San Diego Real Estate Blog

San Diego Real Estate Blog

Chula Vista 91915 – July 16 2008.

I just ran the stats for the number of homes sold in Chula Vista 91915 and the average sales price of homes sold in Chula Vista zip code 91915 from January 1 to June 30 in the years 2004, 2005, 2006, 2007, and 2008. This is the half year mark and I thought it would be interesting to see how the 91915 Zip Code is doing right now. Chula Vista in 2008 has been flooded with foreclosures and even more flooded with short sales. We have helped many clients in Chula Vista with doing a short sale to help them avoid foreclosure and have been very successful with many home owners that are in trouble of loosing their homes. These short sales can take months and many times are foreclosed on by the bank or mortgage holder and becomes an REO and gets sold as a foreclosure by the bank.

The chart that shows number of homes sold tells us that in Chula Vista 91915 there were 200 homes sold in 2004, 186 homes sold in 2005, 123 homes sold in 2006, 94 homes sold in 2007 and 138 homes sold in 2008 for the first 6 months of the year. This spike in home sales is higher than the 2007 and 2006 volume at this same time in those years respectively. There were 44 more homes sold this year than there were in 2007 at this same time. There could possibly be some more closings that went into escrow that haven’t closed yet that could bring these numbers even higher. The sales volume for homes “single family detached” is on the rise in Chula Vista 91915 and this is a good sign in a struggling Chula Vista real estate market.

The chart that shows average sales price for homes sold in Chula Vista 91915 is not so pretty. The average sold price of Chula Vista homes sold from January 1 to June 30 in 2004 was $574,065, 2005 was $648,399, 2006 was $680,355, 2007 was $610,816 and 2008 was $455,877. The difference from 2007 to 2008 was $154,939 and the difference from 2006 to 2008 was $224,478 less in average sold price for homes in 91915 Chula Vista. That is a huge drop in average sold price for homes and the inventory of homes and the foreclosures and short sales might drive it down even further. Some of the positive notes are that we are getting multiple offers on our short sales and foreclosures are also seeing many offers that are usually driving the sold price to be higher than the list price. Once the foreclosures and short sales start dwindling down the market here should stabilize nicely. There are still many new home communities in 91915 and they have slowed to a crawl.

When you’re ready to buy a home or sell a home in 91915 Chula Vista make sure you call us. We’re the Chula Vista Real Estate Experts.

Please use the links below to help you with your Chula Vista and San Diego Real Estate Search and Information from your San Diego Realtor.

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San Diego Real Estate Blog      Chula Vista Real Estate

San Diego Foreclosures            San Diego Green Homes

All information is believed to be correct but not guaranteed.

San Diego Real Estate Blog

The San Diego MLS or San Diego Multiple Listing Service has just went through a major change and now allows real estate agents in San Diego County to search with more accuracy for their clients. There are many more fields that agents have to fill out when entering a new listing for sale in the San Diego MLS. Searches that were never before possible are now just a few clicks away. Although many real estate agents in San Diego have a search the MLS feature on their real estate web site and practically all of the homes that agents can see in the MLS so can the public there is a difference between the public’s view and the agents view. Of course there’s confidential information that the public won’t see that the agent will but also the fields that are searchable to the agent are far greater than what the public can have.

We have a great San Diego MLS search feature on our San Diego Real Estate Web Site. The maps in our Search the San Diego MLS are incredible and the speed of our MLS Search Engine is the fastest I’ve seen. This is a great place for someone looking to buy a San Diego Home to be looking and using the tolls we offer for FREE. Many time buyers will email us homes they want to see and we’ll show then the homes from our web site. After that first meeting we can narrow down exactly what the buyer is looking to buy and email them specifically what they want directly from our San Diego MLS – the one that San Diego Agent’s use. This narrowing down and pinpointing is what we have to offer our clients that make their San Diego home search on the San Diego MLS that much more effective and easy.

Please use the links below to help you with your San Diego Real Estate Search and Information from your San Diego Realtor.

San Diego Real Estate              San Diego MLS 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      Chula Vista Real Estate

San Diego Foreclosures            San Diego Green Homes

All information is believed to be correct but not guaranteed.

