I was amazed today when I stopped by an open house in Encinitas and saw a stream of cars parking on the side of the street to visit this 2,400 sf 1970's home with some ocean view, located a few blocks from downtown Encinitas. I can't remember when I last experienced such an active open house. While it was listed just a few days prior, there were already 3 offers submitted and by the end of this evening, I found out there were six offers! This was no bank owned or short sale listing. This is a straight equity sale, staged to show off it's best features.
I am getting ready to list my home and would have considered putting a contingent offer on this home, but there's no way to compete with non-contingent offers of which all six offers were. So, this goes to show there's a lot of buyers out there now, especially when you have a decent home in a great location. Our first task is to get our home sold so we can provide a strong offer! Hopefully, there will be something comparable!!!
Are you looking for a home this year? I would be happy to help. Just give me a call. 760-458-0797 Crista :)
Sunday, February 27, 2011
Wednesday, February 16, 2011
January 2011 Key Real Estate Market Results for North County
The January 2011 results are in for Key North County Real Estate Statistics. Looks like the Detached homes have shown the most steady median price increases over this last year, 6.19%. It also looks like North County is out-performing OUTSIDE of North County areas.
I am still looking forward to a very busy and robust 2011. This is a great time to buy a home. Prices and interest rates are still low which makes homes the most affordable since 40 years ago. Let me know if you would like specific price statistics for your ZIP code. Enjoy!
strong>HomeDex™ Key Points- January 2011 Data (compiled by Robert Brown, Ph.D., California State University, San Marcos)
1. The median price for all North County home sales – attached and detached – decreased from $380,043 in December 2010 to $360,000 in January 2011.
a. Detached homes in North County rose 1.74 percent from $438,357 in December 2010 to $446,000 in January 2011. Year-over median single-family detached homes in North San Diego County increased 6.19 percent, from $420,000 in January 2010, making 18 months of year-over increases in median price (with the exception of August 2010).
b. Attached home prices in North County declined 2.36 percent to $229,950 in January 2011 from 235,500 in December 2010, the second month of price decreases.
c. While the number of single-family detached homes sold fell significantly to 32.87 percent from December 2010 to January 2011, the number of single-family detached listings (active and contingent) increased 8.08 percent from 3,962 ending December 2010 to 4,282 ending January 2011, following four months of declines.
strong>HomeDex™ Key Points- January 2011 Data (compiled by Robert Brown, Ph.D., California State University, San Marcos)
1. The median price for all North County home sales – attached and detached – decreased from $380,043 in December 2010 to $360,000 in January 2011.
- i. Detached home prices OUTSIDE North County decreased 4.9 percent from $347,000 in December 2010 to $330,000 in January 2011. ii. The countywide median SFD price of homes sold decreased from $375,000 in December 2010 to $369,250 in January 2011, but rose 1.03 percent year-over from $365,500 in January 2010.
- i. Non-North County attached home prices decreased 10.48 percent to $188,000 in January 2011 from $210,000 in December 2010.
i. Listings were up 20.69 percent year-over from January 2011
ii. Median days-on-market for single-family detached homes in North County remained at 68 days in January 2011
Tips for Greener Driving!
Greetings! Eventually, we will all be driving hybrids to save on gas and drive greener, but in the meantime here are some things you can do to drive greener now. Check out the tips and see if they can help you drive greener. Crista :)
This Month's Tips from The REsource Newsletter, published by teh GREEN Resource Council
Drive Greener
• Shade: Park in the shade when possible, and cool down your hot car by driving with the windows down before turning on the air-conditioner. Over time these practices can result in a much smaller workload for your AC—and significant energy savings.
• Tune-ups: Change your oil, check the fluids, replace spark plugs, and perform other regular maintenance tasks to save fuel. Rotate your tires and keep them properly inflated. For every three pounds they fall below their recommended pressure your fuel economy will fall by one percent. When it’s time to replace tires consider using low-rolling-resistance (LRR) alternatives, which can boost your mpg.
• Smooth ride: Slow down. Driving 75 mph instead of 65 mph burns 10 percent more fuel. A smooth ride also helps, so use cruise control when it’s practical. Stop-and-go driving and jackrabbit acceleration really take a toll—just one second of “pedal to the metal” acceleration emits almost as much carbon monoxide as half an hour of normal driving. And when you’re not driving your car, turn it off—don’t let it idle.
Source: The Green Guide
This Month's Tips from The REsource Newsletter, published by teh GREEN Resource Council
Drive Greener
• Shade: Park in the shade when possible, and cool down your hot car by driving with the windows down before turning on the air-conditioner. Over time these practices can result in a much smaller workload for your AC—and significant energy savings.
