Altos Market Reports

July 2012

 The market reports continue to demonstrate the strengthening of the Residential Real Estate Market. 

Yesterday we posted the Prudential California Realty Market Trend Reports.  And like the Altos Reports, the trend is that the prices are steadily rising while the inventory is shrinking.  When you couple these conditions with the extremely low cost to borrow money, the market gets stronger.

Here is a Quick Trend View for Carlsbad:

1)                  Median Price – Moving up

2)                  Price per square foot – Moving up

3)                  Average days on the market – Moving Down

4)                  Inventory of Properties Listed – Moving Down

The Carlsbad Median Price trend line both 7-day average and 90-day average has moved up about $100,000 since hitting the 5 year low established in the December 2011 – January 2012 date range.  Encinitas, Solana Beach, Del Mar and Rancho Santa Fe have also experienced notable increases in the Median Price since the first of the year.

We are still in a buyer’s market and at the same time, the trend is moving toward to switch to a seller’s market.

It is extremely important to point out that the Altos reports data on homes that are currently for sale.  The Multiple Listing Service status for these listings is “Active” and “Contingent”.  Therefore influence of Short Sales will definitely affect these statistics.

We have numerous reports at our disposal so if you are looking for data generated from the recent sale of homes, take a look at our HomeDex Reports. 

As FULL TIME professional Realtors, we are here to help you with all of your real estate needs including but not limited to Buying a Home, Selling a Home, Renting and Home, Investing in Real Estate, or Commercial Opportunities.  We represent buyers and sellers in San Diego County, Orange County, and Riverside County. 

Please give us a call, email, or text.

Nick Taylor – California DRE Lic # 01823394

(760) 710-7234

Janet Taylor – California DRE Lice # 01814944

(760) 707-9291

nickandjanettaylor@gmail.com

www.livethesoutherncalifornialifestyle.com

Posted on The Taylors North San Diego County Real Estate

Posted on The Taylors North San Diego County Real Estate

There is no doubt that June was a very busy month for Home Sales in North San Diego County.  The year over year increase in the median price of sold single family detached homes has increased 4.44%.  But the big number is the number of single family detached homes sold this June versus June of 2011, the increase amounts to 21.47%.   And the most important number for both buyers and sellers is the decrease in number of single family detached homes for sale.  The number of active and contingent listings fell 35.33% from June of 2011.

Here is what everyone should consider when the statistics are moving in their current direction:

As the number of homes available to purchase declines, the number of buyers per available home increases.  This leads to multiple offers and higher prices.  Sellers who have been waiting on the sidelines are beginning to realize that this may be a real opportunity to garner a higher price than they could only a few short months ago.  The sellers raise their prices, the buyers pay more and the cycle continues.

If you are in the market to purchase a home, please consider that the prices may continue to slowly work their way up.  And, likewise if you are thinking about selling your home, a market condition in which there is an extreme shortage of product generally leads to quicker turns and higher prices. 

Please enjoy this month’s HomeDex Report.  This report is provided by the North San Diego County Association of Realtors.

View on our HomeDex Web Site

HomeDex_-_Full_County_7-12.pdf Download this file

HomeDex_-_North_County_7-12.pdf Download this file

Thanks, 

Janet and Nick Taylor

Posted on The Taylors North San Diego County Real Estate

Here is the Prudential California Realty electronic “Open House” magazine. When you click on the link below, you will be able to see the homes that will be open to the public this weekend. The dates and times are listed on each presentation. You can also click on the URL in each presentation and you will be taken directly to the Multiple Listing Link for the home.

Click this link for the Open House Magazine

Posted on The Taylors North San Diego County Real Estate

Back to a Seller’s Market

It’s OFFICIAL, the author of this Market Trend Report has declared that we are now in a SELLER’S MARKET!  The second paragraph of this report says this:

 Seller’s markets are characterized by high demand and low inventories, which results in altered behaviors from buyers and sellers.

 We really do have a shortage of homes for sale.  Per this report there are fewer than three months supply of detached homes priced up to $799,999.

Traditional_SD_Market_Report_7-12.pdf Download this file

Upscale_SD_Market_Report_7-12.pdf Download this file

Posted on The Taylors North San Diego County Real Estate

Ron Peltier is the President of Home Services of America, the real estate arm of Berkshire Hathaway.  In this interview he states that the recovery is aparent and the rate of recovery will not be a ‘Run Away’.  There are several factors that will impact the speed and strenght of the recovery.

Ron_Peltier_talks_about_the_housing_recovery.flv Watch on Posterous

Posted on The Taylors North San Diego County Real Estate

Hi There,

I thought you might like this article:
    June 2012 Car Sales: The Best-Selling (And Worst-Selling) Vehicles
    http://www.thecarconnection.com/news/1077501_june-2012-car-sales-the-best-selling-and-worst-selling-vehicles

Cheers,

Nick Taylor
760-710-7234
Sent from my Droid

Posted on The Taylors North San Diego County Real Estate

Ron Peltier is the President of Home Services of America, the real estate arm of Berkshire Hathaway.  In this interview he states that the recovery is aparent and the rate of recovery will not be a ‘Run Away’.  There are several factors that will impact the speed and strenght of the recovery.

<script type=”text/javascript” src=”http://video.foxbusiness.com/v/embed.js?id=1700677372001&w=466&h=263”></script><noscript>Watch the latest video at video.foxbusiness.com</noscript>

Posted on The Taylors North San Diego County Real Estate

May 2012 – San Diego Real Estate Market Reports

Greetings from The Taylors,

Most of you who know us realize that we are not the ones to constantly tout that the market has turned around and prices are on the upswing.  We continually advise our clients that the future of the market is unknown.  We do feel that the pace of decline is slowing and may begin to trend up sometime soon, but we still have not declared that the bottom has passed.  Each year we have a “Spring Time” bump in the market and this year is no exception.  Currently there is a trend of slight price increase, coupled with the severely reduced number of homes for sale and the continually low finance rates; it appears that we have turned the corner.  At least, that is what the news is saying.

Our advice is that you buy or sell based on your needs and not because you are attempting to “Time” the market.  Over the long term you will be much happier because you will get to live in and enjoy the home you really want.

Just today one of our clients paid us a big compliment.  The client said “You understand what customers want and move forward solidly”.  We hope that this is what all of our clients believe of us.  The greatest compliment that one can receive is the trust and confidence of their clients.

Here are this month’s San Diego Real Estate Market Reports:

HomeDex Report

San Diego Area Market Trends

HomeDex Annual Report

We want to make sure that we never fail to ask for your business.  We have the ability to help anyone no matter where they may need help.  We can represent buyers or sellers in both Residential and Commercial Real Estate.  Please remember that Prudential California Realty has world wide connections and we are always here to help.  We also welcome your referrals so please do provide our information or forward this message to anyone you like.

Thanks again for your continued support,

Janet & Nick Taylor

The Taylors

Posted on The Taylors North San Diego County Real Estate