Posts Tagged ‘for sale’

San Diego Housing Market Update-June 2014

Summer home buying season is here and inventory levels (the number of homes on the market “actively” for sale) continues to climb. This housing market update shows there are currently 8062 active listings in San Diego county, drastically up from 7200 last month. This is the most the San Diego market has had in quite a long time.

Activity Snapshot:

One-year change in closed sales

One-year change in median sales price

One year change in homes for sale

-17.3%

10.7%

-1.0%

  How's the market 2 According to Bankrate.com, interest rates are currently at 4.19% for a 30-year fixed loan. This is well below the historical average of 6% or so, which is great for home buyers. To calculate your potential mortgage payment, 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 10.7% increase in median prices, compared to over 20% a few months earlier. However, even with the higher prices, homes continue to sell a a faster pace than a year ago. The San Diego Association of Realtors analyses housing market date for San Diego county every month. Below is their monthly report. The figures combine both condos and townhomes, as well as single-family homes.

San Diego real estate blog

Click to enlarge

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com
Visit my Website: https://ryanyourrealtor.com

FSBO Executive Uses A Realtor To Sell His Mansion

Al Bennati, the longtime chief executive of BuyOwner.com, has chosen to list his home with a local real estate agent.

BuyOwner.com is one of many websites out there now that encourage home owners that they do not need to enlist the help of a professional agent to be able to sell their home. Their website tells homeowners: “BuyOwner.com allows you to reach the most potential buyers in the shortest amount of time, in the most effective (the Internet) and most cost effective manner (no commission!) possible.”

But that has not stopped their chief executive, Al Bennati from hiring professional help in listing his own Florida mansion, now on the market. Bennati has listed an estate on St. Petersburg Beach for $3.78 million with Coldwell Banker agent Donna Miller.

for sale by ownerThis isn’t the first time that a CEO of a major FSBO website has enlisted the help of an agent when the time came to sell their own home. In August of 2011, Colby Sambrotto of forsalebyowner.com who, after failing to sell his home using FSBO websites, needed an agent to sell his NYC apartment.

Two separate people made fortunes convincing others to sell their home through their FSBO sites. Yet, when it came to selling their own home, they recognized the value of using a real estate professional. There is a reason the real estate industry has been around for centuries: it performs a valuable service!

 

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com

 

San Diego Housing Market Update-April 2014

The spring buying season is here in the San Diego housing market. Inventory levels (the number of homes on the market “actively” for sale) are currently 6600 listings in San Diego county, up slightly from 6500 last month. That number should continue rise in the coming months as more people put their homes up for sale into the summer.

How's the market 2

According to Bankrate.com, interest rates are currently at 4.21% for a 30-year fixed loan. This is well below the historical average of 6% or so, which is great for home buyers. To calculate your potential mortgage payment, 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 10.1% increase in median prices, compared to over 20% a few months earlier. However, even with the higher prices, homes continue to sell a a faster pace than a year ago.

The San Diego Association of Realtors analyses housing market date for San Diego county every month. Below is their monthly report. The figures combine both condos and townhomes, as well as single-family homes.

Click on image to enlarge

Click on image to enlarge

 

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com
Visit my Website: https://ryanyourrealtor.com

Things to Ignore When House Hunting

Looking for a new home isn’t always easy, especially when you walk into someone’s for-sale home and 20 years of their lives are on display. You have to really use your imagination to figure out how you can that particular home ‘yours.’ Many people choose to remodel and stage their homes when selling, but then there are the vast majority of people who choose to sell their home “as-is.”

While a turnkey home is ideal for people who simply want to move right in and make no changes, there are those “time warp” homes that are actually incredible gems that just need a little updating.

As you step into each home in your search, there are 9 things about a for-sale home that you should “ignore” as you search for your dream home:

An “Older” Home

Old doesn’t always mean bad. Some homes built decades ago have stood the test of time because they have great bones and have a classic style. Don’t always assume that newer is nicer, either. Some newer homes are more affordable because they were built cheaply. Remember that there are many simple fixes for dated homes, and the plus side of an older home is charm and character you can’t find in many brand new homes.

