I hope that many of you were able to attend and enjoy the 14th Annual Oktoberfest and Street Fair in Encinitas. I certainly did. Take a look at the activity.
Now it is time for the Taste and Art Stroll of Del Mar 2008. This annual event takes place in the heart of Del Mar’s charming village. This year it will be taking place on Saturday, October 4 from 10AM - 5pm.
The event includes many free activities. There is a free Art Stroll where you can enjoy original works of art from over 70 artists. There is a free Kids Interactive Art Area where budding future artist can release there creativity in art stations. Also, please bring along the family pets. There will be a Pet Stroll where participating locations will have treats to offer your four legged friends.
If you would like to partake in the culinary delights of the Del Mar area, make sure that you purchase tickets for the Taste of Del Mar. Tickets are $40.00. With the purchase of a ticket, enjoy samples of a variety of creations from over 20 restaurants. Also, sip premier wines and ales from 3 select locations. This portion of the event while be from 12:00 pm – 4:00 pm. The event will sell out, so make sure that you purchase tickets as soon as possible.
To purchase tickets, get a list of participating restaurants or get directions or parking information for this event, please visit the website at www.delmarmainstreet.com
Bon Appetit Everyone!! Stay turned. I will keep blogging more upcoming and exciting events that help us enjoy the beautiful communities we live in. Cheers!
As always, my intent is to keep you informed as to what is really happening in the San Diego County housing market. First is a look at the San Diego County Home Sales Report for sales that were recorded in August 2008, published by Data Quick.
Click on the Sales San Diego County August 2008 image to view the full report
Looking at this briefly you would think the market is very gloomy indeed. However, here are some interesting notes:
- Median Sales Prices for Detached Homes were up over last month in 39% of the zip codes including Hillcrest/Mission Hills, Mission/Pacific Beach, University City, Mira Mesa, Carlsbad 2008, and Solana Beach.
- Detached Home Sales were up for the 2nd month in a row in the communities of Rancho Penasquitos, Rancho Bernardo East, Del Mar and Encinitas.
- Median Sales Prices for Attached Homes were up over last month in 33% of the zip codes including Mission/Pacific Beach, Clairemont, University City, Mira Mesa, Sorrento Valley, and Carlsbad 2009.
- Attached Home Sales were up for the 2nd month in a row in Downtown and Carlsbad 2008.
More notable is the fact that these figures reflect the homes that closed escrow in August without reflecting the actual home sales that went into escrow (Pending). See the Statistics from Sandicor, which include resale home only, below:
San Diego County Detached Statistics 9.23.08
San Diego County has 4,086 single family detached homes currently in escrow as of 9/23/2008! To put that in perspective, note that there are only 11,559 active listings…at the current activity that is 3 months inventory.
San Diego County Attached Statistics 9.23.2008
San Diego County Attached Homes has 2,307 homes in escrow. Putting that in perspective, there are 5,559 listed attached homes…again, less than 3 months inventory.
This totals to close to 6,400 homes that are currently in escrow. Wouldn’t you agree that the market has changed? Just the factor of supply and demand is enough evidence of a turnaround.
I would be glad to provide you more detailed information on areas, cities and neighborhoods for you. Just post a reply, send an email or give me a call and I’ll provide you a customized Just the Facts report.
Related Posts: Area Information, Area Statistics, Buyers, Cardiff, Carlsbad, Carmel Valley, Del Mar, Downtown, Encinitas, La Costa, Leucadia, Market Trends, Oceanside, Rancho Bernardo, Real Estate News, San Diego, San Marcos, Sellers, Solana Beach
Wow, what a dramatic change a month can make! I knew there was more activity because I am out there showing homes and have been running into multiple offer situations on a regular basis, especially for bank owned properties. But even I was surprised at the number of homes that went into pending last month. (NOTE: The following statistics are from Sandicor.com)
August 2008 San Diego County Activity
Compare August to what happened in July.
July 2008 San Diego County Activity
August 2008 North County Coastal Activity
Compare August to July’s activity.
July 2008 North County Coastal Activity
North County Coastal pending sales more than tripled!
- Metro San Diego pending sales went from: 276 to 647
- North County Inland pending activity: 134 to 316
- South Bay Area pending sales activity: 311 to 675
In checking some specific areas, the actual amount may not sound like much until you figure the percent:
- Carlsbad went from 30 to 122 – 406% increase
- Carmel Valley from 6 to 44 – 733% increase
- Encinitas from 12 to 49 – 408% increase
- UTC/Sorrento area from 13 to42 – 323% increase
- Rancho Bernard/Sabre Springs/Carmel Mtn Ranch 48 to 99 – 206% increase
Some other facts about actual closings (316) for the month of August in San Diego County:
- Average days on the market (DOM) were 76 compared to 61 DOM for the pending properties
- Sales Price to Listing Price (SP/LP) averaged 99%
It will be interesting to see what the SP/LP will be in the next couple of months since there are so many multiple offers and often there are offers over the asking price. If you would like me to research specific areas or zip codes, please let me know. You can email me at [email protected] or call me at (858)248-2144.
See what John Karevoll of DataQuick said on August 18th
It certainly looks like now is the time to buy…because at this rate, prices will be going up. As always, feel free to pass this information on.
Want the facts? I have attached the recorded homes sales in San Diego County by zip code for June and May 2008. This is for all home sales, not just the resale’s done through the MLS system facilitated by real estate agents.
Some interesting notes about home prices in San Diego:
- Single Family Detached Home Sales are up over last year in Carmel Valley, Carlsbad 92009, Del Mar, Solana Beach, University City and Rancho Santa Fe.
- Single Family Detached prices are up from May in several communities such as Encinitas, Carmel Valley, Del Mar, Carlsbad 92009, La Mesa, Rancho Penasquitos, and Rancho Bernardo 92128.
- Attached Homes have seen significant price decreases over last year, as everyone knows. However, prices have increased over last month in some areas including Carlsbad 92008, 92009, Encinitas, Penasquitos, Rancho Bernardo West, Mission Valley and Downtown.
Every home that I have shown recently that is a bank owned or a short sale has had multiple offers…most often they have some that are over the asking price. I have also noticed that investors are coming back into the market and taking advantage of the reduced prices for attached homes.
Here is a very interesting article that you may want to read from Inman News:
As always, please feel free to pass this information on and let me know if there is anything I can do.
Related Posts: Area Statistics, Buyers, Carlsbad, Carmel Valley, Del Mar, Downtown, Encinitas, Foreclosures, La Costa, Market Trends, Mortgage News, Picture Perfect San Diego, Rancho Bernardo, Rancho Santa Fe, Real Estate News, San Diego, Sellers, Short Sales
Join Keep Del Mar Clean for their 4th Annual Surf Stomp Fundraiser on Friday, September 14, 2007. This event will be held at the beautiful indoor/outdoor oceanfront Del Mar Powerhouse Community Center at from 6:00 – 10:00 p.m.
“The event has sold out for the past three years,” said Dara Chantarit, President of Keep Del Mar Clean. “It draws a great crowd; we are expecting 150 people from the mayor or Del Mar to your every day beach lovers.”
Chantarit recommends people get there on time to watch the sun set and have their fill of a delicious Polynesian dinner catered by Da’ Kitchen. The event is for adults 21 years and older only who will get to enjoy local celebrity bartenders, live music and dancing to San Diego’s own Atomic Groove, and raffle and silent auction opportunities.
“Keep Del Mar Clean is a community based non-profit 501c3 organization that organizes beach cleanups, educates and helps provide tools for keeping the beaches and parks clean,” said Chantarit. “The Surf Stomp Fundraisers of previous years helped Keep Del Mar Clean donate cigarette receptacles in conjunction with the smoking.”
Event Name: 4th Annual Keep Del Mar Clean Surf Stomp Fundraiser
Day/Date: Friday, September 14, 2007
Time: 6:00 – 10:00 p.m.
Location: The Del Mar Powerhouse Community Center, 1658 Coast Blvd, Del Mar, CA 92014
Tickets: $60.00 per person in advance, $70.00 at the door (if available)
Tickets include: A fabulous event in the beautiful indoor/outdoor oceanfront Del Mar Powerhouse Community Center. Polynesian dinner by Da’ Kitchen, beer by Karl Strauss Brewing Company, wines by Clos du Bois, live music by San Diego’s own ATOMIC GROOVE, dancing, raffle and silent auction opportunities.
Don’t wait too long as this event sells out each year!