Ryan Blanco San Diego real estate agent

Why it’s a great time to sell your home RIGHT NOW!

The San Diego housing market is heating up fast for buyers and sellers. Homes are selling for more money and selling more quickly, but with LESS homes for sale. This is causing more multiple offers on the homes that are for sale.

But don’t take my word for it, the below housing market figures speak for themselves! For single family detached homes in San Diego, the median list price was $520,000 in April, a 6.3% increase from last year at this time. The median length of time that homes stayed on the market was 41 days, down from 47 last year. Finally, inventory levels (the number of homes for sale) went from 5,770 last year at this time, to only 5,055 currently.
 San Diego housing market stats for April 2015

CLICK FOR FULL SIZE

Quite simply, the numbers above are the ideal formula for home sellers to sell their home quickly, and for the most money. Combine that with the best time of year to sell (late spring/early summer) and interest rates under 4%, and you can see what I mean.

Local Real Estate Trends

The chief economist at Realtor.com, Jonathan Smoke, has created a list earlier this month of the 10 hottest medium-sized and large housing markets for buyers and sellers right now. San Diego is #6 on this list nationally.

“Sellers are seeing listings move between 29 and 49 days more quickly than in the rest of the country and at an accelerating pace from just last month –- an average of five days faster. Meanwhile, these markets are especially attractive to buyers, as listings are viewed two-to-three times more often than the national average.”

  1. Dallas-Fort Worth-Arlington, Texas
  2. Santa Rosa, California
  3. Vallejo-Fairfield, California
  4. Denver-Aurora-Lakewood, Colorado
  5. Boston-Cambridge-Newton, Massachusetts-New Hampshire
  6. San Diego-Carlsbad, California
  7. Nashville-Davidson-Murfreesboro-Franklin, Tennessee
  8. Ann Arbor, Michigan
  9. Detroit-Warren-Dearborn, Michigan
  10. San Francisco-Oakland-Hayward, California

If you are considering selling your home, I would be happy to speak with you further to answer any questions you have. I will list your house for a total commission of only 4%! For further information, just GO HERE to find out more!

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com

Drought Causes Artificial Grass To Gain Popularity

As we come to grips with the severity of the current drought, it may be time to explore options that even a year ago would have been unthinkable. Something like…artificial grass?

Governor Jerry Brown has called for mandatory water restrictions, with utilities across the state are imposing limits on the amount of water available for nonessential purposes. Lawn care currently accounts for more than one-third of our urban water use. San Diego communities face the most strict restrictions compared to northern California cities.california drought and artificial grass

With the possibility of even more heavy-handed measures in the future, artificial grass has already started to appear outside homes across southern California. The New York Times recently reported that business is very strong for synthetic turf companies.

How much does it cost? One family spent $4,000 to lay down 600 square feet of artificial grass in their backyard. This may seem expensive, but will pay for itself over time. It’s an easier decision for those who want to do their part and be more water conscious and have the financial means to make the switch.

On average, artificial grass  can cost $8 to $15 per square foot. But subtract the cost of water and maintenance and the price becomes more competitive. In addition, artificial grass has made huge advances from the prickly AstroTurf of previous generations.

drought san diego artifical grassHomeowners should check with local authorities and homeowner associations, however, before replacing their natural lawn. Some communities may prohibit artificial grass for aesthetic reasons or because it can be harmful to the environment since the material is not easily recycled, may not absorb rainwater, and does nothing to improve the soil underneath.

Still, artificial grass, even in limited uses, can offer new landscaping options to homeowners trying to conserve water. A number of companies are active in the San Diego area; an Internet search for “artificial grass San Diego” will reveal more than a dozen such firms.

 

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com

San Diego Housing Market Update–April 2015 Sales

Below is my monthly analysis of the San Diego housing market. It will show many different metrics to help us get an accurate “feel” for what is happening in our local real estate market!

Activity Snapshot:

One-year change in closed sales

One-year change in median sales price

One year change in homes for sale

-2.0%

+5.6%

-13.0%

Inventory levels (the number of homes on the market “actively” for sale) continues to stay strong. This San Diego housing market update shows san diego housing market updatethere are currently only 6393 active residential listings in San Diego county, which is lower when compared to last month of 6883.

According to Bankrate.com, interest rates continue to trend lower compared to previous months. They are currently at 3.97% for a 30-year fixed loan (they were 3.82% at this time last month). This is well below the historical average of 6% or so, which is great for home buyers. To calculate your potential mortgage payment or see what you can afford, go HERE.

Finally, as you will see on the chart below, prices are starting to take on a more normal pattern. There are much more modest changes than the previous year, with a 6.4% increase in median prices, compared to over 20% we saw in 2013 and early 2014. However, these higher prices are now resulting in a considerable slow-down of the number of homes sold over a year ago.

The San Diego Association of Realtors analyzes housing market date for San Diego county every month. Below is their monthly report. The figures represents ALL property types.

