Our San Diego Real Estate Market has turned

by on May.09, 2012, under Real Estate News

INFO THAT HITS US WHERE WE LIVE… Happily, it’s becoming easier to believe the housing market is turning around, although in fits and starts. For example, the Q1 Advanced GDP report showed that home building increased for the period at a 19% annual rate, its fourth consecutive quarterly gain. In line with this, several home builders have recently reported higher sales and orders. The National Association of Realtors (NAR) projects new home sales UP 31.6% for 2012.

More evidence: as of March, Realtor.com put the median list price of homes up 5.56% for the year. The NAR’s chief economist offered, “The housing market has clearly turned the corner. Rising sales are bringing down inventory and creating much more balanced conditions around the country, which means home prices will be rising in more areas as the year progresses.” The NAR forecasts existing home sales UP nearly 10% for 2012, to 4.68 million units.

The numbers say it all but from someone on the front lines I can tell you this market has turned. If you are still waiting for deals, you will be waiting for the next downturn because it is clear we are on the rise.

If  you have questions about the San Diego houses for sale please call 619.665.5360

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Home Values in San Diego are on the rise with low Real Estate inventory

by on Mar.21, 2012, under Real Estate News

San Diego real estate for sale has always been on top for real estate demand but now it seems to be getting out of control. The demand for houses or condos in San Diego has increased 10x what it was a year ago. It seems many people have caught on to what many already new… That buying a home in San Diego is a wise investment for the short term and for the long term. For an example there are currently just over 200 condos for sale in Downtown San Diego where as only 3 years ago there were over 1200 condos for sale in downtown San Diego (92101). Even if you look to purchase a house or condo outside of the downtown area you find the same thing. The over all inventory is low…. Hillcrest is another area of San Diego that is just inundated with buyers and no inventory.

I wrote an offer yesterday on a property for a client that just hit the market one day earlier and it had 10 offers already.. Crazy right ? Not only do you need to be strong with your offer but you need to be quick. What this is doing is driving the home values back up quickly, this might be what the banks and world economist want to help improve the on the San Diego Real Estate market.

Realtor.com reported that the U.S. median list price of homes they track was almost 7% higher in February than a year ago. The web site of the National Association of Realtors (NAR) also reported that the inventory of U.S. for-sale housing is 22% lower than a year ago. Additional progress was seen in the median age of inventory of homes on the site dropping almost 10%, year over year.

Realtor.com summarized the situation this way: ”The nation’s housing markets as a whole are in better shape today than at any time since the 2009-2010 tax credits.” But it should be noted that although current inventory levels are near a three-year low, they’re likely to grow a bit during the spring selling season.

If you are looking to stay on top of this crazy market allow my team and I to assist you in your home buying process. You will be enlighten on how you can successful win bids on properties that you normally would not have a chance.

Send a quick email to Jason@metrosdrealty.com

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Downtown San Diego Condo that sold last week

by on Mar.19, 2012, under Downtown News

Here is a quick look at the condos sold last week in Downtown San Diego.

Complex Unit Number Bed/Bath Sqft Sold Price
The Mills #424 1/1 747 $202,000
Marina Park #116 1/1 865 $245,000
Discovery #616 2/2 1070 $320,000
Horizons #1601 2/2 1036 $380,000
Park Place #806 2/2 1113 $400,000
Electra #1105 2/2 1165 $425,000
Doma #112 3/2 1697 $460,000
Alta #2104 1/2 1144 $675,000
Horizons #2004 3/3 2468 $1,200,000
Park Place #2901 3/3 2047 $1,500,000

Between the Numbers:

Last week there were 10 condo sales with the average sales price of $580,000

The week previous there were 17 condo sales with the average sales price of $457,000

It has been awhile since I wrote my last downtown update on the sales prices and where things are headed but it mostly has to do with the fact that I have been slammed with buyers and sellers. The over all buyer activity has picked up tremendously to the point where it feels like a frenzy. Rather it is a house or a condo the activity has made it very challenging  to purchase a home for many buyers. From being over bid by investors or acting too slow to make the offer, many have come to relieze you need to be ready and you must fully understand the market place in order to get your offer accepted. From the sellers side this might be one of the best times to put your house on the market. If you are ready to move then now is the time to put your house on the market. The trouble with that is if you sell your home you may find it hard to buy your next home…. So you really need to have a plan when you go to list your house to sell. That is why I coach all my clients on how to successfully sell their home for the highest amount and in the quickest time. Rather you buying or selling you must have a little bit of coaching to be successful in this real estate market.

Give me a call to talk about how this market could work to your advantage. 619.665.5360

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Downtown San Diego Condo Loft for Rent $1450

by on Feb.27, 2012, under Downtown News

Are you ready to live in Downtown San Diego? There is nothing like living in the city and being able to walk every where.

