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 by Pete Saxon Realty.
Digital brochure replaces brochure boxes
There are a lot of gimmicks agents use to try to attract buyers to their listings but I think this is a good one. Buyers driving by a listing can now send a text message and receive a link to information about a specific listing on their phone. No more having to get out of the car to fetch a brochure only to find the brochure box empty.
January 1, 2016
Happy New Year!
December 30, 2015
Local home prices outpace U.S.
Over the last year San Diego County home prices have appreciated 6.2% while the national average was 5.2% according to the S&P/Case-Shiller Home Price Index reported in the San Diego Union-Tribune.
U.S pending homes sales decline
BloombergBusiness reports on National Association of REALTORS statistics showing a decline in their index of pending home sales of 0.9% across the country. “The pullback underscores concern raised by the slump in sales of existing homes last month, which the real-estate agents’ group argued was primarily caused by new mortgage-lending rules that delayed closings. Rising prices and a limited supply of properties on the market are also playing a role in holding back buyers, making for a slow recovery in housing. ”
December 29, 2015
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.
U.S. home prices up 5.5% in October
“The S&P/Case Shiller composite index of 20 metropolitan areas gained 5.5 percent in October on a year-over-year basis compared with 5.4 percent in the year to September,” as reported in REUTERS.
December 26, 2015
Rates drop despite Fed hike
Chicago Tribune article provides a good explanation of why home loan rates don’t necessarily go up when the Federal Reserve raises their short term interest rate.
San Diego home values up 5.6%
According to a report by the state Board of Equalization San Diego home values rose by $23 million according to an article in the San Diego-Union Tribune. “For five consecutive years, the assessed value of all California property — including non-housing property — has increased, which the board attributed to an improved real estate market.”
December 22, 2015
U.S. pending sales slow in November
USAToday article National Association of REALTORS statistics showing, “The rate of existing-home sales fell to its lowest pace in 19 months, according to the National Association of Realtors. Sales fell 10.5% on a seasonally adjusted basis to an annualized rate of 4.76 million, compared to 5.32 million in October.” Median sales prices were up 6.3%.
Just Listed – Bonita Smoketree 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.
December 17, 2015
Home prices up 8.9%
“The median home price in the county rose 8.9 percent in the last 12 months to $468,100, CoreLogic’s November data shows. The month-to-month increase was 2.5 percent,” reports the San Diego Union-Tribune.
December 11, 2015
Holiday season home buying
The holiday season can be a good time to buy or sell real estate despite the general public perception that it’s not. Phillip Molnar of the San Diego Union-Tribune writes about it.
December 10, 2015
Housing bubble in San Diego?
San Diego Union-Tribune story reporting on a Zillow study indicating that the San Diego region is not experiencing a housing valuation bubble. “In the Zillow study, 13 out of 35 analysts said there was no significant risk of a San Diego bubble in the next five years.”
December 7, 2015
Website attracts Chinese buyers
San Diego Union-Tribune article about a website targeting wealthy Chinese buyers for higher priced properties.
December 5, 2015
San Diego next Silicon Valley?
Roger Showley’ article in the San Diego Union-Tribune talks about San Diego’s growing presence in the world of high technology. FitBit is moving to Rancho Bernardo, GoPro is in Carlsbad and Google has purchased Lumedyne Technologies.