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Market Conditions in San Diego : Real Estate Advice

  • All2K
  • Local Info150
  • Home Buying978
  • Home Selling108
  • Market Conditions78

Activity 85
Tue Jul 16, 2013
Atifa Rashan answered:
Sat Apr 6, 2013
Chad Basinger answered:
Hello,

What I am seeing in North County Inland is that rents are stable, or for those who have not made any changes in a while, they are able to up their monthly rental rates. As a general rule of thumb (of course, it depends on the location, condition of the unit, et.al), rentals are getting a solid 1.3-1.4 of the square footage. As for single family homes, wow!! Prices are clearly up with multiple offers, many well above already higher listed prices. It is funny to see human psychology and the herd mentality at play once again. As the saying goes, the "trend is your friend." Unfortunately, any time something is extreme, whether it be a substantial rise or decline in prices, I don't believe it is necessarily the best thing for the market. It will be interesting to see how this all unfolds.

Sincerely,

Chad Basinger, REALTOR®, CPA, CFP®
858-997-3704
chad@chadbasinger.com
... more
0 votes 5 answers Share Flag
Wed Mar 27, 2013
Cindy Davis answered:
Forgive me...what there a question?
0 votes 6 answers Share Flag
Sat Oct 27, 2012
Don Tepper answered:
Question for you: Why are you cluttering up the Q&A area with your issue? You didn't ask a question, and you're more likely to get a useful response by contacting Trulia.
0 votes 3 answers Share Flag
Thu Feb 21, 2013
Donny Hay answered:
Fellow Licensed professionals, please do not respond to Trulia's fake question posts. Trulia is lying to gain our business and I believe it is criminal.
0 votes 3 answers Share Flag
Wed Jan 14, 2015
Juleen M Thompson answered:
Seven Oaks is a 55 and older community. There are detacted and attached homes. There is an active recreational community center. For tennis players, there is also an arrangement between the Swim and Tennis CLub and the resident tennis players of Seven Oaks.

Oaks North, is another 55 and older community also located in Rancho Bernardo. This community has a public golf course that meanders throughout the various areas of this retirement community. Oaks North, has detached and attached homes, but also aprtment- like condos. It too has its own recreation center with many amenities.

I have been a resident of Rancho Bernardo for over 40 years and selling real estate in the community for 24 years.
Plesase call on me for further information, or if you wish to relocate to either of these retirement communities.

Juleen Thompson
Realty Experts
(858) 673-2191
... more
0 votes 9 answers Share Flag
Tue Jul 31, 2012
Cindy Davis answered:
Good speaking with you Janice! I sent my contact information to your email.

Have a great day.
0 votes 3 answers Share Flag
Tue Jul 16, 2013
Hector Gastelum answered:
hi Christian,

The general trend is this: If homes are priced right, they will sell quickly. There are homes were the Realtor or the seller are not realistic and you seen last forever. There is opportunity for the buyer to submit the right offer and get a bargain, but it has to be on the right listing. I don't like to generalize too much like I just did, because I feel every listing is a specialty within itself.


Hector R. Gastelum
Realty Executives Dillon
REALTOR #01382940
2240 Otay Lakes Rd. #306
Chula Vista, Ca 91913
hectorgastelum@yahoo.com
619-954-2225
125*142*10754
... more
0 votes 11 answers Share Flag
Fri May 18, 2012
Sally Grenier answered:
First of all, you need a Realtor working for you as a Buyer's Agent, if you don't already have one. He/she will explain the home buying process, offer strategy, etc. Assessed value should have nothing to do with what you offer. Your agent will want to do a "CMA" (comparative market analysis) on the property to see what similar homes have been selling for in recent months. Why not look at the assessed value? Because different states & counties calculate this differently. This is just for determining taxes, and sometimes their calculations are taken from 12-18 months ago! It is NOT an accurate picture of what a home should/would sell for under current market conditions. Things have changed a LOT from 18 months ago. Talk to your REALTOR! ... more
0 votes 13 answers Share Flag
Thu May 3, 2012
John Maruri answered:
If you are reffering to a purchase then nope. Although 10% EM deposit and a 7 day inspection will greatly make your offer stand out compared to the rest, its not typically the norm. Typically EM is no less than 1k and you have a 17 day inspection period. Again if you raise your EM beyond that and shorten your inspection period it makes your offer more competitive. Also the seller may counter both those terms in the negotiation period to something more to thier liking. Thanks again and please dont hesitate to contact me if you have any additonal questions. ... more
0 votes 11 answers Share Flag
Thu Apr 19, 2012
David Indermill answered:
Hi Kelley,
Please send me your email address and I can email you some NCND'S that you can get some ideas
off of and customize yours to fit your needs.

