TAG | Joseph Arendsen

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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    • 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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      2018: Happy, Healthy… Homeowners!

       

      As we’re reaching those final dog days of summer here, while the weather reports heat waves and perfect beach days..our housing market has actually shifted into cooldown already. The rumors are true, folks – the shift has happened! Remember, this is a GOOD thing.  For all those crying, “housing bubble!” we see you.. That was soooo 2007, stop it. We have actually entered into a “healthy” market – economists agree, our market conditions have set the stage for stability moving forward.

      What we’re seeing in our market now is about a 2.2 month supply of homes, this is extremely low compared to the rest of the US; however, we expect for that number to increase to around 3 to 3.5 months here soon. This will allow buyers to take their time and not be forced into jumping into the first property that comes on the market… Finally, right?? If you’re interested in becoming a homeowner and making the American Dream your own, now might be your time to pull the trigger and find your dream home!

      Here’s what we’re seeing now:

      Closed Sales decreased 9.5%. Pending Sales decreased 1.9%. Inventory increased 9.4%. The Median Price was up 6.8% to $657,000 for Detached properties and 6.7% to $432,000 for Attached properties. Days on Market increased 8%.

       

      All-in-all, we are looking at a promising future on the horizon for our local housing market. Consumer spending on home goods and renovations are up, and more people are entering the workforce. Employed people spending money is good for the housing market. Meanwhile, GDP growth was 4.1% in the second quarter, the strongest showing since 2014. Housing starts are down, but that is more reflective of low supply than anything else. With a growing economy, solid lending practices and the potential for improved inventory from new listing and building activity, market balance is more likely than a bubble.

       

      Buyers Advice: 

      Buyers, you are now able to be a little more picky than buyers last year.. so you can be more patient, take your time for the right home to come along and really find that “dream home” you’ve been waiting for. Now, we’re not talking major price cuts here… as we said, it’s a healthy market not a housing crash – San Diego Is one of the most desirable places to live in America, so keep your expectations reasonable. Now’s the time to figure out what you really want and hire that Realtor who will work with you, pound the pavement and find that dream home! 

      Sellers Advice: ​​​​​​​

      The best advice I can you right now is this: make sure you will be, what I call the ‘Next-to-Sell-Home”. What I mean by that 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 condition than the rest, at either the same or better price. Certain factors help set up sellers for success, we’d be happy to walk you through the process.

      Find out about our Hands Free Selling System

       

       

       

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        The Secret’s in the Sale

        We certainly have some interesting times seen in our local markets here in San Diego County. What we’re seeing is an odd disconnect between what’s recorded in our monthly housing stat report and what we real estate professionals are seeing on the ground, working day-to-day in our local market. We dove deep into this month’s market report to find the secret to this mystery – here’s what we found…

        First statistic I’d like to bring attention to is our closed sales this month is DOWN 15% compared to last year .. that’s a significant drop! Now, sales are down.. and the number of homes for sale is actually UP! So we have less homes closed, but more inventory. Now usually this results in prices going down.. however, instead we actually have a 6.3% increase in value (home prices) in closed sales from this month.

        Scratching your head over that one? Yup, we did too.. but we dove deep and here’s what we found:

        We see that yes, we have more inventory, however we’re seeing more homes coming on market that aren’t showing well and are overpriced .. So what we have are these homeowners who see the housing market doing great, so they say, “hey, market’s great – let’s go ahead and list our property.. let’s sell our home”.. But they’re not taking the proper steps to sell their homes for the best results – their homes aren’t being prepped for market properly. These listings aren’t showing well. Some homes aren’t priced at fair market value either – they’re overpriced, they’re not showing well… so naturally, we’re seeing this population of listings sit longer on market.

        Then in contrast, we’re seeing the sellers ( “smart sellers” ) who are taking into account the condition of their property, making it look good …they’re hiring professional realtors to help prep their homes properly for market, having them come in and help prep, PRICE and market their home properly. Sure enough, these sellers are having more success with their homes on market than these other poorly prepped, overpriced homes – more closings & quicker sales with these “smart seller” listings. So despite more inventory, not all listings are equal.. however those “smartly” listed are selling with more success & faster, resulting in our increase in home prices seen still in San Diego county.

