Contact Us







* fields are required

Blog: REAL ESTATE

May 2018 Real Estate Market in Review

May’s San Diego real estate market in review: As of May 2018, the median detached home in San Diego County sold for $625,000 up 7.8% from the previous year.

Median Sales Detatched

As of  May 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $411,500, up 6.9% from last year.

Median Sales Twnhome

The average detached home in San Diego spent 32 days on the market.

Avg Mkt Time Detatched

Condos, twinhomes, and townhomes in San Diego spent an average of 26 days on the market.

Avg Mkt Time Attatched

As of May 2018, the average seller of a detached home in San Diego County receives 97.6% of the original list price at the close of the sale.

detatched % original

As of May 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.6% of the original list price.

attatcched % orig

The inventory of homes in San Diego County is still very low.

MOINV Detatched

The supply of attached properties is also quite low.

MOINV Attatched

Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!

House 2 Home Success Stories: Montellano Terrace

We have discovered that the best way to sell a San Diego house quickly and for the best price is to turn it into a home.

We have aligned ourselves with the best in the business to do whatever it takes to prepare a house for sale and turn it into a buyer’s dream home. Whether it’s painting, replacing carpet or flooring, landscaping,cosmetic repairs, or staging, we know what to do to prepare your home to shine.

The House 2 Home Program was created as a way to showcase these seller services. Whether you’re currently still living in a home or are selling a vacant property, we will be happy to discuss our plan to prepare your home for the San Diego Market.

We’ll take you inside a few of the homes that have benefited from our House 2 Home Program. Real sellers, real homes, real measurable results. These are their stories:

Montellano Terrace

Montellano h2h1

Previously Listed With 1 Other Broker BEFORE House 2 Home

Days on Market AFTER House 2 Home: 12 Days

What We Did: We painted walls, painted cabinets, installed new flooring, carpet, lighting and counter tops. We then staged the house, and took professional photos.

Montellano h2h3

Montellano h2h4 (1)

Why It Could Be Beneficial to Invest in San Diego Real Estate

San Diego is world renowned for it’s beautiful coastal wild life, historical and modern cities, and of course its sunny, beach culture. There is no doubt that San Diego attracts tourists and visitors from all around the world to experience the San Diego lifestyle. Both locals and outsiders can both agree that San Diego is a beautiful place with an overabundance of exciting activities and new adventures to embark on, but one also has to wonder if San Diego is also a good place to invest in property or to own a home?

Currently, the overall US housing market is thriving and many individuals are looking to invest in property all over the country, but of course there are some specific location that would be better than others to invest in property. Experts conclude that San Diego housing prices will continue to increase, and even if there is an unexpected decline, it will still be above the rate of inflation. In the NAR Quarterly Report released in February, 2016 it was that San Diego ranked 5th in the most expensive housing markets in the United States where the median sales price was up 5.9% at $486,000. However like many other cities, economists predict that San Diego’s surge up in home prices will start to slow as some estimate that it is close to peaking.

In terms of rent prices, San Diego was ranked number 10 in American cities where rent was growing the fastest. There is a high level of competitiveness among renters in San Diego since the rent-ability is only around 5% in latest statistics, however this can mean great news for property investors and landowners. If the property you are investing in is decent condition in a fairly nice location, you will receive many applications and options to rent out your house or apartment. With this level of competition and demand, owning a property and renting it out is an effective and smart way to have another solid source of income and increase cash flow.

San Diego is also one of the few places in the US where out-of-town investors are encouraged and willing to invest and buy property. Due to San Diego’s low crime rates, comfortable climate, and a bustling economy in the tourism, technological, and medical fields, non-San Diegans have goods reasons to safely invest in property with minimal risk. Finally, the cultural and ethnic diversity in San Diego makes its a very warm and welcoming city; on top of which, San Diego is also renowned place to live for it’s top rated schools, efficient public transportation, and is environmentally aware and friendly. There is no question that San Diego is a great and amazing city and owning or investing in a property here would only be beneficial and positive!

sd-tour-1.jpg

Recipe: Low-Cal Fettuccine Alfredo

1382539856907.jpeg

What you need:

  • 1 tablespoon unsalted butter
  • 1 clove garlic, minced
  • 1 teaspoon grated lemon zest
  • 2 teaspoons all-purpose flour
  • 1 cup low-fat (2%) milk
  • Kosher salt
  • 2 tablespoons Neufchtel or low-fat cream cheese
  • 3/4 cup grated parmesan cheese, plus more for topping
  • 3 tablespoons chopped fresh parsley
  • 12 ounces fresh fettuccine
  • Freshly ground pepper

