San Diego September Real Estate update

Some areas throughout San Diego County are still recovering from a slow patch we had over the first 2 quarters of this year, but if you look at Sept Market Updatethe San Diego real estate market as a whole, you will see some empowering signs. One of the biggest signs that we are now in a Balanced market is that we are seeing the amount of new listing decrease 6.5% which is great because we were at year high of 3.4 months of inventory. Whenever there is too much inventory that when we see prices decline. Another very important number to watch is the number of New Pendings, this month we are up 1.8% from this time last year which is a fantastic sign that buyers are getting off the fence and taking advantage of these great interest rates.

Once again interest rates are lower than they were this time last year and whats even more impressive is that there are no signs that the Feds will be raising rates soon. Some other numbers worth noting… we are still up over 8% from last year at this time when it comes to Median Sales Price, however we have seen the amount of closing decrease by 23.7%.


Sustainable job growth, low interest rates, and a good amount of inventory to choose from seems to have caught the attention of buyers.

We have seen a spike in activity this month from our marketing efforts and the same goes with our affiliated mortgage lenders. We have seen a spike in activity on the website and just overall buyer activity which is a great sign for a good 4th quarter. We are expecting to see this balanced real estate market continue for quite some time.

Start your home search here!

Here are some of the newest listings in San Diego:

See all San Diego.
(all data current as of 12/19/2014)

  1. 3 beds, 2 full baths
    Home size: 1,134 sq ft
    Lot size: 8,001 sqft
  2. 5 beds, 4 full baths
    Home size: 3,717 sq ft
    Lot size: 11,325 sqft
  3. 3 beds, 2 full baths
    Home size: 2,031 sq ft
    Lot size: 7,601 sqft
  4. 4 beds, 4 full baths
    Home size: 2,608 sq ft
    Lot size: 21,780 sqft
  5. 2 beds, 2 full baths
    Home size: 1,113 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

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    Have you thought about buying a house vs buying a condo?

    For some people this choice is easy… if you want to live downtown well you better be ok with a condo, and if you want to live in the countryside well you better be ok with a house. However… what happens when you are in an area that has a great mix of both condos/townhomes and detached homes… which is the case a lot of the times here in San Diego.

    House vs Condo in San Diego!East Village

    So how do you determine whether a condo or house is better fit for you. Lets weigh the pros and cons. Lets assume you have selected the area you want to live, the size of the house you need, and the condition you want the house to be in. Now lets assume that your criteria is giving you the option to buy either a house or a condo. Now ask yourself these questions:

    1. - Do you need a large yard?
    2. - Do you personally want to maintain your landscaping?
    3. - Do you mind having neighbors close by?
    4. - Do you mind having neighbors beings able to see you in your backyard?
    5. - Do you not want a community pool?
    6. - Do you have more than one large pet?

    If you answered No to more than 3 of these questions then you should definitely be considering a condo.

    Yes there are great benefits of owning a house, however a lot of people absolutely write off the idea of owning a condo for no apparent reason besides that its a condo. I want to highlight some of the benefits of owning a townhome/condo. First off you will belong to an association (HOA) and yes you will have HOA Dues of  most likely around $150 – $375 a month, however people don’t realize how much an HOA actually saves you. Lets look at some of the items you would need to be paying if you owned a home that does not have an HOA vs a condo that does.

    If you owned a home you would be paying for: Landscaper $60-$120 a month, Pool maintenance $100 a month, homeowners insurance would be at least an additional $60 a month, yearly termite inspection/maintenance ($150 a year), putting back reserves for future maintenance or upgrades (Est. $50 month). That alone adds up to  $342.50 a month and this is on the safe side.

    Some other features that a lot of condos offer which is included in their HOAs are: Gym, BBQ Areas, Parks, Dog areas, Water & Trash, Exterior building maintenance such as power-washing the sidewalks and homes, roof maintenance,  security guards, RV parking and the list goes on.

    Another factor to consider is the affordability factor. Condos are always going to be more affordable than a detached house.