        Here’s the stats from this month:

        Buyers Advice: 

        So on the BUY side, BE CAREFUL. Make sure you do your proper research!
        Even if there’s no comps in the neighborhood, make sure you have your realtor to run comps for those homes you’re interested in. You want to make sure these homes are actually priced at fair market value, and seeing as several homes on market today are overpriced, make sure your realtor helps determine if in fact you are getting a fair price when you buy your new home.

        Contact us today!

        Sellers Advice: ​​​​​​​

        On the SELL side, take the time to meet with your realtor – make sure your listing agent really works to sell your home properly. Have them really guide you through this process – have them tell you what you need to do for staging, painting, PRICE..and then the proper marketing plan for your home sale. Note: we ARE still seeing a high demand for these types homes on market – sellers: if you prepare your home for market, you WILL be able to sell with great success! Maybe sell for more than your neighbor did, or get a great listing agent and you could even max out what your neighborhood can sell for.. the secret’s in the sale!

        [ Find out about our Hands Free Selling System… ]

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          April 2018  –  San Diego Real Estate Update 

          Can it be true?? Ladies and Gentlemen, no fools’ jokes went into the making of this statement… let it be known: there is finally a significant shift in our San Diego Housing Market! We are just seeing significant evidence of a lasting change to our local market. Basically, what had been several long discouraging months with severe inventory droughts in a scalding HOT sellers’ market has simmered down to what I would say to be a more stable market.  So small shift statistically, but what a significant impact on the market!  

          Now, this news may be a shocking surprise to you – but don’t be jumping to any sky-is-falling conclusions about this now.. we are seeing only slight shifts here, nothing to indicate we are at any risk of a market collapse, I assure you! What we are seeing is a slight, and long overdue increase in our market inventory finally, though oddly enough also saw slight dip in buyer demand over last few weeks. This may seem odd, but considering all the many other factors in play here like tax season/reforms, stock market, school season, newly increased interest rates, economic stability concerns, or just some awful cocktail of them all gives just cause for buyer numbers to take slight dip momentarily here, as shown below.

          However we can expect buyer demand recover soon as this recent market shift becomes more evident  – this surge of new inventory brings long-overdue relief onto our buyer market.  More inventory means buyers will finally have more options when out looking for their new dream home (and slight decline in present buyer activity is GREAT news for active buyers now! – More options, less competition, better deals!) For sellers, this shift will mean the end of price gauging and return to more strategic home sale practices.

          Now you might be asking yourself, “Why is this not a sign of a correction, or market crash???” Well, when the market crashed in 2007 people were stuck with these adjustable rate mortgages which when adjusted, sent their payment through the roof, we don’t have that anymore. Rental rates were extremely low in 2007 so it was cheaper to go rent than to own, we don’t have that anymore. Our population has grown yet we have only managed to build around 22% of the housing that is needed to support those new members of our community. Therefore these signs all point to high demand for housing here.

          All in all, the market is going to remain very strong for the foreseeable future, however expect to see more inventory and more options for home buyers.

          Here are some stats to back that up:  

           

          Closed Sales are down 15.9%,. Pending Sales are down 3.1%. The Median Sales Price was up 10.4% to $635k for Detached homes and 5.7% to $412k for Attached homes.
           
          Buyers Advice: 
           
          Alright, it’s time to get off that fence and buy now before interest rates go up even more – the Fed has come out and said they plan to do 2 more increases to interest rates within this year. You will definitely want to get into your new home before that happens! Also, we are finally seeing more homes hit the market, this means you can give yourself more time to be picky and make sure the home has everything you’re looking for! 
          See all the new inventory for yourself (Click Here)
           
           
          Sellers Advice: ​​​​​​​
           
          With competition to sale higher than we have seen in last few years, you will really want to make sure your home stands out from all the rest! To do this best, you will need to make sure the home is suitably decluttered and arranged so it can be shown well, make sure the property photos are amazing & flawless, always review all marketing to make sure it is advertised correctly, and of course, make sure it’s priced right! If this sounds like a lot to do, you’re not alone & that’s why our  team created this specialty selling system that provides sellers with full service, start to finish so we when you list with us, we’ll do the rest, cut out the stress & always deliver the best! 
          Ask us about our  (Hands Free Selling System)
           
           

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            9516 Welk View Court, Escondido, CA 92026

             

            New Listing in Rimrock Estates    •    COMING SOON!   •   Panoramic Westerly Views!