House prices and sales san diego april 2015

CLICK TO ENLARGE

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com

San Diego Housing Market Update–March 2015 Sales

Below is my monthly analysis of the San Diego housing market. It will show many different metrics to help us get an accurate “feel” for what is happening in our local real estate market!

Activity Snapshot:

One-year change in closed sales

One-year change in median sales price

One year change in homes for sale

3.7%

+6.4%

-16.3%

Inventory levels (the number of homes on the market “actively” for sale) continues to stay strong. This San Diego housing market update shows san diego housing market updatethere are currently only 6883 active residential listings in San Diego county, which is flat compared to last month of 6784.

According to Bankrate.com, interest rates continue to trend lower compared to previous months. They are currently at 3.82% for a 30-year fixed loan (they were 4.02% at this time last month). This is well below the historical average of 6% or so, which is great for home buyers. To calculate your potential mortgage payment or see what you can afford, go HERE.

Finally, as you will see on the chart below, prices are starting to take on a more normal pattern. There are much more modest changes than the previous year, with a 6.4% increase in median prices, compared to over 20% we saw in 2013 and early 2014. However, these higher prices are now resulting in a considerable slow-down of the number of homes sold over a year ago.

The San Diego Association of Realtors analyzes housing market date for San Diego county every month. Below is their monthly report. The figures represents ALL property types.

san diego housing market prices inventory march 2015

CLICK TO ENLARGE

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com

How Do Condo Owners Increase Curb Appeal?

We all know curb appeal is important to buyers of single-family homes, but what if you are selling a condominium in a large building full of similar units? How do you make yours stand out from the rest? Here are a few tips for prompting that positive first impression that makes yours more memorable for potential buyers:

  • Make sure the entry way is clean, clear and clutter free. Clean or repaint the front door. Relocate bulky furniture that makes the entry seem smaller. Avoid coat racks and umbrella stands that jut out from the wall as well.
  • Perhaps place a fresh potted plant inside the doorway to bring the outside in. Just make sure it does not block the walkway and pick up any dropped leaves.
  • Clean the insides of your windows. If your HOA is responsible for the outside increase curb appeal condo in san diegowindows, ask that they be cleaned before you start showing your home or have an open house.
  • Make sure the hallway or walkway to your unit is clean. If you need to, just sweep it yourself. Pick up any papers or debris outside.
  • When your home is going to be shown, turn on all the lights, open the blinds, and have soft music playing. Make sure the temperature inside the unit is comfortable.
  • As with any home, make sure the counter tops and floors and clean and personal effects are out of sight. Consider placing a bowl of fruit or bouquet of flowers on the table to add some color and freshness.
  • If you have pets, consider taking them while your home is being shown, or ask a neighbor to watch them before the potential buyer shows up.

Most of all, call your real estate agent to learn what features to play up (or down) in your unit to maximize it’s potential!

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com

Tips To Sell Your Home This Spring

Inventory of homes is fairly slim pickings at the start of this spring’s housing season. But that doesn’t mean you are in the driver’s seat entirely. Today’s homebuyers are picky, recession-scarred bunch, and they want to get serious value for their hard-earned money. Sellers need to not only price their homes competitively, but to prepare their homes well while selling. Here are some tips to sell your home:

Curb appeal

First impressions are everything, and you want to make sure and make it a good one! Clean up the landscaping and freshen up the flowers. Take down any tacky tidbits and decorative flags, and consider some color updates. One new coat of paint on the front door can make a big difference.

Depersonalize

To a point, buyer don’t want to see how you live and with whom you live. Take the wall of family photos down (or at least scale it back). The idea is to make potential buyers better able to picture themselves in your hotips to sell your san diego homeme. If you don’t have a generic taste in art, put it in storage. It doesn’t matter how pricy the pieces, buyers aren’t art experts, and their taste may not be yours.

Clean up

Don’t just make the beds, but de-clutter and minimize. You might like the stack of magazines on the table, buyers don’t. They aren’t interested in what you read. They might not agree with your fun pillow sayings. A little work and storage boxes can make a huge difference. If your house is already vacant, you might have a professional come in and stage your home with rented furniture and small touches. This typically runs $1000-2000.

Small projects = big returns

The big rule on selling-don’t do major renovations. You won’t get the money back in the sale price. Do some updates, especially in the kitchen and bath. Maybe you re-grout the tile, maybe it’s a new countertop or backsplash. Believe it or not, a new front door offertips to sell san diego home fix crackss one of the highest returns.

Check for cracks

Check the foundation, stucco, interior walls and any structural area. Inspectors will come through and red flag this to potential buyers. Odds are it will cost you a lot less to fix it now than later, and you don’t want buyers negotiating repairs into the purchase price.

 

Keep it cool

Make sure your home is comfortable. It’s it’s hot out, make sure the air conditioning is on. The more comfortable buyers are, the longer they will stay. The longer they stay, the ore likely they are to buy your home!

 

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com
This theme is sponsored by California along with Texas, Radio and corporate office contact address
Sitemap