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Wesley Guest's Blog

By Wesley Guest | Managing Broker in San Diego, CA
  • HD Video Tour and Details for 842 Leah Lane for sale in Escondido by Wesley Guest

    Posted Under: General Area in 92029, Home Buying in 92029, Home Selling in 92029  |  July 18, 2014 12:25 PM  |  30 views  |  No comments

    Detached home, 4 bedrooms, 5 bathrooms, 3711 sq ft, 2 master bedrooms, over 2.21 acres.


    Incredible counrty style living yet minutes from the shopping and the freeway.  This home is over 3700 sq ft and on a nearly fully useable lot at over 2.21 acres. 

    Please contact me for details and enjoy the video tour below:

    842 leah lane in escondido video tour
  • My San Diego Real Estate Predictions for 2014

    Posted Under: General Area in San Diego County, Home Buying in San Diego County, Home Selling in San Diego County  |  January 16, 2014 2:10 PM  |  518 views  |  No comments

    My San Diego Real Estate Predictions for 2014:  2013 was a firestorm for San Diego real estate.  For the first half of the year, we experienced a strong sellers market with multiple offers from home buyers on just about anything with walls, a door, and a roof.  By the second half of 2013, San Diego real estate inventory levels started to rise along with an uptick in interest rates.  The result was a return to a balanced or normal real estate market.  So what is in store for 2104 in San Diego?

    1. Prices Will Continue to Rise but at a Sustainable Pace.  San Diego will see an increase in home inventory as more homeowners achieve positive equity and sell their homes.  This will include the “move up” home seller and the retirees looking to “down size”.
    2. Interest Rates Will Continue to Rise.  The Federal Reserve announcement that it is reducing their purchase of mortgage backed securities should create an upward trend in interest rates that could slow price escalations.  We will be at a or near 5.2% by close of 2014 as compared to approximately 4.5% in the present market.

    See my other 3 predictions here

  • Frequently Asked Questions About FHA Loans

    Posted Under: Home Buying in San Diego, Home Selling in San Diego, Financing in San Diego  |  November 29, 2013 2:46 PM  |  611 views  |  1 comment

    Frequently Asked Questions About FHA Loans:

    There is a lot of information available about FHA loans.  The problem is the more I was searching for relevant content to present to my readers about the FHA process and eligibility requirements, the more bad information I realized was floating around.  I have a great deal of experience working with FHA loans.  Here is a list of questions and answers for some of the most frequently asked questions about FHA loans I get from home buyers, home sellers, and agents throughout San Diego:

    Does a condominium or building have to be approved to use an FHA loan?  Yes, it must be full approved by HUD (Department is Housing and Urban Development.  It is very simple to check FHA approval status.  Simply log onto the HUD website at https://entp.hud.gov/idapp/html/condlook.cfm and search.  If your target condo or building is on list and is “approved”, you are good to go.  If it is not listed, it says rejected, it says withdrawn, or is not listed then it is not FHA approved.  There is “secret” source for FHA approval.  It’s listed here or is not FHA approved.

    Can I get an FHA spot approval?  No.  These no longer exist as of 2 years ago.  Anyone talking about FHA spot approvals is living in 2010.

    San Diego Real Estate for Sale

    Do FHA approvals expire?  Yes.  They used to last forever but that didn’t work out so well (just check out the FHA housing market stats from 2006 to 2007).  As of two years ago, all FHA approvals were scrapped and all parties interested in being FHA approved again had to re-apply for approval.  Now, FHA approvals only last 2 years.

    Does it matter if my condominium, town home, or building is not FHA approved?  Yes.  Let’s put it this way:  Simply economics says if the demand increases, so does price.  Do you think having the ability to sell your property to a larger pool or buyers will increase or decrease demand for you condo, town home, or properties in your complex / building?

    Finding this information helpful?  Read the rest of this article here

  • Downtown San Diego Real Estate: Here Come The Latest Bosa Development Condos

    Posted Under: Home Buying in 92101, Home Selling in 92101, Investment Properties in 92101  |  October 10, 2013 4:52 PM  |  746 views  |  No comments
    Downtown San Diego Real Estate: Here Come The Latest Bosa Development Condos

    Bosa Development is getting set to break ground in the first half of next year on their latest luxury high rise project.  Current plans call for the location to be along the waterfront along Pacific Coast Highway near Electra and Park Place.  Details are still being released but the latest information indicates the building to be 41 stories high, 221 units, and price points starting in the low $700,000′s.  Completion date is set for 2016.  In addition, Bosa is also planning to break ground on yet another new luxury high rise in 2015.

