Two of the biggest questions I am asked as a real estate professional lately is "How is the market?" and "What will 2014 be like for real estate?" Well, here are the answers.
How is the market?
Currently in San Diego county home prices are rising, inventory is low and mortgage interest rates are still very low.
What to expect.
The real estate market will continue to recover as the economy improves and more sellers regain equity in their homes. Inventory will then improve but it will be more expensive to buy a home in 2014 than it currently is due to rising prices and mortgage interest rates.
Should I buy now or wait?
You should buy now if you can. Inventory may be low but that doesn't mean you can't find the home of your dreams. It benefits you to buy now and take advantage of the low interest rates. Why wait for home prices and interest rates to go up?
Should I sell now?
That depends on your situation. If you are buying replacement home then yes! Take advantage of the interest rates and lower home prices. Not to mention there is less competition from other sellers.
But won't I be able to sell my current home for more in a year or two?
Yes the price of your current home should rise but so will the price of the new house you are buying and with all likelihood interest rates will rise as well. These are items you will be paying for years to come. Waiting could cost you thousands of dollars.
Showing posts with label home buying Rancho San Diego. Show all posts
Showing posts with label home buying Rancho San Diego. Show all posts
Tuesday, November 19, 2013
Monday, April 1, 2013
El Cajon Real Estate Report March 2013
I hope everyone had a great month and a Happy Easter. Here are the real estate statistics for all three zip codes in El Cajon. These numbers are for single family homes. If you would like the numbers for a different area or for condos, feel free to let me know.
92019
There are currently 32 active listings in El Cajon zip 92019. Ranging from $204,900 for 2 bedroom, 1 bathroom, 706 square feet to $1,788,000 for 4 bedroom, 5 bathroom, 4498 square feet.
39 properties are pending, (currently in escrow).
34 properties sold (closed escrow) in march. Ranging from $195,100 for 3 bedroom, 1 bathroom, 945 square feet to $721,500 for 5 bedroom, 4 bathroom, 4489 square feet. The average time on the market was 38 days!
92020
There are currently 41 active listings in El Cajon zip 92020. Ranging from $199,000 for 2 bedroom, 1 bathroom, 846 square feet to $1,595,000 for 6 bedroom, 5 bathroom, 5368 square feet.
40 properties are pending, (currently in escrow).
30 properties sold (closed escrow) in march. Ranging from $160,000 for 2 bedroom, 1 bathroom, 754 square feet to $820,000 for 3 bedroom, 4 bathroom, 3388 square feet. The average time on the market was 44 days!
92021
There are currently 42 active listings in El Cajon zip 92021. Ranging from $175,000 for 3 bedroom, 2 bathroom, 1568 square feet to $859,000 for 5 bedroom, 4 bathroom, 4861 square feet.
75 properties are pending, (currently in escrow)!
29 properties sold (closed escrow) in march. Ranging from $202,000 for 1 bedroom, 1 bathroom, 866 square feet to $700,000 for 4 bedroom, 4 bathroom, 3624 square feet. The average time on the market was 72 days.
92019
There are currently 32 active listings in El Cajon zip 92019. Ranging from $204,900 for 2 bedroom, 1 bathroom, 706 square feet to $1,788,000 for 4 bedroom, 5 bathroom, 4498 square feet.
39 properties are pending, (currently in escrow).
34 properties sold (closed escrow) in march. Ranging from $195,100 for 3 bedroom, 1 bathroom, 945 square feet to $721,500 for 5 bedroom, 4 bathroom, 4489 square feet. The average time on the market was 38 days!
92020
There are currently 41 active listings in El Cajon zip 92020. Ranging from $199,000 for 2 bedroom, 1 bathroom, 846 square feet to $1,595,000 for 6 bedroom, 5 bathroom, 5368 square feet.
40 properties are pending, (currently in escrow).
30 properties sold (closed escrow) in march. Ranging from $160,000 for 2 bedroom, 1 bathroom, 754 square feet to $820,000 for 3 bedroom, 4 bathroom, 3388 square feet. The average time on the market was 44 days!
92021
There are currently 42 active listings in El Cajon zip 92021. Ranging from $175,000 for 3 bedroom, 2 bathroom, 1568 square feet to $859,000 for 5 bedroom, 4 bathroom, 4861 square feet.