How To:

  1. Make the sauce: Melt the butter in a skillet over medium heat. Add the garlic and lemon zest and cook until the garlic is slightly soft, about 1 minute. Add in the flour and cook, stirring with a wooden spoon, 1 minute. Whisk in the milk and 3/4 teaspoon salt and cook, whisking constantly, until just thickened, about 3 minutes. Add the Neufchatel and parmesan cheese; whisk until melted, about 1 minute. Stir in the chopped parsley.
  2. Meanwhile, bring a large pot of salted water to a boil. Add the fettuccine and cook until al dente, 2 to 3 minutes. Reserve 1 cup cooking water, then drain the pasta and return to the pot.
  3. Add the sauce and 1/2 cup of the reserved cooking water to the pasta and gently toss to combine, adding more cooking water as needed to loosen. Season with salt. Divide among bowls and top with parmesan and pepper.

5 Home-Selling Tips Everyone Hears and May Want To Ignore

a15b18aec3b1e388baf2fe361bc9d778w-c0xd-w685_h860_q80.jpgOne of the hardest parts of selling your home is all the unknowns: Who will buy your place, and for how much? How long will it take? That uncertainty might make you particularly eager to soak up advice from just about anyone who’s willing to share. Problem is, just because your sister or co-worker swear by certain rules that worked for them, it doesn’t mean they’ll be a magic solution for you, too.

Fact is, a lot of the real estate advice circulating out there is outdated, region-specific, or just plain wrong. As proof, check out this list of tips that many home sellers hear … then learn how these words of wisdom don’t always hold water. Let this serve as a reminder that when selling a home, you should take everything you hear with a huge grain of salt.

‘You should always list your home in the spring’

Common knowledge says home-buying season starts in the spring and goes through the fall. Not true, says Melisa Aponte, a real estate agent with the Keyes Group in Miami, FL.

“January is a great listing month,” she points out. “People are back from the holidays and ready to start looking.”

Well, at least in places that don’t have a nasty winter, like Miami. Which makes a larger point about real estate advice in general, Aponte says: Every market is different, and what’s great advice in one area can be terrible advice in another.

Besides, when it comes to deciding when to list a home, there are two sides to the coin. Busier times mean more buyers, but also more sellers and more competition. Listing your home when inventory is low could snag the right buyer quickly. Life is unpredictable, and there will always be buyers looking in the “off season,” too.

‘You’ll find your buyer at an open house’

Open houses are exciting, akin to a debutante ball where your home makes its fresh-faced appearance to scads of suitors all at once. And that’s fine, but don’t expect this to be the venue where you find “the one” who makes an offer. While that can occur, open houses are more like parties, filled with swains who aren’t ready to settle down, says Anita Clark, a real estate agent in Warner Robins, GA. Serious home buyers will more often request a private one-on-one showing instead.

Of course, you don’t want to skip the open house entirely. It’s a great way for people to browse, and hey, you never know. Maybe your looky-loo neighbor has a family member who would love to buy your place after all. But it’s time to let go of the idea that an open house is a key step on the road to your ultimate buyer.

‘You can save money by paying less in commission’

Reluctant to fork over the 6% commission that real estate agents typically request to sell your home? Sure, that may seem like a lot of money, but what you might not realize is just how much work an agent does behind the scenes.

“A lot of people don’t understand that an agent’s job is more than just listing the home on the MLS,” says Aponte. Agents’ commissions pay for their time and for marketing materials. Posters, flyers, broker open houses, and yard signs all come from the money you pay your agent.

But beyond that, “it gives your agent the power to offer money to other agents who have qualified buyers,” she explains. That’s because the buyer’s agent and the seller’s agent split the commission.

Though in an ideal world, buyers’ agents would show them every property in their price range, regardless of commission, unfortunately it doesn’t always work that way, says Aponte.

“So if there are a lot of properties on the market and you’re only offering 2% commission, there are agents who won’t show that property,” she says.

Ultimately, you get what you pay for, and a higher commission can often justify itself in the sense that you can reel in tons of buyers, and (hopefully) spark a bidding war that’ll fetch top dollar.

‘Price your home high—and hold out for a buyer who’ll pay it’

Of course you want to get the most you can for your property. Still, pricing it sky-high and hoping a gullible buyer will fall for this aspirational sum? Not a great plan.

