Posts Tagged ‘San Diego’

North San Diego Coastal Real Estate Sales: 10/16-10/17

Thursday, November 30th, 2017

Sales in North San Diego have jumped considerably between October 2016 and October 2017. The chief economist for the California Association of Realtors predicts that sales will be up 8% for the year. For 2018 the prediction is a 4.2% in appreciation and a slight increase in sales volume.

Here are the statistics for North County coastal zip codes from October 2016 to October 2017, for both single family homes (SFR) and condos:

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Trending San Diego Real Estate News

Monday, January 2nd, 2017

San Diego is definitely a desirable place to live, and as one of the most visited places in the United States it’s no wonder why – we have the best weather, beautiful  beaches, great food and nightlife, culture, incredible places to walk and hike, and so much more. There is nowhere else I’d rather live! sandiego

As we head into the new year here are some of the happening stories highlighting San Diego and the local real estate market.

San Diego Ranked 5th “Hottest” Real Estate Market in U.S. – Realtor.com ranked San Diego as the 5th “hottest” real estate market in the country. This is great news for the local market. The story pointed out that demand has especially grown since the election, likely due to increasing mortgage interest rates, and that the low supply levels heading into the new year will keep prices high – great news for sellers. Median sales time is 53 days in San Diego county, compared to 88 days nationwide.

San Diego Remains Top Destination for Foreign Buyers – We still rank as one of the top places for foreign buyers, especially those from China and Canada. San Diego is up there with Los Angeles, Orange County and San Francisco as the top places to purchase property in California. Speculation that this trend will continue in 2017 as many feel the US economy and the dollar will strengthen.

San Diego Home Sales Could be Protected by State Supreme Court Ruling – I have blogged about “dual agency” many times, and my position has always been that real estate agents should not be able to represent both the buyer and seller in a real estate transaction. The reason for this is that I feel it is virtually impossible to exercise a fiduciary duty to both parties – it can create too many conflicts of interest. The California Supreme Court seems to be coming closer to agreeing with this sentiment.

In November the court ruled that “a listing broker has a fiduciary responsibility to the buyer and the seller when his brokerage firm is representing both, setting a significant precedent for obtaining and sharing information in residential and commercial transactions.” While there are currently disclosures required which allow such situations, this ruling could be paving the way to no longer discontinuing them in the future…stay tuned for more.

If you need any information about property in the San Diego county area please feel free to contact me. Happy New Year!

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2017 San Diego Real Estate Market Predictions

Wednesday, December 21st, 2016

If you are like me you are surprised we are at the end of the year already, but the good news is that the real estate market fared well this year, and will likely continue to do so in 2017. Here are my annual predictions for the market, at least here in San Diego County: index

1.  Home inventory will remain low. Due to a combination of factors – rising interest rates, expenses of moving up and difficulty of finding replacement housing, many potential home sellers will likely choose to remain where they are and not sell. This trend defined the market in 2016 and I believe it will continue. Until Americans see how the new President will affect the market I am betting on this.

2.  Prices will stabilize for the most part. 2016 saw prices still rising slightly in some areas, and higher in others (especially in summer months), but for the most part things seem to be leveling off. I think we will return to “normal” annual price appreciations of 5-7%. Of course this is always area-dependent so check with your local realtor for market statistics and area comparables.

3.  Market times will decrease or remain low for desirable homes. Due to the continuation of lower inventory levels I believe we will see desirable homes sell quickly. But I also think that buyers are very savvy and will not pay crazy high prices either – although in a multiple offer situation you never know.

4.  First time buyers could have a difficult time with competition. As interest rates rise, inventory levels decrease (or remain low) and prices remain high, many first time home buyers may find themselves in challenging situations when looking for homes to purchase. Competition will also factor in, especially in areas where there is an influx of repeat homebuyers who are moving up and are well qualified (with large downpayments). My advice is for those first time buyers to get preapproved and start looking now. Click here to read more on how to “win” that home you want.

5.  Interest rates will rise. This is inevitable and we have already seen the beginning of the end of the lowest interest rates in history. The new administration will also play a role in the interest rate rise as economic goals fluctuate.

The bottom line is that I believe the housing market will do well in the coming year. I do not predict any “bubbles” as some (very few) have done. I think here in San Diego County our market is strong and will continue to be as we head into 2017.

As I always say, if you are thinking of buying or selling in the future you need to do your homework and start early – even a year is not too early. Study the markets, visit homes for sale, get to know inventory, neighborhoods and floorplans. Talk to a mortgage professional and plan ahead. Find a great local real estate agent and let him or her keep you informed so you are ready to go when the time is right. Be prepared and have a wonderful new year!

