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I walked through an incredible home today that any North San Diego Coastal ocean front home buyer should consider looking at. Located on Ocean Street in Carlsbad, this property is both flexible and stunning. Completed in 2009- seven years in the making, it offers ocean front home buyers the opportunity to buy both portions of a duplex which could easily be adjusted to become one large ocean front home: A total of 6 bedrooms, 8736 square feet, two elevators, dazzling view decks, space for 5 cars all with top quality materials used throughout. This option is $9,800,000.

The other option is to purchase one of the units individually: Option 2- 4787 square feet, 3 bedroom 4.5 baths for $5,800,000 or Option 3- 3  bedroom plus optional room, 3949 square feet for $5,400,000: Check it out here: Ocean Street in Carlsbad Ca. Priced at $1122 per foot on the ocean is an incredible price, especially for a home of this quality.

For those of you looking for a more modest home in North San Diego coastal areas, here are 17 properties you may want to consider. Included are $184,000 La Costa Resort area condo, a Cardiff by the Sea condo located walking distance to the beach across from a picturesque park, a Del Mar beach colony home one block to the beach for under $2.5 million, an Aviara panoramic golf view home with over 3200 sq ft and a pool for only $899,000, or if you are looking for spectacular ocean views you may want to check out the 3 bedroom,  white water view Solana Beach townhome for $750,000. Check out all 17 homes (use blue arrow at top to scroll through) here is the link: 17 North San Diego Coastal Hot Properties.

Call me direct at (760) 602-1000 or email Loren@coastalhomefinder.com to see any of these homes.

Today is the 4^th of July, the day we celebrate the birth of our nation. In thinking about this day, my mind drifts to all the struggles our country has pushed through over the years and where we are today. Starting July 4, 1776 when America declared its independence from England to 1860 when states began to secede to form the Confederate States to present day, freedom has comes at a cost and there are always challenges.  

History is a funny thing. We sometimes learn from it but often times forget hard learned lessons when life offers too many gifts, fortune and times remain good for too long.  People, companies and countries can lack the humbleness required to continue growing in a healthy way.

It seems we are at another crossroads in our country and this time it comes when the industry I have been a part of for almost half of my life faces challenges and change as well. The questions are many but in my opinion the enemy is almost certainly within.

My dad used to tell me average was simply the best of the worst and the worst of the best. The real estate industry during the past decade leading up to the mortgage and real estate crisis skated by with low expectations from consumers and lower expectations from ourselves as a profession. I have thought about this lately, talked about it on a radio show with other professionals and have come to a simple conclusion; I must continue to raise my own standards of service and dedication to those I am fortunate enough to work with and for.

A person I greatly respect mentioned going to a surf shop today and they noticed a bumper sticker saying simply "Begin Within". In a world where most bumper stickers, shirts and people are trying to tell us what we should be doing or thinking, Begin Within sounds like a good plan for me. Instead of blaming others for the economy or politics or the real estate market's challenges I think it is time to sweep my side of the street first.

Even with all the battles we face in the real estate industry and in our country, I believe our best days are ahead of us. Opportunity is always there during difficult times. I think the only thing that could stop my profession or my country is the enemy within.

July 4, 2010, a day of freedom, is a great day to use that freedom to give to those I am really blessed to spend my life with. Happy Birthday U.S.A.

Two last things, I would welcome the opportunity to hear what you think. Feel free to comment below and as always I would appreciate the opportunity to earn your business if you are looking for real estate service in any of our beautiful North San Diego Coastal communities.

Email Loren@coastalhomefinder.com or Call (760) 602-1000.

 Real 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 Growing Shadow....

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