San Diego in the top 10...

Features Home Buyers Want Most

Recovery to Continue in 2014, Says NAR; Rates and Home Prices Predicted to Rise

"The real estate market will continue its road to recovery in 2014, with home prices rising 6 percent and mortgage rates hitting 5.4 percent. In addition, demand is predicted to plateau, all according to Lawrence Yun, chief economist and senior vice president of Research for the National Association of REALTORS®..."  By Nick Caruso

SD County Home Sales Update

The September 2013 home sales number for SD county are in- no suprises- the median home price was up 1.6% from August to September. The inventory numbers are up .8% from August to September and the number of days a home is on the market is up by .9& from August to September. Given the upcoming holidays and the mortgage rates that are still very good, the time to purchase a home is now. If you are thinking of listing your home do it now as this time of year only folks ready to buy are out looking for their new home! 

  11 Good Reasons Not To Wait Until The New Year To List Your Home

1. People who look at your home over the holidays are serious buyers. 
2. Serious buyers have fewer homes to choose from over the holidays as most sellers take their 
     homes off the market. That means less competition for you and more money for you. 
3. Since the supply of homes will drastically increase in January, they’ll be less demand for your 
     particular home. Less demand means less money. 
4. Houses show better when they’re decorated over the holidays. 
5. Buyers are more emotional during the holidays and tend to spend more money on getting your price. 6. Buyers have more time to look over the holidays and can come during the weekdays. 
7. Some people must buy before the end of the year for tax reasons. 
8. January is traditionally a month where employers have to move so they can’t wait until springtime. 
     They have to buy now so you’re there to capture that market. 
9. You can still be on the market and you can have the option to delay your close or restrict your 
     showings during those six or seven days if you want to celebrate the holidays. 
10.You can sell now for more money and provide a way for you to delay that closing and extend your 
      occupancy until next year.
11. By selling now, you have the opportunity to be a non-contingent buyer for next year when houses 
      are less and you’ll have more opportunities to choose from.

Fixer Upper- Important questions to ask...

Considering a Fixer-Upper? 15 Questions to Ask First

Kitchen designs, bathroom designs, and more ∨

Consider a versatile murphy bed when looking for guest bed furniture, find well-designed task chairs, and work with a contractor in your area to create a fun yet functional home office.
Find new home builders who can help you create a dream kitchen, complete with stationary kitchen island, a large dining table and a creative cabinet design.

August home sale stats for San diego County

The August 2013 median sold price for single family homes in San Diego County was  $482,4870. which is a slight decrease (-0.3%) from the median price in July 2013. However, this remains a 23.9% increase of home prices of 1 year ago.
The unsold inventory index for August was 3.4 and 1 year ago it was 3.7%. However, the median time on the market was 24.4 days and 1 year ago it was 40.2 days.  Certainly a great improvement from 1 yr. ago!     (per CA Assoc. of Realtors)

-4.3%

Most popular home improvement this Fall...

According to a recent Zillow survey, 52% of home owners are planning a Fall home improvement project. The two most popular improvements are home offices & children's play rooms. Home owners plan to spend an average of $1,000.00 on their project. To get the biggest bang for your dollar many designers recommend a double use for a space- home office and guest sleeping area, for example. Have fun & go for it!

Playroom & Laundry area!

This Weekend In Oceanside...

• Saturday 9/14 - Sun Diego Annual AM Slam Skateboard Contest, Melba Bishop Skate Park, 9:00 am - 4:00 pm
• Saturday 9/14 - Movies in the Park: Rise Of The Guardians, Junior Seau Pier Amphitheater, 5:00 pm - 11:00 pm
• Sunday 9/15 - Noche Mexicana, Civic Center Plaza, 2:00 pm - 7:00 PM

Thinking of making a move? Call me today and lets get you SOLD!

  

News for those who experienced a short sale:

Read the following for some great news! http://bostonherald.com/business/real_estate/2013/09/for_home_short_sellers_finally_comes_some_good_news

Thinking of a home project? Read about small bathroom possibiities

Small bathrooms offer an oportunity to express your creativity- read the following:

8 Clever and Creative Ways With Small Bathrooms

General contractors, home builders, and more ∨

Before you throw your next party, browse a wide selection of barware, glassware and serveware.
Find home remodeling professionals, local residential architects, top home builders in your area and decorating and interior design ideas.

Another Housing "Bubble"?

