Jamul Home For Sale

Jamul Real Estate Report November 2012

Merry Christmas everyone!  It is time for the monthly real estate market report for Jamul.  Here are the numbers for November 2012.

There are currently only 20 active listings in Jamul.  They range from $231,110 for a 3 bedroom, 1 bathroom, 888 square feet to $2,600,000 for 3 bedroom, 3 bathroom, 2430 square feet.

15 properties are pending, (currently in escrow).

15 properties sold (closed escrow) in November.  Ranging fro $175,500 for 3 bedroom, 2 bathroom, 2000 square feet to $840,000 for 4 bedroom, 5 bathroom, 3610 square feet.  The average time on the market was 74 days.

With inventory so low in Jamul, now is the time to sell.  Why wait until after the holidays to list your home like everyone else does?  By listing now you will have less competition.  Call me today to get your home on the market.

I would like to wish you and your family a very Merry Christmas and a safe and Happy New Year.  I look forward to hearing from you and assisting you with all your real estate needs in the coming year.

Jamul Real Estate Report - October 2012

Talk about scarey!  It is already November and time for the monthy real estate market report for Jamul for the month of October.  I have included the statistics for single family homes in Jamul.  If you would like information for another area, please fee free to let me know.

There are currently 20 Active listings for homes for sale in Jamul.  Ranging from $264,000 for 3 bedrooms, 1 bathroom 1728 sqft to $2,600,000 for 3 bedrooms, 3 bathrooms, 2430 sqft.

22 homes are pending, in escrow.

5 properties SOLD (closed escrow) in October, ranging from $345,000 for 3 bedrooms, 3 bathrooms, 2645 sqft to $580,000 for 2 bedrooms, 4 bathrooms, 3900 sqft.  The average time on the market was 214 days.

Open House

Come by and see me! I am holding an Open House this coming weekend. Saturday November 3rd from 12:00 to 3:00. The address is 10350 San Carlos Ct, Spring Valley CA 91978.

Home For Sale in Spring Valley

Jamul Real Estate Market Report - January 2012

Today is the first of February so you know what that means... it is time for the monthly real estate reoprts.  Here are the stats for Jamul.  I have included the active, pending and sold numbers.  These are good to know if you are considering buying or selling a home in Jamul.

There are currentlyonly 35 active active listings in Jamul ranging from $195,000 for 2 bedrooms, 2 bathrooms, 792 square feet to $1,250,000 for 2 bedrooms, 3 bathrooms, 4360 square feet.

15 properties are pending (currently in escrow).

5 properties sold (closed escrow) in January.  Ranging from $300,000 for 5 bedroom, 5 bathroom, 4052 square feet to $710,000 for 4 bedroom, 3 bathroom, 3362 square feet.  The average time on the market was 197 days.

Want to see how this compared to last month? Jamul Real Estate Monthly Comparison

4 Bedroom El Cajon Home For Sale

Are you looking for a 4 bedroom home to purchase in El Cajon?  Here is a good opportunity for you to get a jump on the competition.  This home is not yet in the MLS, I am giving you the first shot.  This is a 4 bedroom, 2 bathroom, 1650 square foot home, listed for an affordable $299,000.  It was built in 1981 and is located on  quarter acre.  This is a regular equity sale, no banks to deal with!!  Can close quickly. More pics and information

Call me today for all the details.  I will be entering the listing into the MLS later today.

Get Ready for the Increase in Homes For Sale

With January right around the corner it is time to start preparing to sell your home. While I recommend to my clients not to wait until January, many prefer to list their home after the holidays. The inventory tends to drop in December which makes December a great time to get your home on the market but if you really need to wait until January, you need to make your home is priced competitively, if not aggressively. The prices in San Diego County have come down significantly over the past few years and you want to get as much out of your home as possible. You may be tempted to list at a higher price than comparable properties and reduce the list price as needed. DON"T DO IT.

Most experts agree that the best way to increase the odds of a successful sale is to list your home at fair market value. Do not increase the list price to "leave room for negotiation". The bottom line is that if you list above fair market value, you will have no one to negotiate with! Here's why, when a new listing hits the market real estate agents are going to see it and see if it is a fit for their buyers. If it is listed too high you are immediately labeling your property as "over-priced" in their minds. This is a difficult stigma to overcome. They are going to remember this every time they see your property and are unlikely to suggest it to their buyers. Buyers have become very savvy with the internet. They are able to watch the market months ahead of actually searching for a home. They understand what homes are selling for and will know if your house is overpriced. With the flood of inventory, they are unlikely to consider an overpriced home. Neither the agents nor the buyers are going to want to view your home.