“I want to sell your property for a million dollars too, but I would be doing you a disservice to price it that way if the comps are saying $500,000,” says Aponte. Home buyers are highly sensitive to overpaying, and will quickly steer clear. And the longer your house sits on the market, the more buyers will begin to think something’s wrong with it … and lob you a lowball offer.

The best way to avoid this debacle is to price a house right from the start—not too high, not too low—and then seriously consider any offers that roll in, even if they aren’t as great as you’d hoped. To start things off, you can enter your address in a home value estimator to get a ballpark figure of how much your home is worth, then fine-tune that number with an agent’s help.

‘Here’s what the market is going to look like next year…’

Sure, it makes sense that real estate professionals will make educated guesses to help guide buyers’ and sellers’ decision-making. The operative word here is “educated.” Fact is, nobody really knows what the market is going to do; if they did, the housing crash of 2008 would have looked a lot different!

“Beware of ‘future’ predictions that don’t come from a reputable source,” says Dillar Schwartz, a real estate agent in Austin, TX. Sure, your brother-in-law or best friend might be trying to help, but keep in mind that their armchair philosophizing about the future of real estate is just an opinion—nothing more.

Soft and Chewy Chocolate Chip Cookies

soft and chewy chocolate chip cookies

Chocolate chip cookies are a go-to favorite dessert, sweet snack, or after-school treat. With our easy, three-step recipe, you’ll have soft and chewy chocolate chip cookies to serve and enjoy in no time.

INGREDIENTS

2 1/4 cups all-purpose flour

1/2 teaspoon baking soda

1 cup (2 sticks) unsalted butter, room temperature

1/2 cup granulated sugar

1 cup packed light-brown sugar

1 teaspoon salt 2 teaspoons pure vanilla extract

2 large eggs

2 cups (about 12 ounces) semisweet and/or milk chocolate chips

DIRECTIONS

1.  Preheat oven to 350 degrees. In a small bowl, whisk together the flour and baking soda; set aside. In the bowl of an electric mixer fitted with the paddle attachment, combine the butter with both sugars; beat on medium speed until light and fluffy. Reduce speed to low; add the salt, vanilla, and eggs. Beat until well mixed, about 1 minute. Add flour mixture; mix until just combined. Stir in the chocolate chips.

2. Drop heaping tablespoon-size balls of dough about 2 inches apart on baking sheets lined with parchment paper.

3. Bake until cookies are golden around the edges, but still soft in the center, 8 to 10 minutes. Remove from oven, and let cool on baking sheet 1 to 2 minutes. Transfer to a wire rack, and let cool completely. Store cookies in an airtight container at room temperature up to 1 week.

 

COOK’S NOTES

If desired, use a small ice-cream scoop for uniform-size cookies.

Deadly Homebuying Pitfalls

Buying a home is a huge deal for everyone. Unfortunately, there are many big mistakes and pitfalls that buyers often make. These mistakes complicate the home buying process and can cost you tons of money and time correcting the mistakes.

Many buyers get caught up in the excitement of purchasing a home and let their emotions make decisions, only to find out they missed an important step. This post will explore some of the biggest pitfalls buyers make when looking to purchase a home.

Deadly home buying pitfalls:

1 – Not Getting Proper and Professional Help

It’s important to remember that while you may be able to learn a lot about purchasing a home on the internet, it is impossible to learn everything. Real estate is a constantly evolving market and something you read just last year could now be useless.

There are many aspects of purchasing a house that buyers don’t even know exist. From the buyers and sellers agent, to appraisers,to inspectors, to attorneys and mortgage bankers. Each one of those jobs have professionals that perform those tasks 8 hours a day, every day of the year, and have perfected the profession. Trying to save a few hundred dollars by skipping out on an inspection or attorneys is foolish and almost always returns to haunt you.

2 – Not Getting Pre-Qualified Before Looking at Homes

Most people enjoy looking at new homes, but do not enjoy talking about the money aspect. Obtaining a proper pre-approval will save you tons of stress later in the process.

Getting a proper pre-approval allows you to know exactly how much money you are capable of spending on a house and helps you narrow down the market to what you can afford. Additionally, some buyers are able to use their pre-approval as a negotiating tool to help get the price down.

3 – Thinking Too Short Term And Ignoring The Long Term

When looking to purchase a home people tend to think about the next 4-5 years of their life, instead of the next 8-10, which is where they should be thinking. Yes, 5 years is a long time and a lot can change from job and marital status to children, but selling your home does have a cost. If the market does not appreciate quick enough you can stand to not get your moneys worth from the original purchase.