Best Wishes,
David Indermill
david@sandiegohomestore.com
... more
0 votes 3 answers Share Flag
Mon Apr 9, 2012
Sinead McAllister answered:
Hi Wheelerql.
What property are you referring to? Your question doesn't reference the property.

Feel free to contact me directly about current market rents, as my brokerage provides property management services in addition to residential sales.

Thanks!
Sinead McAllister
Broker
McAllister Homes Real Estate and Property Management
858-205-5215
brokermcallister@gmail.com
... more
0 votes 5 answers Share Flag
Thu May 3, 2012
Kari Shea answered:
Hi Janet,

The Fed has stated they will maintain mortgage rates through 2012 and have hinted through 2013. As we are all aware, much of this discussion has to do with world economics as well.

All of us in real estate know how important the interest rates are to the real estate economy. We read an article in a business magazine that stated the economy will not fully recover until the real estate market bounces back.

Best to all,

Mark & Kari Shea
Shea Real Estate
Serving Greater San Diego
... more
0 votes 10 answers Share Flag
Wed Feb 8, 2012
Cory La Scala answered:
But - out of how many short sales offered?
0 votes 4 answers Share Flag
Fri Dec 23, 2011
Tim Moore answered:
As far as I am concerned they are either scams or wastes of money and energy. You might get some names from them but there is no way they majority of them are good leads. I know many come from obscure websites where they are asked in they want to buy a house and they click yes. That is not what I call a good lead. Save your money and just say NO to them. Some poor starving Realtor out there will say Yes and throw away even more money -- BUT NOT ME ANYMORE. I tried three times and three times I wasted money.

Even Realtor.com wants to sell you $350 worth of upgrades to their site - waste of money IMHO.
... more
0 votes 9 answers Share Flag
Wed Oct 12, 2011
Raul Vasquez answered:
If you have a choice you difinitely want to go with Wachovia. They have the fastest turn times. Wachovia will get the approval without an investor approval which can take months. The short sale department will make all the decisions, so you will close quickly sometimes in 30 days. I wish all short sales are like Wachovia's. Raul.
Raul Vasquez


Homeowners Realty
122 Civic Center Drive #205
Vista, Ca. 92084
Office # 760-631-0004
Fax # 760-631-2288
Cell # 619 948-1094
raulvasquezzz@gmail.com
... more
0 votes 8 answers Share Flag
Wed Sep 5, 2012
Abu Musa answered:
Wed Aug 31, 2011
Anna M Brocco answered:
Average time does vary by exact location, size, condition, amenities, etc., if interested in knowing about a specific area/complex, work with an agent; he/she can provide all necessary information. ... more
0 votes 6 answers Share Flag
Fri Jan 14, 2011
Christa Borellini answered:
Hi,
By non-coastal downtown neighborhoods I assume you meant Little Italy, Columbia and the Marina District which are all on the bay. Your choice then would have to be the Gas Lamp which does command high rents, but is not on the bay.
If you'd like to know more about the downtown areas you can view my website below.
Best wishes,
Christa Borellin#01761296
... more
0 votes 1 answer Share Flag
Fri Jan 7, 2011
Kari Shea answered:
Hi Derek,

We recommend that you Google the Case Schiller reports put out by Standard & Poor and take the time to read them. We encourage Buyers, Sellers & Agents to use the data available to become an expert in their own market area.

While none of us have a crystal ball, all "current economic indicators" show that prices will decrease. How much is yet to be seen. The Case Schiller report shows that California is faring better than other areas nationally.

Best to you,

Mark & Kari Shea
Shea Real Estate
Serving Greater San Diego
... more
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