            Asking: $1,999,900

            4 Bedrooms Stunning 1-Story Hilltop Home
            3 Bathrooms Prestigious Rimrock Estates
            3000 sq.ft. Panoramic Views w/Infinity Pool

             

            Schedule your private showing, before it even lists!   Call Joseph,  888.503.3117

            Coming Soon! Magnificent 4 bed, 3 bath, single-story hilltop residence nestled high within the prestigious Rimrock Estates with breath-taking westerly views stretching 50+ miles across lush rolling hills out to the ocean & the Catalina islands. This spectacular home is stunning inside & out – quality construction masterfully emphasizes these beautiful views in almost every room across the expansive 3000 sq.ft. open-concept  living space. Features include vaulted ceilings, gourmet chef’s kitchen, separate wing with master suite + stunning master bath + HUGE walk-in closet with his & her custom built-ins!

            Majestic courtyard entry leads through custom iron gate down stone tiled path under vaulted breezeway lined w lush greenery & built-in fire pit. Enjoy unbelievable westerly views from your beautifully landscaped backyard oasis, complete with saltwater infinity pool & spa, outdoor kitchen / bbq / pegola patio. Wrap-around stone walkway continues along the west-facing bluff under an open-beamed pegola complete with a canopy of lush greenery, mature gardens and soothing water fountains throughout.

            This meticulous home demonstrates true pride of ownership – truly something special. Must see to fully appreciate! This hilltop gem is definitely one you do not want to miss! 

            Call today! 888.503.3117 

             

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              Spring is Here! San Diego is Blooming… 

              And the Housing Market is BOOMING!!!

              It’s finally Spring in San Diego! I don’t know about you, but this change has me saying “Hallelujah!” …With our days already longer, beach weather just around the corner & seeing all these beautiful flower fields here coming into full bloom… what’s not to love??

              Unfortunately that question isn’t a rhetorical one to local real estate professionals here…

              While living in San Diego has its many obvious perks, our housing market is still a bit of a problem patch… and concerns are mounting as we see this problem starting to grow like a weed…

              The general consensus is set to the same broken record you’ve been hearing here month after month… low inventory, fewer home sales and home prices still in a steady climb… Nothing new there. Now as we turn the corner on winter and spring into warmer months here in San Diego, it’s easy to see why everyone wants to live here… unfortunately the housing demand for our area is higher than the national average, so you can follow the dominoes to see how the growing gap between buyers and homes available brings us into more competitive buying conditions with more aggressive bidding, and thus higher sales being recorded in recent closed sales. We are still seeing this correlated market change continue across all of San Diego county.

              It’s no secret that in any sellers’ market, home buyers get the short end of the stick.. and with mortgage rates now starting to rise as well, now more than ever this ‘hot’ sellers market seems to be really stoking the fire under buyers to hurry and buy now.. before it’s too late!

              According to the Mortgage Bankers Association, the average rate for a 30-year fixed with 20% down payment is up to 4.5-4.6% (highest since 2014). While this isn’t any cause for worry to all those experienced and savvy in real estate, this rise brings quite a significant hurdle in terms of affordability for many potential first-time home buyers. With both factors now in play as we round the corner into spring and our “home buying season”, we believe we will soon see a more stable market here soon.

              Basically, this ‘hot’ sellers’ market that has been stoking the fire under home buyers will likely cool to a simmer here soon. 

              Here’s the stats we are seeing from last month:
              Buyers Advice: 
               
              While the stats may sound a bit discouraging for buyers, especially first-time buyers looking now… Remember: “We Got This”! It’s a competitive market for buyers now, yes..but it’s just like anything else. If you learn the game, practice and play to win, then when game day rolls around, you’re sure to bring your A-game! (..and if you also have an All-Star team ready to bat for you, who wouldn’t bet on you to win??
               
              But in all seriousness, we are about to roll into spring “home-buying” market here and already starting to see an uptick in homes for sale (meaning more opportunities & more options for you to buy)! So whether you’re just out of practice or a first-timer new to the game, it’s pre-season and you need to get ready! Get back in the game now – find yourself a Realtor who will work for your best interests – start there now. Let them be your coach and help you get in the game now… with many more options coming to market here soon, be ready to bring your A-game!  Contact the All-Star team here
               

              SOLD!! $18K OVER Appraised Value! / SOLD “As Is” / Highest Sale in Neighborhood…all in just 3 DAYS! Another *Hands-Free* Selling Success Story!!! our proven selling system delivers your best results, faster than all the other guys.. and we do it all, you don’t have to lift a finger!  Learn about our superior selling services here!

