San Diego Real Estate trends were expected to be promising in 2015, and the predictions were right!March 2015 Stats

We are off to a great year with closed sales being up 3.4%, Pending sales “Homes in Escrow” up an enormous 27.8%, and inventory being at its lowest point in over 8 months.   We have seen a lot of buyers enter the market due to interest rates dropping well below 4% this has caused a spike in new escrows being opened and caused inventory levels to drop over 15%, with limited inventory and high demand we have seen prices jump up 6% for residential detached homes and a whopping 15.4% for attached home “Condos & Town-homes”. All signs point to this continuing which has shifted the San Diego real estate market from a stable or flat market, into a Hot Market!

Detached Homes Attached homes
Closed sales + 3.4 % + 4.4 %
Pending sales + 27.8 % + 22.2 %
Inventory – 15.6 % – 17.9 %
Median Sales Price + 6.0% (1) + 15.4 % (2)
Days on Market – 6.4 % – 8.7 %
Supply -13.8 % – 15.4 %

Now if we take a quick look at the U.S. economy we are seeing some great signs there as well. Reports have assessed that on average, more people are employed and making more money than they were at this time last year. As one of the main financial factors when buying a home, employment is a key indicator for a prosperous residential real estate market. Also, another important factor to consider is mortgage rates. Fortunately interest rates are expected to stay low and that will keep inflation in check. That will translate into more buyers entering the market and help continue this great start to the year!

If you are looking to buy or sell Real Estate in San Diego County, reach out to us, we would be happy to help!

Buying or Selling, Call me

 

 

 

 

 

 

Search for your dream home here: Search San Diego Real Estate

See the most recent homes for sale here:

  1. 3 beds, 2 full, 1 part baths
    Home size: 1,982 sq ft
    Lot size: 7,499 sqft
  2. 3 beds, 2 full, 1 part baths
    Home size: 1,200 sq ft
    Lot size: 7,499 sqft
  3. 3 beds, 2 full baths
    Home size: 1,458 sq ft
    Lot size: 10,889 sqft
  4. 2 beds, 1 full bath
    Home size: 880 sq ft
    Lot size: 6,072 sqft
  5. 3 beds, 2 full baths
    Home size: 1,768 sq ft
    Lot size: 8,712 sqft
  6. 2 beds, 2 full baths
    Home size: 1,101 sq ft
  7. 3 beds, 2 full, 1 part baths
    Home size: 1,831 sq ft
  8. 3 beds, 2 full baths
    Home size: 1,572 sq ft
    Lot size: 6,799 sqft

See all Real estate matching your search.
(all data current as of 5/23/2015)

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

 

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    On a national average home sales are down, most likely because of the extremely bad weather sweeping over the nation, however down here in San Diego things couldn’t be any hotter, and I am not talking about this heat wave, I am talking about the real estate market!

    San Diego Real Estate Update March 2015

    Closed Sales only increased 1.3% for Detached homes, however Pending Sales increased 17.4% for Detached homes and 12.6% for Attached homes. Inventory decreased 14.3% for Detached homes and 16.6% for Attached homes.

    The Median Sales Price for San Diego was up 6.4% to $500,000 for Detached homes and 12.1% to $335,500 for Attached homes. This is huge and a great sign of what’s to come!

    When it comes to financing news, rumors are that Fannie Mae and Freddie Mac could one day be no more which has people wondering about the future of the 30- year fixed-rate mortgage and traditional agency loans. But let’s not run for the hills as of yet or “Paddle until we are in the boat” as my French Canadian lady would say. A drastic change to lending’s gold standard is certainly not on the immediate horizon. Meanwhile, the Federal Reserve seems to have no immediate interest in raising interest rates for the first time since 2006. The economy remains stable, which should keep the San Diego housing market rolling through 2015.

    1. 3 beds, 2 full, 1 part baths
      Home size: 1,200 sq ft
      Lot size: 7,499 sqft
    2. 4 beds, 2 full baths
      Home size: 1,514 sq ft
      Lot size: 7,499 sqft
    3. 3 beds, 2 full, 1 part baths
      Home size: 1,831 sq ft
    4. 3 beds, 2 full baths
      Home size: 1,572 sq ft
      Lot size: 6,799 sqft
    5. 3 beds, 2 full, 1 part baths
      Home size: 1,679 sq ft
      Lot size: 3,999 sqft
    6. 3 beds, 2 full baths
      Home size: 1,266 sq ft
      Lot size: 7,499 sqft
    7. 4 beds, 3 full baths
      Home size: 2,255 sq ft
      Lot size: 6,198 sqft
    8. 4 beds, 2 full, 1 part baths
      Home size: 1,813 sq ft
      Lot size: 3,999 sqft
    9. 3 beds, 2 full baths
      Home size: 1,101 sq ft
      Lot size: 3,219 sqft
    10. 3 beds, 3 full, 1 part baths
      Home size: 1,460 sq ft

    See all Real Estate in city of San Diego.
    (all data current as of 5/23/2015)

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

    Buying or Selling, Call me

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      Everything is pointing at 2015 being a good year for real estate in San Diego.

