Archive for the 'Find A Home' Category
According to the DataQuick report for home sales in San Diego County, the downward trend is continuing. Some areas, however, are showing some stability. Several communities in North County Coastal and Central San Diego had increased average sales prices over September.
What is interesting is that most of these increases are attached homes, in the areas of:
• Carlsbad N • Carlsbad SW • Carmel Valley • Solana Beach • Clairemont • Hillcrest • La Jolla
• Mission Valley • North Park • Pt. Loma • Sorrento Valley • Tierrasanta • UTC
November sales per Sandicor which include listings in the MLS only and include just Detached and Attached Resale homes show that 2,389 went into Pending/Escrow with a slightly higher average listing price of $367,107.
Current statistics as of December 9th show (again resale detached/attached homes):
- 15,525 Active Listings with an average Listing Price of $729,868
- 5,664 are in Pending/Escrow with an average Listing Price of $370,591
What areas have the most activity? Following is the breakdown:
North County Central/Inland
- 4,230 Lisitngs with Average L/P $568,103 – 1,503 in Pending with Average L/P $362,975
- 3,832 Listing with Average L/P $809,209 – 1,529 in Pending with Average L/P $383,310
- 2,870 Listings with Average L/P $451,583 – 1,056 in Pending with Average L/P $300,349
North County Coastal
- 2,677 Listings with Average L/P @ $1,413,000 – 685 in Pending with Average L/P $590,176
- 2,095 Listings with Average L/P @ $338,600 – 903 in Pending with Average L/P $274,569
It is very clear that the lower priced homes are selling the most. I can verify that since I wrote 2 offers yesterday in the $300,000 range but before I could present them they had already accepted other offers. I’m hearing that from everywhere…the buyer’s are out there and they are buying! Let me know what areas I can check for you.
Related Posts: Area Information, Area Statistics, Buyers, Carlsbad, Carmel Valley, Condos & Townhomes, Downtown, Encinitas, Find A Home, Great Real Estate Deals, La Costa, La Jolla, Market Trends, Picture Perfect San Diego, San Diego, Solana Beach
“With only four condominium projects under construction and sales picking up, the bottom may be history,” said Nevin.
He goes on to say that the increase of resale activity means three things.
“(1) buyers are tired of waiting; (2) prices have declined sufficiently to be enticing; and (3) buyers know they can get financing with low down payments and that interest rates are falling.” (Nevin, “Downtown Derby”)
At Solara Lofts, a spacious loft living community in downtown San Diego, we could not agree with Mr. Nevin more! Buyers are tired of waiting and now that they can get the financing they need, they are taking advantage of the dramatic price reductions in real estate.
Downtown condos are priced to sell, and home buyers are realizing that their purchasing power is strong.
“Don’t look for prices to accelerate in the next year. But don’t look for them to decline any further,” said Nevin. “It is a marvelous time to buy if you are a real live owner occupant and intend to live in a Downtown condominium for several years.”
In addition to making a solid investment, buyers at Solara Lofts are privy to Urban Living at its finest. Even 1 bedroom condos get 2 gated underground parking spaces; they have access to Club Solara’s gym, spa and racquetball court; and they can design their own floorplan and fill it with the latest appliances and finest upgrades.
If you have ever considered purchasing in a home in downtown, give me a call at (858) 205-8200. I’d be happy to answer your questions or arrange for you to tour San Diego’s premier downtown loft condos.
Here’s a Printer-friendly version of “Downtown Derby”, by Alan N. Nevin
Pacific Beach Sands is your opportunity to own a well-appointed condominium home in the heart of Pacific Beach, one of San Diego’s most active and vibrant communities.
This three story condominium home complex, located just two block from the beach, has units available from the $400,000 – $620,000 range. Check out the different floor plans here.
Enjoy a full and active lifestyle the moment you leave your doorstep—swimming, surfing, beach walking, sailing, jogging, bicycling, and all the many pleasures of coastal living. Known for its eclectic shops and boutiques, the Pacific Beach community offers a multitude of restaurants and night life and only minutes to the north is world-renowned La Jolla with its exclusive shopping and dining venues
Rancho Santa Fe is one of the desired places to live in San Diego. Here’s one of nicest homes on the market today:
Beautiful estate with panoramic mountain and golf course views. Elegant curved staircase, architectural mastery, gourmet kitchen with granite counter tops, stainless appliances, subzero refrigerator, family room adjacent to breakfast nook with dramatic views, hardwood floors and office. Lushly landscaped situated on 2 acres in the beautiful hillside private community of Cielo.
Gated community with 24 hour guard and patrol, enjoy 2 tennis courts, basketball, fitness center, public pavilion located on 1.5 acres. The Cielo park also offers pool, spa, play area and more.
Want more information on this property?
- View our TV commercial at http://www.therealestatehomeshow.com/ns_viewListingDetails.asp?listID=19002
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:
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