75 properties are pending, (currently in escrow)!
29 properties sold (closed escrow) in march. Ranging from $202,000 for 1 bedroom, 1 bathroom, 866 square feet to $700,000 for 4 bedroom, 4 bathroom, 3624 square feet. The average time on the market was 72 days.
Monday, February 4, 2013
El Cajon Real Estate Market Report - January 2013
It's a new month so that means it is time for the real estate market reports. Here are the statistics for El Cajon. I have included the numbers for single family homes in all three El Cajon zip codes.
92019
There are currently 44 active Real Estate listings in El Cajon zip code 92019. Ranging from $204,900 for 2 bedrooms, 2 bathrooms, 706 square feet to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
31 properties are pending (currently in escrow).
24 properties sold (closed escrow) in January. Ranging from $171,690 for 3 bedrooms, 2 bathrooms, 1158 square feet to $825,000 for 5 bedrooms, 5 bathrooms, 5128 square feet. The average time on the market was 85 days.
92020
There are currently 32 active Real Estate listings in El Cajon zip code 92020. Ranging from $204,900 for 2 bedrooms, 1 bathroom, 774 square feet to $1,595,000 for 6 bedrooms, 5 bathrooms, 5368 square feet.
43 properties are pending (currently in escrow).
33 properties sold (closed escrow) in January. Ranging from $187,500 for 2 bedrooms, 1 bathroom, 950 square feet to $656,000 for 3 bedrooms, 3 bathrooms, 2944 square feet. The average time on the market was 55 days.
92021
There are currently 34 active Real Estate listings in El Cajon zip code 92021. Ranging from $229,999 for 3 bedrooms, 2 bathrooms, 1704 square feet to $1,495,000 for 3 bedrooms, 3 bathrooms, 5500 square feet.
56 properties are pending (currently in escrow).
26 properties sold (closed escrow) in January. Ranging from $185,000 for 3 bedrooms, 3 bathrooms, 1610 square feet to $799,000 for 4 bedrooms, 3 bathrooms, 4296 square feet. The average time on the market was 46 days.
If you or anyone you know is considering buying or selling a home in El Cajon, please give me a call. I would be happy to help.
92019
There are currently 44 active Real Estate listings in El Cajon zip code 92019. Ranging from $204,900 for 2 bedrooms, 2 bathrooms, 706 square feet to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
31 properties are pending (currently in escrow).
24 properties sold (closed escrow) in January. Ranging from $171,690 for 3 bedrooms, 2 bathrooms, 1158 square feet to $825,000 for 5 bedrooms, 5 bathrooms, 5128 square feet. The average time on the market was 85 days.
92020
There are currently 32 active Real Estate listings in El Cajon zip code 92020. Ranging from $204,900 for 2 bedrooms, 1 bathroom, 774 square feet to $1,595,000 for 6 bedrooms, 5 bathrooms, 5368 square feet.
43 properties are pending (currently in escrow).
33 properties sold (closed escrow) in January. Ranging from $187,500 for 2 bedrooms, 1 bathroom, 950 square feet to $656,000 for 3 bedrooms, 3 bathrooms, 2944 square feet. The average time on the market was 55 days.
92021
There are currently 34 active Real Estate listings in El Cajon zip code 92021. Ranging from $229,999 for 3 bedrooms, 2 bathrooms, 1704 square feet to $1,495,000 for 3 bedrooms, 3 bathrooms, 5500 square feet.
56 properties are pending (currently in escrow).
26 properties sold (closed escrow) in January. Ranging from $185,000 for 3 bedrooms, 3 bathrooms, 1610 square feet to $799,000 for 4 bedrooms, 3 bathrooms, 4296 square feet. The average time on the market was 46 days.
If you or anyone you know is considering buying or selling a home in El Cajon, please give me a call. I would be happy to help.
Wednesday, January 16, 2013
Wednesday, January 2, 2013
El Cajon Real Estate Market Report - Dec 2012
Happy New Year. I can't believe it is 2013! Where did 2012 go? It is time for the monthly real estate market report for El Cajon. Below are the real estate statistics for December 2012. I have included the numbers for active listing, pending properties and single family homes that sold. The information is divided into the 3 El Cajon zip codes. If you would like information for another area or condos please feel free to give me a call.