      Rates should stay low, however finance experts believe that rates San Diego Feb RE Statswon’t go any lower. Thats a good sign that buyers will get off the fence and buy while rates are at their lowest, which means more sales, more listings, more new construction and an increase in values. I am not expecting a crazy spike in the market but I am expecting a gradual 5% increase in values this year.

      Here is the proof in the pudding!  Pending Sales increased 12.8 percent for homes last month and 2.9 percent for Condos. Inventory decreased 16.8 percent, meaning less inventory and more demand. The Median Sales Price was up 5.3 percent to $500,000 for Homes and 10.0 percent to $332,000 for Condos. These are great signs for the market.

      If you are in the market to purchase, sell, upgrade or downsize, give us a call, we would love to help. 888-503-3117 or start your search now (Click Here)

      Here is a list of some of the newest Encinitas Real Estate for Sale.

      1. 4 beds, 2 full baths
        Home size: 1,831 sq ft
        Lot size: 7,000 sqft
      2. 4 beds, 3 full baths
        Home size: 2,299 sq ft
        Lot size: 7,405 sqft
      3. 3 beds, 2 full baths
        Home size: 1,421 sq ft
        Lot size: 10,698 sqft
      4. 1 bed, 1 full bath
        Home size: 722 sq ft
      5. 2 beds, 2 full baths
        Home size: 929 sq ft
      6. 2 beds, 2 full baths
        Home size: 1,056 sq ft
      7. 3 beds, 2 full baths
        Home size: 1,232 sq ft
      8. 2 beds, 1 full bath
        Home size: 781 sq ft
        Lot size: 7,499 sqft

      See all Real Estate in city of Encinitas.
      (all data current as of 5/23/2015)

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

       

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        , , ,

        Buyers often ask themselves: “Am I going to save money by searching for a home on my own and buying that home through the listing agent?”Save Money When buying a house

        Actually… it can sometimes save you money, that’s if the listing agent is willing to break the law and give up his fiduciary duty to his seller to represent them to the best of his ability. Yes the law says that us agents are allowed to assist both sides, but how can someone negotiate to the best of their ability for both sides of a transaction? Yes, I have seen these scenarios be successful, however it will only work if the agent steps out of the way and allows the buyer and seller to negotiate amongst themselves, however most sellers are not going to hire an agent that’s not going to negotiate for them. Therefore this scenario just doesn’t work.

        9 out of 10 times you are going to save more money by hiring an experienced buyers agent vs calling the listing agent!

        Given that Buying a house is most likely the biggest investment that you will ever make… wouldn’t you want someone to be in your corner and know that they are looking out for your best interest? Someone that is going to go to battle for you at the negotiating table?

        So, why do you need to hire a buyers agent?

        Well… you need someone who will help you understand the process, and how to keep you protected throughout this purchase. Before purchasing, your buyers agent will find you properties that match your criteria, send them to you and plan viewings, all according to your schedule. Once you find your dream home, your buyers agent will negotiate for you to make sure that you get the best possible price and terms.  They will research the property to find any known issues about the house, also advise on inspections, so hopefully you will not have any unexpected surprises in the future.

        Other key questions, such as: ‘How long as the house been on the market? What’s the current market like? Is there other offers on the house? If so, how can we make our offer more attractive?  Is there any contingencies?’ These questions can become very difficult to answer by yourself. Trust our experienced team to help you. Call us or reach us through our website. We would love to help. (Start your home search now) or scroll down to see our newest listings.

        Buying or Selling, Call me

         

        1. 5 beds, 3 full baths
          Home size: 2,962 sq ft
          Lot size: 1.94 ac
        2. 4 beds, 2 full baths
          Home size: 1,831 sq ft
          Lot size: 7,000 sqft
        3. 4 beds, 3 full baths
          Home size: 2,299 sq ft
          Lot size: 7,405 sqft
        4. 3 beds, 2 full baths
          Home size: 1,421 sq ft
          Lot size: 10,698 sqft
        5. 2 beds, 2 full baths
          Home size: 929 sq ft
        6. 4 beds, 3 full, 1 part baths
          Home size: 2,928 sq ft
          Lot size: 7,499 sqft
        7. 2 beds, 2 full baths
          Home size: 1,056 sq ft

        See all Real Estate in city of Encinitas.
        (all data current as of 5/23/2015)

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

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          , , , ,

          2014 seemed much like a recovery year here in San Diego because it wasn’t quite the same drastic climb we saw in 2013. But it definitely wasn’t a recovery year at all, it was a shift to be a stable market. We went from a market that was drastically under-supplied to a market that is reaching its equilibrium. And we believe it took a year to hit that mark and now we are ready to make that steady climb with December stats showing just that.Dec_2014_Stats

          Pending sales in Dec increased 14%, and inventory decreased 11.4%.

