Rain Boots on the Ground

Whew, nothing like a chilly month of rain to make you eager for Spring! After weeks of winter chills, it’s no coincidence that our housing market has likewise cooled down. Will warmer days give way to warmer housing markets??

Despite a strong US economy with historically low unemployment and steady wage growth, home sales began to slow across the nation end of last year. Analysts blamed a combination of high prices and the steady stream of interest rate hikes by the Federal Reserve.

The Federal Reserve responded last month to this growing affordability conundrum with a new approach to further rate changes. The Fed has so far maintained its promised move to new ‘Patient Approach’ – this is a step in the right direction; The Fed has not increased rates in 2019.

Market Stats for this Month: Closed Sales -13.3% for Detached and -26.2% for Attached homes. Inventory levels +28.3% for Detached and +45.2% for Attached. Median Sales Prices for Detached were +3.4% to $615,000 and +2.5% to $415,000 for Attached. Supply +41.2% for Detached, +61.5 % for Attached.

While the home affordability topic will continue to set the tone for the 2019 housing market, early signs point to an improving inventory situation, including in several markets that are beginning to show regular year-over-year percentage increases. As motivated sellers attempt to get a jump on annual goals, many new listings enter the market immediately after the turn of a calendar year. If home price appreciation falls more in line with wage growth, and rates can hold firm, consumer confidence and affordability are likely to improve.

From your boots on the ground market report – Spring buying frenzy seems to be just around the corner; we are seeing buyer activity already start to improve over last weeks of February. As many buyers return to their search after months of hiatus during ‘market slowdown’, it’s promising to see this shift in mentality throughout several in the buyer pool. With Spring around the corner and sunny days back in the forecast, we can expect we to see a return of eager buyers into our warming housing market in full force within the next few weeks..

Buyers Advice: Did you know that with most buyers loans you can ask the seller to pay up to 6% of the purchase price to go towards remodeling costs?? And yes, that includes VA loans as well! So… what strategy do we implement here? How about you see a home that needs new carpet and paint… ask for a credit. Want to redo the kitchen? ask for a credit. With these seller credit options available, your buying opportunities can expand and gives you chance to make changes needed to call your new house your home.

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Sellers Advice: The market has shifted and we have more inventory than we have had in 5 years which  means more competition. However the majority of the homes on the market right now are NOT in the best of condition. If you want to stand out, make sure to make your home as nice as possible before listing. Learn more about how you can best prepare your home for market:

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    COMING SOON! • SHADOWRIDGE, VISTA • NEW FOR SALE!

    $599,900 – $629,900

    3 Bedrooms Custom, Fully Renovated Home
    3 BathroomsEntertainer’s Backyard – Canyon Views
    1816 sq.ft. Shadowridge Neighborhood – NO HOA!

    Come home to this impressive, fully renovated home with entertainer’s backyard & canyon views in the highly desired neighborhood of Shadowridge, Vista! Meticulously maintained, this stunning home demonstrates true pride of ownership through custom construction, stunning details, vintage charm & quality updates throughout. Virtually flawless attention to detail – this home is guaranteed to impress – you really need to see this one to fully appreciate!

    List Date: Tuesday, February 12th, 2019

    Don’t miss your chance here – This incredible home is sure to take your breath away & we guarantee it WILL SELL FAST! Call Today for more info or Schedule your Private Tour (BEFORE it lists!) – CALL 888.503.3117

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      New Year, New You.. New Market, too!?

      Anyone else feeling whiplash from watching the stock market last month??

      For those of you who missed the excitement – the Federal Reserve issued a fourth interest rate hike to close out 2018. Unfortunately this spooked the stock market into a terrifying roller-coaster ride that left many feeling whiplash in their wallets.

      The Fed has since indicated that the number of rate increases will be halved in 2019 – while this new year’s resolution is a hopeful start, it may be of little comfort to an already compressed consumer. Change is happening, but is it enough to tackle the growing affordability issue? Here’s what’s ahead for San Diego real estate in 2019..

      Unemployment rates are at record lows & wages continue to improve for many households across the country, which is generally a good sing. However, as wages gradually increase so do average home prices AND the rate of increase for homes is drastically outpacing wage increases. This condition is what created an affordability crux in the second half of 2018.

      Last year, home prices were consistently up again but at reduced levels compared to years prior. Median Sales Price this month was up 2.5%  for Detached homes and 3.5% for Attached – compared to last year with 5.7% and 8.1% increases. We saw inventory increase 29.6% for Detached homes and 55.9% for Attached homes.

      Mounting evidence says we will continue to maintain these higher inventory levels across SD county. This is a step in the right direction for alleviating affordability gaps – however we still have quite a distance to cover – Housing affordability will remain an important storyline in 2019. Here’s the stats for this month:

      Buyers Advice: 

      Are you pre-approved? Want to buy in San Diego? NOW IS THE TIME TO BUY!San Diego has more inventory now that we’ve had in several years.. that means more buying options & more negotiating power to you! During the winter months, the housing market will typically see a dip in buyer activity- use this to your advantage and start your search! Fewer buyers & more homes means better chance for you to find your dream home.. and possibly for a great deal too!
      Start Your Home Search Today! 

