Reduced – Escondido

Aurora Hills four bedroom, four and one-half bath executive home with 4,038 sq.ft. on over one-half acre corner lot. Now offered for $799,900 by Pete Saxon Realty

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Closed Sale – Bonita

Smoketree Bonita Condo - Sold
Smoketree Bonita Condo – Sold

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. Sold for $300,000.00 by Pete Saxon Realty.

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Closed Sale – Santee

Pending Sale
Pending Sale

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!!! Sold for $440,000 by Pete Saxon Realty.

Pete Saxon Realty Newsletter February 2016

January 28, 2016

Pending home sales flat across U.S.

“Contracts to buy previously owned U.S. homes barely rose in December, an indication that the housing market remains mixed going into the first quarter of 2016,” reports a story in REUTERS.  Pending home sales are contracts to purchase that become closed sales in 30 to 60 days.

January 27, 2016

San Diego County home prices up 6%

San Diego County home prices rose 6% in the last twelve months according to the S&P/Case-Shiller Home Price Index and reported in the San Diego Union-Tribune. “David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said national rises suggested a healthy seller’s market.”

January 26, 2016

Home Prices up 5.8%

REUTERS reports, “The S&P/Case-Shiller composite index of 20 metropolitan areas rose 5.8 percent in the year to November, adding to a 5.5 percent increase in October.” Home prices have climbed 29.2% since the bottom in January 2012.

Owning near Trader Joe’s adds value

According to a story in ConsumerAffairs a study by Zillow indicates that, “homes increase in value faster if they are close to a Trader Joe’s or Whole Foods. These are stores favored by Millennials and higher-income consumers.”

January 22, 2016

Existing home sales up 14.7%

The Wall Street Journal reports that National Association of REALTORS statistics show a rebound in resale home sales from November to December 2015. “Inventory of existing homes for sale fell 12% to 1.79 million. At 3.9 months’ worth of supply, inventories are at the lowest level in nearly a decade.”

January 21, 2016

VA loans up 19% in 2015

realtor.com reports, “A good year for the industry was a great one for military buyers: VA purchase loans surged 19% year over year, according to recently released figures,” states the article. The maximum loan limit in San Diego County for a VA loan in 2016 $580,750.00 and that’s with a zero down payment.

January 20, 2015

County median price $475,00.00

CoreLogic data reported by the San Diego-Union Tribune indicate that San Diego County median home prices were up 8% in the last twelve months and up 1.5% month to month.

January 15, 2016

Pending Sale – 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.

Pending Sale – 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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Leased – Carlsbad

Carlsbad Home For Sale
Carlsbad Home For Sale

January 14, 2016

U.S. foreclosures at 9 year low

RealtyTrac a leading source for national housing data released its Year-End 2015 Foreclosure Market Report that showed, “Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 1,083,572 U.S. properties in 2015, down 3 percent from 2014 and down 62 percent from the peak of 2,871,891 properties with foreclosure filings in 2010.”

Digital brochure replaces brochure boxes

Digital listing brochure
Digital listing brochure

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.