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Report: San Diego March Home Prices Were Highest in 9 Years

Tuesday, April 19th, 2016

A study just released by CoreLogic states that homes sold in San Diego this March had the highest prices in 9 years, with a median home price of $478,000. How is this possible with such low inventory, you may ask? Well, it is likely because of that low inventory that prices have skyrocketed. When levels are low affordability tends to increase as homes sell for higher prices, making it a seller’s market. statistics

Another factor contributing to the current market status is that interest rates have remained exceptionally low, creating a surplus of buyers (some rates are reportedly under 4% for 30 year fixed loans). Spring  and Summer – the traditional “big” selling seasons – are in full swing with qualified buyers abound who have few choices. We are seeing multiple offer situations all over the place (I just wrote an offer the other day and there were 6 offers, all at or over asking price). Buyers are ready to buy and when a home in a desirable area is listed it likely will sell quickly – a strong reason to make sure you are preapproved if you are planning to purchase a home soon.

According to the report, home sales increased 5.1% year over year, with new home sales leaping 28.1% last month. All of this makes it a great time to sell, but many sellers do not do so because they are afraid they won’t find replacement property, putting many in a Catch-22 situation. On the other hand, home improvement stores have been doing very well since the start of the year, as many homeowners may be deciding to make improvements rather than chance selling with no where to move – we seem to be stuck in a rut of sorts.

Here in North San Diego I have seen a lot more off-market homes being marketed to real estate agents. In other words, agents list properties and market them without putting them on the MLS (a VERY good reason why all buyers need to have agents!). Many of these homes do not make it to the MLS until they are in escrow, giving buyers no opportunity to view them or make offers. This is frustrating but the early bird gets the worm I suppose. I have received emails and recorded phone calls about property that are not on the market yet but are being marketed to brokers or agents.

The bottom line is that prices have definitely risen and inventory is tight, but if you do your homework and prepare before buying or selling, you should be able to do well. If you are merely selling and have an appealing home in a desirable neighborhood you will be in the driver’s seat. If you are buying make sure to get preapproved, work with a real estate agent, get educated on the market in which you focus your search, and be ready to write the strongest offer you can.

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Why is Home Inventory Scarce (even in San Diego County)?

Monday, February 1st, 2016

If you are a buyer you have likely noticed that inventory is scarce right now, in San Diego county as well as many other areas. As we head into the Spring/Summer “busy” home selling season, many wonder whether the inventory will pick up, and that has some buyers and sellers worried. For sale

Here are some of the likely reasons why inventory levels remain low right now:

1. Rate increases. In December of 2015 the feds slightly raised interest rates, with the hint that more increases would follow. Many buyers got off the fence and are not out looking for houses before any further increases might price them out of the buyer market. This could be good news for sellers, but it seems they are not jumping to list their properties – likely because they are concerned with finding replacement property themselves.

2. Buyer inability to qualify for a loan. Many buyers may not be able to qualify for loans. Price increases in 2015 and mortgage interest rate increases could cut out the ability of some buyers to qualify.

3. Sellers don’t want to give up prop 13 tax basis. Some sellers may not want to list their properties because they could lose their Proposition 13 tax benefits if they sell – especially if they purchased their homes when prices were lower, the assumption being that a new home purchased will  be priced higher and thus have a higher tax base.

4. Sellers worry they won’t find replacement property. This was mentioned above, and it is a Catch-22 situation: sellers may have plenty of interested buyers and great offers, but they are afraid because of the lack of inventory available for finding replacement property; thus many sellers stay put.

5. U.S. and foreign economic issues. Although this may not play into selling and purchasing decisions as much as some of the other reasons, it could be a deal breaker for some buyers/sellers, who may perceive threats in the economic system and decide it is best to stay put until things feel safer.

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The bottom line is that we do not know how the inventory will be affected as we head into 2016. Buyers who are qualified should probably focus on finding properties sooner rather than later, if they want to avoid interest rate hikes. Sellers who have replacement property, are moving out of the area, or must sell for other reasons will likely find themselves in a great position to sell. Make sure to talk to a knowledgeable and experienced local area agent and mortgage professional to understand what it going on in your hyper-local market, so you know when is the best time for you to buy or sell real estate.