          The Median Sales price was up 7.5% and days on market decreased 9.6%.

          This is a great sign for whats ahead. What’s also helping this market is that interest rates remain low, which nobody expected. Our forecast for this year is great and we expect to see a steady growth through 2015.

          To search for your next home Click Here

          To find out what your home is worth Click Here

          Here are a few of the most recent listing to hit the San Diego Real Estate market!

          1. 4 beds, 2 full baths
            Home size: 1,831 sq ft
            Lot size: 7,000 sqft
          2. 4 beds, 3 full baths
            Home size: 2,299 sq ft
            Lot size: 7,405 sqft
          3. 3 beds, 2 full baths
            Home size: 1,421 sq ft
            Lot size: 10,698 sqft
          4. 1 bed, 1 full bath
            Home size: 722 sq ft
          5. 2 beds, 2 full baths
            Home size: 929 sq ft
          6. 2 beds, 2 full baths
            Home size: 1,056 sq ft
          7. 3 beds, 2 full baths
            Home size: 1,232 sq ft
          8. 2 beds, 2 full baths
            Home size: 1,344 sq ft
            Lot size: 3,999 sqft
          9. 2 beds, 1 full bath
            Home size: 781 sq ft
            Lot size: 7,499 sqft
          10. 2 beds, 2 full baths
            Home size: 1,344 sq ft
            Lot size: 7,499 sqft

          See all Real Estate in city of Encinitas.
          (all data current as of 5/23/2015)

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

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            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:

            1. 4 beds, 3 full baths
              Home size: 1,833 sq ft
              Lot size: 10,889 sqft
            2. 2 beds, 2 full baths
              Home size: 1,674 sq ft
            3. 4 beds, 2 full baths
              Home size: 1,926 sq ft
              Lot size: 26,571 sqft
            4. 3 beds, 2 full, 1 part baths
              Home size: 1,200 sq ft
              Lot size: 7,499 sqft
            5. 4 beds, 2 full baths
              Home size: 1,514 sq ft
              Lot size: 7,499 sqft

            See all San Diego.
            (all data current as of 5/23/2015)

            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

               

              1. 2 beds, 2 full, 1 part baths
                Home size: 1,631 sq ft
              2. 2 beds, 2 full baths
                Home size: 1,205 sq ft
                Lot size: 18,835 sqft
              3. 2 beds, 2 full baths
                Home size: 1,101 sq ft
              4. 3 beds, 2 full, 1 part baths
                Home size: 1,831 sq ft
              5. 2 beds, 2 full baths
                Home size: 1,205 sq ft
              6. 3 beds, 2 full baths
                Home size: 1,232 sq ft
              7. 2 beds, 2 full baths
                Home size: 1,150 sq ft
              8. 3 beds, 1 full, 1 part baths
                Home size: 1,334 sq ft
              9. 3 beds, 3 full, 1 part baths
                Home size: 1,460 sq ft
              10. 2 beds, 2 full, 1 part baths
                Home size: 1,394 sq ft

              See all Real Estate in city of San Diego.
              (all data current as of 5/23/2015)

              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.

                  1. 2 beds, 2 full baths
                    Home size: 1,875 sq ft
                    Lot size: 1.03 ac
                  2. 2 beds, 2 full baths
                    Home size: 1,272 sq ft
                    Lot size: 10,890 sqft
                  3. 2 beds, 2 full baths
                    Home size: 1,440 sq ft
                    Lot size: 4,356 sqft
                  4. 4 beds, 2 full, 1 part baths
                    Home size: 3,285 sq ft
                    Lot size: 10,890 sqft
                  5. 3 beds, 2 full baths
                    Home size: 1,350 sq ft
                    Lot size: 4,356 sqft

                  See all Real Estate in Fallbrook community.
                  (all data current as of 5/23/2015)

                  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.

                    1. 3 beds, 2 full baths
                      Home size: 1,500 sq ft
                      Lot size: 1.07 ac
                    2. 2 beds, 2 full baths
                      Home size: 1,850 sq ft
                      Lot size: 8,712 sqft
                    3. 3 beds, 2 full baths
                      Home size: 1,606 sq ft
                      Lot size: 10,454 sqft
                    4. 4 beds, 4 full baths
                      Home size: 3,703 sq ft
                      Lot size: 2.00 ac
                    5. 2 beds, 2 full baths
                      Home size: 1,050 sq ft

                    See all Real Estate in Bonsall community.
                    (all data current as of 5/23/2015)

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

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