    So! With that all said would you consider a townhome? Search San Diego Condos here: Search for San Diego Condos

     

    See all Real Estate in city of San Diego.
    (all data current as of 12/19/2014)

    1. 3 beds, 2 full baths
      Home size: 1,267 sq ft
    2. 3 beds, 2 full, 1 part baths
      Home size: 1,444 sq ft
      Lot size: 4,251 sqft
    3. 2 beds, 2 full baths
      Home size: 1,254 sq ft
    4. 2 beds, 1 full, 1 part baths
      Home size: 945 sq ft
    5. 2 beds, 1 full, 1 part baths
      Home size: 1,440 sq ft
    6. 2 beds, 2 full baths
      Home size: 1,348 sq ft
    7. 3 beds, 2 full, 1 part baths
      Home size: 1,434 sq ft
    8. 2 beds, 2 full baths
      Home size: 1,228 sq ft
    9. 2 beds, 2 full baths
      Home size: 1,171 sq ft
    10. 2 beds, 1 full, 1 part baths
      Home size: 1,098 sq ft

    Listing information deemed reliable but not guaranteed. Read full disclaimer.

     

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      At a little bit of a surprise the real estate market in San Diego county has slowed just about across the board, with some areas doing better than others, but if you look at San Diego County as a whole then we have some pretty staggering numbers. The most staggering of the statistics is the decrease in closed sales, being down -23.4% compared to this time last year. On the flipside the average sales price is up 8.7% compared to this time last year. The next 2 stats that we like to look at is the amount of homes coming on the market vs the number of homes going into escrow or in contract. As of today we are seeing a 3.8% increase in new listings going on the market, and a 3.7% decrease in the amount of homes going Pending (Into Escrow). That tells us one thing, more inventory and less demand for that inventory.

      San Diego Market update August 2014

      San Diego Market update August 2014

      I do want to point out a few things that I am seeing as a Realtor looking at the market everyday. We are seeing a lot of overpriced properties hit the market, basically sellers being unrealistic and or just dreaming that they can get more for their property than what it is worth. On the flip side we are seeing a lot of buyers sitting on the sidelines because they think prices are too high and or interest rates are too high. Yes prices are up but we are not going to see a market crash anytime soon so if you are waiting for prices to fall… I would move on from that dream. To a lot of peoples surprise, interest rates are down 0.32 then this time last year. These are historic rates make it for a great time to buy.

      Sellers:
      I urge sellers not to take this market for granted, yes prices are up and the market is still doing well, however if you aren’t realistic about the value of your home its not going to sell. And if you don’t price your property to be the next to sell home in your area, you might miss out on the opportunity to sell your home all together. I also urge you to hire an agent that will actually advertise your home, if you are interested in seeing what a true real estate marketing plan looks like, please feel free to reach out to us.

      Buyers:
      One of the greatest things about todays market is there is actually inventory to choose from, meaning you can find that dream home and not have 20 other buyers going after it. Plus buyers are back in the driver seats and able to negotiate. I highly recommend buying right now before interest rates go up. I also highly recommend utilizing the talents of a real estate agent like myself, allow me to go to battle for you and negotiate a great deal for you.

      If you have any Real Estate question at all, please feel free to reach out to us.
      Joseph Arendsen – The Arendsen Group – 888.503.3117

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        Did you know that Fallbrook is known for its Mediterranean climate?

        Fallbrook is a North County San Diego community which is located just 26 miles east of the Pacific Ocean and is known for its rich soil and lush land.

        To find out more information about Fallbrook Community visit our community page here!

        fallbrook avocado festival

        fallbrook avocado festival

        Because of the communities’ healthy soil, Fallbrook is long known to be a center of agriculture in San Diego. Avocado groves grow in the area abundantly. In fact, Fallbrook is known as the “Avocado Capital of the World”. This title is being celebrated annually in the downtown area.

        The soils of Fallbrook does not only grow avocados, it was rich with gems and minerals too once upon a time! Fallbrook used to ship minerals worldwide such as the colored tourmaline. The museum on Alvarado Street named Fallbrook Gem and Mineral Society holds a lot of the interesting facts about the history of mining in Fallbrook. Although Fallbrook community is known for it’s agriculturally rich land, it has been known in the past twenty years as a center for the arts too. There are schools for art majors, dancing, famous art galleries and is always hosting concerts by visiting symphonies.

