Coastalhomefinder.com

The median price for all North County home sales - attached and detached - decreased 1.35% in

November 2009 from October 2009, to $370,000. 

Detached homes in North County rose 1.45 percent, from October 2009 to November

2009, from $430,000 to $436,250. Detached home prices OUTSIDE North County decreased 1.4%

from October 2009 to November 2009, from $355,000 to $349,900. 

The countywide median price of homes sold decreased from $380,000 in October 2009

to $378,950 in November 2009 and was up 11.62% from the November 2008 number.

 

The median price OUTSIDE North County for single-family homes rose 7.66 percent from the

$325,000 a year ago.

Attached home prices in North County increased during November 2009 by 5.54%,

from $239,250 a month earlier to $252,500.

Non-North County attached home prices increased 2.44% in November 2009; from

$205,000 to $210,000.

North County attached homes increased 40.28% from $180,000 a year ago.

Median days-on-market for single-family detached homes in North County remained at

35 days in November 2009. The number of North County single-family homes sold fell 18.13% last

month, from 772 to 632. There was a year-to-year increase of 9.15% for home sales in November 2009 compared to November 2008

For several months, the California and local housing markets have been experiencing a

sales rebound as a result of low interest rates, a continuing supply of distressed

properties coming to market, and a continuing reduction in the fear factor on the part of

prospective homebuyers.

Sales of new homes are down significantly because home-building activity has

all but stopped completely.

Meanwhile, 2010 will see a steady stream of sales of resale homes, driven by

distressed properties at the low end of the market, coupled with moderate homeprice

appreciation.

The statewide median-home price is expected to rise 3.3 percent in 2010 over this year, distressed

properties expected to account for nearly one-third of the sales in 2010,inventory will be relatively lean.

Expect interest rates to climb next year from about 5.2 percent to 5.7 percent on average.

While demand from first-time buyers and low-end properties will continue throughout

next year, sales could be impacted if discretionary sellers do not return to the market by

the second-half of the year. 

The wild cards for 2010 include foreclosures, loan modifications, the labor

market, the worsening state budget crisis, and the actions of the federal

government.

Information From North San Diego County Association of Realtros HomeDex tm

See Bargain North San Diego Coastal Homes Here

 

http://www.coastalhomefinder.com/00A4CE

A Carlsbad Community Event See Gary Vaynerchuk Live

Gary Vaynerchuk is going to be at the Carlsbad Library on Dove Wednesday November 4^th from 5:00pm to 6:30pm to discuss his new book Crush It!

In August I was fortunate to see Gary speak and was immediately taken by his massive amount of energy and no nonsense approach to having a more impactful life through following your passion. He has written a great new book Crush It! We will have a bunch of copies on hand; in fact, the first 100 people that show up will get one for free.

 Gary has made television appearances on Late Night with Conan O'Brien, Ellen DeGeneres, NBC's Today Show, CNBC's Mad Money with Jim Cramer, and The Big Idea with Donny Deutsch, was featured in the New York Times, Wall Street Journal, USA Today, and has become a consultant for Fortune 100 companies, and a keynote speaker around the world.

This is not the kind of opportunity that comes around often. Come see a true phenomenon in the new media arena. It will be an incredible time.

RSVP by Email at Loren@Coastalhomefinder.com or call 760-602-1000. I hope you can come we would love to have you...and hey, invite a friend they will be glad you brought them.

Here is a sneak peak. I look forward to seeing you there...

 

 

http://www.coastalhomefinder.com/009F6C

As I think back this morning about 9/11 and where I was, it occurs to me that like many of us in America, the memory is vivid to this day. My family and my life changed but nowhere close to the unimaginable reality of having a family member, friend or colleague counted among those who's life was ended on that morning of September 11, 2001. My thoughts and prayers go out to each of these people today, your strength in the aftermath is a testament to the spirit that is so much part of the fabric of our country. To those that responded to the tragedy, God bless you and your family as well, your heart and professionalism under extreme circumstances was, and still is an inspiration.

My little girl was asleep on my shoulder and my wife and son safely sleeping in their beds, while I was sitting watching CNBC, stunned as I realized what was going on. May I keep that memory alive with my family, to honor those who lost so much and respect for those who responded to the ultimate call for help. And finally those men and women who serve in our military, thank you for your service. September 11, 2001 from space

 

 

 

http://www.coastalhomefinder.com/009CA5

 

Have you ever been in line at a store and discovered while you were at the cash register ready to buy something that you left your wallet at home? Now you are down to the cash in your pocket. I had one of these experiences just today and fortunately I had my checkbook in the car. So it all ended well at Albertsons this time.  

This got me thinking about the Jumbo Loan Market and sluggish upper end real estate sales in San Diego. The jumbo loan market has been in turmoil and higher priced homes have been slow to recover with many locations still going down. Many well to do buyers, with good credit, have likely been dragging their feet because of the high premium they have to pay over conforming mortgage loan rates (loans over $697,000 in San Diego County). The other issue with many entrepreneurs and retired people is, they were in line to buy a home, they were putting down 20, 30 or 40% and they were given rates that made them think twice or the rules changed while they were trying to get a loan and they just decided to forget about it all together. There is no doubt this is having an impact on the higher price ranges throughout San Diego and around the country. To be sure there are many of these folks that could pay cash for a home and that is exactly what many of them do, but the funny thing is...when we are paying cash for large items many times we lower the price of what we are buying because we take a deeper look at what we really need versus what we may want or can afford on a monthly basis. Many industries would be devastated if they were reduced to cash only sales.

The good news is that lenders are wading back into the jumbo loan market right now and while 30 year fixed loan rates still are not great there are some pretty darn good jumbo 5/1 ARM and 7/1 ARM loans in the 5% range.

