Archive for June, 2016

Growing Housing Inventory Will Affect Buyers and Sellers

Tuesday, June 28th, 2016

Attention home buyers and sellers: home inventory is growing. Over the last few years we have seen decreased inventory in many areas, including here in San Diego County. This has made it tricky for many buyers as supply has not met demand, but has been positive for sellers as the seller market picked up speed. But inventory appears to be growing and there are many extenuating circumstances that make now a good time to sell or buy real estate. 0

Home ownership holding period – Over time most homeowners have tended to occupy their homes on the average for about 6-7 years before selling. But over the last few years this number increased and many sellers were staying in their homes 9-10 years due to economic factors. However, there  has been a trend downward lately due to equity increases and market conditions.

Equity – The last few years have brought equity gains to many homeowners, and low interest rates make it a great time to buy – this combination is positive news for housing. But like any market there will be a correction in time, where equity stops rising as quickly. Here in San Diego County we are starting to see slight slow downs with sales – sales prices are dropping slightly and many homes are sitting on the market longer.

Seller Market – It has been a seller’s market for some time now, due to lack of inventory in many housing markets, combined with a healthy  demand. but with external changes on the rise more sellers will likely consider selling due to strong market conditions and other economic factors that may make them question how long the equity rise will continue. As inventory increases it may turn into a buyer market so long as demand is still prevalent and supply increases.

Economy –  There are several economic factors that may influence a seller or buyer, and moving forward these will likely play a role in decisions to buy or sell. For buyers, low interest rates and international economic conditions that affect our US economy could play into the decision- making process. As markets are cyclical most buyers and sellers know that low rates will not last forever. The looming Presidential election could also factor into housing, as well as international situations like Brexit and terrorism.

The bottom line is that no one has a crystal ball. Many predictions abound and feeding into them can make a buyer or seller crazy. Each individual has to consider their own factors – equity, supply, prices, external and personal economic factors. Talk to your accountant and an experienced real estate professional – but don’t wait too long because the market will change at some point.

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Home Sellers, List Agents Beware: Lockbox and Home Break-ins on Rise

Friday, June 17th, 2016

There seem to be a a slurry of lockbox break-ins and subsequent home break-ins or attempts lately in the San Diego County area, so if you have a home for sale or are a listing agent, please read on so you can be informed and safe. th

Several agents – including myself – have reported lockbox break-ins or attempted break-ins within the last few months. One agent group to which I belong had multiple agents telling stories of lockbox thefts, with subsequent break-ins or attempts. It seems there is a pattern: the thieves come in the middle of the night and use power tools to break the lockbox off doors or pipes. They then take it and return with the key the following day to attempt home robbery.

One agent reported that her seller noticed in the morning as he was leaving for work that that lockbox had been cut. He stayed home and had a locksmith come immediately to change the locks – the thief/thieves returned later that day and attempted to access the home, but luckily were unable to do so – they decided not to use another lockbox.

Another agent said her lockbox had been cut and the thieves returned and stole an oven from the home.

Last month my sellers heard someone tampering with their lockbox between 2-3 AM (Mrs. Seller happened to be up nursing the baby); when Mr. Seller ran to the door and opened it the thief jumped in his waiting car and sped away. We removed the lockbox.

I spoke with the Carlsbad Police Department and they have not had any reports of this from agents or homeowners. I encouraged my clients to report their incident when it happened, but they did not get a description of the man, nor could they tell the make or model of the vehicle or license plate number – it all happened so fast – so they did not report it. The police department recommended not using lockboxes.

After reading the other agent stories a few days ago I removed a lockbox from a listing of mine and made showings by appointment only. Obviously this is an inconvenience for buyer agents, because they and I have to find mutually available times to meet, but it is better that my sellers are protected.

Keep in mind that real estate lockboxes are very well-made and are supposed to be break-in proof, according to the local Realtor association, but with battery operated power tools it is obvious that this is not the case. Never use contractor lockboxes, as these are much more flimsy and easier to break open. Either way, if you are a listing agent or seller you may want to consider this information and decide how to proceed.

If you are an agent please let me know if you have a similar story to share – and please report it to your local police department. This effects our business and our clients…hopefully there will be a way to stop it from happening that will not inconvenience home sellers and agents.