With no showings your listing is going to go cold quickly. The longer it sits on the market the less likely it is to sell. Buyer and agents have the ability to see how long the home has been on the market. When a home is on the market for quite awhile buyers start to think there must be something wrong with it if no one else has put in an offer. This now becomes another obstacle for you to overcome. Your home can start to be used to sell your competition. Agents will share your property listing to a property listed at market value and guess what, the completion just became a deal by comparison.

You are also setting yourself up to tougher negotiations. Buyer's who views your home are more likely to feel like they are doing you a favor by submitting an offer on a home no one else wants. Even if you reduce to a fair market value they will not offer as much since it has been on the market for so long. They will not offer as much as a new comparable property.

While your home languishes on the market over priced you are missing opportunities. Buyer's who would be interested at your home at fair market value are buying other homes. Buyer's who might be interested are not viewing your home if it is out of their price point. All the while prices are continuing to decline and you will be forced to chase the market or stay put. I am assuming you want to sell, otherwise why is your home on the market?

Did you know that even if a buyer is willing to pay over market value for your home they will not be able to unless it is a cash deal. Any purchase that involves the buyer using financing is going to require an appraisal and a lender will not lend more that the appraised value and 99.99% of buyer's will not pay over appraised value.

If you want to sell your home you need to make sure it is listed at fair market value. Make sure you look at the comparable properties that have sold in your neighborhood in the last 30-60 days. That's right 30-60 days. Do not think that since your neighbor sold a year ago you will be able to get that price. Do not think because you have new carpet or paint you will get more. You won't. The only advantage will be you will get showings and offers but not a significantly higher price.

If you are thinking of selling your home, call me. I would be happy to sit down with you and honestly assess what your home will sell for so you can make an informed decision. Do not fall for the unscrupulous agents who tell your home is worth 20% more than the comps. They want your listing and that is all. I want to get your home sold.

Jamul Home For Sale

Brand new listing in Jamul.  Check out this 3 bedroom, 2 bathroom home.  You have to see this updated kitchen.  Horses are allowed and you can ride off the property to miles of trails.  This home is located just minutes from Rancho San Diego.  Call me for more information and to schedule and appointment to view.

2893 Echo Valley, Jamul

Alpine Real Estate Market Report August 2011

Here is my real estate market report for Alpine, California for August 2011.  I have included the number Active, Pending and Sold real estate listings for the 91901 zip code.  These numbers are for single family detached homes only.  I have not included condos, vacant land or multi unit buildings.

There are currently 92 active listings (Alpine properties for sale), ranging from $210,000 for 3 bedrooms, 2 bathrooms, 1360 square feet to $2,595,000 for 3 bedrooms, 3 bathrooms, 3000 square feet.

28 properties are pending (in escrow).

13 properties sold (closed escrow) in August, ranging from $170,000 for 2 bedrooms, 2 bathrooms, 1237 square feet to $575,000 for 4 bedrooms, 5 bathrooms, 4207 square feet.

The average time on the market for the properties that sold was 52 days.

Alpine Real Estate - July 2011

Here is the monthly real estate market report for Alpine.

There are currently 80 single family homes for sale in Alpine, ranging from $159,900 for 2 bedrooms, 1 bathroom, 1092 sqft to $2,595,000 for 3 bedrooms, 3 bathrooms, 3000 sqft.

22 properties are pending (in escrow).

15 properties SOLD (closed escrow), ranging from $175,000 for 2 bedrooms, 1 bathroom, 1082 sqft to $809,000 for 4 bedrooms, 4 bathrooms, 4305 sqft.  The average time on the market was 93 days.

If you would like more information about the active listings, feel free to search for Alpine homes for sale here. 

Jamul Real Estate Market - July 2011

It is time for my monthly real estate market report for Jamul.

There are currently 34 Active listings, ranging from $295,000 for 2 bedroom, 2 bathroom, 792 sqft to $1,399,000 for 6 bedrooms, 6 bathrooms, 6303 sqft.

12 property are pending (currently in escrow).