      Sellers Advice: 

      Best advice I can give you right now is this: make sure you will be the “Next-to-Sell- Home”. What I mean is that you have to win on all fronts when compared to your competition. Your home either has to be in the same or better than the rest, in all categories. Certain factors help set up sellers for success – we offer free seller consultations if you would like to learn more.
      Ask for a FREE Consultation!Click Here.

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        COMING SOON! • INVESTMENT / BUILDER OPPORTUNITY! • NEW FOR SALE

        This beautiful property offers the potential to rezone 2.97 acres to E1 & split lot to build up to an additional 3 homes. Current 5bd/3ba/2596 sq.ft. home on property which currently produces $2700.00 a month income.

        Attention Builders/Investors: Prime Location, Great Opportunity!


        Don’t miss your chance with this one! Contact us today to view this property before it lists! 888.503.3117

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          COMING SOON • New Home For Sale • SHADOWRIDGE

          4 Bedrooms3-Car Garage
          2.5 BathroomsLarge Fenced Backyard
          2700+ sq.ftNO HOA or Mello-Roos!

          COMING SOON! Beautiful home for sale in the highly desirable community of Shadowridge! This home features everything you could want, including: excellent location, vaulted ceiling entryway, 2 fireplaces, beautiful large windows, perfect floor plan for entertaining and a tranquil backyard setting. Additional finishes include: hardwood floors, granite countertops, custom-built cabinetry, walk-in pantry, gorgeous lighting and ample storage. Don?t forget the 3-car garage and no HOA fees! This one won’t last!

          For More Info or Schedule Your Private Tour,

          CALL 888.503.3117

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            Have the Scales Tipped?!

            As we settle down into the final weeks of 2018, the belief that we have overheated markets has since changed – some may say we might even be approaching a buyers market soon.
            Do San Diegan homeowners have cause to fear this? Experts agree we are in indeed seeing a shift, but it’s not what you might think. 

            What does 2019 have in store for San Diego housing market? 

            The home market is becoming more balanced among buyers and sellers. There are already signs that the market is beginning to swing towards buyers – inventory is finally up after almost four years of uninterrupted declines, especially in formerly ‘red-hot’ markets like the west coast. There’s more inventory, more buyer caution, therefore price cuts are becoming more frequent.

            So what’s the forecast for next year? Home sales volume in the years following 2018 are expected to be more of the same. Higher interest rates and economic uncertainty will hold back sales volume next year, however in San Diego county, our market is ranked fifth in the nation for ‘hottest’ in-demand markets. We can expect a balance to emerge between buyers and sellers; signs are starting to show, but we’re still a long way off – we might predict a buyers market on the horizon, but not in 2019.

            Here’s what we’re seeing now:

            Buyers Advice: Are you one of the many saying now is not a good time to buy? While it may feel safe to be a sheep, here’s why you’re wrong – currently the market has more sellers and not enough buyers.. this means you are in a PRIME buying position! Options and less competition. Just like our seasoned investors do every year, use this ‘slower’ season to your advantage and get out there… you could potentially land yourself a killer deal!
            Start Your Home Search Today! 

            Sellers Advice: Remember to keep things in perspective – yes, shifts are happening and there’s some more competition on market, but homes are STILL selling for record-high sales prices! If you are thinking of selling at some point, keep in mind timing is everything! Our housing market is headed for a stability shift, but right now prices are still increasing! If you have the right agent prepping and marketing your home to be that ‘next-to-sell’, you STILL have the opportunity to sell your housing investment for the highest possible return, ever! How much could you make??
            Find Out the Current Value of Your Home Now!



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              Calm Before the Storm ?

              November 2018 – San Diego Real Estate Update

              As we settle down into the final weeks of 2018, we can see a period of relative calm ahead for our local housing market. Long gone are the consumer cries for housing bubbles as we have turned the corner into a trend of market balance to wrap up this year.
               
              While prices are still rising in most areas, the number of homes for sale are still low however there is a general shrinking in the percentage gaps for year-over-year comparisons in sales, inventory and prices for San Diego county. This is exceptional news for not only our local real estate market, but our nation’s economy and a promising start to 2019.
               

              While our stock markets experienced an October setback, that does not necessarily translate to a decline in the real estate market. Actually, our national unemployment rate has been below 4.0 percent for three straight months and during five of the last six months. This is exceptional news for  real estate. Meanwhile, home-builder confidence remains positive, home-ownership rates have increased in the key under-35 buyer group and prices, though still rising, have tapered their incline to more healthy margins. All-in-all, a look at today’s housing market doesn’t forecast an imminent housing crash as many consumers fear, but instead shows a hopeful future.

              Here’s what we’re seeing this month:

              Buyers Advice: 
              Are you one of the many saying now is not a good time to buy? While it may feel safe to be a sheep, here’s why you’re wrong – currently the market has more sellers and not enough buyers.. this means you are in a PRIME buying position! Options and less competition. Just like our seasoned investors do every year, use this ‘slower’ season to your advantage and get out there… you could potentially land yourself a killer deal!
               
