Tag Archive | "Market News"
What’s going on in Bressi Ranch of Carlsbad…?
Sales. Currently only 2 active properties for sale in Bressi Ranch. Over 8 properties pending sale or contingent upon sale and 16 closed sales in the past 6 months. Stats based on Sandicor MLS data. *Update – HOA fees are set to drop from $225.00 monthly to $191.00 on February 1st, 2010. ;) With such low inventory, we expect prices [...]
Continue reading...Home Sales Decline in December? Bad Stats
Monday, January 25, 2010
Here is an example of biased stat making not painting the whole picture. ———– WASHINGTON (MarketWatch) – Sales of U.S. existing homes plunged 16.7% in December to a seasonally adjusted annual rate of 5.45 million from 6.54 million in November as a popular tax credit was set to expire, a national real estate trade group estimated Monday. [...]
Continue reading...Little to buy as market stages a comeback
Friday, January 15, 2010
“Real estate has always been about supply and demand. When there is no supply, there is no resistance to rates. When there is supply, there is resistance to rates.” Samuel Zell, billionaire real estate investor, Interview with Greg Miles – Bloomberg Television August 21st, 2008. And Zell followed in the interview to predict a turnaround [...]
Continue reading...The Best of Portico at Rancho Carrillo – Bank Owned.
Tuesday, January 12, 2010
Just completed CFK’s!! Not yet on the MLS but coming online soon. Model-like interior with stunning views to the ocean. Large patio yard with open space on the north side. 3 bedroom, 2.5 bathroom and approx. 1,538 sq. ft. – Price likely in the low $400s. We are excited to see! Call today to join interest list [...]
Continue reading...The Luxuary Foreclosure Market
Thursday, January 7, 2010
Most often bank-owned properties being sold are thought to be all rundown homes in the less desirable areas of the county listed at prices usually no more than a few hundred thousand dollars and often even under $100k. Buyers look for and want to buy bank-owned properties because they think they will get amazing deals [...]
Continue reading...Short Sale’s Are Now Tougher. Thanks. No Really…
Monday, December 21, 2009
This is a market changing turn for San Diego short sales and even short-sales nationwide. This gives homeowners and their agents not room for error when going for short sale approval. Today’s Morning Email from our Short-Sale Specialist: Note – the homes lost to auction were not Lund Team clients. —————— Date: Sun, Dec 20, 2009 at 9:12 PM Subject: 911-Regarding Sale Dates Hi Team, I [...]
Continue reading...“All I want for Christmas is a Bank Owned deal in Pacific Beach…”
Wednesday, December 16, 2009
Upcoming REO/Bank Owned property in Pacific Beach. Large townhome walking distance to the heart of Pacific Beach. Great location, quiet street, parking, bedroom/bathroom on 1st level and so on. We’re planning cash for keys in the next week or so which gives us a couple weeks after that before list price. Built in 1987, 3 bedroom, 3 [...]
Continue reading...So, What’s The Price?
Wednesday, December 16, 2009
The once dominant pricing strategy of San Diego was used less in 2009. Only 12% of over 32,000 homes sold in the county used a Value Range. Value range pricing is when a home is sold with a high and a low price. For example: “Seller will entertain offers between $500,000 and $525,000”. The idea is [...]
Continue reading...Short-Sale Buyer Tip: Keep It Business
Friday, December 11, 2009
Sandy is our in-house, short-sale expert. Her years of experience from the early ’90’s is still relevant today. So we asked her a tip of the day. Sandy to buyers: keep it business. She let’s short-sale buyers in that they are really buying a foreclosure. The condition of the property, electronics, appliances, fixtures could be [...]
Continue reading...Fewer Homes, Higher Prices
Wednesday, December 9, 2009
Fewer homes on the market, increasing prices and multiple offers: An excerpt from Tyson’s article in the Carlsbad Business Journal sheds light into an absolutely abnormal winter real estate market in 2009.
Continue reading...
Monday, January 25, 2010
0 Comments