Just Listed – Santee Single Family Home

Completely remodeled home with new kitchen, SS Frigidaire Gallery appliances including refrigerator, granite and a large island. Spacious great room has refaced fireplace and beautiful wood ceiling. Newer dual paned windows and new sewer line and plumbing.Nicely done furnished (un-permitted) 18×17 studio offers bedroom and full bath with spa tub, private yard w/separate entrance. Could become a master suite! Large yard with street access. Major shopping within 1 mile. Rare find and a great opportunity!!! Offered for $449,000 – $469,000.

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Just Listed – Smoketree Bonita Condo

One story, easy access no stairs. Lovely, updated unit. Open floor plan with cathedral ceiling and gas/wood burning fireplace in living room. Granite countertops and maple cabinets in
kitchen. Double pane windows. Great location in complex, corner unit with only one common wall that has been extra insulated. Close to shopping, freeways and golf clubs. All appliances are newer and convey. Large two car garage with opener; additional parking for one car with permit.

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Pete Saxon Real Estate Newsletter December 2015

November 30, 2015

U.S. pending home sales up

“The number of existing homes that went under contract in the U.S. inched up in October, a sign the housing market remains stable heading into the final months of the year,” reports The Wall Street Journal.  Sales rose 0.2% while economists were predicting a 1.5% increase.

November 25, 2015

Closed Sale – Solana Beach

Two bedroom, two and a half bath Solana Beach in oceanfront condo project. Sold for $860,000.00.

Solana Beach Condo
Solana Beach Condo

 

Buyers purchasing larger homes

Home buyers are moving up to larger homes across the U.S. according to the National Association of REALTORS. “One reason for this shift in purchasing power is that people finally have more equity from selling their previous homes in order to buy a bigger one.”

San Diego home prices up 6.6%

“San Diego County home prices rose 6.6 percent in the year ended in September, said the S&P/Case-Shiller Home Price Index,” reports the San Diego Union-Tribune. Nationally, the year over year average was 4.9%.

November 24, 2015

U.S. prices up most for the year

ABCNews reports that, “The Standard & Poor’s/Case-Shiller 20-city home price index, released Tuesday, increased 5.5 percent in September compared with a year ago, the largest annual gain since August 2014.”

November 23, 2015

Sales slower, prices up across U.S.

Home purchases fell 3.4% in the U.S. in October according to National Association of REALTORS statistics published in USAToday. Home prices were up 5.8% with a median home sales price of $219,600.

November 20, 2015

Closed Sale – Escondido

Nice three bedroom, two bath family home with an easy walk to the elementary school. Sold for $425,000.00.

Home For Sale - Escondido
Home For Sale – Escondido

November 19, 2015

Local home prices up 4%

San Diego Union-Tribune article discusses CoreLogic’s monthly report showing San Diego County resale home prices up 4% year over year. The story went on to analyze how prices changed up in the eastern and southern areas of the county due to affordability.

Home loan rates drop to 3.97%

Associated Press story about mortgage rates dropping slightly to 3.97% in the previous week. I remember when mortgage interest rates would stay stable for weeks and even months at a time. Now, rates literally change daily.

November 17, 2015

Slow housing growth in 2016 predicted

Lawrence Yun, the chief economist for the National Association of REALTORS (NAR), predicts a slight increase in home sales in 2016 as reported in the San Diego Union-Tribune. Yun was speaking at the annual NAR Convention held this year in San Diego.

November 16, 2015

Most expensive zip codes in U.S.

Forbes Magazine published its list of the most expensive zip codes across the country in 2015.  California, New York and Colorado dominate the list.

November 5, 2015

First time buyers at three decade low

The Wall Street Journal article states, “First-time buyers fell to 32% of all purchasers in 2015 from 33% last year, the third straight annual decline and the lowest percentage since 1987, according to a report released Thursday by the National Association of Realtors, a trade group.”

Anticipated rate hike sends mortgage rates higher

Washington Post article discusses how potential Federal Reserve rate hike in December has caused mortgage rates to move up.