Leave a comment » North San Diego Coastal Real Estate`North San Diego Coastal Real Estate Trends
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Posted on June 24, 2010 00:43:11
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 Loren D. SandersSubscribe to receive Comments via RSS Feed from our site. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leave a comment » Real Estate Numbers.. how do you add em up?North San Diego Coastal Real EstateReal Estate Numbers in San Diego There are a ton of data points, snapshots of where the real estate market is...or maybe better put, was. Incredible tools that offer bits of insight and nuggets of knowledge about your local housing market. In North San Diego Coastal housing alone there are multiple layers, and in some of these housing sub-markets just miles from each other, even within the same zip code things can go from a buyers market to a sellers market. So how does a person know what is truly happening? What is likely to happen next and how to make sense of all the stats, charts, stories and general noise that takes place. Some of the important numbers are the Month's Supply of Inventory, Average Market Time, Pending Inventory, Median Price and Average Price. The interesting thing about any these figures, just knowing the number does not offer much insight or benefit. Here are some housing stat's from North San Diego Coastal zip codes, year over year price percentage change in median home prices May 2009 vs. May 2010: Carlsbad 92009- 0% Carlsbad 92011 - up 10%, Carlsbad 92008-up 30%, Carlsbad 92010- up 6%, Rancho Santa Fe 92067- Down 42%, Del Mar 92014- down 20%, Oceanside 92054-up 32%, Encinitas 92024- down 9% & just south in Cardiff by the Sea 92007- up 31%. So what do these numbers tell us? In my opinion alone the numbers tell you very little, whether you are buying or selling a home in San Diego. Obviously, the numbers above do not mean a home you purchased last May in Rancho Santa Fe California for $2,000,000 is now worth $1,160,000. Gathering housing stats is easy to do on your own with the increasing number of sites catering to real estate. I study homes and prices daily. I run across some very bright people with incredible data services bouncing around the internet . I also run into some real estate agents that could not tell you what Median Price means or how many months supply of inventory a given area has, or that perhaps the jump in median price is not because the prices are up in a significant manner, it could simply mean that there are a larger percentage of distress sales at the upper end so there is a skew in the market in that location. There are always interesting questions like what is happening in Rancho Santa Fe right now what would cause year over year median price to be off 42%? ( according to figures released in June, 2010 Homedex)
The other thing catching my attention is the big bad shadow inventory. The only thing that is going to force the banks to let loose an inventory in a large way is if they were forced to. The opposite is happening right now with the current administration doing what it can to play out the loan modification, short sale process with a vast number of people under water and or behind on mortgage payments. If you have short sale or loan modification questions check this link out. In California the latest news on this front came out saying that Notice of Defaults are down 43% year over year for May 2010. A stunning figure is the 141% increase in foreclosure sale cancellations. If this is of interest to you check out the report here. Also here is the latest North San Diego County Report, Homedex. Thanks for reading this post, if you would like a detailed report on your North San Diego zip code just shoot me an email Loren@CoastalHomeFinder.com. If I can help you find your next home or sell your home I would be honored. Call me today at (760) 602-1000
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Posted on June 16, 2010 15:44:43
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Leave a comment » North San Diego County Real Estate Community Opportunity to Give BackNorth San Diego County Real Estate Windermere Community Service Day
Since 1984, Windermere Real Estate associates have taken a day off to get involved in their communities. Over 400 Windermere offices with more than 8000 agents participating across 10 Western States will gather for a daylong event. One of the things that drew me to Windermere Exclusive Properties was the fact that our owners believed in community service, as I do. We sell homes but really it is all about the people. I am looking forward to participating and invite all my clients and friends to join us. Email me at Loren@Coastalhomefinder.com or Call 760-602-1000 for more info on the event, also there is a link below with additional information. Friday, June 18, 2010 marks the 27th Annual Community Service Day for Windermere Real Estate. "Each year we close our offices for the day and all agents, owners, and staff go out and give back to our community. This year, our offices will be hosting an outdoor Community Service Fair at The Church at Rancho Bernardo to coincide with Windermere's national efforts", announced Mark Loscher, CEO/Owner of Windermere Exclusive Properties. We can always use extra hands, Click to see our Community Service Day Site Here
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Posted on June 08, 2010 15:29:42
Posted in About, San Diego Coastal Homes and Neighborhoods Posted by:
Loren D. SandersSubscribe to receive Comments via RSS Feed from our site. |
Leave a comment » North San Diego Coastal Real Estate Update May 2010North San Diego Coastal Real Estate Market Update
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Posted on June 03, 2010 14:16:29
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