        Fallbrook Community

        Our own Joseph Arendsen volunteering at Reins Ranch helping children with special needs in Fallbrook

        Our own Joseph Arendsen volunteering at Reins Ranch helping children with special needs in Fallbrook

        The Fallbrook community is surrounded by mountains and is gifted with panoramic view of nature preserves such as hills, trees like ancient oak trees and rivers. Just like the Bonsall community, Fallbrook is also equipped with equestrian facilities.

        Aside from farmers, and small businessmen, there are also a lot of seniors who choose Fallbrook as their retirement place. While the area is filled with beautiful villages in a rural atmosphere, the main reason why this is a favorite retirement place is because of the lovely climate and the absence of urban sprawl. And because the area doesn’t suffer the drawbacks of an urban sprawl, residents can build a home in a 5 to 10 acre lots planting Avocado groves on the sides.

        These are only a few of the important things to know Fallbrook community. So if you think about retiring or buying a house here and possibly fill it with Avocado trees, visit our Fallbrook Real Estate page here. And if you are looking for a great Real Estate Agent in Fallbrook make sure to give us a call.

        See all Real Estate in Fallbrook community.
        (all data current as of 12/19/2014)

        1. 3 beds, 2 full baths
          Home size: 1,448 sq ft
          Lot size: 43,560 sqft
        2. 3 beds, 2 full, 1 part baths
          Home size: 2,457 sq ft
          Lot size: 1.33 ac
        3. 3 beds, 2 full baths
          Home size: 1,597 sq ft
          Lot size: 3,999 sqft
        4. 5 beds, 4 full baths
          Home size: 3,944 sq ft
          Lot size: 43,560 sqft
        5. 5 beds, 3 full baths
          Home size: 4,076 sq ft
          Lot size: 19,667 sqft

        Listing information deemed reliable but not guaranteed. Read full disclaimer.

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          Why live in Bonsall?

          Bonsall, CA is a community located in the foothills of North County San Diego County.

          To find out more information about Bonsall Community visit our community page here!

          Bonsall San Diego

          The land features of the Bonsall community consist of hills, valleys and drainage areas that explain the great amount of low density residential lots. Because of Bonsall’s vast amount of land, it is also distinguished with equestrian facilities and the San luis Rey downs Golf Course.

          Bonsall Community is bordered by these 4 San Diego Communities:

          Fallbrook (north), Oceanside (west), Valley Center (east) and Vista City (south). 

          Joseph Andersen New Listing

          As of 2014, the population of Bonsall community has 3,859 people amounting to a growth of 13.10% since the year 2000. This community has a livability score of 74% which means Bonsall  has a low crime rate, a stable housing market; has a high income percentage per resident, not to mention the all year round sunny weather and great breeze that comes through every evening.

          Low Crime Rate

          The community of Bonsall, California is safer than 97.3% of the cities in the nation and the crime rate is less than 87% of the cities in California. That means that you have a 1 in 1,065 chance in being a victim of a crime in this community.

          Stable Housing Market

          As of April –July 2014, the average listing price of a Bonsall, CA real estate is $1,143,442 while the sales price is averaging to $727,000. That shows a 2.2% growth in week over week for the listing price and a 21.1% growth in sales price for year over year. Right now, Bonsall has 103 homes for sale, 43 homes that are recently sold and 19 Foreclosures.

          Bonsall San Diego

          There are only a few condos in the Bonsall community; most are homes with big lots and a few condos near San Luis Rey Downs. This beautiful community has one main shopping center which is the River Village Plaza that can cater a family’s daily needs. Locals go to either Oceanside or Fallbrook for their other needs. Although the Bonsall community looks close to the ocean if you look at a map, it would actually take an individual at least 20 minutes to get to Oceanside beach.

          If you are are interested in Bonsall Real Estate make sure to reach out to us, “The Arendsen Group Real Estate” for all your real estate needs.

