Real Estate In North County San Diego

North County Mid Year Real Estate Pulse

2010-09-02T19:35:00.000-07:00

Below is a brief overview from the mid year report from North County San Diego Association of Realtors (NCSDAR).

As you know real estate peaked in 2007. Declined in both 2008 & 2009. However, mid year 2010 shows an increase in median homes of 465k up about 12% from year end 2009, which could consist of distressed homes making it on the market.

The distressed inventory is made up of distressed homes (preforeclosures, bank owned, & short sales) which has declined since January 2010. Distressed properties for July 2010 consist of 28% of the North County listings compared to 42% in July of 2009. It appears that while preforeclosures and bank owned homes have decreased slightly there is a increase in auction homes, which shows that some of the properties caught up in the foreclosure process are being auctioned off. There is still question on how much of a shadow inventory of the distressed homes still exist, and with San Diego unemployment high, we are on the road to a long and slow recovery process.

In my experience compared to the last couple months, the end of August seemed to pick up. Real estate comes in waves, and the last couple of weeks have been buzzing with buyer and listing calls. Recently we wrote an offer that had 7 back-ups. This is typical of alot of properties right now and that suggests that that the competition is steep for the homes that are priced right.

Please click the link below for a full report.

http://www.nsdcar.com/video/brownreport/index.php

Need guidance on what to do with your home? Are you looking to buy a home soon? Call me, I'd love to help you with all of your real estate goals.

Crystal Friesen
REALTOR®
Keller Williams North County
Cell: 760-274-7333
DRE Lic # 01710884
carlsbadhomelistings.com

Holiday Season In North County San Diego

2009-11-19T13:07:00.001-08:00

Holiday Season in North County San Diego

Friday, November 27, 2009

Carlsbad Forum-Tree Lighting & Holiday Celebration

Location: 1923 Calle Barcelona, near North El Camino Real in the La Costa area of Carlsbad

Come and join Santa and the elves get into the holiday spirit. The day after Thanksgiving will be festive at the Forum. Refreshments and live entertainment as well as activities and free horse-drawn carriage rides for the kids! Every Saturday & Sunday from Thanksgiving until Christmas the Forum will feature live entertainment!

Saturday, December 5^th, 2009

Encinitas Holiday "Seasons GreeNings" Parade

Location: Lumberyard shopping center courtyard on the east side of Coast Highway 101

Time: Tree lighting at 5pm, parade starts at 5:30pm.

Become a part of Encinitas Christmas tradition. Come and view the parade heading south along Coast Highway 101 from D Street to J Street. This year's theme is "Seasons GreeNings" celebrating all things environmental friendly. If you would like to be one of these 100 entries walking in the parade, call (760) 633-2740.

Saturday, December 5^th, 2009

Holiday at The Rancho- Rancho Carrillo Park Holiday Festivities

Location:
6200 Flying L.C. Lane, Carlsbad, CA

Time: 5:00pm-8:00pm

Tickets: $5.00 pre sale until Dec 2^nd. $8.00 at the door.

Historic Rancho Carrillo transitions into a version of Whoville (complete with Grinch). Come enjoy tree lighting, pictures with Santa, family cookie decorating, Grinch crafts, a visit by the Grinch, homemade arts & crafts, and a viewing of the Grinch movie.

Saturday, December 12, 2009

Christmas in the Poway Park

Location:
14134 Midland Road, Poway, CA. 92064

Time: 5:20pm

Join this festive celebration as members of the community enjoy an old-fashioned Christmas. Tree lighting will be at 5:20pm, and Santa arrives at 5:30pm. Face painting, music, arts & crafts, tap dancing performances, and steam locomotive rides are all part of the fun!

Saturday,, December 19^th, 2009

Christmas at the Mission

Location:
4050 Mission Avenue, Oceanside, CA 92057

Time: 6:00pm-9:00pm

Tickets: $35.00 Per Person

The magical surroundings of the mission will be festively and beautifully in Christmas decorations. The mission will feature caroling greeters and stations set up to taste the hosted by a variety of local restaurateurs.

Your home value? What is it worth to you?

2009-10-28T12:34:00.001-07:00

Your home value? What is it worth to you?

If only your home could be priced on this premise. Knowing the current value of your home will help you make the best possible decision on how to move forward in today's market.

How is your home value figured? What is your home worth? An agent has extensive knowledge in the housing market as well as what the current trend is for buyers and sellers. In addition, they know what factors appraisers look at when they appraise your home. Please Click here for the government appraisal standards.

Below are just some of the factors that are considered when an agent presents you with your current value of your home:

Knowing your current home value may help you make a decision on whether to sell now, stay, pull your equity, or upgrade. Contact me today for a free assessment of your home's value or go to my website and view other homes for sale in your area.

Fall Home Maintenance Tips

2009-10-06T11:26:00.001-07:00

Fall Home Maintenance Tips

Ladies and Gentleman…we have cooled down! The weather has been sweatshirt-worthy the last couple mornings. I wouldn't go so far as to say It is cold, but it is getting there! With the coo l mornings and shorter days, it is time to get ready for Winter. When it comes to weatherproofing our homes, here in San Diego we have it pretty easy. Here are a couple tips to get ready for the winter:

Clean out rain gutters- Visually check to make sure they are clear.

