The question is how much of a Real Estate Double Dip? San Diego Real Estate along with most of the real estate in the country has dipped according to the data from the Standard and Poor’s Case-Shiller Home Price Indices reported on May 31, 2011. The home price indices which is the leading measure of U.S. home prices shows the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011 compared to the 4th quarter of 2010. The San Diego Home Price Indices declined only 0.8% for the same time period in the 1st quarter of 2011.
The data from the Standard and Poor’s Case-Shiller Home Price Indices also showed that the annual decline was 5.1% compared with the first quarter of 2010. In respect the indices for San Diego Real Estate showed a decline of 4.0% from last year. The First Time Home Buyer Tax Credit program in 2009 and 2010 was also thought to be a large factor in bringing buyers to the market to help with the decline and stabilize home prices. This program is no longer available. I wonder if it’s time for the government to bring back some more incentives for home buyers to stabilize the market again. Maybe a program with more tax write offs in contrast to the proposed elimination of the home mortgage write off that some politicians have been peddling to pay for their huge mismanagement of America’s Tax Dollars and runaway spending.
After watching some of the talking heads on the television news networks it seems they are concerned that the latest unemployment numbers that fell way short of expectations are also fueling the low real estate activity and home price indices. The foreclosures that are still set to hit the market will of course add to the inventory as well as the short sales of upside down home owners. Some have also pointed out the unfriendly business practices of the current administration causing many businesses to hold back on hiring and expansion in the US. If this keeps up many of the new jobs may be expanded to foreign counties instead of the US. This would also hurt real estate.
I have personally seen many buyers in recent months jump into the San Diego Real Estate Market and I think the summer of 2011 looks like busy one for San Diego real estate agents. Time and releasing foreclosures and short selling the upside down homes will get us through to a more stable market. Compared to some of the recent drops in home price indices, a 4% drop although in the wrong direction is not something that should be too unexpected. Let’s face it we’re still in a fragile recovery. People still need homes to buy and many have jobs and good credit. What they need now is to feel confident in where the country is going and how it’s getting there. M. Lewis
If you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtors.
List Price $289,000
Bedrooms 3 bed(s)
Bathrooms 3 bath
Square Feet 1560
Year Built 2005
MLS Number 110032487
Property Type Single Family Residential
Rolling Hills Ranch – Chula Vista Condo - Not only will you be ‘wowed’ with the excellent location of this gorgeous condo but you will also be amazed at the upgrades this one has! Great, spacious floor plan that includes a bedroom and full bathroom on the first floor, granite, cherry wood cabinets, stainless steel appliances, recessed lighting and an eat-at-bar in the kitchen! Private balcony and great views! Walking distance to shopping, dining, freeways, schools, parks, etc! Don’t miss out on this one!
Directions: East on H Street, South on Mt. Miguel, East on Mackenzie Creek, South on Rock Terrace which turns into Huntington Point.
If you need help buying or selling a home or condo in Chula Vista make sure you contact us we can help with your Chula Vista Real Estate.
EastLake in Eastern Chula Vista has many great shopping areas to shop, eat and relax at. The EastLake Village Marketplace on the corner of Otay Lakes Road and EastLake Parkway is packed with some great businesses. Some of the large businesses in the center are Lowe’s and Target and many local EastLake residents call it the Lowe’s or Target Shopping Center. Some of the many restaurants in the EastLake Village Marketplace are Islands fine burgers and drinks, Daphne’s Greek Café, Bento Noodles, Subway Sandwiches, Panda Express, and Miguel’s Cocina Mexican Food as well as Starbucks Coffee, Jamba Juice, and Cold Stone Creamery. Some other businesses include Game Stop, Great Clips, Daydreams Ceramic Cafe, Sprint, PayLess Shoes and many more.
The Eastlake Village Marketplace in Chula Vista was built during the last EastLake, Chula Vista Real Estate Boom and is a great spot to walk around, shop, eat or just grab a coffee or ice cream. It’s one of EastLake’s most popular shopping centers. Stop by and check it out.
Here is a Video of the EastLake Village Marketplace in Chula Vista California.
If you need help buying or selling a home or condo in Chula Vista make sure you contact us we can help with your Chula Vista Real Estate.
The Hotel Del Coronado is rich in history and is one of San Diego’s most famous and visited landmarks. The Hotel Del Coronado is located on Coronado Island just west of Downtown San Diego. There are 2 ways to drive to the Hotel Del Coronado. One way is to go over the Coronado Bridge from Interstate 5 that runs along the coast and the other is to go north up the Silver Strand Blvd. (75) from Imperial Beach. The most common way is option one over the San Diego Coronado Bay Bridge. You can also take the ferry or your private boat to some areas of the island.
The Hotel Del Coronado began construction in 1887, 2 years after the entire Island of Coronado was purchased for $110,000 by 3 investors. A year later in 1888 the hotel was open for business. There was also a San Diego Real Estate Boom that went bust that added to this fascinating time. The history of the Hotel Del is very interesting and I would recommend a visit to the hotel to see it and experience it firsthand. There are some nice restaurants to eat at with great views of the beach and ocean. There are also plenty of shops to walk through and the Hotel is a great way to spend the day, evening or weekend.
Check out these great videos of the Hotel Del Coronado and the surrounding area:
If you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtors.
Home in Chula Vista ZIP Code 91911 for sale. This home has 3 bedrooms, a bonus room and 2 bathrooms as wells as being a traditional sale. With so many short sales and foreclosures on the market this traditional home for sale in Chula Vista is a welcome addition. This house has been remodeled inside and outside and includes new kitchen cabinets, counter tops and fresh paint. This home also has nice tile floors in kitchen and family room as well as a dual fireplace in the family room and living room has vaulted ceiling. Both bathrooms have been upgraded with custom tile work, new cabinets and fixtures.