92019
There are currently 44 active listings in El Cajon zip code 92019. These are homes that are currently on the market and available to purchase. They range from $235,000 for 2 bedrooms, 1 bathroom, 1180 square feet to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
33 properties are pending (currently in escrow).
22 properties sold in December. Ranging from $205,000 for 3 bedrooms, 1 bathroom, 1209 square feet to $695,000 for 3 bedrooms, 2 bathrooms, 2942 square feet. The average time on the market was 47 days.
92020
There are currently 40 active listings in El Cajon zip 92020. These are homes that are currently on the market and available to purchase. They range from $230,000 for 3 bedrooms, 2 bathrooms, 1435 square feet to $1,595,000 for 6 bedrooms, 5 bathrooms, 5368 square feet.
45 properties are pending (currently in escrow).
28 properties sold in December. Ranging from $185,000 for 2 bedrooms, 1 bathroom, 994 square feet to $640,000 for 3 bedrooms, 3 bathrooms, 2780 square feet. The average time on the market was 77 days.
92021
There are currently 32 active listings in El Cajon zip code 92021. These are homes that are currently on the market and available to purchase. They range from $171,900 for 2 bedrooms, 1 bathroom, 878 square feet to $1,495,000 for 3 bedrooms, 3 bathrooms, 5500 square feet.
47 properties are pending (currently in escrow).
35 properties sold in December. Ranging from $185,000 for 3 bedrooms, 2 bathrooms, 1198 square feet to $845,000 for 4 bedrooms, 4 bathrooms, 3505 square feet. The average time on the market was 91 days.
92019
There are currently 44 active listings in El Cajon zip code 92019. These are homes that are currently on the market and available to purchase. They range from $235,000 for 2 bedrooms, 1 bathroom, 1180 square feet to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
33 properties are pending (currently in escrow).
22 properties sold in December. Ranging from $205,000 for 3 bedrooms, 1 bathroom, 1209 square feet to $695,000 for 3 bedrooms, 2 bathrooms, 2942 square feet. The average time on the market was 47 days.
92020
There are currently 40 active listings in El Cajon zip 92020. These are homes that are currently on the market and available to purchase. They range from $230,000 for 3 bedrooms, 2 bathrooms, 1435 square feet to $1,595,000 for 6 bedrooms, 5 bathrooms, 5368 square feet.
45 properties are pending (currently in escrow).
28 properties sold in December. Ranging from $185,000 for 2 bedrooms, 1 bathroom, 994 square feet to $640,000 for 3 bedrooms, 3 bathrooms, 2780 square feet. The average time on the market was 77 days.
92021
There are currently 32 active listings in El Cajon zip code 92021. These are homes that are currently on the market and available to purchase. They range from $171,900 for 2 bedrooms, 1 bathroom, 878 square feet to $1,495,000 for 3 bedrooms, 3 bathrooms, 5500 square feet.
47 properties are pending (currently in escrow).
35 properties sold in December. Ranging from $185,000 for 3 bedrooms, 2 bathrooms, 1198 square feet to $845,000 for 4 bedrooms, 4 bathrooms, 3505 square feet. The average time on the market was 91 days.
Jamul Real Estate Market Report - Dec. 2012
Happy New Year everyone. I hope you all had a safe and joyous New Year. Here are the real estate statistics for Jamul. I have included the number of current listings, pending listings and the homes that sold in December 2012.
There are currently 21 active listings in Jamul. These are homes that are currently on the market and available to purchase. They range from $125,000 for 1 bedroom, 1 bathroom, 750 square feet to $2,600,000 for 3 bedrooms, 3 bathrooms, 2430 square feet.
11 properties are pending (currently in escrow).
11 properties sold in December. Ranging from $242,500 for 3 bedrooms, 1 bathroom, 1184 square feet to $1,347,500 for 6 bedrooms, 5 bathrooms, 6264 square feet. The average time on the market was 72 days.
If you are considering selling your home, please give me a call. I am here to assist you.
There are currently 21 active listings in Jamul. These are homes that are currently on the market and available to purchase. They range from $125,000 for 1 bedroom, 1 bathroom, 750 square feet to $2,600,000 for 3 bedrooms, 3 bathrooms, 2430 square feet.