• Tune-ups: Change your oil, check the fluids, replace spark plugs, and perform other regular maintenance tasks to save fuel. Rotate your tires and keep them properly inflated. For every three pounds they fall below their recommended pressure your fuel economy will fall by one percent. When it’s time to replace tires consider using low-rolling-resistance (LRR) alternatives, which can boost your mpg.
• Smooth ride: Slow down. Driving 75 mph instead of 65 mph burns 10 percent more fuel. A smooth ride also helps, so use cruise control when it’s practical. Stop-and-go driving and jackrabbit acceleration really take a toll—just one second of “pedal to the metal” acceleration emits almost as much carbon monoxide as half an hour of normal driving. And when you’re not driving your car, turn it off—don’t let it idle.
Source: The Green Guide
Thursday, February 10, 2011
Who do you Choose as a Buyer's Agent?
We are heading into the busiest real estate season of the year. If you are thinking of purchasing a home, who do you choose as an agent to help you? I realize there are many qualified agents out there for you to choose from. I can only offer you what I would expect, myself, if I were looking looking for an agent. I would want someone who:
- is available to me and returns my calls within a reasonable amount of time
- knows what is a good value or not
- has enough experience to have a foundation for proper buyer representation
- was on top of the listings on the market that met my criteria
- I would feel comfortable working with and spending time in a car touring homes
- would be patient with me and show me that they are looking out for my best interests, instead of just wanting to earn a commission
- could point out red flags that could affect resale value
- would be honest about any conditions of a property that needed special attention or consideration
- would advise me on a competitive offer price without feeling I over-paid for the property.
- would completely inform me of the seller's situation and any factors that may affect my offer price
- would communicate clearly the details of the contract, what I was agreeing to, and what terms were typical for the industry
- would provide reasonable solutions to any problems that arise throughout the escrow process
- would be able to negotiate and resolve any issues between the seller and me
- would advise me on what repairs or closing costs were reasonable to ask the seller to pay
- would be available after close of escrow so that I could maintain a resource for answering real estate questions
If you share my beliefs, then give me a call and let's get started! 760-458-0797 Additional facts that you need to know:
- 10 years experience
- Accredited Buyer Representative
- Master degree in Business Administration
- Computer Science undergraduate degree
- Amoung Top Producers in office
- GREEN designation
- is available to me and returns my calls within a reasonable amount of time
- knows what is a good value or not
- has enough experience to have a foundation for proper buyer representation
- was on top of the listings on the market that met my criteria
- I would feel comfortable working with and spending time in a car touring homes
- would be patient with me and show me that they are looking out for my best interests, instead of just wanting to earn a commission
- could point out red flags that could affect resale value
- would be honest about any conditions of a property that needed special attention or consideration
- would advise me on a competitive offer price without feeling I over-paid for the property.
- would completely inform me of the seller's situation and any factors that may affect my offer price
- would communicate clearly the details of the contract, what I was agreeing to, and what terms were typical for the industry
- would provide reasonable solutions to any problems that arise throughout the escrow process
- would be able to negotiate and resolve any issues between the seller and me
- would advise me on what repairs or closing costs were reasonable to ask the seller to pay
- would be available after close of escrow so that I could maintain a resource for answering real estate questions
If you share my beliefs, then give me a call and let's get started! 760-458-0797 Additional facts that you need to know:
- 10 years experience
- Accredited Buyer Representative
- Master degree in Business Administration
- Computer Science undergraduate degree
- Amoung Top Producers in office
- GREEN designation
Wednesday, February 2, 2011
Forbes outlook: SD in top 5 home markets in '11
Take a look at what some are saying about the San Diego market in 2011! This is definitey worth a read and please click through for the full stories. Maybe now is the time to act if you have been on the fense. Remember we are heading into the busiest time of the year, Spring!! Act now. Hope you enjoy. Crista :)
Forbes outlook: SD in top 5 home markets in '11
By Lily Leung
Tuesday, February 1, 2011 at 9:17 a.m.
John R. McCutchen / Union-Tribune staff
A home in Solana Beach, an area that saw an increase in median home price from 2009 to 2010, according to DataQuick Information Systems. The median price for all types of sales in that ZIP code rose from $1,106,250 to $1,175,000, or 6.2 percent, based on 22 sales in 2010. Twenty-seven homes were sold in 2009.
Read the full article: http://www.signonsandiego.com/news/2011/feb/01/forbes-san-diego-home-prices-will-rise-2011/
Which California city from Forbes' rankings will see the most price gains in '11?