This is a Top Floor Corner unit Loft with 11 foot ceilings! Great city views facing west. You can see the bay and the ocean from every window in this picture perfect downtown condo loft. 1 underground parking space. Move in ready! Don’t miss out on this one.

If you always wanted to live in a downtown condo building and on the top floor now is the time to act on this one. Perfect for that city living feel and for a great deal.

You are thinking about buying a condo in Downtown San Diego but not sure yet… Then why not try renting a downtown San Diego Loft for a year and “test drive it”.

To view this condo please contact me by either emailing or calling.

619.665.5360 or Jason@MetroSDRealty.com

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San Diego Condo Sales From Last Week (Feb 1)

by on Feb.07, 2012, under Downtown News

Here is a quick look at the activity of Downtown Condo Sales in San Diego.

Complex Unit Number Bed/Bath Sqft Sold Price
El Cortez #204 2/2 1118 $227,000
The Lodge #313 2/2 1102 $300,000
The Mark #809 1/1 875 $344,000
Treo #106 2/3 1198 $360,000
Treo #2003 2/2 1107 $412,850
The Grande #3902 3/2 1783 $1,150,000

Between the Numbers:

Last week there were 6 condo sales with the average sale price of $465,000

The week previous there were 18 condo sales with the average sale price of $331,000

Even with this incredibly low inventory we are still having sales. The opportunity to purchase a condo in the downtown San Diego for nearly 40% off the market values of 2007 and even more in some cases have brought out the investors. With rents going up and interest rates going down and home prices flat this has created a perfect storm for San Diego investors that want to purchase a San Diego condo that will get 6% to 8% return on their money. With down word pressure and up tick in Rental demand it has became outstanding investment for condo buyers and house buyers alike. It is one thing to go buy a houses or a condo in Downtown or surrounding San Diego areas, its a whole another ball of wax when you are trying to get the highest return on your money. For free education on the process of buying an investment property in San Diego please email Jason@MetroSDRealty.com.

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Mortgage Interest Rates to stay low until 2014

by on Feb.06, 2012, under Mortgage News

INFO THAT HITS US WHERE WE LIVE…”The Federal Reserve surprised the market last week by indicating that short-term rates were likely to stay at their current low levels until the end of 2014,” according to the Mortgage Bankers Association chief economist. He added, “Longer-term Treasury rates dropped… and mortgage rates for the week were down slightly.”

Freddie Mac’s chief economist felt rates had eased because “fourth-quarter growth in the economy fell short of market projections.” He did see “one bright spot… residential construction spending rebounded in December, rising 0.7%.” For the year, housing starts in fact rose 25%! Maybe that’s why the National Association of Home Builders’ Market Index rose from 14 in September to 25 in January, a 4-year high. Bothnew and existing homes are now very affordable, with prices at post-recession lows. Yet the home price decline since the end of the recession in mid-2009 has been a modest 3%-7%.

To begin your San Diego home search please email me at Jason@MetroSDRealty.com

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The San Diego Housing Numbers and Improved housing market

by on Jan.30, 2012, under Real Estate News

INFO THAT HITS US WHERE WE LIVE…Getting ready for a recovery could be the theme of last week’s housing reports. Pending Home Sales, after hitting a 19-month high in November, dipped a bit for December, yet came in 5.6% above where they were a year ago. The National Association of Realtors chief economist observed, “Even with a modest decline, the preceding two months of contract activity are the highest in the past four years outside of the homebuyer tax credit period.” Search all San Diego homes for sale

Thursday saw December New Home Sales drop 2.2%, to a lower-than-expected 307,000 annual rate. Yet sales remain in the narrow range they’ve occupied since May 2010. And the best news was that new home inventories dropped to 157,000, the lowest level on record, since 1963. Unsold new homes under construction and unsold completed new homes are at or near record lows. Experts say this is what’s needed to get ready for a sustained housing recovery. Finally, the FHFA price index for homes bought with conforming mortgages was UP 1% in November.

Looking to purchase a Downtown San Diego Condo or a Mission Hills house have the same challenges for San Diego home buyers. The houses and condos for sale in San Diego are slim and with more buyers coming to the market place these days makes it very competitive to get your offer noticed by the sellers. I  proved my 5 tips for my buyers when looking to purchase a home in San Diego and how to bet out the competition when you find the home of your dreams in San Diego.

Lets get you going by calling today to set up showings for houses in your budget. 619.665.5360

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Downtown Condo Building Review: Harbor Club Condos for Sale and recent sales

by on Jan.27, 2012, under Harbor Club Condos For Sale

Harbor Club Condos in Downtown San Diego

If you have ever been to downtown San Diego then you have seen the Harbor Club. It is one of the most Iconic buildings that expend high above the city skyline. Harbor Club consist ofHarbor Club condos for sale in San Diego two twin black sleek towers that sit on the southern most part of downtown San Diego. Harbor Club was built in 1991 and has been the signature piece of the downtown San Diego Ski line. Harbor Clubs condos for sale start with the 1 bedrooms in the mid $400,000 and goes up to $6 million for the Penthouse level condos for sale. The HOA fee’s are on the high side when compared to other downtown San Diego condos for sale. Amenities included 24 Hour security, pool, spa, fitness room, BBQ area and community room.