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North San Diego’s Best Coffee Houses

Tuesday, January 26th, 2016

Many people use big chains to grab their favorite brew each day, but I have always been a fan of small, local coffee houses – and it makes me feel good too to support local businesses. Here in North San Diego we are lucky to have some fantastic places to grab your tea or coffee, sit and do some work, have a business meeting or visit with a friend or spouse. Here are my favorites from Carlsbad to La Jolla:

LCCRLa Costa Coffee Roasting: This place has been a staple in the Aviara community of Southwest Carlsbad for as long as I can remember (at least over 20 years). The coffees and teas are great, they feature daily specials, and there are a variety of pastries. They sell coffee in bulk, which is roasted on the premises, and whole leaf teas as well (no boxed tea bags here!). On Friday nights there is live music, and once a month they host open mic nights. The outdoor seating area is wonderful, with comfortable sofas and big umbrellas. 6965 El Camino Real, Ste 208 Carlsbad, CA 92009 (off El Camino between Aviara Pkwy and Dove Lane). 760-438-8160.

Vinaka Cafe, Carlsbad Village: This quaint coffee house serves wonderful coffee and tea drinks, and sits in the heart of the IMG_4939Village. There are many local regulars and the food is fresh and delicious and not overpriced. There is a very relaxed feel here and you will always be welcomed. 300 Carlsbad Village Dr, Ste 211, Carlsbad, CA 92008. 760-720-7890.

 

oBetter Buzz, Encinitas: The newest coffee house in the ‘hood of downtown Encinitas is creating a buzz. The atmosphere is wonderful, with high ceilings and a funky, hip vibe. Coffee and tea drinks are tasty, and they also offer yummy smoothies and a selection of eats, including the famed avocado toast and fresh acai bowls. Located in the heart of downtown Encinitas, this is a new favorite hang out, whether relaxing or on the way to and from shopping, dining or a trip to Whole Foods. 578 S Coast Hwy 101, Encinitas, CA 92024. 760-487-5562.

 

Pannikin, Encinitas: Pannikin is a landmark on Coast Highway in Encinitas, and the big yellow Victorian house has been a thfavorite among locals and visitors since 1968. The atmosphere and coffee/tea drinks are fantastic (serving whole leaf teas, with loose tea for sale), and the food can’t be beat. Enjoy a full breakfast and lunch menu, from healthy breakfasts to scrumptious sandwiches and soups, and a delicious selection of baked goods. If you’ve never visited you are missing out on a iconic Encinitas spot that is great for people watching. Sit inside or out. 510 N. Highway 101, Encinitas CA 92024. 760-436-5824.

 

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Swell Cafe, Del Mar: Located in the redesigned Flower Hill Promenade, this former Pannikin is a great place to relax, meet or work/study. The coffee and food is good, and the outdoor seating is plentiful – plus it a great shopping center and there is a Whole Foods downstairs. 2670 Via De La Valle, Del Mar, CA 92014.

 

The Living Room, La Jolla Village: I love stopping in here when I am in the Village, and have been visiting for many years. It is a comfy and eclectic coffee house with a vibe that truly lives up to its name, complete with antique furniture and a velvet cushioned love seat. Sit in the back and enjoy ocean peeks. Great coffee drinks and smoothies, delicious desserts and and a full lunch and breakfast menu. A great place to stop when out walking the beach, shopping the Village or after visiting the seals/sea lions at the Children’s Pool. 1010 Prospect St, La Jolla, CA 92037. 858-459-1187.th

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Next time you are in the mood for coffee or tea, support local small businesses and try one of our local coffee houses – you’ll be happy you did. If you have a North County favorite coffee/tea spot that I did not mention, or make a new discovery, please comment with name and location…I love trying new places!

 

 

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San Diego Calendar of Events for January 2016

Tuesday, December 29th, 2015

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San Diego Calendar of Events for December 2015

Wednesday, December 2nd, 2015

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San Diego Calendar of Events for July 2015

Thursday, July 2nd, 2015
National City’s 4th of July Carnival 
The National City Host Lions Club invite you to celebrate the 4th of July with a weekend long carnival complete with rides, games, food, fun and fireworks!
Date: July 1 – 5, 2015
Time: Wednesday-Friday: 5:00 to 11:00 PM