San Jose 19% 40 votes
Santa Ana 4% 9 votes
San Diego 76% 161 votes
210 total votes.
Read the results: http://www.signonsandiego.com/polls/2011/feb/which-cal-city-forbes-rankings-will-see-most-pri/
Forbes rankings
Cities where home values will likely go up:
San Jose
Santa Ana
Bethesda, Md.
Pittsburgh
San Diego
San Diego ranked No. 5 out of 315 housing markets that Forbes.com says are poised for price increases in 2011 and in the coming years. (See The Best And Worst Cities For Home Values In 2011.) Read the full story: http://www.forbes.com/2011/01/21/cities-home-values-prices-real-estate-personal-finance.html
The finance publication predicts that the median home price in San Diego will rise 2 percent in the next 12 months and through the next three years, based on findings from Local Market Monitor, a research company that analyzed data from real estate markets throughout the U.S. The company also factored in the areas' unemployment and job growth rates.
(Television station NBC San Diego reported the findings on Monday.) http://www.forbes.com/2011/01/21/worst-cities-home-values-prices-personal-finance-worst_slide.html
Two other California cities - San Jose and Santa Ana - topped the list of U.S. cities where home values are likely to rise steadily over the next three years. Median home prices in both San Jose and Santa Ana are expected to rise 3 percent in the next 12 months and an average of 2 percent annually over the next three years.
While Forbes predicts California to head toward somewhat of a housing recovery, it says Florida shouldn't hold its breath. Cities in the Sunshine State dominated the list of cities in the country that are expected to fare the worst in home values: Daytona Beach, Lakeland and Orlando. (Here's Forbes slideshow of the worst cities.) http://www.forbes.com/2011/01/21/worst-cities-home-values-prices-personal-finance-worst_slide.html
Forbes quotes Ingo Winzer, president of the Local Market Monitor, as saying, "The big difference between Florida and Southern California ... is people are moving into Southern California, but they're not moving to Florida."
Forbes outlook: SD in top 5 home markets in '11
By Lily Leung
Tuesday, February 1, 2011 at 9:17 a.m.
John R. McCutchen / Union-Tribune staff
A home in Solana Beach, an area that saw an increase in median home price from 2009 to 2010, according to DataQuick Information Systems. The median price for all types of sales in that ZIP code rose from $1,106,250 to $1,175,000, or 6.2 percent, based on 22 sales in 2010. Twenty-seven homes were sold in 2009.
Read the full article: http://www.signonsandiego.com/news/2011/feb/01/forbes-san-diego-home-prices-will-rise-2011/
Which California city from Forbes' rankings will see the most price gains in '11?
San Jose 19% 40 votes
Santa Ana 4% 9 votes
San Diego 76% 161 votes
210 total votes.
Read the results: http://www.signonsandiego.com/polls/2011/feb/which-cal-city-forbes-rankings-will-see-most-pri/
Forbes rankings
Cities where home values will likely go up:
San Jose
Santa Ana
Bethesda, Md.
Pittsburgh
San Diego
San Diego ranked No. 5 out of 315 housing markets that Forbes.com says are poised for price increases in 2011 and in the coming years. (See The Best And Worst Cities For Home Values In 2011.) Read the full story: http://www.forbes.com/2011/01/21/cities-home-values-prices-real-estate-personal-finance.html
The finance publication predicts that the median home price in San Diego will rise 2 percent in the next 12 months and through the next three years, based on findings from Local Market Monitor, a research company that analyzed data from real estate markets throughout the U.S. The company also factored in the areas' unemployment and job growth rates.
(Television station NBC San Diego reported the findings on Monday.) http://www.forbes.com/2011/01/21/worst-cities-home-values-prices-personal-finance-worst_slide.html
Two other California cities - San Jose and Santa Ana - topped the list of U.S. cities where home values are likely to rise steadily over the next three years. Median home prices in both San Jose and Santa Ana are expected to rise 3 percent in the next 12 months and an average of 2 percent annually over the next three years.
While Forbes predicts California to head toward somewhat of a housing recovery, it says Florida shouldn't hold its breath. Cities in the Sunshine State dominated the list of cities in the country that are expected to fare the worst in home values: Daytona Beach, Lakeland and Orlando. (Here's Forbes slideshow of the worst cities.) http://www.forbes.com/2011/01/21/worst-cities-home-values-prices-personal-finance-worst_slide.html
Forbes quotes Ingo Winzer, president of the Local Market Monitor, as saying, "The big difference between Florida and Southern California ... is people are moving into Southern California, but they're not moving to Florida."
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