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San Diego Luxury Real Estate Market Update

Aspiring buyers should take advantage of the lower prices and mortgages rates. Plenty of homes are in the market and there are numerous of very motivated buyers that are easy to deal with.

Although there has been an increase in recent luxury home sales, there were some obvious trends in today's San Diego real estate market that affect both pricing and sales. Here are some precise data from the current market place provided by Altos Research LLC.

For sellers, the great opportunity to sell with low interest rates and the seasonally active marketplace will be on the coming months. However, the level of listed luxury home in the market is higher than the qualified buyers, which will be resulted to unsold properties. Since the luxury market is soft, most of the pending Rancho Santa Fe, Del Mar, Coronado and La Jolla homes sold have been priced very aggressively or have had considerable reduction of price before the pending date. Therefore, selling a real estate property in this current market required aggressive pricing, wiser marketing strategies, and considerable presentation of value.

Click Here: View All San Diego Coastal Homes for Sale!

When it comes to median prices, Santa Fe exhibits the highest downward trend, while the other markets have shown to be a quite more stable. Considering the recent sales in this area, it has become obvious that lots of low-priced bank-owned or distressed sales have actualized softness in this upper-tier market.

The good news is that there is actually a downward trend on the average days on the market, which signifies an obvious increase in demand. Still, the average amount of days on the market remains hardly about 200 days or more, which indicates that active buyers are being careful and watchful.

For those who are looking to sell a San Diego real estate property, the best month to look for are June, July, and August because the market will stabilized towards the end of the year and interest rates are likely to increase.

Aspiring buyers on the other hand, should take advantage of the lower prices and mortgages rates. Plenty of homes are in the market and there are numerous of very motivated buyers that are easy to deal with.



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Posted on June 10, 2010 15:56:27 by Middleton and Associates
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San Diego County Real Estate Market Update for February 2010

Sales Report (Comparative Market Analysis February 2009 and February 2010)

San Diego County Single Family Homes Sales

 

  • There were a total of 1,274 sold listings in February which is 9.639 percent high from January and 5.138 percent low for the same month last year.
  • The median sales price for the San Diego County was $370,000 which is 1.640 percent improvement from the previous month or 10.440 percent from the previous year.
  • With an average sales price of $480,962, there was a significant increase of 21.291 percent last year with 74 average days on the market.

 

San Diego County Condominiums/Townhomes Sales

 

  • Total of 708 attached listings were sold in February which is a 6.626 percent growth from the same month last year but -3.673 percent from the prior month.
  • Median sales price were $215,000 which is 2.38 percent increase from the prior month and 16.21 percent increase last year.
  • Average sales price was $257,687 that is 8.213 percent above the last year's sales level with 76 average days on the market.


| View All North Pacific Beach Listings for Sale | View All Pacific Beach Listings for Sale |

| View All Mission Beach Listings for Sale | View All Crown Point Listings for Sale |

| View All La Jolla Farms Listings for Sale | View All La Jolla Shores Listings for Sale |

| View All Beach Barber Track Listings for Sale | View All Hermosa Listings for Sale |

| View All La Jolla Village Listings for Sale | View All Bird Rock Listings for Sale |



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Posted on March 29, 2010 12:14:01 by Middleton and Associates
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San Diego County Real Estate Market Inventory

Quick Updates to Look For



  • Inventory for San Diego County, CA

The San Diego real estate market inventory levels have been mostly flat since July of 2009. This covers both single family and attached units for a period of 1 year with a 90 day average.

  • How's the San Diego County Real Estate Market Now?

According to Altos Research, the market active index has been trending upward since Mid-February of 2009 from a low of 14.5 for single family homes and 13.5 for attached homes to over 20 and 22 respectively.

  • Active Days on the Market for San Diego County, CA

The most expensive San Diego County real estate is taking an average of over 150 days to sell, while the lowest priced homes are only fewer than 100 or approximately 1/3 less market time.

There are currently 18,302 listings in San Diego County:

Click Here: View All North County Coastal Listings

Aviara | Carlsbad East | Carlsbad South| East Del Mar| Cardiff by The Sea | Carmel Valley | Del Mar | Encinitas | Leucadia | Oceanside | Olivenhain | Rancho Santa Fe | Solana Beach |