Saturday (4th of July): 12:00 PM to 12:00 AM
Fireworks at 9:00 PM
Location: D Ave & E 12th St., National City, CA 91950
For more info.: visit www.nationalcityhostlions.org
Oceanside Fireworks Show
The public is invited to the City of Oceanside Fireworks Show on July 3, 2015 from 6:00 to 10:00 PM.
Date: July 3, 2015
Time: 6:00 PM to 10:00 PM
Location: 3302 Senior Center Drive, Oceanside, CA 92056
For more info. visit www.ci.oceanside.ca.us
80’s Heat Aloha Party
Enjoy the dance party with 80’s heat, make sure you come in a costume! Costume Contest with prizes.
Date: July 3, 2015
Time: 9:00 PM to 11:45 PM
Price: Advance – $13 / Day of – $15 / Reserved – $23
Location: 143 S Cedros, Suite T, Solana Beach, CA 92075
For more info.: 858.481.8140 or visit bellyup.com/80s-heat-aloha-party
Fireworks Display / Parades / Festivals – July 4th, 2015
Big Bay Boom!
The Big Bay Boom July 4th Fireworks Show is back, promising another spectacular display over San Diego Bay. Fireworks will be discharged simultaneously from barges placed strategically around the Bay off Shelter Island, Harbor Island, Embarcadero North, Seaport Village, Embarcadero South Marina Park and Coronado Ferry Landing.
Date: July 4, 2015
Time: Fireworks will begin at 9:00 PM
Price: Advance – $13 / Day of – $15 / Reserved – $23
Location: visit website for details
For more info.: visit www.bigbayboom.com
4th of July Celebration in Ocean Beach
Celebrate the fourth of July in Ocean Beach with a spectacular fireworks display off the OB Pier!
Date: July 4, 2015
Time: 7:00 AM to 10:00 PM / Fireworks at 9:00 PM
Location: 5091 Niagara Ave., San Diego, CA 92107
For more info.: visit www.oceanbeachsandiego.com
Mira Mesa Fourth of July Celebration
The Mira Mesa Town Council is honored to once again present the annual Mira Mesa 4th of July Parade and Family Fun Day in the Park.
Date: July 4, 2015
Time: 8:00 AM to 9:30 PM / Fireworks at 9:00 PM
Location: 8575 New Salem Street, San Diego, CA 92126
For more info.: visit www.miramesatowncouncil.org
Sea to Shining Sea 4th of July Fireworks
SeaWorld will light up the sky with an amazing fireworks extravaganza to celebrate the 4th of July. Fireworks will start at 10:10 PM and will last approximately 17 minutes.
Date: July 4, 2015
Time: 9:00 AM to 11:00 PM / Fireworks at 10:10 PM
Location: 500 SeaWorld Dr., San Diego, CA 92109
For more info.: call 800.257.4268 or visit seaworldparks.com/en/seaworld-sandiego
Scripps Ranch 4th of July Parade and Festivities
Come and enjoy a fun filled day for family and friends at the annual Scripps Ranch 4th of July Parade and Festivities.
Date: July 4, 2015
Time: 10:00 AM to 1:00 PM
Location: Aviary Drive & Canyon Lake Dr., SD, CA 92131
Julian 4th of July Parade
The stars and stripes will move down Main Street during this year’s Julian Fourth of July parade, prompting selection of It’s a Grand Old Flag as the theme for the annual patriotic celebration.
Date: July 4, 2015
Time: 10:00 AM to 5:00 PM
Location: Main St., Julian, CA 92036
For more info.: visit www.julianparade.com
Red, White and BOOM! Rocks LEGOLAND
The summer heats up at LEGOLAND with a star-spangled Fourth of July celebration, “Red, White and Boom!”. The awe-inspiring fireworks show begins at 8:30 PM and blends patriotic music with dazzling pyrotechnics.

Date: July 4, 2015

Time: 10:00 AM to 9:30 PM
Location: One LEGOLAND Dr., Carlsbad, CA 92008
For more info.: call 760.918.5346 or visit www.LEGOLAND.com
El Cajon 4th of July Picnic and Fireworks
Celebrate the 4th of July in El Cajon with a good old fashioned picnic, children’s activities, vendors and fireworks!

Date: July 4, 2015

Time: 12:00 PM to 10:00 PM
Location: 1675 East Madison Avenue, El Cajon, CA 92019
For more info.: visit www.ci.el-cajon.ca.us
Rancho Santa Fe’s Annual 4th of July Parade & Picnic
Pack a few blankets and chairs for Rancho Santa Fe’s Annual 4th of July Parade & Picnic with live music, food, fun and more.

Date: July 4, 2015

Time: 1:00 PM to 3:00 PM
Location: 16948 Avenida De Acacias, Rancho Santa Fe, CA 92091
For more info.: visit www.rsfassociation.org
Santee Salutes – Fourth of July Celebration
Rock out with 80s All Stars playing hits from the 80s, a patriotic ceremony, inflatable zone, food trucks and fireworks.

Date: July 4, 2015

Time: 3:30 PM to 10:00 PM
Price: Free / Parking – $5-$15 / Reserved Canopy – $135
Location: 550 Park Center Drive, Santee, CA 92071
For more info.: visit www.ci.santee.ca.us
Independence Day Festival & Fireworks
Join 20,000 patriotic festival-goers for the 52nd Annual Independence Day Festival & Fireworks in Escondido.