Harbor Club is at the top of my list for the most luxurious condo buildings in Downtown San Diego. Some of the top wealthiest people of America own a peace of the Harbor Club.

Lets take a look at what is currently for sale at the Harbor Club:

Unit # Bed/Bath Sqft Asking Price Days Listed
#1706 1/1 1036 $525,000 16
#2403 1/1 1036 $575,000 48
#803 1/2 1036 $649,000 80
#2003 1/1 1036 $749,000 87
#2206 1/1 1036 $799,000 1309
#904 2/2 1574 $979,000 42
#2102 2/2 1474 $1,275,000 67
#3803 3/5 4170 $5,500,000 37

Recent Sold Condos

There was one unit that sold in Harbor Club over the last month for $849,000. It was unit 2602 2 bedroom 2 bathroom with 1474 sqft

Over the past year the average sold prices in the Harbor Club was $1,381,375. Not to shabby if you ask me.

To experience Harbor Club first hand please contact 619.665.5360 for your private tour of available condos.

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Townhouse for sale in La Jolla with great private views

by on Jan.26, 2012, under La Jolla Homes For Sale

The La Jolla Real Estate market is moving quickly … If you are not in then you are out. Over the past month there have been 30 sales with the average sale price of $1,025,000. Did someone say down market..? La Jolla homes that recently sold are showing that market is strong in many areas of San Diego.

This townhouse that was just listed in La Jolla 92037 is outstanding deal at the asking price of $675,000 La jolla house for sale

This immaculate townhome boasts sweeping canyon and greenbelt views! This private, end unit offers loads of natural light and the unique benefit of an additional half bath and optional 4th bedroom. Move-in ready and sure to impress!

3 Bedrooms with 4 Bathrooms and over 1800 sqft . With your own private entrance and private 2 car garage this Townhouse will not last at this price.

To schedule an appointment call 619.665.5360

To learn more about this property follow this link La Jolla Townhouse For Sale

san diego median sales prices

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The Newest Real Estate Website is Making a Splash for Buyers Looking for San Diego Real Estate Deals

by on Jan.24, 2012, under Real Estate News

Are you looking to buy a house or condo?

Are you not sure what is a good deal?

What is the difference between a short sale and foreclosure?

These are common questions that I receive from clients…. So don’t feel you are alone in this process. Working with a knowledgeable and experience real estate agent will be able to guide you through the entire process.

Our goal at Metro San Diego Realty is be that knowledgable and experience real estate agenicy. Our mission is to deliver outstanding customer services along with the knowledge and experience to assist our clients on making an informed and confident decision on which property is right for them.San Diego homes for sale

You will be able to find the latest San Diego Real Estate for sale here on MetroSDRealty.com. All condos for sale in a neighborhood are able to be found here with one easy click. Even if your searching for a certain building in downtown San Diego to see what is for sale, you can do that by scrolling over the drop down menu of “Downtown Search”. This will display all the districts of downtown San Diego, then if you scroll over that district you will find all the buildings in that district, from there you can click on the name of the building you would like to view and the next page will display all the condos for sale in that downtown condo building and information about the building. If you are visual person like myself you can click the “Downtown Search” link at the top of the menu page to display a picture of all the Downtown San Diego Condo Buildings.

You can take advantage of this quick search on all 20 metro communities on our site, all you do is scroll over the menu button that says “San Diego Communities” and this will display a quick search of all the communities such as Point Loma Real Estate, La Jolla Real Estate, Mission Hills Real Estate and many others.. Then click on your community of choice to view all the properties for sale in that Neighborhood of San Diego. We will be expending our search within the next 6 months to include 20 more neighborhoods and we will also be unveiling some new technology to our San Diego Real Estate Website that will help the buyers online experience and increase the knowledge base of the consumer.

When it comes to getting the best real estate deals in San Diego it requires speed, so we have offered our FREE email alert once a property has hit the market to those that create a user account  here on MetroSDRealty.com. To get your free account set up click here My Free Account.

Not ready to purchase a home in San Diego yet? That is ok… We enjoy providing knowledge on the process of purchasing a house or condo in San Diego. We also have group tours set up for Downtown Condos Tours, Hillcrest Real Estate Tours, and South Park Real Estate Tours on Sundays. Coming soon is Ocean Beach Real Estate Tours, Point Loma Real Estate Tours, and Mission Hills Real Estate Tours for now they are on a first come first serve bases.

Take a moment today to contact us at 619.665.5360 or email at Jason@MetroSDRealty.com to get started on your new home purchase in San Diego.

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