          See all Real Estate in Bonsall community.
          (all data current as of 12/19/2014)

          1. 4 beds, 3 full baths
            Home size: 2,876 sq ft
            Lot size: 25,264 sqft
          2. 3 beds, 2 full baths
            Home size: 1,670 sq ft
            Lot size: 3,999 sqft
          3. 2 beds, 2 full baths
            Home size: 1,440 sq ft
            Lot size: 7,499 sqft
          4. 3 beds, 2 full, 1 part baths
            Home size: 2,549 sq ft
            Lot size: 8,276 sqft

          Listing information deemed reliable but not guaranteed. Read full disclaimer.

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            Leucadia is one of the beach communities in San Diego.

            It is located in the North County Coastal and is in the city of Encinitas.

            To find out more information about Carlsbad Valley visit our community page here!

             

            leucadia real estate

            Unlike other beach communities in San Diego, Leucadia’s coasts aren’t that accessible. The beaches are located below cliffs and are only accessible in a few locations. You have to walk down a stairway to get to the beach that makes it exclusive for people especially to surfers who don’t like crowded places but the beach itself is marvelous. Coasts in Leucadia also give a sight for sunset.

            There are three stairways leading to these popular beaches in Leucadia:

            Grandview

            Grandview

            Beacon’s

            Beacons

            Stone Steps

            Capture

            These beaches don’t have the usual amenities like parking, lifeguards and bathrooms. So if you are an all conditions type of a person,  these beaches are for you!

            One of a local favorite shops here in Leucadia, Encinitas is The Leucadia Donut Shoppe. It is located in Coast Hwy 101 and is owned by a couple named Tom and Emily. Though this shop is highly recommended because of their famous apple fritters, people are also recommending this shop because of the awesome customer service. Best to come here in the morning after surfing, paddling or even running!

            If you are more into healthy stuff, then you can visit Haggo’s Organic Taco.

            Leucadia is famous for its tree-lined streets and boulevards. It is also a favorite place for home designers to check out unusual home decors. One of its unusual stores is the Grounded, it sells home decors and gift ideas that are not the usual-but-fancy-stuff.

            Encinitas city is a safe place as a whole and if you are more into the rugged life with an adaptive personality, Leucadia Encinitas is definitely the best place for you!

            See all Real Estate in Leucadia community.
            (all data current as of 12/19/2014)

            1. 3 beds, 2 full, 1 part baths
              Home size: 1,982 sq ft
              Lot size: 7,499 sqft

            Listing information deemed reliable but not guaranteed. Read full disclaimer.

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              The American Planning Association conducted a survey last May

              and San Diego came up to be the Top choice for relocation!

              To find out more information about San Diego communities, visit our community page here!

              San-Diego-California-Health-Quotes

              Among the 1,040 adults whose age are in between 21-65 joined the survey and 23% of them answered San Diego. Imagine beating New York, Boston, Denver and San Francisco respectively! This is good news to the people of San Diego especially to the San Diego Real Estate community. Housing costs, cost of living and the livability of San Diego were the main reasons why the surveyors chose San Diego. The demand is actually a surprise since San Diego is considered to be one of the cities that have the highest costs considering median home prices but then again, we are not nearly as high as New York and San Fran.

              Former San Diego city planning director Bill Anderson said that San Diego’s reputation of having great schools and offering high quality education added to the reasons why more people are coming here to relocate. Sometime in between 2008-2013, there were an alarming number of people who moved outside of San Diego. Most of these people are aged 30-44. Kelly Cunningham, former chief economist and research director for the San Diego Regional Chamber of Commerce said that this decline of home buyers was caused by the consistent rising of home prices in San Diego until the early months of 2013.

              san_diego_december_2012_metroscenes.com_13

              The survey also found out that there are two types of people moving in in San Diego: The career builder and the retiree.

              We don’t think this should be a surprise at all with all the beautiful places that San Diego has to offer. But now with big biotech companies and other industries moving to San Diego we are seeing a spike in relocations and in the demand for quality housing. Which is just all around a good sign for where the San Diego Real Estate market is heading.

              If you want to know more about San Diego real estate or to look for your next home, search here.

