira Mesa, Poway & Ramona
- 537 Actives 205 Pending 185 Solds
Metro Areas = Downtown, Hillcrest, North Park, Mission Valley, Clairemont, Tierrasanta & University City
- 1,096 Actives 329 Pending 283 Solds
South Bay = Bonita, Chula Vista & National City
- 1,727 Actives 339 Pending 159 Solds - by far the highest area
If you have stayed away from short sales, you might want to reconsider…many are selling before they become foreclosed on.
Click here to read my previous blog posts and let me know if there is something in particular you would like me to research.
Popularity: 100% [?]
Related Posts: Area Information, Area Statistics, Buyers, Cardiff, Carlsbad, Carmel Valley, Del Mar, Downtown, Encinitas, Financial news, Foreclosures, La Costa, Leucadia, Market Trends, Oceanside, Rancho Bernardo, Real Estate News, San Diego, Short Sales, Solana Beach
It’s Go Time……How To Get Money To Buy Today!
Posted by Sheri Luongo | Currently 1 Comment »
Finally, the view you’ve always dreamed of, the perfect size yard, a kitchen to die for, a block away from your 5 year olds award winning school just up the street from your best friend! You’ve waited, you’ve watched! You’ve scrimped, you’ve saved & you have sacrificed!!
You are Ready to pounce, your credit scores are over 800, boasting a savings account holding a $100,000, $500,000, $800,000 or maybe even $1,000,000 to purchase this home. Inspections done, appraisal in, down payment cashed, title perfect, movers scheduled, boxes packed, sellers moved out, kids excited & fighting over bedrooms. 
The big closing day dawns upon us. Then your Realtor calls with news commenting the bank will not give you the loan to buy the house. “WHAT ? ? “Are they kidding?” “Nope, they’re not.” Shattering your families (& Realtors) dreams of finalizing this deal. What do you do?
My main focus is keeping a happy, satisfied seller combined with an excited and pleased buyer from the beginning of the transaction to the closing. Customer service first, I do everything I can, going over & beyond to assure that my sellers & my buyers have a smooth transaction with little or no problems. The most frustrating part of my job is doing the best I can to keep everyone happy & have another partner in the transaction screw it all up! When the buyer can’t get financing, nobody’s happy!
So, how do you do it? Much like staging a home to sell, a lot of it is in the initial packaging of your loan package. You have to understand, learn & know how to sell your loan to the bank. Knowledge is Power now more than ever.
Who you (or your Realtor) knows within the banking industry could be worth it’s weight in gold today. Many real estate agents & the lenders do not understand the dynamics of these new financing guidelines. Get used to it it is unlikely to go away anytime soon. The way you put your loan package together before it is submitted to the bank for approval is key these days. Before you find that home or before you accept the buyers offer, get the facts and the education you need to make sure the loan applied for will still be available when you are scheduled to move, close & will fund.
Before you put your home up for sale, accept that buyers offer & take your home off the market OR prior to submitting your loan to a bank feel free to call us & we will show you how to do it right in the new 2008!
Popularity: 56% [?]
Related Posts: Buyers, Carlsbad, Carmel Valley, Coastal Living, Del Mar, Encinitas, Find A Home, Home Loans, Interest Rates, La Jolla, Leucadia, Mortgage News, Sellers, Solana Beach
Encinitas Fire Safety Expo October 4th
Posted by Kevin Kueneke | Leave A Comment »
According to the National Fire Protection Association, the majority of home fires (40%) start in the kitchen. Of these fires, one-third are the result of unattended cooking. 
Extension cord fires outnumbered fires beginning with attached or unattached power cords by more than two to one.
And, in one out of every five homes equipped with at least one smoke alarm installed, not a single one was working.
Fortunately for us, the Encinitas Fire Department is holding a Fire Safety Expo on Saturday, October 4, from 10am to 2pm. The event will be held at the Moonlight Beach parking lot and is part of National Fire Prevention Week.
Activities include an interactive safety demonstration in a Fire Safety House, Jaws of Life demonstration, a helicopter display, fire extinguisher demonstrations, and a “Little Fire Truck” for children.
Kerri Berberet with the City of Encinitas verified that the helicopter, which might be one of the very large firefighting ones, is scheduled to land at 10am. The Jaws of Life are actually going to cut a car in half at 1pm.
I spoke with fireman Tyson Gargas and paramedic Nick Conniry of Encinitas Fire Station #1, and they agreed that this will be a great opportunity for area residents to learn more about fire prevention. See you there!
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Related Posts: Activities & Events, Area Information, Encinitas, Homeowners