11 properties are pending (currently in escrow).
11 properties sold in December. Ranging from $242,500 for 3 bedrooms, 1 bathroom, 1184 square feet to $1,347,500 for 6 bedrooms, 5 bathrooms, 6264 square feet. The average time on the market was 72 days.
If you are considering selling your home, please give me a call. I am here to assist you.
Thursday, December 6, 2012
Good News for FHA Buyers
The Federal Housing Administration (FHA) has extended the 90 day anti flipping waiver through 2014. This is good news for buyers who are using an FHA backed loan to purchase a property. FHA loans only required a 3.5% down payment. The extension of this waiver allows buyers to purchase a home that has been sold previously in the last 90 days.
If this waiver had not been extended, FHA buyers would not be able to buy a home that had been sold in the last 90 days. This would have seriously limited the number of properties they could purchase. FHA buyers are already limited by FHA standards as to the properties they can buy. You add the low inventory we have today and a FHA buyer would have had an even harder time finding a suitable property. I am so glad the waiver was extended.
If this waiver had not been extended, FHA buyers would not be able to buy a home that had been sold in the last 90 days. This would have seriously limited the number of properties they could purchase. FHA buyers are already limited by FHA standards as to the properties they can buy. You add the low inventory we have today and a FHA buyer would have had an even harder time finding a suitable property. I am so glad the waiver was extended.
Monday, December 3, 2012
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.
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.
Friday, November 2, 2012
El Cajon Real Estate Market Report - October 2012
Here is the monthly real estate report for all three zip codes in El Cajon, for the month of October. I have included the statistics for single family homes in El Cajon. If you would like information for condos or another area, please fee free to let me know.
92019
There are currently 51 Active listings for homes for sale in El Cajon zip code 92019. Ranging from $245,000 for 3 bedrooms, 2 bathrooms, 1540 sqft to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 sqft.
42 homes are pending, in escrow.
30 properties SOLD (closed escrow) in October, ranging from $215,000 for 3 bedrooms, 2 bathrooms, 1040 sqft to $820,000 for 5 bedrooms, 4 bathrooms, 4489 sqft. The average time on the market was 98 days.
92020
There are currently 43 Active listings for homes for sale in El Cajon zip code 92020. Ranging from $169,000 for 2 bedrooms, 1 bathroom, 648 sqft to $979,900 for 6 bedrooms, 3 bathrooms, 4038 sqft.
47 homes are pending, in escrow.
27 properties SOLD (closed escrow) in October, ranging from $191,000 for 2 bedrooms, 1 bathroom, 754 sqft to $750,000 for 6 bedrooms, 4 bathrooms, 3779 sqft. The average time on the market was 41 days.
92021
There are currently 53 Active listings for homes for sale in El Cajon zip code 92021. Ranging from $190,000 for 2 bedrooms, 1 bathroom, 1030 sqft to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 sqft.
60 homes are pending, in escrow.
36 properties SOLD (closed escrow) in October, ranging from $185,900 for 2 bedrooms, 3 bathrooms, 1696 sqft to $631,500 for 3 bedrooms, 3 bathrooms, 3176 sqft. The average time on the market was 61 days.
92019
There are currently 51 Active listings for homes for sale in El Cajon zip code 92019. Ranging from $245,000 for 3 bedrooms, 2 bathrooms, 1540 sqft to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 sqft.
42 homes are pending, in escrow.
30 properties SOLD (closed escrow) in October, ranging from $215,000 for 3 bedrooms, 2 bathrooms, 1040 sqft to $820,000 for 5 bedrooms, 4 bathrooms, 4489 sqft. The average time on the market was 98 days.
92020
There are currently 43 Active listings for homes for sale in El Cajon zip code 92020. Ranging from $169,000 for 2 bedrooms, 1 bathroom, 648 sqft to $979,900 for 6 bedrooms, 3 bathrooms, 4038 sqft.
47 homes are pending, in escrow.
27 properties SOLD (closed escrow) in October, ranging from $191,000 for 2 bedrooms, 1 bathroom, 754 sqft to $750,000 for 6 bedrooms, 4 bathrooms, 3779 sqft. The average time on the market was 41 days.