This home is on 1905 Hilltop Drive, Chula Vista, CA91911 – please call me for a price.
There are many homes for sale in old and new Chula Vista. I have sold thousands of homes in Chula Vista and would love to help you buy or sell yours.
If you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtors.
There are many great spots to get a view of the Downtown San Diego City Skyline. One of them is North Harbor Drive by the San Diego Airport and the other is on Coronado Island at the Old Ferry Landing Shopping Center. Although there are some other areas that have great views of Downtown San Diego and its beautiful city skyline these 2 are some of my favorites. The North Harbor Drive view is looking Southeast at the city and the Coronado Island view is looking Northeast.
The North Harbor Drive view by the San Diego Airport, Lindberg Field, has the added bonus of many boats and ships on their moorings and if you’re lucky you may even see cruise ships docked alongside the city skyline as well. The video in this blog post has a cruise ship departing and airplanes arriving to America’s Finest City.
The Coronado Island view to Downtown San Diego at the Old Ferry Landing Shopping Center is also a great spot to eat or just sit on a park bench and watch the city. There are many shops and restaurants at this location and it is also a ferry landing. This is a very busy area with people enjoying the sights and activities while in comparison the N. Harbor Drive area is basically just a sidewalk and some small parking lots.
Enjoy these 2 Videos of Downtown San Diego and try and get out and see them for yourself.
If you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
Little Italy is one of my favorite areas in Downtown San Diego. It’s not just the great food either it’s the great atmosphere as well. Little Italy in San Diego was also part of the last San Diego Real Estate Boom and many new condos and town houses were built in the Little Italy part of Downtown San Diego. There are lots of great shops to go shopping or just look around.
This is a great area to spend a weekend afternoon to stroll up and down the main street called India Street. Some of the well known restaurants are Filippi’s Pizza Grotto, Mimmo’s Italian Village, Landini’s Pizzeria and many others. There’s also lots of sidewalk dining that is very romantic and quite enjoyable. Very similar to some areas in the Gaslamp Quarter down by PETCO Park home of the San Diego Padres.
Little Italy in Downtown San Diego, California also has many events where the India Street is closed down for pedestrians. If you live in San Diego or if you’re visiting San Diego make sure you stop by Little Italy. You’ll be happy you did.
This video is of Little Italy and most of it was filmed looking south on India Street.
If you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
The Hotel Del Coronado on Coronado Island is one of if not the most well known landmark in all of San Diego. The Hotel Del Coronado and the surrounding beaches and community are one of the best parts about living in San Diego, it’s so incredibly Californian. When it starts warming up so does the traffic of visitors wanting to enjoy this world famous hotel on the beach. The visitors include vacationers and many San Diegans that frequent the Hotel for its pure beauty and location. There’s always something going on at the Hotel Del whether it’s winter, spring, summer or fall.
Check out this great video of the sidewalk on the beach in front of the Hotel Del Coronado.
If you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
Beautiful home for sale in Rolling Hills Ranch that is a Traditional Sale. This home has great curb appeal with custom stamped concrete walkway and professional landscaping. Entry has 2 story high ceilings with beautiful 2nd story windows that make this home show light and bright. Beautiful neutral paint, large base boards and crown molding for that added extra touch. 2 inch wood blinds on all windows and whole house has wood flooring including staircase. Built in in-ceiling speakers through whole house and so much more. You must call me to see this home if you want to buy real estate in Rolling Hills Ranch. This home is off Rocking Horse on Falcon Valley.
If you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
It was a beautiful sunny day in San Diego for the Padre Season Opener at PETCO Park. The stadium was packed and the fighter jets flew over to christen the 2011-2012 baseball season in San Diego. Since the Padres ballpark opened in downtown in the Gaslamp Quarter the Padre games have taken on a new element of being exciting because of the great stadium, PETCO Park and the great location of Downtown San Diego. The energy is awesome and purely San Diegan.
The World Series Champions San Francisco Giants were in town and so were many of their fans to root them on. In the section that I was sitting in with my family I was in the middle of arguments between Padre and Giant fans to the point where a Padre fan was kicked out by the police for allegedly threatening a Giant fan. So much for a nice day at the ballpark with the family, it got a little out of hand.
Other than that incident the Padres had a great game and defeated the Giants 3 to 1. It was a little cool once the sun went down but we all got free Padre T-Shirts which added an extra layer of warmth. This was the first Padre game of the 2011 – 2012 baseball season and there will be many more I will attend this year. A baseball game at PETCO Park is a staple for San Diego Sports Fans. Come check a few out this year.
If you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
country has dipped according to the data from the Standard and Poor’s Case-Shiller Home Price Indices reported on May 31, 2011. The home price indices which is the leading measure of U.S. home prices shows the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011 compared to the 4th quarter of 2010. The San Diego Home Price Indices declined only 0.8% for the same time period in the 1st quarter of 2011.
bringing buyers to the market to help with the decline and stabilize home prices. This program is no longer available. I wonder if it’s time for the government to bring back some more incentives for home buyers to stabilize the market again. Maybe a program with more tax write offs in contrast to the proposed elimination of the home mortgage write off that some politicians have been peddling to pay for their huge mismanagement of America’s Tax Dollars and runaway spending.
causing many businesses to hold back on hiring and expansion in the US. If this keeps up many of the new jobs may be expanded to foreign counties instead of the US. This would also hurt real estate.