If you and your family are in relocation mode and relocating to San Diego County please visit our web site and start your San Diego County Home Search today! We have thousands of homes for sale in San Diego County and you can search for San Diego Homes Online at our San Diego MLS. We have a great relocation information section on our web site for relocating to all San Diego Communities. Our Search the MLS feature can help make your San Diego home finding experience be fun and exciting.

We have helped many families with their San Diego Relocation and have been referred by thousands. Please fill out our San Diego Relocation Form and lets get started finding you your San Diego Dream Home. We are the San Diego Relocation Experts!!!

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Otay Ranch 5 Bedroom 3,000 + Sq Ft Home

This 5 bedroom 3.5 bathroom Otay Ranch home has over 3,000 square feet of luxury. This home offers a custom pond in court yard, crown molding, wood blinds, granite countertops, black appliances, custom cabinets and island in kitchen, dining room equipped with cherry wood floors, built in book case in hall, gorgeous backyard with pool and slide. There’s just too much to mention-MUST COME SEE! This Otay Ranch home is listed from $599,000 to $649,000. For more information on this beautiful home call Integrity First Realty & Loans at 619-656-6700 or visit our web site at San Diego Real Estate.

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Rolling Hills Ranch Home for Sale

Beautiful home in gated community of TESSERA in Rolling Hills in newer Chula Vista. Professionally decorated with tons of upgrades. Private courtyard with fountain, library has 25k in wood beams, paneling, cabinetry and shelves. Custom window treatments, wallpaper & faux paint. This Rolling Hills Ranch home is listed at $695,000. For more information on this beautiful home call Integrity First Realty & Loans at 619-656-6700 or visit our web site at San Diego Real Estate.

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The first home I bought in San Diego County was in Chula Vista in EastLake Greens. It was in the lat 90’s about 10 years ago. I thought at first that the commute to Eastern Chula Vista was too far and I wasn’t sure if I wanted to make the commute to work every day. I looked in many other areas of San Diego County but couldn’t find a better value for my money than a home in EatLake. It could have been any one of the many EastLakes or Otay Ranch or Rolling Hills Ranch. They were all up and coming communities in Chula Vista and they were priced very affordably. One of the things I really liked about the EastLake Community were the parks and community design that was very friendly to walking, jogging and biking with many open space areas. The community pools were incredible for a mere $75 a month HOA fee.

The first home that I bought in EastLake Greens was under $200,000 in the late 1990’s and in the peak of the San Diego Real Estate Boom of around 2005-2006 time frame they were selling at about $550,000. That’s a huge jump in a short period of time. Now that same floor plan is on the market for $320,000 and has the potential to drop even further. The silver lining to all this is that Chula Vista is affordable again and that has many buyers flocking to the area to buy a home or condo again. EastLake has been voted the Best Master Planned Community in all of San Diego County for 10 years strait. When buyers visit the EastLake area of Chula Vista they fall in love with it.

Chula Vista started out as an affordable community in San Diego County and is affordable again. If you are interested in buying a home in Chula Vista, EastLake, Otay Ranch, Rolling Hills Ranch, San Miguel Ranch, Bella Lago, Windingwalk, Sunbow or any of the other Chula Vista Communities call us right away. There are many foreclosures for sale at steep discount prices.

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In San Diego California there are thousands of foreclosures for sale. Bank owned properties or REO’s in San Diego are filling the San Diego MLS with reduced priced homes. San Diego home and condo buyers wanting to buy a home or condo in San Diego can take their pick. There are many homes and condos already foreclosed on by the bank or mortgage holder and many more foreclosures in San Diego are on the way. We have helped many San Diegans buy a foreclosure and most have saved thousands and even tens of thousands buying a foreclosed home or condo.

Buying foreclosures in San Diego is really easy too. As long as you have someone knowledgeable to show you where and what to look for and to help you negotiate the best price and terms you can find your next home at bottom barrel pricing. That’s what we do. We’re San Diego Real Estate Experts and can show you bargains you wouldn’t believe are available in San Diego. Southern California, especially San Diego is one of the most sought after real estate markets to own real estate in. Whether you want a home or condo to live in or invest in we have some deals in this San Diego real estate market that are unprecedented. If you’re a first time homebuyer in San Diego don’t buy full price let us show you how to buy a foreclosure.