92021
There are currently 53 Active listings for homes for sale in El Cajon zip code 92021. Ranging from $190,000 for 2 bedrooms, 1 bathroom, 1030 sqft to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 sqft.
60 homes are pending, in escrow.
36 properties SOLD (closed escrow) in October, ranging from $185,900 for 2 bedrooms, 3 bathrooms, 1696 sqft to $631,500 for 3 bedrooms, 3 bathrooms, 3176 sqft. The average time on the market was 61 days.
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.
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.
Monday, October 29, 2012
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.
Thursday, October 18, 2012
Monday, October 1, 2012
El Cajon Real Estate Market Report - September 2012
October is here so it is to see what happened in the El Cajon real estate market during the month of September. I have included information for single family homes in all three of the El Cajon zip codes. If you would like information regarding a different area or for condos, just let me know.
92019
There are currently 49 Active real estate listings in El Cajon zip code 92019. Ranging from $239,000 for 3 bedrooms, 2 bathrooms, 1014 square feet to 1,899,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
54 properties are pending (currently in escrow).
28 properties sold (closed escrow) in September. Ranging from $190,000 for 3 bedrooms, 1 bathroom, 935 square feet to $702,600 for 6 bedrooms, 5 bathrooms, 6700 square feet. The average time on the market was 51 days.
92020
There are currently 54 Active listings in El Cajon zip code 92020. Ranging from $199,000 for 3 bedrooms, 1 bathroom, 1053 square feet to 975,000 for 3 bedrooms, 4 bathrooms, 3388 square feet.
39 properties are pending (currently in escrow).
31 properties sold (closed escrow) in September. Ranging from $165,000 for 3 bedrooms, 1 bathroom, 846 square feet to $700,000 for 4 bedrooms, 3 bathrooms, 2879 square feet. The average time on the market was 64 days.
92021
There are currently 68 Active listings in El Cajon zip code 92021. Ranging from $199,000 for 3 bedrooms, 2 bathrooms, 1454 square feet to 3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
58 properties are pending (currently in escrow).
40 properties sold (closed escrow) in September. Ranging from $153,000 for 3 bedrooms, 2 bathrooms, 1124 square feet to $620,000 for 4 bedrooms, 4 bathrooms, 3373 square feet. The average time on the market was 59 days.
92019
There are currently 49 Active real estate listings in El Cajon zip code 92019. Ranging from $239,000 for 3 bedrooms, 2 bathrooms, 1014 square feet to 1,899,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
54 properties are pending (currently in escrow).
28 properties sold (closed escrow) in September. Ranging from $190,000 for 3 bedrooms, 1 bathroom, 935 square feet to $702,600 for 6 bedrooms, 5 bathrooms, 6700 square feet. The average time on the market was 51 days.
92020
There are currently 54 Active listings in El Cajon zip code 92020. Ranging from $199,000 for 3 bedrooms, 1 bathroom, 1053 square feet to 975,000 for 3 bedrooms, 4 bathrooms, 3388 square feet.
39 properties are pending (currently in escrow).
31 properties sold (closed escrow) in September. Ranging from $165,000 for 3 bedrooms, 1 bathroom, 846 square feet to $700,000 for 4 bedrooms, 3 bathrooms, 2879 square feet. The average time on the market was 64 days.
92021
There are currently 68 Active listings in El Cajon zip code 92021. Ranging from $199,000 for 3 bedrooms, 2 bathrooms, 1454 square feet to 3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
58 properties are pending (currently in escrow).
40 properties sold (closed escrow) in September. Ranging from $153,000 for 3 bedrooms, 2 bathrooms, 1124 square feet to $620,000 for 4 bedrooms, 4 bathrooms, 3373 square feet. The average time on the market was 59 days.
Thursday, September 6, 2012
Jamul Real Estate Report - August 2012
Here are the real estate statistics for Jamul for the month of August. I have included the numbers for the active, pending and sold single family homes.
There are currently 31 active listings on the market. Ranging from $219,900 for 3 bedrooms, 3 bathrooms, 1717 square feet to $1,199,000 for 5 bedrooms, 5 bathrooms, 4434 square feet.
23 properties are pending (currently in escrow).
8 properties sold (closed escrow) in August. Ranging from $195,000 for 2 bedrooms, 1 bathroom, 810 square feet to $650,000 for 4 bedrooms, 3 bathrooms, 2619 square feet. The average time on the market was 126 days.