Independence Week In Oceanside

• Independence Day Parade, Saturday June 29th, 10:00 AM, Coast Highway beginning at Wisconsin to Civic Center Drive

• Football Season Opener, North County Cobras vs. San Diego Thunder, Saturday June 29th, Oceanside High School, 2:00 PM

• FREE Concert & Movie, Saturday June 29th, Junior Seau Pier Amphitheater 5:30 PM, Movie - Bring It On at 8:00 PM

• Oceanside's 125th Anniversary, Wednesday July 3rd, 11:00 AM Civic Center

• Fireworks Show, Wednesday, July 3rd, El Corazon Site at Rancho Del Oro, 8:00 PM

• Star Spangled Sunset Market, Thursday July 4th, 2:00-9:30 PM

HOT Items Buyers Are Looking For When Purchasing A Home

Whats HOT? Here is a list of items rated Essential or Desirable by at least 85% of buyers  surveyed:

1. Energy Star-rated appliances
2. Laundry room
3. Energy Star-rating for whole home
4. Exhaust fan in bathroom
5. Exterior lighting
6. Bathroom linen closet
7. Energy Star-rated windows
8. Ceiling fans
9. Garage Storage
10. Table space for eating in kitchen
11. Walk-in kitchen pantry

What's Not? Here is a list of items rated "do not want" by more than 35% of buyers surveyed:

1. Elevator
2. Golf course community
3. High density community
4. Only a shower stall in master bath
5. Mixed use community
6. Gated community with $100-$200 fee
7. Two story family room
8. Wine cooler
9. Wet bar
10. Laminate counter tops
11. Two story entry foyer

Source: National Association of Home Builders (NAHB) Survey, What Home Buyers Really Want

850,000 Properties Bounce Back to Positive Equity

Residential property analytic provider CoreLogic® recently released new analysis showing the market is making big moves, with 850,000 additional residential properties turning to positive equity during the first quarter of 2013.

In addition, the analysis shows good news for mortgages: the total number of mortgaged residential properties standing in negative equity is down by nearly 1 million from the previous quarter, moving from 10.5 million (21.7 percent) at the end of the fourth quarter of 2012, to 9.7 million (19.8 percent) in the first quarter of 2013.

The national aggregate value of negative equity decreased more than $50 billion to $580 billion at the end of the first quarter from $631 billion at the end of the fourth quarter of 2012. This decrease was driven in large part by an improvement in home prices.

Of the 39 million residential properties with positive equity, 11.2 million have less than 20 percent equity. At the end of the first quarter of 2013, 2.1 million residential properties had less than 5 percent equity, referred to as near-negative equity. Under-equitied mortgages accounted for 23 percent of all residential properties with a mortgage nationwide in the first quarter of 2013. The average amount of equity for all properties with a mortgage is 32.8 percent.    READ MORE

April 2013 Real Estate Statistics for San Diego County

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported data for April 2013 from a survey of more than 90 associations of REALTORS® throughout the state, representing statistics of existing single-family detached homes only. 

·      San Diego County was a leader in both month-to-month and year-over-year sales increases, with a median sales price increase of 4.0% from 1 month ago and a 22.8% from 1 year ago.

·      The Unsold Inventory Index indicates the number of months needed to sell the supply of homes on the market at the current sales rate.  A six- to seven-month supply is considered normal. The April 2012 Unsold Inventory Index for existing, single-family detached homes was 4.8 months, and for April 2013 it was 3.1 months.

·      Increased market competition has significantly driven down the time on market compared with a year ago. For April 2012 the median days on market was 47.8 and for April 2013 it was 24.9 days.

·      This is great time for you to list your home!

Buying v.s. Renting

Check out this info...

Oceanside CA Market Update!

Below are the latest statistics for sold Oceanside CA home properties comparing April to March 2013 & also looking at what has been happening for the past 6 months.  

Available homes for sale have decreased while homes that has been available to sell have been selling. Now would be a great time to list and sell your home! Give me a call today.

Attached Properties

	Current vs. Prev Month			Current vs. Prev 6 Months
	Apr. 13	Mar. 13	% Change	Apr. 13	Nov. 12	% Change
For Sale	80	81	-1.2%	80	81	-1.2%
Sold	75	68	10.3%	75	61	23%
Pended	82	70	17.1%	82	56	46.4%

92054

	Current vs. Prev Month			Current vs. Prev 6 Months
	Apr. 13	Mar. 13	% Change	Apr. 13	Nov. 12	% Change
For Sale	36	44	-18.2%	36	39	-7.7%
Sold	16	24	-33.3%	16	28	-42.9%
Pended	26	22	18.2%	26	25	4%

92056

	Current vs. Prev Month			Current vs. Prev 6 Months
	Apr. 13	Mar. 13	% Change	Apr. 13	Nov. 12	% Change
For Sale	13	12	8.3%	13	16	-18.7%
Sold	26	30	-13.3%	26	20	30%
Pended	26	22	18.2%	26	15	73.3%

92057

	Current vs. Prev Month			Current vs. Prev 6 Months
	Apr. 13	Mar. 13	% Change	Apr. 13	Nov. 12	% Change
For Sale	34	38	-10.5%	34	43	-20.9%
Sold	63	49	28.6%	63	46	37%
Pended	58	64	-9.4%	58	48	20.8%