 

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New Exquisite Luxury View Listing in Carlsbad

Thursday, June 9th, 2016

Welcome to 1628 New Crest Court in Carlsbad, Offered at $1,479,000. 6_8268498_74484_EA-74484-104

Pure luxury abounds in this exquisite new construction Carlsbad home, situated on the end of a cul de sac with gorgeous easterly sunrise, canyon and mountain views, and only minutes to the beach. This stunning home has it all, with impeccable attention to detail – hardwood flooring, plantation shutters, stainless top of the line appliances, silk granite and quartz counters, French doors, complete landscaping, and much more, on an 8800+ square foot view lot that is adjacent to open space.

7_8268495_74484_EA-74484-105Features include:

– 5 Bedrooms (one downstairs), 4.5 baths, 4234 square feet

– 8816 square foot private lot

– End of cul-de-sac view lot – canyon and mountain easterly views

– Open floorplan with 9-10 foot high ceilings throughout

– Hardwood flooring downstairs and designer carpeting upstairs

– Enormous kitchen with oversized satin finished granite island

– Quartz kitchen counters and custom full-height tiled backsplash

– Satin white cabinetry with soft close in kitchen

– Stainless Dacor (Bosch-quality) appliances, including 3 ovens and 6-burner stove

– Butler pantry, large walk-in storage pantry and breakfast nook 30_8269020_744841_EA-74484-120

– Spacious family room with fireplace and folding doors to bring the outdoors inside

– Master & powder bath Marble countertops with tile and wood floors

– Cultured marble and tile backsplash in laundry room, and all other baths

– Outdoor covered loggia

– Upgraded fixtures and lighting

– Downstairs bedroom and bathroom with French doors

– Recessed lighting in all rooms

– Instant water heating in Kitchen and Master bathroom

– Rannai tankless water heaters

34_8269022_744841_EA-74484-122– Plantation shutters and vertical blinds

– Heat & Glo Fireplace

– Goodman A/C

– Lift master garage door openers

– Rainbird sprinkler system with auto humidity control

– Master bedroom balcony and Juliet balcony in front

– Mission Drywall Texture

– Front courtyard

– Fully landscaped and hardscaped

– Carlsbad Unified School District

– Close to shopping, dining, parks, beaches and highways

For more information and photos please click here. Or call agent Rachel LaMar for a private showing at 760-310-9466.

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Stunning Carlsbad Cul-de-Sac Home For Sale

Friday, June 3rd, 2016

Welcome to 1734 Cereus Court in Carlsbad! Offered at $889,000, this gorgeous 1869 square foot, 4 bedroom, 3 bath home sits on an almost 9000 square foot lot adjacent to the Batiquitos Lagoon. 3_8260614_74505_EA-74505-103

Upgraded and TURN-KEY and located in the coveted Seaport neighborhood of South Carlsbad, this home is the epitome of the Carlsbad lifestyle. Remodeled throughout with custom cabinetry, granite counters, stainless appliances, double oven, large kitchen island, hardwood flooring, custom paint, new windows and doors throughout, Plantation shutters. Single story living plus large loft and master suite upstairs. Spacious, private backyard with built-in kitchen and huge seating counter, hot tub and lovely garden, and much more!

12_8260621_74505_EA-74505-112• Upgraded kitchen with granite counters, custom fixtures, large island and skylight

• Top of the line stainless appliances including large refrigerator and double oven

• Hardwood flooring and custom tile

• Newer doors and windows throughout, including French doors

• Stunning travertine tile bathrooms

• Venetian plaster walls

• Custom paint throughout 9_8260622_74505_EA-74505-109

• Plantation shutters

• Large yard with built-in BBQ and seating area, hot tub, garden

• Gated front courtyard with fountain

• Enormous upstairs loft and second master suite addition

• Reverse osmosis system

• Downstairs master converted to granny flat with bath, kitchenette (easy to convert to interior bedroom)

33_8260632_74505_EA-74505-133• RV parking

• Carlsbad School District

• Close to shopping, dining, movies, post office, schools, parks, resorts, beaches

• No HOAs or mello roos!

For more information please click here. To schedule a showing please contact broker Rachel LaMar at 760-310-9466. CA BRE Lic # 01399682

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