              Sellers Advice: 
               
              Yes, a lot of homes are selling fast, however we are still seeing poorly prepped homes sit on the market with horrible marketing efforts usually causing them to sell for much less than they should have. We see so many sellers drawn to these discount brokers or flat-fee services [*cough* Redfin *cough*]… unfortunately with discount fees comes cut-corners, confusing unpersonalized service and all the hassles of sitting on the market for much longer periods of time.. that means constantly maintaining a ‘show ready’ home, having to leave at a moments notice for constant showings… and if the home finally does sell, you have rookie agents you’ve never met doing the negotiating on your behalf…in a nutshell, homes are selling for much less than should with discount selling services.
               
              Our team instead believes in going the extra mile for our clients – with our Hands-Free Selling system, we hire our interior designer to create a game plan to maximize the selling potential by staging what you are currently working with. We also offer a decluttering/packing service, staging, cleaning & more.. coupled with our advanced marketing strategies and expertise selling local real estate in your area.. we offer a proven system to deliver our clients more money in a shorter amount of time. We will even compete with other agency rates! For your best possible results in your home sale, Contact Us Today!
               
               
               

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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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                  JUST LISTED! • Pristine Cul-de-sac Home  • SAN ELIJO HILLS!

                  941 Avalon Way, San Marcos, CA 92078

                  $724,900

                  3 Bedrooms  Great Schools, Community, Walkability!
                  2.5 Bathrooms  San Elijo Hills
                  1992 sq.ft.  Cul-de-sac with Private Backyard!

                   

                  This home is your chance to get in to one of the most highly sought-after neighborhoods in San Diego county! San Elijo Hills in San Marcos offers an elite family-friendly community. Featuring excellent schools, community parks & dog parks, and great walkability to shops & restaurants… don’t miss your chance!

                  Well-maintained 3 bedroom, 2.5 bathroom home offers gorgeous wood tiles, new carpet, new paint, updated bathrooms, walk-in closets, jetted tub in master bath and wonderful large open loft space upstairs (optional 4th bedroom)! This home is located on a private cul-de-sac with large backyard… and is move-in ready!

                  Contact joseph@arendsengroup.com or Call today for your private tour!  888.503.3117

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                    • COMING SOON!  •  GREAT BUYER OPPORTUNITY! •

                     

                    5700 Baltimore Drive, #28, La Mesa, CA 91942

                    $335,000

                    2 Bedrooms Private Patio/Balcony
                    1.5 Bathrooms Built 1976; Fully Updated
                    1068 sq.ft. Great Community/Amenities

                    This is a beautiful fully updated condo in an amazing community with so much to offer! This home has tile floors throughout downstairs, nice wood floors throughout upstairs, granite countertops, stainless steel appliances, top of the line energy efficient windows, crown molding, recessed lighting and much more! The unit comes with 1 parking spot (Additional space $50/mo) and a private balcony. The community offers 5 pools, 2 fitness rooms, 2 tennis courts, a basketball court, and access to Lake Murray. This unit won’t last!

                    This one will Sell Fast~ Don’t miss out!

                    Call us today!   888.503.3117

                    Condo Features:

                    • Private Patio/Balcony
                    • Spacious Floor Plan
                    • Central AC/Heater
                    • Granite Countertops
                    • Stainless-Steel Appliances (Fridge, Range/Oven, Built-in Microwave, Dishwasher)
                    • Top-of-the-Line, Energy-Efficient Simonton Windows
                    • Tile and Laminate Floors
                    • Recessed Lighting
                    • Crown Molding
                    • Walk-in Closets in Bedrooms
                    • Linen Closet
                    • Ceiling Fans
                    • Vertical Blinds
                    • Cable-Ready
                    Community Features:

                    • Park-like Setting
                    • Ponds with Fountains
                    • Clubhouse
                    • 5 Pools, 4 spas  
                    • 2 Tennis Courts
                    • 1/2 Basketball Court
                    • Saunas
                    • Workout Rooms
                    • Car Wash
                    • Controlled Access
                    • 24-hour Courtesy Patrol
                    • Assigned Parking
                    • Guest Parking
                    • Well-Maintained Grounds
                    • Laundry on Site
                    • Steps Away from Lake Murray

                     

                    Contact us for more information, or schedule your private tour!

                    This one will Sell Fast~ Don’t miss out!

                    Call us today!   888.503.3117

                     

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