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Archive for November 2010

30
Nov

San Diego Golf Course View Condominium

Resort living in San Diego! Direct golf course view condominium in Fashion Valley

Rarely available Lg. 1Br. w/panoramic eastern golf course views! Over $20k in upgrades! Simply beautiful – move-in ready! Elegant shutters, crown molding, newer Mba tub/walls/Ba doors. Newer Berber carpeting, Mirrored closets, ceiling fans, kit spots, gas fireplace w/wood mantel. Balcony entry from LR & BR. This is real LUXURY FOR LESS! Live in the heart of San Diego in a luxury resort-like, security community!

This home is value-ranged priced from $249,900 to $269,900. To view additional photos/details: San Diego condo for sale

30
Nov

Canary in the Gold Mine

real estate outlookGreece is the ‘canary in the gold mine’ and is emblematic of all the debt that western countries now have on its books and NO real way to pay the debt down or off. And this includes the USA. A total collapse isn’t out of the realm of possibilities. More and more economists have said as much since the Great Recession began and what the Great Recession brought to light was all the debt and financial chicanery used to prop up the GNP of most western nations, especially the USA.

It’s not Greeks who created the problem, but a systemic corruption of the upper echelon of politico-elites who abused the currency and created an overextended bureaucracy with way too many public employees who were handsomely rewarded for voting and maintaining the status quo… Read more »

17
Nov

San Diego Home Sales Take Huge Fall

San Diego home sale

San Diego home sale

The median price of a home in San Diego County increased 2.9 percent in October according to La Jolla-based MDA DataQuick. The same report showed home sales in San Diego County fell 25.1 percent in October, compared to the same month in 2009.

Read more »

16
Nov

San Diego’s Home Prices Projected to Fall Further

San Diego California home prices

San Diego California home prices

A report by Fiserv, which provides the data for the widely watched Standard & Poor’s/Case-Shiller Home Price Index, said San Diego prices rose now face a double-dip. They are projecting a 8.5 percent fall through 2011.

“Some of the largest declines in prices will occur in markets that had strong spring and summer 2010 price increases,” said David Stiff, Fiserv chief economist. “This is because the homebuyer tax credit delayed the correction in home prices that is necessary to return housing affordability to pre-bubble levels.”

San Diego home short sales

13
Nov

San Diego Home Prices

San Diego California home prices

San Diego California home prices

In yesterday’s San Diego Union Tribune the main story in the business section was titled “County and state home prices facing a ‘double dip’ They’re up from last year, but heading downward, Zillow and Realtors report“.  I give credit to the Union for reporting the facts, but to toot my own horn, here is part of what I said back in this blog on 5-1-10, in a post titled San Diego California Home Prices … Worst is Over : “I believe the government tax credits (which may be mostly speeding up sales that would have occurred normally) and the fact that a huge number of loans  were due to have their first adjustment this year, could cause a double dip in San Diego housing values.”

My point is that if you want a good indication about the current and future San Diego California home prices, you would be wise to get a free subscription to this blog.

Here are some facts from the most recent Seattle-based Zillow company report:

  • San Diego and four other California markets were the only ones nationally that posted price declines in the third quarter after five quarters of increase.
  • Zillow figures San Diego values are now 31.1 percent off their peak of $538,100 set in September 2005.
  • Zillow’s figures for San Diego in the third quarter showed an overall home value of $370,600, up 4.2 percent year over year but a 0.7 percent decline from the second to the third quarter and 0.3 percent decline from August to September.
  • Nationally, home values declined 4.3 percent year over year and 1.2 percent quarter over quarter. They have declined for 17 consecutive quarters and are down 25 percent their peak.
  • 23.2 percent of single-family homeowners nationally owe more than their homes are worth.

California short sales

3
Nov

San Diego Townhome For Sale

Large, Moderm 3Br.+Fam. Rm./2.5Ba Spanish Townhome

Just reduced $14,900 for quick offer!

Extremely desirable and rarely available ‘D’ plan. This is the largest model in Mariposa! Sunny ‘end’ location! Plus, it’s located in a quiet ‘inside’ location facing a green-belt!

Recently installed new kitchen appliances & finished elegant MBA remodel.

This model is actually larger than many SFH’s in the neighborhood! Plus, it’s only attached on one side & faces a green-belt. Tile entry flooring, classy wallpaper, vertical blinds & draperies, newer paint in kitchen creates an elegant modern atmosphere. Plus, whole house fan, dramatic vaulted ceilings. Family room w/raised brick fireplace. Functional breakfast nook.

Elevated dining room. Large library area, perfect for in-home office. The spacious Master Bedroom has walk-in closet. Good size patio w/added gate is perfect for al fresco dining or lazy afternoons.

This Spanish townhome combines warmth, comfort, and efficiency. All windows dual glazed for energy conservation. Copper water lines installed! Attached 2-car garage w/ newer opener & direct access into home. Complex has solar pool, spa!

Mariposa is a world away in feeling . . . a world of green hillsides, natural canyons, the San Diego River, and a very attractive community. Right next-door is the 5,700-acre Mission Trails Regional Park, one of the nation’s largest urban-area parks, a preserved wonderland of rugged backcountry, deep gorges, wood-shaded creeks, lake and hiking trails. Truly, a very unique place to live and share in all that San Diego has to offer without a long commute. Low $160 dues!
JUST REDUCED
Value Ranged $375,000 to $385,000

All measurements are approximate. Sq. Ft. is per builder’s flyer. Seller to select all related services. Bob Schwartz CA Lic#00706331   Call: 619-286-5604

San Diego Realtor