There are currently 31 active listings on the market. Ranging from $219,900 for 3 bedrooms, 3 bathrooms, 1717 square feet to $1,199,000 for 5 bedrooms, 5 bathrooms, 4434 square feet.
23 properties are pending (currently in escrow).
8 properties sold (closed escrow) in August. Ranging from $195,000 for 2 bedrooms, 1 bathroom, 810 square feet to $650,000 for 4 bedrooms, 3 bathrooms, 2619 square feet. The average time on the market was 126 days.
Tuesday, August 14, 2012
Great Investment
I came across a new listing in the condo complex that I live in and thought, WOW! The unit has 2 bedrooms, 2 full bathrooms and has 1371 square feet. It is located on the third floor, providing lots of privacy and views of the golf course and mountains. The best part is that it is listed for $175,000. Let's take a look at the numbers and see why I said WOW.
$175,000 list price
- $6150 (3.5 down payment. Yes the complex is FHA approved.)
__________
168,850 Loan amount
$808.00 (monthly payment and interest based on 3.9% interest rate)
$182.00 (estimated monthly property tax)
$ 51.00 (estimated monthly insurance)
$250.00 (current monthly HOA fee)
$127.00 (monthly mortgage insurance required with less than 20% down payment)
$1418.00 (total monthly payment)
Units like this one are currently renting for $1450-$1600. WOW! Own a home for less than rent or buy an investment property for instant cash flow! (FHA loans are for owner occupied purchases. Loans for investors would require higher down payment and change the numbers.) Please pass this one along to anyone you know who is looking for an investment opportunity or anyone who is tired of paying their landlord's mortgage. There are other great deals out there. Give me a call!
$175,000 list price
- $6150 (3.5 down payment. Yes the complex is FHA approved.)
__________
168,850 Loan amount
$808.00 (monthly payment and interest based on 3.9% interest rate)
$182.00 (estimated monthly property tax)
$ 51.00 (estimated monthly insurance)
$250.00 (current monthly HOA fee)
$127.00 (monthly mortgage insurance required with less than 20% down payment)
$1418.00 (total monthly payment)
Units like this one are currently renting for $1450-$1600. WOW! Own a home for less than rent or buy an investment property for instant cash flow! (FHA loans are for owner occupied purchases. Loans for investors would require higher down payment and change the numbers.) Please pass this one along to anyone you know who is looking for an investment opportunity or anyone who is tired of paying their landlord's mortgage. There are other great deals out there. Give me a call!
Wednesday, August 8, 2012
El Cajon Real Estate Market July 2012
Here are the July real estate statistics for the 3 zip codes in El Cajon. I have included the numbers for active, pending, and sold single family detached homes.
92019
There are currently 62 active listings in El Cajon (92019). Ranging from $188,000 for 2 bedrooms, 1 bathrooms, 837 square feet to $1,899,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
56 properties are pending (currently in escrow).
24 properties sold (closed escrow) in July. Ranging from $200,000 for 3 bedrooms, 2 bathrooms, 1400 square feet to $625,000 for 5 bedrooms, 5 bathrooms, 3835 square feet. The average time on the market for the properties that sold was 70 days.
92020
There are currently 48 active listings in El Cajon (92020). Ranging from $159,000 for 2 bedrooms, 1 bathrooms, 754 square feet to $1,000,000 for 6 bedrooms, 3 bathrooms, 4038 square feet.
52 properties are pending (currently in escrow).
34 properties sold (closed escrow) in July. Ranging from $165,000 for 2 bedrooms, 1 bathrooms, 840 square feet to $620,000 for 3 bedrooms, 3 bathrooms, 2508 square feet. The average time on the market for the properties that sold was 46 days.
92021
There are currently 59 active listings in El Cajon (92021). Ranging from $214,500 for 3 bedrooms, 2 bathrooms, 1384 square feet to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
71 properties are pending (currently in escrow).
43 properties sold (closed escrow) in July. Ranging from $119,900 for 1 bedrooms, 1 bathrooms, 546 square feet to $530,000 for 4 bedrooms, 3 bathrooms, 3274 square feet. The average time on the market for the properties that sold was 73 days.