5 properties SOLD in July (closed escrow), ranging from $265,000 for 2 bedrooms, 2 bathrooms, 1088 sqft to $650,000 for 4 bedrooms, 6 bathrooms, 2529 sqft.  The average time on the market was 44 days.

If you would like more information about the properties that are currently on the market, feel free to search for Jamul homes for sale here.

Yesterday I posted on Facebook that 4 media giants were all saying that now is the time to buy a house.  I also had an office meeting that reiterated this point. 

1.  Here in San Diego county prices are way down, making homes so much more affordable than in recent years.  Locally the value has dropped by 5%-7% since earlier this year.
2.  Inventory is up.  There are many great properties to chose from.  The odds of you finding a home that really suits your needs has never been better. 
3.  Interest rates are very low.  Yesterday, FHA and VA rates were at 4.25%!  It is unlikely that they will go lower.  Fannie Mae and Freddie Mac are predicting interest rates to go up by 1% by year end.

You may be asking yourself why you should buy if prices are dropping and that is a good question.  First you ned to understand that their is difference between "price" and "cost".  The "price" is the purchase price, the amount the home sold for.  The "cost" is how much you will pay for the loan, your monthly payment and how much you will pay over the long run. 

When I work with buyers they are typically most interested in how much their monthly payement will be and if that payment is affordable.  But at the same time they seem to get hung up on the price. This could hurt them in the end.  They are concerned about "prices" declining and want to wait for the bottom to purchase.  But the reality is no one knows where the bottom is until prices start to go back up and you have missed the bottom anyway.  Not only that but the same property will now "cost" them more.  Did you know that a property's value would need to decline by about 10% in order to come close to compensating for a 1% increase in interest rates!

Investors always seem to be ahead of the general public when it comes to buying at the right time.  They do not wait until it is too late.  What are investors doing now?  They are buying!  Last month 39% of the real estate transactions were bought by investors.  More specifically, last week for one listing, 4 cash offers came in.  These investors had proof of funds of over $10,000,000.  These people know what they are doing! They have amassed a fortune by timing things correctly.  They know the returns are coming in, properties are cash flow, the returns exceed the current stock market and most importantly that NOW is the time to buy.

Here are the links to the articles I referenced yesterday.  Take a look and think about it.  If you are planning on buying, don't put it off.  Call me today!

Wall Street Journal
CBS Money Watch
Forbes Magazine
National Public Radio

Condo For Sale in San Diego

The price was just reduced today!  Do you have a student who will be going to Grossmont College this fall?  Here is a great 2 bedroom condo for sale in the area.  It is very conveniently located.  Take a look and pass it on.

Reduced! 3 Bedroom Condo in El Cajon For Sale

Here is a great 3 bedroom, 3 bath condo for sale in El Cajon.  This is a large unit with 1626 square feet.  Some of the features include a large master bedroom, 2 stories, laundry hook ups, and a garage.  Listed at only $190,000, why are you renting?  Take a look and let me know if you would like more information.

El Cajon Condo For Sale

Jamul Real Estate Market Report

It's that time again! Here are the real estate statistics for Jamul for the month of February 2011.

There are currently 46 active listings: ranging from $159,000 for 2 bedrooms, 2 baths, 1223 square feet to $2,350,000 for 6 bedrooms, 5 bathrooms, 6264 square feet.

13 properties are pending (currently in escrow).

6 properties sold (closed escrow): ranging from $186,000 for 2 bedrooms, 1 bathroom, 876 square feet to $819,000 for 4 bedrooms, 4 bathrooms, 3350 square feet.

If you would like more information regarding these properties or if you would like me to check another area, please feel free to give me a call.

El Cajon Rea Estate Stats - December 2010

Happy New Year everyone! Here is how the El Cajon real estate market looked for December 2010.  I have included statistics for all three zip codes.  This is for detached homes only.

Zip code 92019

There are currently 134 active listings currently on the market. Ranging from $175,000 for 3 bedrooms, 2 baths, 1014 square feet to $2,595,000 for 4 bedrooms, 6 baths, 5890 square feet.
36 properties are pending, currently in escrow.

17 properties SOLD (closed escrow) in December, ranging from $185,000 for 3 bedrooms, 1 bahs, 945 square feet to $810,000 for 5 bedrooms, 5 baths, 4847 square feet.  The average market time for the properties that sold was 76 days.