              See all Real Estate in city of San Diego.
              (all data current as of 12/19/2014)

              1. 3 beds, 2 full baths
                Home size: 1,267 sq ft
              2. 2 beds, 1 full, 1 part baths
                Home size: 874 sq ft
              3. 2 beds, 2 full baths
                Home size: 1,254 sq ft
              4. 3 beds, 2 full baths
                Home size: 1,405 sq ft
                Lot size: 6,899 sqft
              5. 2 beds, 2 full baths
                Home size: 996 sq ft
                Lot size: 7,499 sqft

              Listing information deemed reliable but not guaranteed. Read full disclaimer.

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                Residents in Carmel Valley, San Diego are mostly laid back people.

                Locals love to spend their weekend either going to the beach, biking or hiking the many local trails and parks.

                To find out more information about Carlsbad Valley visit our community page here!

                 

                torreyflowersTorrey Pines State Reserve

                The residents of Carmel Valley are extremely fond of this place because… well why not? The reserve is only a few minutes away and is one of San Diegos must see’s. This reserve is blessed to have these amazing cliffs overlooking the ocean and a beach that runs along the bottom. This is a favorite place for not just locals but for tourist from around the world. There are many trails that range from 1 to 5 miles long. Riding bicycles and unfortunately walking dogs are not allowed here but missing them on your visit in this relaxing place is going to be worth it once you see it!

                Dog Beach in Del Mar

                DelMarDogBeach1

                This beach stands for its name; it’s the Disneyland for dogs.  It is a perfect place for your dogs to play in the ocean, have fun and meet other four legged friends. Dog beach in Del Mar is only a quick 5 minute drive from Carmel and is definitely one of the favorite places of local dog enthusiasts as well as tourists.

                Del Mar City Beach

                delmar2

                If you are a resident of Carmel Valley San Diego it is expected that you must have at least once in your life visited this famous beach not only Caramels residents but all San Diegans. People usually just sit on the sand, bring food and watch the waves. There is a huge variety of restaurants to choose from! Just make sure to watch where you park so that you don’t get a fine. There is no beach service, so if you plan to stay longer, you can bring your own chairs, umbrellas or tent.

                One of the reasons why Del Mar beach is a favorite hangout for locals and tourists alike is that, it’s just a walking distance from the downtown’s shops, restaurants, nightlife and so on.  You can just grab a coffee from one of the local coffee shops and buy a sandwich when you are hungry, (if you are not the picnic type of a person), then go back to the beach and enjoy the world.

                Del Mar Beach is a favorite hangout for surf enthusiasts too because it is a great surfing area. In fact, a lot of people come here especially tourists, to watch surfers catch these waves.

                Carmel Valley San Diego is a place that is very comfortable to live in and suits all types of people. Singles, married, laid back, adventurous, sporty or classy, will love Carmel Valley.

                Make Carmel Valley your dream home. Search here!

                See all Real Estate in Carmel Valley community.
                (all data current as of 12/19/2014)

                1. 3 beds, 2 full, 1 part baths
                  Home size: 1,818 sq ft
                2. 4 beds, 2 full, 1 part baths
                  Home size: 2,170 sq ft
                  Lot size: 7,013 sqft
                3. 3 beds, 2 full, 1 part baths
                  Home size: 2,351 sq ft
                4. 3 beds, 2 full, 1 part baths
                  Home size: 1,533 sq ft
                5. 3 beds, 3 full baths
                  Home size: 1,985 sq ft
                  Lot size: 3,846 sqft

                Listing information deemed reliable but not guaranteed. Read full disclaimer.

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                  Carmel Valley is one of the newer communities in San Diego County

                  It was called North City West before but was changed to Carmel Valley when some of the local leaders master planned the urbanization of the place more than three decades ago.

                  To find out more information about Carlsbad Valley visit our community page here!

                   

                  Carmel Valley

                  The community originally covered a small area of the North County Inland before but because of its rapid development, it now covers the entire 92130.

                  Some of the newer real estate developments in Carmel Valley are Torrey Hills, Pacific Highlands and Carmel Valley Village.