Click Here: View All North County Inland Listings

East Escondido | Elfin Forest | Escondido | Hemet | Lake San Marcos | Moreno Valley | Murrieta | North Escondido | Pala | Perris | Riverside | Sabre Spring | San Jacinto | San Luis Ray | Santaluz | SD Country Estates | South Escondido | Southeast Escondido | Southwest Escondido | Sun City | Torrey Highlands | Winchester | Bonsall | Borrego | Fallbrook | Jamul | Julian | Lake Elsinore | Menifee | Mira Mesa | Murrieta | Palomar Mountain | Pauma Valley | Poway | Ranchita | Rancho Bernardo | Rancho Penasquitos | San Marcos | Santa Ysabel | Scripps Ranch | Temecula | Valley Center | Vista | Warner Springs | Wildomar |

Click Here: View All Central San Diego Coastal Listings

Coronado Village | Crown Point | Middletown | Mission Beach | pacific Beach | South SD | Clairemont | La Jolla | Ocean Beach | Point Loma | Sorrento Valley | University City |

Click Here: View All Central San Diego Listings

Carmel Mountain Ranch | east San Diego | Kearny Mesa | Serra Mesa | Talmadge | College Grove | Coronado | Del Cerro | Downtown | Encanto | Golden Hill | Hillcrest/Mission Hills | Linda Vista | Logan Heights | Mission Valley | Mission Village | Normal Heights | North Park | Old Town San Diego | Point Loma | San Carlos | Tierrasanta |

Click Here: View All South Bay Listings

Bonita | Chula Vista | Coronado | Imperial Beach | National City | Nestor | Otay Mesa | Paradise Hills | San Ysidro |

Click Here: View All East County Listings

Kensington | Mount Helix | Potrero | Rancho San Diego | University Heights | Alpine | Boulevard | Campo | Descanso | Dulzura | El Cajon | Guatay | Jacumba | Jamul | Julian | La Mesa | Lakeside | Lemon Grove | Mount Laguna | Pine Valley | Santee | Spring Valley/Rancho San Diego | Tecate |



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Posted on March 24, 2010 15:08:12 by Middleton and Associates
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Unique La Jolla Coastal Home for Sale Already Sold for $1,836,000

Unique La Coastal Home for Sale Already Sold for $1,836,000

Unique La Coastal Home for Sale Already Sold for $1,836,000

A unique and well maintained La Jolla Coastal home is located on a large flat lot with the best south view in La Jolla. This is a rare to find property in a fabulous cul-de-sac of Palisades boasting a panoramic 200 degree views from the mountains to the ocean!

 

Click Here: View All La Jolla Homes for sale!

 

There is an over 3,000 square feet living space which includes 4 bedrooms, 3.5 baths, a family room and a living room with a fireplace.  A single story home to protect the beautiful views which makes for a great "no stairs" lifestyle.

 

The stucco exterior adds an interest and durability to this La Jolla Coastal home. It has a slab patio and 4 parking spaces. This is indeed a luxurious property in a perfect location, view and lot size for the homeowners forever dream home!

 

La Jolla Coastal real estate properties in this area enjoy 24 hour views that are lovely at night and day. Plus the community of Pacific Beach for shopping and dining is just within a stone's throw!

 



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Posted on March 15, 2010 12:51:50 by Middleton and Associates
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Recession House Hunter Tips!

Buyers have an opportunity to buy cheap houses during low real estate sales. One must grab the opportunity but still show restraint and avoid an impulse buy. This would save you thousands of dollars. Here are tips that you can follow if you are into house hunting during a downturn in the housing market.

5 Tips For Recession House Hunters

 

1. You should search the internet for listings, do inquiries and talk with a realtor or real estate agent. Look onto newspapers for more information. Do your homework and research to know the range of prices in the area. With this, you will be able to make reasonable bid in the end.

2. Be organized. Keep in mind that you are not the only bargain hunter. To make sure you have an edge over other buyers, get a pre-approved mortgage. Have an attorney to handle the closing deal and documentation. It also makes sense to line up a home inspector and an insurance agent. These professionals provide valuable information and let a buyer know early on in the process, during the attorney review period, what items might need repair as well as what the home will cost to insure.

3. Keep an aye to motivated sellers because some of them may want to sell their homes quickly. It will give you additional bargaining power in situation like this. Here are a couple of signs that the seller is motivated:

a. The home may have been on the market for several months and has undergone several price reductions.

b. At the showing the home is empty, which suggests the seller has moved and may be holding two mortgages.

4. Know how to best negotiate with the realtor. When houses are being old in a slow pace, many real estate agents are also struggling. In these cases, both agents and firms may be more inclined to knock a percentage point or two off of their commission schedule to get a deal done.

5. It will always make sense to have a title insurance company and have a lawyer do some investigations to make sure that there are no liens and the property can be transferred without the risk. Because the last thing you would want to happen is to absorb those liabilities.



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Posted on January 13, 2010 13:15:13 by Middleton and Associates