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*   COMING SOON!     *    New Listing in North Park    *    COMING SOON!   *

 

3637 Louisiana Street, San Diego, CA 92104

$799,000 – $849,000

Three Bedrooms 

Two Bathrooms  

1272 sq.ft. 

Single-Level Home

Large Lot + Bonus A.D.U. 

Close to Everything!

Find this charming single-story home in the heart of North Park! This is a great opportunity for buyers to own a single-family home on large private lot with additional A.D.U. back house (potential Airbnb/ Rental) for bonus income opportunity! Located in the highly desirable North Park area, only few minutes walk to Balboa Park, downtown North Park with awesome shops, restaurants, entertainment & more! 

This listing is not active on MLS – OFFMARKET LISTING – We will go live on market in a few weeks.. Don’t hesitate! Will Sell Fast!

Contact us for more info & listing updates –  888.503.3117

 

Listed by: The Arendsen Group

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    September 2018: San Diego Real Estate Update

    Mind the Gap [in Affordability!]

    We’ve been watching all market factors very closely – with all factors in consideration, we determine there to be a plateau in our market today.  Watch quick video here:

    The main reason is e assess that is really the affordability aspect, in particular the national income level. Over the last year, household income only rose about 2.8% annually. Now we this we’ve had rising housing prices, interest rates up AND building costs increase.. these rising costs on a national level have far outpaced our income averages. What does this mean?

    Well this is what many refer to as the ‘gap’ in affordability. Now here we have hit that ceiling on national average levels of affordability. 

     

    Here’s the stats we are looking at:

    Buyer Advice:

    Finally, there are options!! Actually a great time to be a buyer.  Remember last year, there was so much competition you LITERALLY had no options.. look at the market today, you appreciate how much more opportunity awaits for buyers today!

    Start your search Today!

    Seller Advice:

    For sellers, what it comes down to is pricing to the current market, preparing the property and marketing properly in order to be that ‘next-to-sell’ home. There are still homes selling fast & for record breaking prices – does your home have what it takes?

    Ask for your FREE consultation today!

     

     

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        •   COMING SOON!   •  

      9332 Babauta Rd, #85   San Diego, CA 92129

      Asking Price: (Call Listing Agent)

       

      2+ Bedrooms Monte Rio Community
      2 Bathrooms Two-Car Attached Garage
      2-Story End-Unit A+ Schools – Great Walkability!

      Coming Soon! You’ll find this charming 2-story Condo nestled safely in the heart of Rancho Penasquitos in the coveted Monte Rio community. This end unit offers the convenience of community condos with excellent amenities & beautiful landscaping, while living space offers privacy like a detached home! Enjoy convenience of attached 2-car garage with no neighbors above or below. 

       

      This unit offers two generous bedrooms and loft space (optional 3rd bedroom), 2 full bathrooms, 2balconies, cozy fireplace in living room & central air/heat system. Monte Rio community: Pet Friendly, Gated, Pool/Spa. 

      Great Location! Close to Hwys 15 & 56; Excellent schools within walking distance; Complex is next door to the coveted Los Penasquitos Canyon Preserve..and so much more! You don’t want to miss this one!

       

      For more info now, call listing agent ~  888.503.3117

      Subscribe Here for Listing Updates & More Condos like this!

       

       

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        6034 Madra Ave, San Diego, CA 92120

        COMING SOON!  •  Call for More Info!  •   888-503-3117

        Asking Price: $1,299,000

        4 Bedrooms Single-Story
        3 Bathrooms FULL westerly views!
        2828 sq.ft. Fully Remodeled / Move-in Ready!

         

        Full listing photo gallery, details & home tour video COMING SOON! Property will be live on the MLS in about a week, but you don’t have to wait.. Call us today for your private *Off-Market* tour!   888.503.3117

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          First Quarter is in the books & We’re in a H🔥t Market

          The first quarter of 2017 is in the books, so what happened? Well… the market has outdone everyone’s predictions.

          We are seeing month over month price increases, we are seeing buyer activity at an all time high, and we aren’t seeing any signs of this slowing down. Why? Because we don’t have enough inventory. I think this is due to the common concern I keep hearing from potential sellers… they are concerned if they sell, they won’t be able to find their next home. (If this is you, read our sellers advice)
          With all that being said, here are the stats to back this up:

          Closed Sales decreased 0.8% for Detached homes & 14.1% for Attached homes, however inventory decreased 29.9% for Detached homes and 34.7% for Attached homes which caused the  Median Sales Price to increase 7.9% to $565,000! DOM (Days on Market) decreased 13.6% for Detached homes & 17.1% for Attached. All this is telling us we are in a HOT market!

          SELLERS ADVICE

          One common concern we’re hearing from contingent home sellers is the fear of not finding their next home once they sell (a feeling that quickly disappears once they receive multiple high offers on their house), so we’ve put in place some security blankets for our home-sellers:


          # 1 – Make the Sale of their home contingent on them finding their next home.

          # 2 – Do a “Rent-Back” which will allow them to stay in their home for 30-90 days.

          # 3 – Have a plan to move into an AirBnB while putting their belongings into storage… This works great!


          Find out How much you could sell your home for!?

          What to do when you get multiple offers? Read Here

           

          BUYERS ADVICE

          The competitive market is making it particularly difficult for first-time & contingent buyers…So, How do you make yourself stand out from the crowd?# 1 – Ask your mortgage lender to get you FULLY APPROVED (not pre-approved -Fully Approved).

          # 2 – Stay ACTIVE, be AGGRESSIVE on Price & Terms.

          # 3 – HIRE a REALTOR, a True Agent with proven experience and positive reviews.


          Stay Active & Setup Automated Home Search Updates Here!

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            MARKET BEHAVES AS PREDICTED AS WE ENTER THE FINAL MONTH OF 2016!!!

            As we head into the final month to wrap up 2016, not mOct snapshotuch has changed since the year began:

            Low interest rates and a small increase in prices month over month.

             

            Market predictions have been spot on! The market has kept a comfortable growing pace thanks to continuing high job growth and low mortgage rates.

            The one big drag on the market has been low inventory levels, unfortunately there is little to indicate that the low inventory situation will resolve anytime soon; some might say this is a good thing because it will keep us in this same pattern, however,

            I think with more inventory, we could see prices flatten out and finally see a flat consistent market.

            Here are some stats for what we saw last month: Pending Sales increased 9.6% for Detached homes and 8.0% for Attached homes. Inventory decreased 12.7% for Detached homes and 29.7% for Attached homes. The Median Sales Price was up 11.5% to $580,000 for Detached homes and 8.7% to $380,500 for Attached homes. Days on Market decreased 14.6% for Detached homes and 13.9%for Attached homes.

            With all these positive stats, builder confidence is higher than it has been a long time, yet new development is low because of the cost to build in San Diego is so high. I believe in 2017 we will see a lot more new construction hit the market which will help us get to more sustainable inventory level. However we will have to wait and see what 2017 brings us! Stay tuned next month for our 2017 predictions.

            BUYERS ADVICE

            Continue to look through the Holidays! A lot of buyers step away from looking during this time of the year, however we some of our investor clients find the best deals right around now. Less people looking means less competition so stay active! Click Here

            SELLERS ADVICE

            We have stopped listing homes for the remainder of the year and will not list until Jan 10th, this is because we know how important the first 2 weeks on market are and we want to make sure we have the biggest audience possible. So, enjoy the Holidays and use the time off to take care of all those little repairs that need to be done, then come January you can have your property ready for market!

            Want to know how much your home is worth? Click Here

             

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