The Lund Team Real Estate Blog

We at The Lund Team, Inc have been involved with selling Aviara since its inception.  And even as the Four Seasons sat uncompleted and the area was mostly unbuilt, we pushed a constant stream of positive arguments for the value of the area.   Sandy and Carlton purchased in Mar Fiore in 1995.  And this years sales numbers show that the value of Aviara has held up amidst one of the toughest real estate markets in decades.    

And the results: 
2005: Average sale price = $959,453 – 86 homes sold (detached) – at $355 per sq. ft.
2009: Average sale price = $810,952 – 69 homes sold (detached) – at $285 per sq. ft.

An Aviara home purchased in 2005 decreased roughly 15% in value off peak figures.   There are a number of areas and neighborhoods locally that have lost between 40% and 50% off their peek selling price.  

Sell and Rent Option:  House owned fee and clear to $900,000 value. 

Selling cost of $54,000:  5% selling cost with 1% title and escrow

$4,000 a month rental fees x 12 months = $48,000 a year x 4 years = $192,000

Total cost:  $54,000 + $192,000 = $240,000  

vs

No Loan = $10,000 year in property taxes x 4 years: $40,000 (write-off of taxes from income maybe $8,000 to $10,000 in value). = $32,000.     

Total cost:  $32,000 + $148,000 in lost principle:  $180,000

This does not account for other expenses of homeownership or what you could of invested your gain in.  But hindsight is 20/20.

The rental option also has some non-monetary downfalls.  First, there are very few higher-end rentals in the Aviara area.  They are costly at upwards of $4,200 to $4,500 a month.  What you pay in rent is non-deductable.  And there is value to living where you want to live with the stability of your owning your own home.  

But having the sales figures show the modest 15% decline is great to see on paper, what we see and feel everyday in the area. 

We’ll take you to The Argyle restraunt in Aviara and tell you why Aviara is one of the best places to live in San Diego.   Maybe the world.

Feature home for Sale: 1364 Corvidae Street , Carlsbad 92011 -   http://www.firsthometour.com/10689.

Aviara - Home of Four Seasons