Paint Colors

Ignore the existing paint colors and focus on the structure of the room, the placement of the windows, etc. Paint is a very cheap and easy fix in a home and something you can change in just a couple hours.

things to ignore while house huntingUgly Wallpaper

While it may look like you are on a farm, remember that wallpaper is easily replaced or covered over. So no matter how designed challenged the walls seem to look, it’s easy to change.

Kitchen Appliances And Accessories

The kitchen is the heart of the home and often, the appliances aren’t going to be what you want. As long as you have room in your budget, or a timeline to replace the existing appliances, a seller’s older outdated fridge shouldn’t be a deal breaker.

Ugly Carpet

Flooring options are getting more and more diverse and there are now so many cheaper options that look exactly like their higher-priced counterparts. Don’t walk away from a great house just because you don’t like what you’d be walking on.

Funky Smells

Except for a serious mold problem, there’s nothing a deep cleaning can’t solve. Plug your nose and focus on the home’s internal bones and the potential it has when you give it your own touch.

Curb Appeal

If you’re not wowed when you first drive up, that’s ok. Just envision a different colored front door and some new landscaping, and presto – it might just be your dream home!

Popcorn Ceilingsthings to ignore while house hunting

It’s great at the movies, but not in a home.  Don’t worry! A ceiling specialist can come in and have it all that scrapped off.  It’s easier to have done before moving in, however.

No Privacy

If the house feels too exposed and lacks privacy from the house next door – you can fix that.  Remember “hedges make great neighbors.”

 

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com

Central San Diego Housing Market Update-March 2014

The spring buying season is here in the San Diego housing market. With sales and price per square foot rising compared to the previous month. This is a normal pattern for this time of year. Homes are continuing to sell at a fairly brisk rate, meaning buyers don’t have long to act on a property they love.

Interest rates have started to slowly creep up near the 4.5% level. They are currently at 4.45%. Inventory levels (the number of homes on the market “actively” for sale) is continuing to stay absan diego housing market updateove the 6000 level for San Diego county. Finally, prices are starting to take on a more seasonal pattern, with much more modest changes than the previous year.

To get the latest figures, I ran an analysis of home figures from the MLS for the central San Diego region (a 7 mile radius). This includes communities such as Mission Valley, Serra Mesa, University Heights, Normal Heights, Hillcrest, Mission Hills,  Bay Park, and Clairemont. The numbers include both condo/townhomes as well as single-family homes.

 Housing Figures-Central San Diego

Date # of Sales Median Sale Price Med Price/Square Ft. Ave Days on Market    
March 2014 589 $481K $377 17
February 2014 464 $437K $365 23
March 2013 770 $422K $331 15

There are currently 6400 active listings in San Diego county, up from 6200 last month. That number should continue rise in the coming months and more people put their homes up for sale.

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com
Visit my Website: https://ryanyourrealtor.com

Central San Diego Market Update-February 2014

We have continued stability in the San Diego housing market. With sales, days on market, and price per square foot level out compared to the previous month. However, homes are continuing to sell at a fairly brisk rate, meaning buyers don’t have long to act on a property they love. With this more “normal” pattern, interest rates have actually been taking a slow dip over the last few weeks. They are currently at 4.32%. Inventory levels (the number of homes on the market “actively” for sale) is continuing bounce around the 6000 level for San Diego county. Finally, prices are starting to take on a more seasonal pattern, with much more modest changes than the previous year. To get the latest figures, I ran an analysis of home figures from the MLS for the central San Diego region (a 7 mile radius). This includes communities such as Mission Valley, Serra Mesa, University Heights, Normal Heights, Hillcrest, Mission Hills,  Bay Park, and Clairemont. The numbers include both condo/townhomes as well as single-family homes.  Housing Figures-Central San Diego

Date # of Sales Median Sale Price Med Price/Square Ft. Ave Days on Market    
February 2014 464 $437K $365 23
January 2014 463 $450K $370 30
February 2013 554 $401 $327 20

How's the market 2There are currently 6200 active listings in San Diego county, up from 6100 last month. That number should continue rise in the coming months as the spring selling season approaches and more people put their homes up for sale. For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com
Visit my Website: https://ryanyourrealtor.com
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