              Sellers Advice: ​​​​​​​
              Remember to keep things in perspective – yes, shifts are happening and there’s some more competition on market, but homes are STILL selling for record-high sales prices! If you are thinking of selling at some point, keep in mind timing is everything! Our housing market is headed for a stability shift, but right now prices are still increasing! If you have the right agent prepping and marketing your home to be that ‘next-to-sell’, you STILL have the opportunity to sell your housing investment for the highest possible return, ever! How much could you make??

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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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                  Market Watch: Is ‘Big Change‘ on the Horizon??

                  Scary times ahead? Well, I suppose ‘tis the season after all… Buckle up, San Diego! Reports are officially in and after months of careful watch, economy observes predict our local housing market is indeed headed for a ‘Big Change’ by the end of 2018.

                  Have I scared you yet?? Don’t be… while it may be the season for scares and Hollywood horror – let’s keep Halloween out of our housing market update, sound good?  So here’s what they mean when they talk about this intimidating ‘Big Change’… first off, let me just say that overall, this is going to be a good thing!

                  As we head into the holiday season, our market is holding significantly more inventory than this time last year (21.9% more, to be exact). While our market has experienced a slight shift and slowdown in price increases over these last few months, this coupled with a healthier market supply of homes for sale has created more stable conditions for our San Diego real estate market. All this means is that today’s market has more sellers finally taking advantage of these record-breaking home prices and that creates more options for buyers, less pressure and more power finally allocated back to buyers. This shift was a welcomed relief for buyers and economists alike, and while rumors of a  ‘housing bubble’ could be heard everywhere, luckily our readers knew that this shifting relief was indeed on the horizon.

                  So here is what’s coming – current conditions will maintain our housing market in a positive (though moderate, ‘healthier’) incline for these last few months of 2018. Our buyer demand for San Diego county consistently maintains remarkable strength (duh! honestly, who doesn’t want to live here??) – however in consideration of rising home prices, interest rates, and the holiday ‘slowdown’ season around the corner, economists and real estate professionals alike will continue to keep a weather eye on the horizon for any further changes to our market.  

                  [ Editor’s Note: Despite this general market trend assessment, we are still seeing pockets of home sales occurring with very low days on market and unusually high sales prices across San Diego county – these recent sales remain statistical outliers, but continue to occur month-by-month on county housing reports despite recent market shifts.]

                  Here’s what numbers we’re seeing from this month:

                   

                  Buyers Advice: 
                  The best advice Finally, some options!!! Not only do you have more options today than you have had available in YEARS… now you also have this general holiday ‘slowdown’ on your side as a buyer right now. What this means for you is less competition in the market, more options available and when you do find you dream home, you have more potential buying power as well! This could be a great time to get out there and get a phenomenal deal!!! 
                   
                  Sellers Advice: ​​​​​​​
                  Remember to keep things in perspective – yes, shifts are happening and there’s some more competition on market, but homes are STILL selling for record-high sales prices! If you are thinking of selling at some point, keep in mind timing is everything! Our housing market is headed for a stability shift, but right now prices are still increasing! If you have the right agent prepping and marketing your home to be that ‘next-to-sell’, you STILL have the opportunity to sell your housing investment for the highest possible return, ever!   What could you make??
                   

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                    • Modern Beach Home •   COMING SOON!!!  •  Crystal Sands  •  

                    502-518 N. Myers Street, #512

                    Oceanside, CA 92054

                    3 Bedrooms 2-Story Luxury Unit 1 Block from Beach!
                    3 Bathrooms Ocean Views! Underground Parking

                     

                    Coming Soon! Luxury Beach Residence at Crystal Sands!

                    This stunning 2-story unit features 2000+ sq.ft. of spacious living with vaulted ceilings, ample natural light by skylights & floor-to-ceiling windows; immaculate finishes & stunning modern design throughout! Enjoy breathtaking ocean views from either of your 2 west-facing private balconies off the living area or top floor master retreat! 

                    Additional features include: Lavish master bath w/ his & her vanity, walk-in shower, jacuzzi tub & XL walk-in closet; fireplace, gourmet kitchen, laundry room, secure underground parking garage with private storage room, elevator, private on-site gym, and so much more! Find this exquisite beach home perfectly located just 1 block from the beach & short walking distance to nearby shops, restaurants, theater, pier & Coaster!

                    Crystal Sands offers contemporary architectural design with outdoor living spaces and modern interior features. Complex includes nine luxury beach homes, rising above the Pacific Ocean with authority. Each unit features ocean views, underground parking & exquisite contemporary fixtures and complementary material throughout kitchen, bathrooms, closets and more. Located just steps from San Diego’s finest white sand beach, 3 short blocks from the train station and 2 quick blocks from the pier and Mission blvd with the best shops, dining, theater & attractions within walking distance – Crystal Sands is in a highly desirable location in Oceanside.

                    This exquisite home will be listed soon! Don’t hesitate – Call today for more info and updates on this stunning new beach home for sale at Crystal Sands! Don’t wait – Will Sell Fast! 

                    Call for More Info:  888.503.3117

                     

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