92019
There are currently 62 active listings in El Cajon (92019). Ranging from $188,000 for 2 bedrooms, 1 bathrooms, 837 square feet to $1,899,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
56 properties are pending (currently in escrow).
24 properties sold (closed escrow) in July. Ranging from $200,000 for 3 bedrooms, 2 bathrooms, 1400 square feet to $625,000 for 5 bedrooms, 5 bathrooms, 3835 square feet. The average time on the market for the properties that sold was 70 days.
92020
There are currently 48 active listings in El Cajon (92020). Ranging from $159,000 for 2 bedrooms, 1 bathrooms, 754 square feet to $1,000,000 for 6 bedrooms, 3 bathrooms, 4038 square feet.
52 properties are pending (currently in escrow).
34 properties sold (closed escrow) in July. Ranging from $165,000 for 2 bedrooms, 1 bathrooms, 840 square feet to $620,000 for 3 bedrooms, 3 bathrooms, 2508 square feet. The average time on the market for the properties that sold was 46 days.
92021
There are currently 59 active listings in El Cajon (92021). Ranging from $214,500 for 3 bedrooms, 2 bathrooms, 1384 square feet to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
71 properties are pending (currently in escrow).
43 properties sold (closed escrow) in July. Ranging from $119,900 for 1 bedrooms, 1 bathrooms, 546 square feet to $530,000 for 4 bedrooms, 3 bathrooms, 3274 square feet. The average time on the market for the properties that sold was 73 days.
Jamul Real Estate Report July 2012
Here are the July real estate statistics for Jamul. I have included the numbers for active, pending, and sold single family detached homes.
There are currently 33 active listings in Jamul. Ranging from $175,000 for 2 bedrooms, 2 bathrooms, 1144 square feet to $1,250,000 for 6 bedrooms, 5 bathrooms, 6264 square feet.
18 properties are pending (currently in escrow).
7 properties sold (closed escrow) in July. Ranging from $152,000 for 3 bedrooms, 2 bathrooms, 1975 square feet to $655,000 for 4 bedrooms, 4 bathrooms, 4193 square feet. The average tme on the market for the properties that sold was 58 days.
There are currently 33 active listings in Jamul. Ranging from $175,000 for 2 bedrooms, 2 bathrooms, 1144 square feet to $1,250,000 for 6 bedrooms, 5 bathrooms, 6264 square feet.
18 properties are pending (currently in escrow).
7 properties sold (closed escrow) in July. Ranging from $152,000 for 3 bedrooms, 2 bathrooms, 1975 square feet to $655,000 for 4 bedrooms, 4 bathrooms, 4193 square feet. The average tme on the market for the properties that sold was 58 days.
Thursday, June 28, 2012
Want a $50 Gas Card?
I really appreciate the home buyers and sellers I have worked with and all the friends who send me referrals. So to show my appreciation to all my friends and clients both old and new, I am holding a drawing for a $50 gas card and $25 Starbucks gift card. All you have to do is complete and send the flyer pictured below back to me. The drawing will be held on July 10th, so do not delay in getting this back to me. Again, thank you all for supporting me and helping me grow my business!
Wednesday, June 6, 2012
A Hoarder House?
Yesterday I showed a house in El Cajon to some clients and while it wouldn't be featured on the TV show "Hoarders" it was close! There was stuff everywhere. Every horizontal surface was covered with stacks of items. Only the center of the floor was visible. The furniture was large and I do not think I have seen so many bookshelves in one place outside of the library! Closet doors would not close and I was seriously afraid to open any cabinet for fear of what would tumble out at us. Every room was like this. As you can imagine with all this stuff the place did not smell airy. It smelled of dust, dirty clothes and random old food. This my friends is not the way to get your home sold!
I have heard the rants and justifications from sellers before. "Well, the buyer will just need to look past it". Um how? You can't see any walls, floor or counters! "My home has the lived in feel, I don't like a prim and stuffy feel." The air is so stuffy I can't breathe! "I don't have time to organize." How are you going to move it all when we close escrow? "The carpet is new and will clean up nice". It is thread bare along the only accessible path. "We never use the fireplace so the bookcase in front is better" How will a buyer know the house has a fireplace?
