TAG | New home for sale

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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    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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        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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          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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                GRAND OPEN HOUSE!  ~ Join us this Saturday, February 3rd, at 11am – 2pm!

                 

                 

                1679 Glen Hollow Court, Encinitas, CA 92024

                Asking Price $949,900

                New Listing – Just Listed FOR SALE in Village Park, Encinitas!

                 3 Bedrooms 2 -Car Attached Garage 
                 2.5 Bathrooms Large ‘Remastered’  Backyard
                 1857 sq.ft.  Low HOA / No Mello-Roos!

                Find your perfect family home nestled here on a quiet cul-de-sac corner lot in the highly desired neighborhood of Village Park, Encinitas!

                This impressive 3 bed, 2.5 bath home offers energy efficient, comfortable living space with vaulted ceilings, recessed lighting & ample natural light flowing with ease through 1857 sq.ft. of spacious living.

                Fully refreshed inside & out, this beautifully remodeled home includes several recent upgrades; features include: brand new bathrooms, new master bath/spa;new hardwood flooring, new AC/furnace, solar installed ($0 owed!) & all new windows throughout! Don’t forget about this spectacular  backyard! Large fan-shaped backyard is entirely enclosed with privacy fence & now fully remastered! You won’t believe how incredible it looks now…

                Located on a large corner lot at the end of this double cul-de-sac with backyard fully enclosed with privacy fence provides your at-home retreat! Spacious fan-shaped backyard with lush greenery, mature gardens & fruit trees artfully landscaped throughout for your at-home oasis!  Remastered backyard features beautiful stone tiled patio space with wrap-around back patio, now complete with stone fire pit & full outdoor kitchen / bbq area – Perfect space for entertaining!

                Located in the highly desired Encinitas neighborhood of Village Park, this ideal family home is truly a rare find on today’s market! Close to excellent schools. Family-Friendly community with included amenities such as; tennis courts, walking trails, swimming pools, community parks, playgrounds, clubhouse & spa. 

                 

                This a rare find – Will not last long! – Don’t miss out! 

                 Contact us below!

                *
                For instant updates, Open Houses, full listing details & to view photo gallery & virtual tour…

                Text “TAG1” to 760.209.8333  ~ See more info, Instantly!

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                  It’s a New Year, New You!

                  … & a New Housing Market, too??

                   
                  For the entirety of 2017, we were starting to feel like a broken record here…”Housing supply low.. Home values rising..” month after month.
                   
                  It’s no news to our readers here that the supply numbers across San Diego have been consistently low compared to years past, but FINALLY we experts agree that there could be a new story change coming soon to this tired market report. With housing prices consistently up across all markets, we should see more confident sellers bring up the listing activity in 2018. Also with this new tax reform, home purchasers will only be allowed to write off the interest paid o a loan up to $750,000 compared to the previous $1M. This could bring a slight decline in buyer activity this year for the higher end homes or investment buyers.

                   
                  Here are those nitty gritty numbers to back that up:
                   

                  Bottom line, all signs point to a brighter, more stable market coming soon to San Diego. Onwards ‘n’ upwards, folks! 

                   
                  Buyers Advice: 
                  The holidays can often bring on a ‘market slow-down’ – this supply dip can discourage buyers when there are fewer new listings to be seen hitting the market. But remember, it’s only temporary! After all gets back in full swing, we tend to see inventory levels pick up again.. and now in week 3 of January 2018, sure enough it has! Local inventory has already gone up, and we will continue to see more homes and buying opportunities hit the market here soon.
                   
                  If you have been actively on the search for that perfect new place to buy… Don’t give up!! Keep at it – inventory numbers will rise and would be advantageous for you to get locked into a lower mortgage rate now rather than missing your chance! 
                   

                  **Pro Tip: For your best home buying results, contact an experienced agent and employ for your most knowledgable search resource and real estate advocate. 

                   

                   

                  Sellers Advice: 
                  It’s a new year! What does 2018 have in store for you? Be it a year destined for you to fill with adventure, self-improvement or success…you should consider selling your home!
                   
                  If you’re rolling your eyes, just hear me out! Yes, I am a realtor so this may seem biased – but my team are an advisory-based practice for local real estate. That means we are honest advisors to advocate and explore our clients’ best interest. For that reason I find it my job to make all my local homeowners aware of this potential *gold strike* opportunity they could have in this present market..
                   
                  If you want to make this 2018 your best year yet, then I strongly urge you to pick up the phone. This sellers’ mark
                  et has become like a perfect storm for optimal home-sale results here in San Diego – selling your home now could very well be your *golden ticket* to make 2018 a year for fulfilling your dreams! 
                   
                  Start today – Make this your best year yet!  – Call 888.503.3117

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                    NEW Luxury Townhomes at Sombrilla!

                    311 South Myers St., Unit 2

                    Oceanside, CA 92054

                    Have it all! Modern design & scenic ocean views from this luxury townhouse at Sombrilla! Thoughtful architectural design and top of the line interior finishes set this home apart from anything else this close to the beach. This impressive 2+ bedroom, 2.5 bath townhome is a tribute to modern excellence through stunning design, luxurious finishes and captivating views. 

                    You’ll enjoy spacious living inside its 3 levels of sleek hardwood floors with natural lighting flowing in abundance through the skylights and magnificent floor-to-ceiling windows, plus a flexible open loft space that could be an optional 3rd bedroom.

                    Top floor master suite extends over an entire floor complete with exquisite master bath, custom walk-in closets, and 2 large outdoor patios – featuring picturesque white water ocean & pier views!

                    Open the large patio doors to welcome in calming/cool ocean breezes into your master suite. Fall into a deep, restful sleep by the peaceful lull of ocean sounds, and in the coolness of the ocean breeze..

                    Located only steps away from San Diego’s finest beach – you’ll love coming home to this luxury Oceanside oasis! Get into an amazing luxury home in a great location while you can!

                    Want to see more? Call Joseph – (888) 503-3117

                    Oceanside is currently a great beachside community with gorgeous white sand beaches. You can’t get this beachside experience or investment value anywhere else in San Diego – and with several town projects currently in motion to revitalize the area, you won’t be able to get a property of this caliber for this low price again. This property is only steps to the sand in a great & up-and-coming area; truly a value investment property that will only appreciate over time! Get in now for a truly luxurious property for an unbelievable value!

                    Call Joseph – (888) 503-3117

                     

                     

                     

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