Obviously there are many circumstances that no body is able to predict, but spending time thinking through just some of the basic scenarios can save you a lot of trouble in the long run.

4 – Not Understanding The Full Costs Involved

There are many costs involved with purchasing a home that many buyers don’t realize. It is not just pay the listing price and it is yours. There is inspection costs, moving costs, closing costs, escrows, and more. Professionals can explain and walk you through all these extra costs, ensuring there are no surprises at the very end.

5 – Not Understanding Fair Market Value

One of the biggest issues when buying a house is buyers not understanding the market price of a home. People get caught up with what their parents think it should cost, or what you can afford in total, or with personal opinions about the price of a home which often is far different than the market value. There is a very organized process to determine the market price of a home that involves reviewing similar comparable homes that sold within the nearby vicinity.

It is important to know what the market value is because a house can be listed over, under, or exactly at market price. Being able to recognize the difference between the listing price and the market price can save you lots of stress and money and help you formulate a concrete offer.

Recipe: Stuffed Green Peppers

Image result for stuffed green peppers

What you need:

  • 6 green bell peppers
  • Salt & Pepper to taste
  • 1 lb ground beef
  • 1/3 cup chopped onion
  • 1 can whole peeled tomatoes, chopped
  • 1 teaspoon Worcestershire sauce
  • 1/2 cup uncooked rice
  • 1/2 cup water
  • 1 cup shredded cheddar cheese
  • 2 cans condensed tomato soup
  • Water as needed

How To:

  1. Bring a large pot of salted water to a boil. Cut the tops off the peppers, and remove the seeds. Cook peppers in boiling water for 5 minutes; drain. Sprinkle salt inside each pepper, and set aside.
  2. In a large skillet, saute beef and onions for 5 minutes, or until beef is browned. Drain off excess fat, and season with salt and pepper. Stir in the tomatoes, rice, 1/2 cup water and Worcestershire sauce. Cover, and simmer for 15 minutes, or until rice is tender. Remove from heat, and stir in the cheese.
  3. Preheat the oven to 350 degrees F. (175 degrees C). Stuff each pepper with the beef and rice mixture, and place peppers open side up in a baking dish. In a medium bowl, combine tomato soup with just enough water to make the soup a gravy consistency. Pour over the peppers.
  4. Bake covered for 25 to 35 minutes, until heated through and cheese is melted and bubbly.

June 2018 Real Estate Market in Review

June's San Diego real estate market in review: As of June 2018, the median detached home in San Diego County sold for $629,000 up 7.5% from the previous year.

Capture

As of  June 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $413,000, up 6.7% from last year.

Capture

The average detached home in San Diego spent 32 days on the market.

Capture

Condos, twinhomes, and townhomes in San Diego spent an average of 26 days on the market.

Avg Mkt Time Attatched

As of June 2018, the average seller of a detached home in San Diego County receives 97.6% of the original list price at the close of the sale.

detatched % original

As of June 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.5% of the original list price.

Capture

The inventory of homes in San Diego County is still very low.

Capture

The supply of attached properties is also quite low.

Capture

Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!

Recipe: Rosemary Ranch Chicken Kabobs

642001.jpg

 

What You Need: 

  • 1/2 cup olive oil
  • 1/2 cup ranch dressing
  • 3 tablespoons Worcestershire sauce
  • 1 tablespoon minced fresh rosemary
  • 2 teaspoons salt
  • 1 teaspoon lemon juice
  • 1 teaspoon white vinegar
  • 1/4 teaspoon ground black pepper, or to taste
  • 1 tablespoon white sugar, or to taste (optional)
  • 5 skinless, boneless chicken breast halves – cut into 1 inch cubes

 

How To:

  1. In a medium bowl, stir together the olive oil, ranch dressing, Worcestershire sauce, rosemary, salt, lemon juice, white vinegar, pepper, and sugar. Let stand for 5 minutes. Place chicken in the bowl, and stir to coat with the marinade. Cover and refrigerate for 30 minutes.
  2. Preheat the grill for medium-high heat. Thread chicken onto skewers and discard marinade.
  3. Lightly oil the grill grate. Grill skewers for 8 to 12 minutes, or until the chicken is no longer pink in the center, and the juices run clear. 

Coastal Premier Properties, Inc | 12625 High Bluff Dr #102 San Diego, CA 92130 | 858.755.4663 | CA BRE # 01861547

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu