Archive for the 'San Diego homes for sale' Category
San Diego housing market heating up
February 18th, 2010 Categories: Real Estate News, San Diego County Community News, San Diego county Real Estate News, San Diego homes for sale
SAN DIEGO- I spent some time with clients from TCSD in the Carlsbad area looking at detached
homes in the high 400’s to mid 500 range. There were two homes out of the seven that stood out from the others.
One, on Vancouver Street, was a single story with a three car garage located on hilltop cul de sac location in a great established community. The other, on Valley Place near the high school, was the classic 1960-70’s beach cottage with the awesome knotty pine tongue and groove ceiling that too was located on a large pie shaped lot on a cul de sac also.
There was some interest in these homes and in follow up with the other agent, I learned that they were both going in to escrow within 5 days of being listed and these were not homes being sold under market value.
I saw this as a great sign since both of these homes were listed in the mid 500K range. Taking it one step further, I was curious to see how the San Diego market faired over the weekend.
Looking at all homes listed between 2/11 to 2/16, 805 total, almost 10% were in escrow or contingent status for short sales!! 78 listings went off the market within the first week. Now looking back to the same period in 2009 the rate was approximately 7.5% with 68 out of 892 homes going off market in the first week.
I would suggest if you see a home of interest you may want to do your “research” sooner than later. The good ones go quick!!
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California to add $10,000 to first time buyer’s tax credit?
January 7th, 2010 Categories: Real Estate News, San Diego County Community News, San Diego county Real Estate News, San Diego homes for sale
SAN DIEGO- It’s like deja vu all over again.Today Governor Arnold Schwarze
negger proposed and has sent to the state legislature a new round of state first time buyer tax credit. The tax credit as proposed would be for new or existing construction and would be paid out as a $3333.00 tax credit over a three year period. The state tax credit could be combined with the federal tax credit, but would be limited to 20,000 qualified purchase as it will be only funded with $200,000,000.
Schwarzenegger administration officials said conditions of their proposal would be similar to last year’s credit. That had no income limits, made all buyers eligible and required that buyers live in their homes. No dates have been set yet for eligibility. Buyers qualified last year by closing escrow after the credits became available on March 1.- www.sacbee.com/business
We’re still broke and as much as I wish this would be a good thing, it is just plain dumb.
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Will January deliver YOUR new home?
January 3rd, 2010 Categories: Client Testimonials, Real Estate News, San Diego County Community News, San Diego county Real Estate News, San Diego homes for sale
SAN DIEGO- Well another year is behind us and hopefully we continue to move closer to our economic recovery. While there is much to write about over the past couple years, I continue to look forward and concern myself with the present and presently, inventory is getting low in affordable/ median housing.
As the tax credits associated with economic stimulus package approach their end date, I doubt there will be a second extension, I have quite a few buyers that are trying hard to get into their new homes. Unfortunately, there has been a sense that not too many new listings coming on the market and the data supports that intuition.
Now this could be construed as a positive sign that the number of homes or homeowners in “distress” is slowing down or it could just be the banks just are not foreclosing on distressed properties. Some believe the banks are hoarding homes they have already foreclosed on anticipating listing them at some future date when the market is more favorable.Whatever the case the net effect is the reduction in new listings.
When looking at the past two years of the areas I primarily work in, the steady decline is quite evident with the exception of the “central” area consisting of University City, Clairemont, Linda Vista, etc, which has held up pretty well. North County coastal, essentially Oceanside to Carmel Valley, has really experienced a great impact on new listings. In 2008, with the exception of February because of the shorten month, January through July saw a least 1050 new listings a month. In 2009, the highest month was January with 949 new listings, which represents about a 20% reduction when compared to 2008. The lowest month was December with only 517 new listings.
If you are considering taking advantage of the tax credits being offered you have a little less than 4 months. With the clock running out, I strongly urge you to stay away from short sales, UNLESS they already have bank approval. If you do want to write an offer on a short sale you need to make certain you have the right to cancel that offer at any time in order to maintain your ability to write an offer should a better opportunity present itself.
In 2009 I closed numerous homes with first time buyers and would appreciate the opportunity to help you with your first home purchase!!
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Aviara detached loft home for sale @ $475,000
November 5th, 2009 Categories: Real Estate News, San Diego county Real Estate News, San Diego homes for sale
CARLSBAD- Here’s your chance to own a wonderful single level loft home in the Aviara community of Carlsbad listed by Windemere Properties. This home, located at 1790 Blackbird in the Avocet is
definitely worth a look.
At approximately 2244 square feet, this 3 bedroom 3 bath home is approximately boasts an outstanding location for all, but especially for the family. The location in across from Aviara Oaks elementary and middle school and is just around the corner from shopping, restaurants, the movie theatre and the new Carlsbad Dove library.
The home itself features many desirable features such as cathedral style ceilings, crown molding, french doors leading to the LARGE back yard, a huge loft area that could accommodate both an office and game/recreation area while the master is spacious and private with a walk in closet complete with a organizer system. Again this home is a single level.
Check out more about the home below and if you would like to schedule a showing I can be reached at 760.415.3329.
Square footage estimate taken from the SANDICOR MLS. Brian Long’s DRE license number is 01368841
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