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I have to admit the term “Exploding Arms” brings up an apocalyptic picture of loans blowing up and families running for cover. I also think the picture is quite accurate. I was reading an article in CNN Money titled “Foreclosures spike 112% - no end in sight” and the writer used the term “Exploding Arms” in the article. The article is what you might guess it was about from the title, foreclosures and how bad the foreclosure numbers are getting. The article stated that in 2008 there will be $362 billion worth of adjustable rate mortgages that will reset to much higher interest rates. The term “Exploding Arms” was used to describe the adjustable loans that I pictured sitting like time bombs just waiting to hit their reset date and BAM!!!!  BANG!!!!!! BOOM!!!!!!!!!!!!

It’s kind of like that if you’re the family loosing your home. No there’s no actual shrapnel or loud explosions or body parts flying around … It’s lives that are being torn apart… dreams that are coming to an end …… a slow painful dull sickening feeling in ones gut that has them shell shocked – dazed – confused. What to do from here? What about the kids, what school will they go to once we move? Where will we move? What do we do? I’m ashamed! What will my friends and family think of me? My pride has kept this a secret too long! Now what?

If you know someone who is having there home foreclosed on ask them if there’s anything you can do to help. Many families losing their homes need someone to talk to and usually that’s all. Maybe having them over for dinner or a BBQ and seeing if you can just be there to listen. People losing homes are your neighbors, your friends and your family. Most of them got caught up in the dream of home ownership and things went wrong fast. In the long term this will be a lesson learned and a builder of character and for many a strengthening of Faith. And the American Dream of Home Ownership will be alive and real again.

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Buy a San Diego Foreclsoure

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In Carlsbad, Real Estate has not been immune to the housing crisis affecting virtually all of San Diego. Zip code 92011 in Carlsbad North County Coastal San Diego has taken a major dip in median home princes in early 2008. There were 44 homes that sold in January, February and March of 2008 with a median sold price of $742,500. This number is well off the 92011 Carlsbad median home price of $870,000 in 2007. In fact the early 2008 number is $127,500 less than the 2007 median home price. Out of the 44 Carlsbad homes sold the lowest was $360,000 on Bluewater Road was a bank owned foreclosure listed by Excel Properties. The highest priced sold Carlsbad home in 92011 was $1,800,000 on Aviara Drive listed by Prudential.

While doing this report in early May of 2008 there were 25 Carlsbad homes in escrow for Zip 92011. The median list price for those homes in Carlsbad in escrow was $825,000. While doing this Carlsbad Real Estate report there were 131 homes for sale in 92011 in the San Diego MLS. If you’re thinking about buying or selling a home or condo in Carlsbad make sure you call us to find out important information on the Carlsbad Real Estate Market.

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If you’re interested in Carlsbad Real Estate and North County Coastal San Diego Real Estate make sure you contact Dawn Sells San Diego.

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All information is believed to be correct but not guaranteed.

Homeowners in Carlsbad 92009 enjoyed a nice surge in 2007 median home prices. The median price of a home in Carlsbad in 2007 was $820,000 and in 2006 was $770,000 which was a nice jump of $50,000 in 1 year. Unfortunately this Carlsbad 92009 median home price gain has been reduced to below the 2006 median home price mark.  The median home price in Carlsbad 92009 for the first quarter of 2008 is $760,742 which is $59,258 lower than the 2007 median home price of last year. There were 49 homes that sold in the first 3 months of 2008 and the statistics were taken from SANDICOR. The lowest priced sold home in Carlsbad 92009 was $445,000 and was located on Paseo Del Vista and was a bank owned foreclosure in Carlsbad. The highest priced home sold was $2,495,000 and was located on El Fuerte Street in La Costa Estates.

While doing this report in early May there were 57 Carlsbad homes in escrow for zip code 92009. The median list price for these Carlsbad homes in escrow was $801,760 which is a good sign for this Carlsbad area. Of course the pending and sold comparables are two different things. In early May 2008 there were 228 Carlsbad homes for sale in the MLS in Zip Code 92009. This is a large amount of inventory and there are good prices for buyers. If you’re thinking about buying or selling a home or condo in Carlsbad make sure you call us to find out important information on the Carlsbad Real Estate Market.

San Diego MLS

Carlsbad Homes

If you’re interested in Carlsbad Real Estate and North County Coastal San Diego Real Estate make sure you contact Dawn Sells San Diego.

San Diego Real Estate        San Diego MLS        San Diego Real Estate Blog    

North County Coastal San Diego Real Estate

All information is believed to be correct but not guaranteed.