San Diego real estate 2017
As I’m writing this we are in the last few of weeks of 2016 and our thoughts are now turning to the prospects for the San Diego real estate market in 2017.
Here in San Diego California the shortage of resale housing supply and the very favorable interest rate environment has maintained the momentum in home price appreciation for a number of years. Actually, 2016 San Diego real estate home appreciation was stronger than the majority of real estate insiders had predicted. Read more
San Diego Home Prices Hit Decade High
A real estate trend tracking company just reported that the San Diego median home price exceeded half $1 million for the first time in a decade! Yes, the San Diego County median home price in October was over the $500,000 mark. For October the San Diego County median home price was $507,500. so far for the year San Diego home prices were up 11%.
Although this is an excellent report for San Diego County homeowners, the snapback in the San Diego median home price has a way to go before it reaches the levels set in our last housing boom. In November 2005 the San Diego County median home price in an all time record of $517,500! Read more
California Small Plane Landing
A new way, at least for me, to view San Diego California real estate.
This was my first flight in a small plane piloted by a good friend of mine, Mr. Jim Wright. Actually, this video is the conclusion of the flight as we set up a perfect landing at Gillespie Field in El Cajon.
The plane is a Cessna 172SP, built in 1999.
What better way to see San Diego real estate than by air! This video is the conclusion of my first small plane flight ever as this two-seater Cessna lands that Gillespie Field in El Cajon. at the start of the flight, we headed west over downtown San Diego the car not all bridge and then headed up the coastline starting at Point Loma up to Delmar, where we turned inland and headed out towards Granite Peak and Mount Laguna, before turning around for a landing that Gillespie Field.
Did you know that there are about a little over 500,000 active certified pilots in the United States? I know this number might sound high but actually it’s been declining for the past couple of decades. Yes, in 1980 there are approximately 827,000 certified pilots in the USA and this was the high point. Read more
I’d like to take a moment to express my gratitude to all of you this Thanksgiving.
Over the years, I have met some truly wonderful people, and I wouldn’t be where I am today without all of your support.
Enjoy your Thanksgiving dinner with all of your family and friends—that’s what I plan to do!
In the meantime, if you have any real estate questions, please don’t hesitate to reach out. I would be happy to help you.
Bob & Judi
Real Estate Bubble 2017 – Another real estate bubble?
Now, don’t get super worried about this because I am not talking about the residential real estate market here. What I’m talking about, is the approximate $11 trillion U.S. commercial property sector.
Moody’s investor services recently issued a warning about the increasing delinquency rate in the commercial mortgage-backed securities (CMBS) market. This report indicated that delinquencies of 60 or more days at increased from 4.6% in 2015 to 5.6% in September 2016.
Another major financial rating institution, Fitch Ratings, in its November report indicated that this sector may be a trouble spot. In particular, this report singled out CMBS backed by apartment buildings as security, and also expressed concern about construction loans.
Another indicator of trouble ahead in the commercial real estate market is the Green Street Commercial Property Index. This well respected commercial property index hit its peak in 2007. Then, after you drop the index bottomed out in May 2009, since then the index has gained 107% and now is actually over its bubble high in 2007 by 26%! Read more
California Real Estate Home Prices
In a report just out from the California Association of Realtors, California home sales data shows that both the California median home price and California existing home sales both gained ground last month. The report showed that single-family detached home sales were up 8% compared to California home sales in October 2015. Read more
Have your worst election fears come true? did you use social media prior to the election results to state that if Trump won the presidential election you would move out of the country?
Well, if you intend to remain true to your promise, and you have a property in California, actually in San Diego in particular I’m making a special offer to try to save you quite a lot of money on the typical listing broker’s commission. Read more
Election Moving Realtor Discount
Today, with our hard-fought presidential election now history and Donald Trump President-elect, there are many who said that if this ever came about they would leave the country. There were at least two dozen celebrities who publicly stated that if Donald Trump won they would leave the country.
Well, I’m sure these celebrities and many others are in total disbelief today. I’m personally going to try to alleviate at least some of their mental anguish and at the same time provide them with some huge savings on the sale of any of their California residential properties. Yes, whether you are a celebrity or anyone else who has publicly stated on the Internet that they would move out of the country if Donald Trump was elected our president, I’d like to extend an offer to professionally list your property for a flat $500 fee. Naturally, I cannot list all the important factors/conditions with this offer in this post, so if you are interested in this listing discount offer, please email me and I’d be glad to send you the full details. This offer is valid for the next 30 days for any person who has publicly stated on the Internet, whether on a website, twitter or any other social media platform that they would leave the country if Donald Trump was elected president. Now’s your chance to save thousands on listing real estate commissions for your California residential property. Read more
Real Estate Color
If you’re getting ready to sell your home in San Diego perhaps one of the easiest ways to improve its appearance and salability is with a fresh coat of paint. But, did you know that selecting the right color can be very important?
Real Estate Color
Real Estate Halloween
here in California many people who get involved in a real estate transaction sometimes feel it’s very scary because of the myriad of paperwork that both the state and federal government require. So, as a fair warning if you haven’t sold or purchased a property yet in California, be prepared to be a little scared when you are confronted with what seems like an endless flow of required forms and disclosures.
If you have an experienced and knowledgeable real estate professional to assist you you won’t have any less paperwork but you will have an understanding of not only what you are signing, but insight into each forms intended purpose.yes, if you don’t want to feel scared or end up with a frightful outcome to your real estate transaction, it’s always best to have a seasoned real estate professional representing your interests. With that said, unfortunately even a real estate professional, can take the fright out of the hollowing season!