Zip code 92020


There are currently 100 active listings currently on the market. Ranging from $174,900 for 1 bedrooms, 1 baths, 1000 square feet to $1,195,000 for 4 bedrooms, 5 baths, 3519 square feet.

38 properties are pending, currently in escrow.

21 properties SOLD (closed escrow) in December, ranging from $168,000 for 2 bedrooms, 1 bahs, 994 square feet to $690,000 for 4 bedrooms, 5 baths, 3856 square feet. The average market time for the properties that sold was 72 days.


Zip code 92021


There are currently 115 active listings currently on the market. Ranging from $170,000 for 2 bedrooms, 2 baths, 1100 square feet to $1,200,000 for 3 bedrooms, 2 baths, 1500 square feet.

37 properties are pending, currently in escrow.

22 properties SOLD (closed escrow) in December, ranging from $167,000 for 2 bedrooms, 1 bahs, 904 square feet to $1,175,000 for 4 bedrooms, 4 baths, 6100 square feet. The average market time for the properties that sold was 59 days.

Jamul Real Estate Stats for Dec 10

Happy New Year everyone!  Here is how the Jamul real estate market looked for December 2010.

There are currently 47 active listings currently on the market.  Ranging from $199,000 for 5 bedrooms, 5 baths, 2070 square feet to $2,350,000 for 6 bedrooms, 5 baths, 6264 square feet.

9 properties are pending, currently in escrow.

7 properties SOLD (closed escrow) in December, ranging from $250,000 for 4 bedrooms, 2 bahs, 1356 square feet to $790,000 for 4 bedrooms, 3 baths, 3758 square feet.  Average market time was 72 days.

If you need further information or would like me to check another zip code, please feel free to give me a call.

Buy This 3 Bedroom Condo For Less Than Rent!

I was working with a client of mine and decided I should share this with all the renters out there.  You can buy a 3 bedroom, 2 bathroom condo for what many people are spending to rent a 2 bedroom.  Here is the breakdown...

Sales Price:                                  $180,000
FHA down payment of 3.5%      -$   6,300
Loan amount                                $173,700

Monthly payments would look like this based on above and a 4.5% interest rate.

$881.00 estimated pricipal and interest
$188.00 estimated property taxes
$ 50.00 estimated insurance
$295.00 estimated HOA Fee
-----------
$1414.00 total monthly payment!  Take a look at what can be yours.  http://www.postlets.com/res/4714764

If you are paying close to this and especially if you are paying more than this, we need to talk.  Why are you paying someone elses mortgage when you should be paying your own.  Not to mention there are good tax advantages and other perks to owning your own home.  Let me know if you are tired of renting and ready to own or if you would like to pick up another investment.

El Cajon Real Estate

Here are the real estate statistics for all three zip codes in El Cajon for the month of November 2010. I have included the active, pending and sold listings for single family detached.

92019 zip code

There are currently 140 active listings in El Cajon (92019), ranging from $175,000 for a 2 bedroom, 2 bath, 1131 square feet to $2,595,000 for a 4 bedroom, 6 bath, 5890 square feet.

37 properties are pending, currently in escrow.
16 properties sold in November, (closed escrow) ranging from $220,000 for 3 bedroom, 2 bathroom, 1224 square feet to $772,580 for 4 bedroom. 4 bathroom, 3702 square feet.


92020 zip code


There are currently 106 active listings in El Cajon (92020), ranging from $150,000 for a 2 bedroom, 1 bath, 816 square feet to $1,195,000 for a 4 bedroom, 5 bath, 3519 square feet.
46 properties are pending, currently in escrow.

21 properties sold in November, (closed escrow) ranging from $235,000 for 3 bedroom, 1 bathroom, 1035 square feet to $1,065,000 for 4 bedroom. 4 bathroom, 3500 square feet.



92021 zip code

There are currently 111 active listings in El Cajon (92021), ranging from $110,000 for a 2 bedroom, 2 bath, 760 square feet to $1,795,000 for a 3 bedroom, 2 bath, 7500 square feet.

46 properties are pending, currently in escrow.

18 properties sold in November, (closed escrow) ranging from $169,000 for 3 bedroom, 1 bathroom, 1230 square feet to $706,000 for 4 bedroom. 3 bathroom, 3223 square feet.


I hope you have a safe and Happy Holiday season.  Please feel free to call me if you need any more information.  Merry Christmas!!









I hope everyone has a very Merry Christmas! Be safe and enjoy.