                  Known to be one of the lavish communities in San Diego, Carmel Valley’s real estate consist of large houses, remarkable schools, community clubs and open space rentals. Being located in the center of San Diego County it is an absolute advantage for all residents who enjoy all that San Diego has to offer. A lot of real estate investors are putting their money in properties such as buildings for corporate offices, condo rentals/sale, and hotels such as the famous Carmel Valley Ranch and small business owners such as the newly opened Café Cantata and Gluten-free café slash cooking school The Curious Fork  in Solana Beach.

                  The people of Carmel Valley value education and train their children well. This is apparent in their multi awarded schools such as the Carmel Valley Middle School which is ranked as the #1 middle school in southern California and is ranked within the top five middle schools in California. Students from Carmel Valley always go home with medal on science fairs and also excel in sports fairs.

                  Residents of Carmel Valley love outdoor activities. Just recently, residents of Pacific Highlands were all very thrilled for the groundbreaking ceremony of the “Village” which is described to be the heart of the residents in the area where people can gather and enjoy the nature.

                  Carmel Valley is definitely a promising place to live and invest. Search for homes here!

                  See all Real Estate in Carmel Valley community.
                  (all data current as of 12/19/2014)

                  1. 3 beds, 2 full, 1 part baths
                    Home size: 1,818 sq ft
                  2. 4 beds, 2 full, 1 part baths
                    Home size: 2,170 sq ft
                    Lot size: 7,013 sqft
                  3. 3 beds, 2 full, 1 part baths
                    Home size: 2,351 sq ft
                  4. 3 beds, 2 full, 1 part baths
                    Home size: 1,533 sq ft
                  5. 3 beds, 3 full baths
                    Home size: 1,985 sq ft
                    Lot size: 3,846 sqft

                  Listing information deemed reliable but not guaranteed. Read full disclaimer.

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                    Carmel Valley has five communities each offering unique Real Estate:

                    Carmel Country Highlands, Central Carmel Valley, Del Mar Highlands, Del Mar Mesa, Pacific Highlands Ranch, Torrey Hills.

                    To find out more information about Carlsbad Valley visit our community page here!

                    Carmel Valley Real Estate-561-wide

                    Livability

                    Carmel Valley is one of the safest places to live in California. It is considered to be safer than 98.8% of the neighborhoods in San Diego and is known to be a community that has a low crime rates. This community which is located in the North County Inland area is ranked #22 in San Diego and #216 in California in terms of the state’s rating of livability.

                     

                    carmel-valley-real-estate

                    Cost of living

                     

                    The cost of living in Carmel Valley, San Diego is 38.6% higher than the San Diego average. But the income per resident in this lavish community is 90.6% higher than the rest of California. An average Carmel Valley homes value is also 88.4% higher ($770,000 as of March-June 2014) than the rest of San Diego’s communities. Inspite of this higher cost of living, Carmel Valley San Diego has a stable real estate market. In fact, the average listing price went up 1.4% as of June 16th amounting to $1,169,329 per property.

                     

                    Demographics

                    There are 5 public schools and 6 private schools in Carmel Valley. These are:

                     

                    Public schools

                    Carmel Valley Middle School

                    Earl Warren Junior High (Middle School)

                    Torrey Pines High School (Torrey Pines High School Foundation)

                    Canyon Crest High School

                    San Dieguito Adult School

                     

                    Private Schools

                    Del Mar Pines (grades K-6)

                    La Jolla Country Day

                    Fairbanks Country Day

                    The Grauer School (6th to 12th grade)

                    San Diego Jewish Academy

                    Cathedral Catholic High School

                    Carmel Valley is indeed one of the best places to live in San Diego. Search Carmel Valley Real Estate here to see for yourself.

                    See all Real Estate in Carmel Valley community.
                    (all data current as of 12/19/2014)

                    1. 3 beds, 3 full baths
                      Home size: 1,985 sq ft
                      Lot size: 3,846 sqft
                    2. 2 beds, 2 full baths
                      Home size: 1,020 sq ft
                    3. 3 beds, 3 full baths
                      Home size: 1,604 sq ft
                    4. 2 beds, 2 full baths
                      Home size: 950 sq ft
                    5. 2 beds, 2 full baths
                      Home size: 1,193 sq ft

                    Listing information deemed reliable but not guaranteed. Read full disclaimer.

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