If you are trying to sell your home you have to be realistic! The buyers who come to view a home want to be able to visualize themselves in the space. They cannot do this if there is hardly space for them in the room. The existing items are a distraction and become overwhelming to the buyers. When they see a messy and cluttered home you are NOT creating excitement or something that makes the buyers feel this is a move up to a better life. On the contrary it is depressing and who wants to live in a place that makes you feel like that?
When a buyer sees a dirty and cluttered space it tells them that the seller doesn't take care of their things and doesn't care. The buyer often thinks that this applies to the house as well. If someone can't sort through the years worth of mail or clean the dishes why would they assume that leaks are fixed quickly and regular maintenance done? By having a cluttered, messy home you are putting negative thoughts into the buyer's mind about the property. This is not a good thing.
One of the big things buyers want is space, usually the more the better. By having a cluttered mess the buyers see that the place is too small. Having closets over stuffed they assume there is not enough storage in the home. It is imperative that you get rid of items to open up the home and give a positive impression rather than a negative one. Get rid of the items in front of the windows, open the drapes, let the light shine in and allow the buyers to see that the house has windows and light!
I know it can be hard and overwhelming to pack up a home that you have lived in for a long time. I know, I just did it a couple of years ago. But if you are selling your home you are going to have to move so why not get a jump on the process and get better offers to negotiate? Not to mention if you start clearing out the junk you will have less to move in the end and if you are paying a mover the less you move the less it will cost you! You do not have to do it all in one day, start with one room or even one closet. Decide what you are taking with you, what you will donate and what is trash. Yes, I said it trash! Another hint would be to start using your reserves and not buying more. Really, do you want to move 49 cans of green beans and 14 cases of toilet paper? No more Costco runs!
Start before you put the home on the market and have a neat, organized home for the buyers to view. Continue the process as the home sells. You will be helping your home sell quicker and for more money and when it finally does sell your moving day will be much smoother. Good luck and happy sorting!
I have heard the rants and justifications from sellers before. "Well, the buyer will just need to look past it". Um how? You can't see any walls, floor or counters! "My home has the lived in feel, I don't like a prim and stuffy feel." The air is so stuffy I can't breathe! "I don't have time to organize." How are you going to move it all when we close escrow? "The carpet is new and will clean up nice". It is thread bare along the only accessible path. "We never use the fireplace so the bookcase in front is better" How will a buyer know the house has a fireplace?
If you are trying to sell your home you have to be realistic! The buyers who come to view a home want to be able to visualize themselves in the space. They cannot do this if there is hardly space for them in the room. The existing items are a distraction and become overwhelming to the buyers. When they see a messy and cluttered home you are NOT creating excitement or something that makes the buyers feel this is a move up to a better life. On the contrary it is depressing and who wants to live in a place that makes you feel like that?
When a buyer sees a dirty and cluttered space it tells them that the seller doesn't take care of their things and doesn't care. The buyer often thinks that this applies to the house as well. If someone can't sort through the years worth of mail or clean the dishes why would they assume that leaks are fixed quickly and regular maintenance done? By having a cluttered, messy home you are putting negative thoughts into the buyer's mind about the property. This is not a good thing.
One of the big things buyers want is space, usually the more the better. By having a cluttered mess the buyers see that the place is too small. Having closets over stuffed they assume there is not enough storage in the home. It is imperative that you get rid of items to open up the home and give a positive impression rather than a negative one. Get rid of the items in front of the windows, open the drapes, let the light shine in and allow the buyers to see that the house has windows and light!
I know it can be hard and overwhelming to pack up a home that you have lived in for a long time. I know, I just did it a couple of years ago. But if you are selling your home you are going to have to move so why not get a jump on the process and get better offers to negotiate? Not to mention if you start clearing out the junk you will have less to move in the end and if you are paying a mover the less you move the less it will cost you! You do not have to do it all in one day, start with one room or even one closet. Decide what you are taking with you, what you will donate and what is trash. Yes, I said it trash! Another hint would be to start using your reserves and not buying more. Really, do you want to move 49 cans of green beans and 14 cases of toilet paper? No more Costco runs!
Start before you put the home on the market and have a neat, organized home for the buyers to view. Continue the process as the home sells. You will be helping your home sell quicker and for more money and when it finally does sell your moving day will be much smoother. Good luck and happy sorting!
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