Date: July 4, 2015

Time: 4:00 PM to 9:30 PM
Location: 5340 N. Escondido Blvd., Escondido, CA 92025
Ramona Rotary Community Fireworks and Family Picnic
It’s an unforgettable experience when the skies over Ramona explode with color during the annual Ramona Rotary Community Fireworks and Family Picnic on July 4.

Date: July 4, 2015

Time: 5:30 PM to 10:00 PM
Location: 1521 Hanson Lane, Ramona, CA 92065
For more info.: visit www.ramonarotary.org
Vista Independence Day Celebration
Celebrate the 4th of July in Vista at the Moonlight Amphitheatre with live music, an honorary ceremony, family fun and fireworks!
  • 7:00 AM: Brengle Terrace Park opens
  • 5:00 PM: Moonlight Amphitheatre opens
  • 7:00 PM: Honorary Ceremony on the Moonlight Stage
  • 7:35 PM: The Mar Dels performs on the Moonlight Stage
  • 9:00 PM: Fireworks

Date: July 4, 2015

Time: 7:00 PM to 10:00 PM
Price: $5
Location: 1200 Vale Terrace Drive, Vista, CA 92084
For more info.: visit www.ramonarotary.org
Fourth of July Fireworks at La Jolla Cove
Come celebrate 4th of July with friends, family, and fireworks at La Jolla Cove! Come early to find your spot and enjoy some of the best sunset views in America’s finest city!

Date: July 4, 2015

Time: 8:00 PM to 10:00 PM / Fireworks at 9:00 PM
Location: 1180 Coast Blvd., La Jolla, CA 92037
For more info.: visit www.lajollabythesea.com
11th Annual Switchfoot Bro-Am
The 11th Annual Switchfoot Bro-Am beach day on July 11 will feature a surf contest, live music performances, and nerf surf jousting exposition between surf contest heats.
Date: July 11, 2015
Time: 7:00 AM to 5:00 PM
Location: 252 5th Street, Encintas, CA 92024
For more info.: visit www.switchfoot.com/c/bro-am
Del Mar Racing Season
San Diego horse racing takes place where the “turf meets the surf” at the Del Mar Racetrack.
Date: July 16 – September 7, 2015
Time: 11:30 AM to 6:30 PM
Price: call or visit website for details
Location: 2260 Jimmy Durante Blvd., Del Mar, CA 92014
For more info. call 858.755.1141 or visit www.dmtc.com
San Diego Pride Rally
Pride celebrations everywhere trace their heritage to the eventful evening of June 28, 1969 when patrons of the Stonewall Inn in New York City said “No more!” to the harassing tactics of the New York Police. That protest has grown to annual events held in major cities throughout the world. In San Diego, our first rally was held in 1975.
Date: July 17, 2015
Time: 6:00 PM to 7:00 PM
Location: University Ave & Normal St., Hillcrest, CA 92103
For more info.: call 619.297.7683 or visit sdpride.org/rally.htm
Annual LGBT Pride Festival
San Diego Pride’s famous cultural Festival includes multiple stages of entertainment, more than 80 musicians, bands, comedy and dance performers, 300 participating vendor booths, an art exhibit, cultural presentations, and great food!
Date: July 18 – 19, 2015
Time: 11:00 AM to 10:00 PM
Price: $15+ / Volunteers and Youth Under 15 – Free
Location: 6th Ave & Laurel St., San Diego, CA 92103
For more info. call 619.297.7683 or visit sdpride.org/festival.htm
Insect Festival
This one-of-a-kind event features thousands of fascinating creepy-crawlies including live insects, lizards, snakes, and the famous “Madagascar hissing cockroaches.”
Date: July 25 – 26, 2015
Time: 10:00 AM to 4:00 PM
Price: Free with paid admission or membership
Location: 230 Quail Gardens Dr., Encinitas, CA 92024
For more info. visit www.sdbgarden.org/insect.htm
Film in the Garden: Annie Hall (1977, PG)
Winner of the 1977 Oscar for Best Picture, Woody Allen’s classic romance Annie Hall (1977, PG) opens with Alvy Singer’s flashback to his childhood home, built under Coney Island’s Thunderbolt roller coaster!
Date: July 27, 2015
Time: 18:00 PM to 10:30 PM
Price: Museum & MOPA Members – Free / Nonmembers – $5
Location: 1450 El Prado, San Diego, CA 92101
For more info. call 619.232.7931 or visit www.sdmart.org/calendar/film-garden-0
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San Diego Calendar of Events for June 2015

Monday, June 1st, 2015

Happy San Diego summer to everyone!

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