    Downtown San Diego Real Estate for Sale

    The Downtown San Diego Real Estate market has not seen any new residential construction since 2009.  From 2001 through 2009, builders finished nearly 8,300 units.  The only construction currently happening is mainly located in East Village and Little Italy (all large scale rental apartments and commercial units).  Oh how a couple years can change Downtown San Diego Real Estate market scene.

    READ MORE...

    New Bosa Development Building in Downtown San Diego

  • Downtown San Diego Real Estate Market for October 2013

    Posted Under: Market Conditions in 92101, Home Buying in 92101, Home Selling in 92101  |  October 9, 2013 11:17 AM  |  676 views  |  No comments

    The Downtown San Diego Real Estate Market for October 2013:  Big changes for October 2013 in Downtown San Diego.  We have officially entered a “Normal” or “Balanced” Market. 

    For More Downtown San Diego Real Estate Market Details, Click Here

    Downtown San Diego Real Estate Market Report for October 2013:

    • 253 Active Listings for Sale as of October 9th, 2013
    • Average Days on Market to Sell: 47 Days (October 2012 was 83 Days)
    • 65 Total Sales for October 2013 (October 2012 had 65 Total Sales)
    • Median Sales Price for October 2013: $502,500 (October 2012 was $380,000) â–² 24%
    • 4 Month’s Inventory (253 Active Listings / 62 Sales) Normal Market
    • Highest sale Pics & Video: Bayside, 34th floor, 2 Bed for $2,875,000
    • Lowest sale Pics & Video: Element, 7th floor, Loft for $175,000
    • Most Expensive Current Listing, Pics & Video: Harbor Club, $9.975M
    • Least Expensive Current Listing, Pics & Video: Park Terrace, $220,000

    Breakdown by Neighborhood for October 2013:

    For More Downtown San Diego Real Estate Market Details, Click Here

  • La Jolla Real Estate Market Report for September 2013

    Posted Under: General Area in La Jolla, Home Buying in La Jolla, Home Selling in La Jolla  |  September 12, 2013 7:17 PM  |  809 views  |  1 comment

    The La Jolla Real Estate Market Report for September 2013 below:

    The Single Family Residence or Detached Home market in La Jolla is in balance.  We are seeing strong gains on a monthly and year to date basis.  The condo market in La Jolla is completely different right now.  It is a very strong seller's market with just under 3 month's supply of real estate.  Prices have also trended way up since a year ago.  Please review the results below:

    The La Jolla Real Estate Market Report for September 2013:

    Single Family Residence (Detached Homes)

    • 198 Active Listings for Sale as of September 12th, 2013
    • Average Days on Market to Sell: 53 Days (September 2012 was 95 Days)
    • 29 Total Sales for September 2013 (September 2012 had 31 Total Sales)
    • Median Sales Price for September 2013: $1,650,000 (September 2012 was $1,258,456) â–² 24%
    • Median Sales Price YTD 2013: $1,550,000 (YTD 2012 was $1,300,000) â–² 16%
    • 7 Month's Inventory (198 Active Listings / 29 Sales) Balanced Market

    Condominiums and Town Homes (All Attached Homes)

    READ MORE HERE...

  • Downtown San Diego Real Estate Market Report for September 2013

    Posted Under: General Area in 92101, Home Buying in 92101, Home Selling in 92101  |  September 9, 2013 4:35 PM  |  860 views  |  No comments

    The Downtown San Diego Real Estate Market for September 2013 is in! Before I start to write, please see the numbers below. We are still experiencing a strong seller's market that is slowly starting to change as more inventory continues to comes to market and mortagage interest rates continue to climb. Results Below:

    Downtown San Diego Real Estate Market Report for September 2013:

    • 234 Active Listings for Sale as of September 8th, 2013
    • Average Days on Market to Sell: 51 Days (September 2012 was 69 Days)
    • 78 Total Sales for September 2013 (September 2012 had 83 Total Sales)
    • Median Sales Price for September 2013: $450,000 (September 2012 was $385,000) â–² 15%
    • 3 Month's Inventory (234 Active Listings / 78 Sales) Seller's Market

    READ MORE...




    downtown san diego real estate market report for september 2013
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