The second bit of great news for those folks looking to buy a higher priced home there is an abundance of inventory to choose from in many locations which means there are going to be some very good deals had in the upper end in the next year. Lower priced homes have bottomed and are experiencing multiple offers in many coastal North San Diego neighborhoods. So if you are looking there you better be ready for action.

We have many great tools to help you find the right home and get a sense of what is happening real time where you want to live or are selling a home. If you want to know what exactly is happening in Carlsbad right now in the 1.2 million to 1.6 million range, or if you want to see how many months supply of homes there is for 5+ bedroom homes in Encinitas we specifically tailor a report to exactly what you are looking for. Get your snapshot reports that give you 8 data points, or pictures of your specific area of interest in the real estate market.  Search for homes on your iPhone or other mobile device too.

Million Dollar Plus in Carlsbad

We are here to serve and would be honored answer any of your real estate questions. Email Loren@Coastalhomefinder.com or call (760) 602-1000.

Below is the chart for months supply of inventory of 5+ bedroom homes in Encinitas over the past year, the months supply of inventory is down but it still sits at 10 months supply which is in the "Buyers Market" territory.

http://www.coastalhomefinder.com/009BDE

Loren is from your neighborhood. Working with an agent who knows your community can be vital to the success of your transaction. With years of personal and business interaction in the area, Loren has gained an in-depth understanding of the many factors affecting real estate transactions in the North Coastal Communities of San Diego he serves.

+ Over 20 years of experience
+ Experienced and skilled negotiator
+ In-depth and active community member
+ Detail oriented, trustworthy and committed to excellence
+ Extensive background in innovative and proven methods of marketing homes
+ Good rapport with lenders, appraisers and all other people involved with buying and selling real estate
+ Comprehensive knowledge of neighborhood marketing conditions
+ Totally committed to making your real estate experience first-class
+ Consistent Top Producer:Most recently Top 10 at Windermere Exclusive Properties offices for 2008 (over 250 agents)

"Loren provides excellent service. We have used him to buy and sell 6 properties. His constant communication with us was most valuable. When communicating, Loren treated us as if we were his only clients. We absolutely would recommend Loren to friends, relatives and colleagues."
Tim and Gail Groth

Loren will go the extra mile to make your transaction as smooth and efficient as possible.

Windermer Exclusive Properties
WINDERMERE: HUMBLE ROOTS...BIG VISION

"Windermere has always emphasized professionalism. Our associates are the primary component to our success and growth. We've worked very hard over the years to build our reputation as a company whose representatives are fair, honest, knowledgeable and genuinely care about their communities."
Geoff Wood, Chief Executive Officer, Windermere Real Estate

When John Jacobi founded Windermere Real Estate in 1972, he had a vision for the way real estate should be handled: Anticipate and respond to the real estate needs of buyers and sellers, and support the communities you serve. What he didn't know is that he would also significantly change the way real estate is practiced. This began with the purchase of an eight-agent office in the Seattle neighborhood of Windermere. The company has grown exponentially each year since, setting the benchmark for the practice of real estate nationwide.

Windermere pioneered an aggressive commission structure, offering unique agent benefits and was the first to have a searchable database of homes on its website.

Because of these innovations and paradigm shifts, Windermere has grown to become the leading real estate company in the West, building on its commitments to professionalism, integrity and service to the communities of which it is a part. The Windermere network now has more than 290 offices serving communities in Arizona, British Columbia, California, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington and Wyoming.

The Realty Alliance and REAL Trends, two leading industry organizations, have recognized Windermere Real Estate as the top regional real estate firm in the United States.

Hire the best people. Give them the best tools. Create a professional approach.

This founding philosophy of Windermere has been implemented through the introduction of new programs that have set industry standards which have given agents the knowledge they need to meet the needs of buyers and sellers.

The Best People
Windermere's sales force is the company's greatest asset. Windermere's associates include experts in all areas of real estate. While residential real estate is the mainstay of its business, Windermere also has offices and associates who specialize in new construction, commercial real estate, relocation and property management. To further facilitate the home buying process, Windermere has affiliated resources in certain regions to provide mortgage, title and escrow services.

The Best Tools
Windermere's structure allows offices to operate independently while retaining the benefits of being associated with a respected brand. Benefits such as advertising buying power, agent benefits and powerful technology tools. At the same time, agents are intimately familiar with their local communities, allowing them to provide knowledgeable and high-caliber real estate services tailored to the client's needs.

As part of the Windermere network, agents may also take advantage of a variety of programs and innovative services including technology, marketing and education that they can put to work in their local market. These innovative tools allow them to serve home buyers and home sellers in a way that is unique to Windermere.

Community Commitment
Supporting the communities Windermere serves has been a core element of the company's formation and growth. As a company born and raised in the Puget Sound region of Washington state, Windermere sponsors the annual Windermere Cup Regatta, which is a premier rowing regatta featuring teams from around the globe. Windermere also sponsors similar community events in other regions, including the Windermere Collegiate Crew Classic in partnership with Stanford University.

Windermere Foundation: Since finding homes for people is Windermere's business, fighting homelessness is a natural fit for the Windermere Foundation. Through the creation of the Windermere Foundation in 1989, Windermere provides housing and services for homeless and low-income families throughout the West by funding nonprofit organizations dedicated to the same cause. Every time an agent completes a transaction, a donation is made to the Foundation, and Windermere agents and employees also contribute to the fund individually.

Community Service Day: Windermere's 8,000 agents in its offices around the West spend one day each year away from the office to participate in the annual Windermere Community Service Day. The agents decide on a community-based project, and provide hands-on assistance for the day
 
 

http://www.coastalhomefinder.com/0097CE