Walk around the outside of the home- Any low spots near your foundation? Does your trim new to be touched-up?

Carbon Monoxide & Smoke Detectors- Replace the batteries. Did you know that there are hundreds of deaths every year from carbon monoxide poisoning? For more info: http://www.carbonmonoxidekills.com/placement.htm
Furnace-Have a heating professional check your heating system (yearly).
Chimney- Have a certified Chimney Sweep clean and check your flues, vents, and fireplace damper.
Air Filter- Replace it! No one wants to smell last winter's dust when they turn on the heater.
Fire Escape Plan-
Do you have one? Make sure everyone in the family is aware of the plan. For tips on fire escape and emergency plans:
http://www.usfa.dhs.gov/downloads/pdf/fswy9.pdf
Ceiling Fans-Clean and oil the motor. Switch the blades to push warm air down.
Windows and Door Locks- Check for proper Operation.
Inspect your Roof- Have a licensed roofer come out and check your roof for missing shingles, missing or damaged flashing, seals around vents, and damage to boards around the eaves.
Home Value: Considering selling or upgrading? Contact me for a real-time evaluation of your homes current value.

Carlsbad, Ca. Real Estate Trend in the last 6 Months

2009-10-01T11:49:00.001-07:00

What has the Carlsbad, Ca. Real Estate trend been in the last 6 months? Buyers and sellers alike are wondering what is going to happen with the real estate market. A little research into the way the market has behaved the last 6 months may help you make the decision to buy or sell and when. Below is a graph of the price per square foot that homes sold for from April-September in Carlsbad, Ca. The price per square foot of a single family home for the month of Sep was similar to July. However, attached home prices per square foot was lower in September then what it has been in the last two months.

You can also go to: http://www.carlsbadhomelistings.com/ for a more in depth breakdown of real estate statistics in the area. To help make the decision that is best for you, please contact me today for a no-obligation analysis of your homes current value.

Would you like $8000 back on your taxes this year? Act Fast!

2009-09-11T08:40:00.000-07:00

Would you like $8000 back on your taxes this year?

We've been hearing a lot of questions about the new tax credit. Who qualifies? How does it work? How long will it last? In this special edition video, we're taking an in-depth look at the $8,000 tax credit for first time home buyers.

According to the new legislation, a first time home buyer is defined as someone who has not owned a principle residence in the past three years. Those three years are counted up to the date you take possession of the house you buy in 2009. This means that even if you've owned a home in the past, you can still take advantage of the tax credit as long as you haven't purchased a primary residence since 2006.The same goes for married tax payers - they must both be first time home buyers. For non-married joint buyers, only one of them needs to be a first time home buyer, or someone who hasn't owned a primary residence in the past three years.

Qualifying homes include:

New homes

Homes that are being re-sold

Condos

Townhomes

The main restriction is that the credit is only for those who buy a home as their primary residence. So investors looking to buy a rental property would not qualify for the credit. However owning a vacation home or a rental property already does not neccessarily disqualify you from taking advantage of the credit (as long as you haven't owned a primary residence in the past three years).A Look at the NumbersThe tax credit is equal to 10% of the purchase price of the home, up to $8,000. The amount of the credit you can qualify for is related to how much money you earn.

Here's how the credit is scaled:

Single home buyers earning 95K or less qualify. If you make 75K or less, you qualify for 100% of the $8000. If you make halfway, 85K, you qualify for 50% or $4000. The credit phases out gradually between 75K and 95K of income. For example, if you make halfway between the income limits, 85K, you qualify for up to half of the credit.

The same rate applies for married couples and joint buyers whose incomes limits are doubled to $150,000 to $170,000. Married couples or joint buyers whose incomes are less would receive the full $8000 credit. At an income level of $160,000, halfway between 150 and 170, the buyers would receive half the credit - or $4,000. And the credit phases out altogether at $170,000. This credit represent a significant amount of money.

One of the biggest points of difference for the new credit from the one congress passed in July of 2008, is that the new credit does not have to be paid back.In addition, it's refundable, which means that if you've paid all your taxes as you go with an automatic payroll deduction, you would receive an $8,000 check from the IRS.If you're committed to buying a house in 2009 and want to use the $8000 tax credit for a downpayment, consult with your certified public accountant.

In SummaryQualifying home buyers will need to make their home purchase between January 1, 2009 and December 1, 2009. And the home has to remain their principal residence for the following three years.

The new tax credit coupled with historically low mortgage rates and rising affordability, offers buyers a great opportunity if they act fast.If you're interested in learning more about the new tax credit or about homes in your area, speak with a local real estate agent soon.

Please dont hesitate to contact me for more information,

Crystal Friesen
Your Local Agent
760-274-7333
EMAIL: crystal.home4u@gmail.com

Cited from: Keller Williams.com

The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed on This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Keller Williams Realty, Inc. does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. Keller Williams Realty, Inc. will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate.