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Dawn Sells San Diego
Archive for the ‘Encinitas’ Category
June 4th, 2011
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.
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Posted in Bonita, Imperial Beach, National City, North Park, Mission Hills, Point Loma, Del Cerro, San Ysidro, El Cajon, San Diego Real Estate News, Ocean View Hills, iPad San Diego Real Estate, San Diego Market Report, San Diego Short Sales, Spring Valley, San Diego Real Estate Blog, La Jolla, Downtown, Central Inland, East County, South Bay, Central Coastal, North County Inland, San Diego Real Estate, North County Coastal, San Diego MLS, Cardiff, Rancho Penasquitos, Scripps Ranch, Mira Mesa, 4s Ranch, Encinitas, San Diego House Values, Blogroll | No Comments »
November 21st, 2009
San Diego Real Estate Blog
North County San Diego Coastal Real Estate and Home Search
North County Coastal San Diego Real Estate Home and Condo Search Made Easy - Find Homes and Condos by selecting the Community or Zip Code you want to look at Homes and Condos in - These North County Coastal San Diego Real Estate Listings are from the San Diego MLS and is updated daily.
If you need help please contact us. We’re here for you. Dawn Lewis
Posted in Oceanside, Encinitas, Solana Beach, San Diego House Values, San Diego Real Estate Blog, Del Mar, Carlsbad, North County Coastal, San Diego Real Estate, Carmel Valley, San Diego MLS, Cardiff, Blogroll | No Comments »
November 18th, 2009
San Diego Real Estate Blog
Twitter San Diego Real Estate
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You can follow Dawn Sells San Diego on Twitter. Our San Diego Real Estate Twitter has all of our blog posts tweeted as well as all information pertaining to the San Diego Real Estate Market, News and Trends. Twitter is a great way for us to stay in touch with home buyers and home sellers in San Diego County.
We also keep you updated on foreclosure and short sale properties that we are selling and up to date information on the latest foreclosure and short sale news. Twitter is an excellent micro-blog for getting San Diego Real Estate Tweets out fast to our followers. If you want to follow the best San Diego Real Estate on Twitter make sure you follow us.
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.
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Posted in Linda Vista, Del Cerro, Mission Valley, Normal Heights, Bonita, Tierrasanta, University City, Sorrento Valley, Clairemont Mesa, Bay Park, Downtown, La Jolla, Old Town, Imperial Beach, National City, San Diego Relocation, San Diego Short Sales, Dawn Lewis REO's, San Diego Market Report, Ocean View Hills, San Diego Real Estate News, San Diego Real Estate Blog, San Diego Foreclosures, La Mesa, El Cajon, Lemon Grove, Santee, Spring Valley, Scripps Ranch, Rancho Penasquitos, Chula Vista, Carmel Valley, EastLake, Otay Ranch, San Miguel Ranch, Rolling Hills, South Bay, East County, North County Coastal, San Diego Real Estate, North County Inland, Central Coastal, Central Inland, Sunbow, Windingwalk, San Diego House Values, Oceanside, 4s Ranch, Mira Mesa, Poway, Encinitas, Del Mar, San Diego MLS, San Diego New Homes, Cardiff, Carlsbad, Carmel Mountain, Blogroll | No Comments »
November 12th, 2009
San Diego Real Estate Blog
2010 San Diego Real Estate Market
I know it’s still 2009 November and it might be a little early for 2010 San Diego Real Estate Market predictions but I think I’ll give it a shot. 2010 in the San Diego Real Estate Market should show more foreclosures than we had in 2009. In 2009 many foreclosures were held off of the market due to the moratoriums. Now that many of the foreclosure moratoriums are lifted the banks are gearing up to get the REO’s off of their books. 2010 in San Diego and many parts of the country will be known as the year of the “Last of the Foreclosure Market”. There will be more foreclosures after 2010 into 2011, 2012 and 2013 but 2010 will be the last big year for foreclosures.
There will still be more short sales and some banks are moving faster on them. There’s lots of talk about the short sales being streamlined and moving through the system faster. In 2010 it might just be a lot of false hope in this area. I hope I’m wrong and we see the short sales as a whole (not just select banks) move through the system fast and to a sale but it might just be a lot of hype. Systems like REOTrans are setting up to do short sales but I’ll believe the push towards short sales over foreclosures by the banks when I see it.
For homebuyers in 2010 it should be a delight with more inventory coming into the San Diego Real Estate Market. In some price ranges like the lower end first time home buyer prices under $400,000 there still will be a fight with other buyers to get the homes. There are way too many buyers and investors in the under $400,000 range in many areas of San Diego County that will keep this price range in very short supply in 2010. The upper end in non-coastal areas will still slide a little lower in 2010. We’ll see how this worked out in 2011.
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.
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Posted in Normal Heights, Mission Valley, Mission Hills, North Park, Tierrasanta, National City, Imperial Beach, Bonita, Logan Heights, Linda Vista, Point Loma, Old Town, Ocean Beach, Sorrento Valley, University City, East San Diego, Del Cerro, College Grove, Otay Mesa, Paradise Hills, San Diego Real Estate Blog, Santee, Rancho San Diego, San Diego Short Sales, San Diego Relocation, Ocean View Hills, San Diego Real Estate News, San Diego Market Report, Pine Valley, Lemon Grove, El Cajon, Alpine, San Ysidro, Jamul, Julian, Lakeside, La Mesa, La Jolla, Coronado, Sunbow, San Miguel Ranch, Rolling Hills, Windingwalk, San Diego New Homes, Cardiff, Pacific Beach, San Diego MLS, EastLake, Chula Vista, North County Inland, North County Coastal, San Diego Real Estate, Central Coastal, Central Inland, Carmel Valley, South Bay, East County, Carlsbad, Carmel Mountain, Rancho Penasquitos, Ramona, Poway, Rancho Santa Fe, San Marcos, Vista, Valley Center, Scripps Ranch, Mira Mesa, Fallbrook, Oceanside, Encinitas, Del Mar, Solana Beach, San Diego House Values, Escondido, 4s Ranch, Blogroll | 1 Comment »
November 8th, 2009
San Diego Real Estate Blog
I just got finished watching an excellent report on Channel 10 News and I wanted to share it on my Blog because I think it’s worth watching. The show was a half hour and this is only one of the segments. It was very informative about San Diego real estate, auctions, loan modifications, and investment properties.
This story is called:
Builders Default On Land, Able To Buy It Back Cheaper At Auction
http://www.10news.com/video/21522316/index.html
Lauren Reynolds
10News I-Team Reporter
_____________________________________________________
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.
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Posted in Old Town, Del Cerro, Ocean Beach, Coronado, San Marcos, Logan Heights, Otay Mesa, San Diego Real Estate News, San Diego Real Estate Blog, Lemon Grove, La Mesa, Rancho Penasquitos, Fallbrook, Carmel Valley, Chula Vista, South Bay, Central Coastal, North County Inland, EastLake, Otay Ranch, 4s Ranch, Encinitas, Carlsbad, Pacific Beach, San Diego Real Estate | No Comments »
October 6th, 2009
San Diego Real Estate Blog
The San Diego Real Estate Market has seen better days. It’s not that there aren’t buyers seeking that perfect place to call home sweet home it’s the little inventory they have to choose from. Inventory is low especially in some areas of San Diego County in the first time homebuyer price ranges. So low that many VA and FHA buyers are taking their chances on short sales, which may or may not ever close escrow, and waiting it out.
I can’t tell you how many questions I answer on Trulia about buyers and short sales. Buyers are always asking, what takes so long, how come the banks won’t approve my offer, what’s going on, why did they take another offer, why did the bank foreclose on the home when I had an offer on it for 8 months, why is the seller declaring bankruptcy, and on and on. It’s like writing an offer on a home and putting it into a black hole and hoping something good comes out on the other end. It usually doesn’t.
Keep in mind if you’re a buyer who wrote an offer on a short sale you probably are in competition with 5 to 50 other buyers. Only 1 of those offers will get accepted and many times the home will go to foreclosure and no one gets it. It’s frustrating for everyone involved including all agents, the negotiators at the banks, sellers and all the other buyers trying to buy the home. Just think how the seller feels….. they are losing their home, their dreams, their investment, they and their family – kids, dogs, cats now need to find another place to live, most likely a rental or in with family, and their life is being turned upside down. Kind of puts things in a different perspective when you look at it from the side of the one who is losing the home.
San Diego Home Buyers using a VA or FHA Loan to buy a home or condo are often in third and fourth place when writing offers on foreclosed properties. They have that going for them too. The problem is with so many investors in the market buying foreclosures for cash or large sums of money down in conventional loans the VA and FHA loans aren’t usually the best way to go for an asset manager looking at offers on the REO asset they are managing. On cash offers they don’t have to worry about appraisal issues or finding out a buyer really doesn’t qualify for the loan to buy the foreclosure. It’s an unfortunate situation that people who want to buy the home to live in and be part of the community are being put in the back seat to investors looking to make a buck. But it is what it is and for now it’s bad news for some VA and FHA buyers. Hang in there. Times will change.
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.
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Posted in Otay Mesa, National City, Paradise Hills, San Ysidro, Alpine, Bonita, North Park, College Grove, East San Diego, Mission Hills, Mission Valley, El Cajon, La Mesa, San Diego Relocation, San Diego Market Report, San Diego Real Estate News, Ocean View Hills, San Diego Short Sales, San Diego Real Estate Blog, Lakeside, Santee, Spring Valley, San Diego Foreclosures, University City, Sorrento Valley, Rolling Hills, Otay Ranch, San Miguel Ranch, Sunbow, Windingwalk, EastLake, Chula Vista, San Diego Real Estate, Central Coastal, East County, South Bay, San Diego MLS, Pacific Beach, Mira Mesa, Rancho Penasquitos, Clairemont Mesa, Downtown, 4s Ranch, San Diego House Values, Carlsbad, Carmel Mountain, Encinitas, Oceanside, Blogroll | No Comments »
August 15th, 2009
San Diego Real Estate Blog
Encinitas Market Report – August 2009 – Encinitas like the rest of San Diego is still valuing down and has had a median home price decline 7% from last year. Encinitas had 38 home sales and 14 condo sales in June of 2009. These numbers were the latest full numbers in when this report was completed. The median home price for June is $684,000 and the median condo price is $279,000 which was a condo value decrease of 46% from last June. If you’re buying or selling in Encinitas call me, Dawn Lewis.
San Diego Real Estate Market Conditions – The San Diego MLS is filled with short sales and foreclosures and out of the two the short sales stay on the market a very long time making it look like the San Diego Market is saturated with homes for sale but the reality is there is very little to actually write offers on. The conventional listings as well as REO’s sell fast when in good condition and priced correctly. Multiple offers on many of the lower end price ranges of San Diego homes and condos.
Buyers are actually getting discouraged with the lack of inventory in the San Diego Market. I have personally seen over 50 offers on a single property for sale that was priced correctly. This is not uncommon. Also keep in mind if you’re a buyer that 49 out of the 50 offers won’t get accepted. This is causing many buyers to be disillusioned by the market and home buying and has them second guessing any agent that they hire. The upper end still has room to drop and should be looked at with caution. Use a good Realtor like me to help you with all of your Real Estate needs in San Diego.
June 2009 Sales and Median Prices
Central San Diego Existing Home Sales – 565 Median Price $365,000 Down in value -10% from last year. Existing Condo Sales – 475 Median Condo Price $263,000 Down in value -10% from last year.
East County Existing Home Sales – 340 Median Price $295,000 Down in value -15% from last year. Existing Condo Sales – 139 Median Condo Price $131,000 Down in value -22% from last year.
North County Inland Existing Home Sales – 629 Median Price $364,000 Down in value -13% from last year. Existing Condo Sales – 189 Median Condo Price $216,000 Down in value -15% from last year.
North County Coastal Existing Home Sales – 386 Median Price $455,000 Down in value -17% from last year. Existing Condo Sales – 128 Median Condo Price $323,000 Down in value -23% from last year.
South County Existing Home Sales – 376 Median Price $320,000 Down in value -15% from last year. Existing Condo Sales – 169 Median Condo Price $151,000 Down in value -28% from last year.
When you need help with San Diego Real Estate please call me and my team. I have over 20 years experience as a licensed agent in San Diego and have sold well over 2,500 homes. Put my experience to work for you.
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.
San Diego Foreclosures
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All Information is believed to be correct but not guaranteed.
Posted in San Diego Market Report, San Diego Real Estate News, San Diego Real Estate Blog, San Diego House Values, North County Coastal, Encinitas, Blogroll | 1 Comment »
August 3rd, 2009

San Diego Real Estate Blog
San Diego Listing Book
We are Listing Book Agents and all use Listing Book to help you with your San Diego Real Estate needs. Dawn Lewis and The Dawn Lewis Team all use Listing Book to help you buy and sell your San Diego home or condo. We are local San Diego Real Estate Agents that use Listing Book to help our clients find a home in San Diego County. These Listing Book Tools are also essential in Listing and Selling a Home or Condo as well. Please sign up for our Listing Book Tools FREE to help you with your San Diego Home Buying Search.
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We are proud to be users of Listing Book and we believe offering it to our clients and potential clients will create a better real estate experience for the buyers, sellers, and agents in San Diego County, California. Please sign up for our Listing Book San Diego tools and allow us to help you buy or sell your San Diego Home.
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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.
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Posted in National City, La Mesa, Bonita, Mission Hills, Del Cerro, Lakeside, Santee, San Diego Market Report, San Diego Real Estate News, San Diego Relocation, San Diego Real Estate Blog, San Diego Foreclosures, Old Town, Clairemont Mesa, San Diego MLS, Cardiff, Rolling Hills, Chula Vista, South Bay, Carlsbad, Encinitas, Poway, Rancho Penasquitos, Fallbrook, San Diego House Values, Solana Beach, San Diego Real Estate | No Comments »
June 29th, 2009
San Diego Real Estate Blog
With San Diego real estate moving in an upwardly direction over the past couple of months recent interest rates could slow home buying activity. Home buyers in San Diego have been, in some areas of the county, fighting over homes that come up for sale. Many San Diego home buyers have offers in on short sales and jump all over the bank owned REO foreclosures the day they hit the market. Unfortunately the bank owned REO’s already have offers on them the day they come up for sale and sometime even before they show up in the MLS.
This has many home buyers frustrated and wondering what they have to do to get a house or condo in today’s San Diego Real Estate Market. Another issue that has been waiting to rear its ugly head is interest rates. When interest rates rise home buyers see their purchasing power reduced. Keep in mind when interest rates go up the monthly payment for a homebuyer also goes up and sometimes more than what they are comfortable with. Many times the lender will have to reduce the purchase price of what the homebuyer can qualify for.
This scenario can also have a real negative effect on the real estate market in general. If a home buyer wanting to buy a home has had a certain purchase price and monthly payment in mind for a certain size and quality of home and then they’re told that they can’t buy the same home at the same monthly payment, many of them will decide not to buy. Some will wait for the homes that they were recently able to buy at a certain price range to come down into the loan amount of what the comfortable monthly payment is that they had already had their hearts set on. Some of them won’t be able to afford the same home they thought they could buy and won’t settle for less of a home now. These factors could show a decline in demand and then a decline in home prices. We’ll have to wait and see. Oh, and don’t forget about the foreclosures to keep the median home price in San Diego from gaining too much ground. There are a few years of that left.
If you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
San Diego Foreclosures
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All Information is believed to be correct but not guaranteed.
Posted in Tierrasanta, Imperial Beach, Mission Valley, College Grove, Downtown, Point Loma, San Ysidro, Julian, San Diego Real Estate News, Ocean View Hills, San Diego Market Report, San Diego Real Estate Blog, Santee, San Diego Foreclosures, Rancho Penasquitos, Poway, South Bay, Chula Vista, Central Inland, Central Coastal, San Diego Real Estate, North County Coastal, EastLake, Windingwalk, San Diego House Values, 4s Ranch, Solana Beach, Oceanside, San Diego MLS, Encinitas, Blogroll | 1 Comment »
March 8th, 2009
San Diego Real Estate Blog
This $10,000 tax credit in the state of California only applies to homes that have never been occupied and purchased between the dates of March 1, 2009 and March 1, 2010. The California home buyers must also reside in the home as their primary residence for at least 2 years from close of escrow.
A qualified home buyer is:
A taxpayer who purchases a single-family residence, whether detached or attached, that has never been occupied, that is purchased to be the principal residence of the taxpayer for a minimum of two years, and that is eligible for the homeowner’s exemption under California Revenue and Taxation Code Section 218.
A qualified principal residence – new home is:
-A qualified principal residence means a single-family residence, whether detached or attached, that has never been occupied and is purchased to be the principal residence of the taxpayer for a minimum of two years and is eligible for the property tax homeowner’s exemption.
- Types of residence: Any of the following can qualify if it is your principal residence and is subject to property tax, whether real or personal property: a single family residence, a condominium, a unit in a cooperative project, a houseboat, a manufactured home, or a mobile home.
- Owner-built property: A home constructed by an owner -taxpayer is not eligible for the New Home Credit because the home has not been “purchased.”
The State of California has set aside $100,000,000 in tax credits for new home buyers. This program is on a first come first serve basis and once the allocated new home tax credit money is gone it’s over. Make sure if your California real estate agent is unfamiliar with this tax credit you let them know about it. You should also contact your accountant. Some details include that the tax credit amount is equal to either five percent of the purchase price or $10,000, whichever is less. Taxpayers must apply the total tax credit in equal parts over 3 successive taxable years which is a maximum of $3,333 per year beginning with the taxable year of when the new home is purchased. This can also be used in addition to the $8,000 First Time Home Buyer Tax Credit in the Stimulus Package.
If you are interested in applying you will need to:
- Do the following within 7 days of close of escrow on your New California Home.
- The seller must complete Part I of Form 3528-A which is the Application for New Home Credit and certifying that the home has never been occupied as well as provide a copy to the buyer or escrow person.
- The buyer will complete Parts II & III of Form 3528-A.
- The escrow person on behalf of the seller and buyer will fax the completed Form 3528-A to FTB at 916.845.9754, and provide a copy to the buyer.
- Fax is the only delivery method that will be accepted and considered for credit allocation by FTB, as the date and time stamp on the fax will determine the order in which credits are allocated.
- Fax only one completed application per residence with all qualified buyers listed. Do not include information on nonqualified buyers. An incomplete application may delay or prevent credit allocation.
- Do not fax the application to FTB before escrow closes.
- Do not fax the application to FTB more than once. We will process the applications in the order received as quickly as possible.
- Escrow companies should only send one application per fax transmission.
- The buyer keeps a copy of the completed Form 3528-A for their records.
- The State of California Franchise Tax Board will have a fill able Form 3528-A online soon. In the meantime, if you fill out the form by hand, please print numbers as clearly and neatly as possible using CAPITAL LETTERS and staying between the lines. The faxes can be very hard to read.
For more information please visit the State of California Franchise Tax Board link.
If you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
San Diego Foreclosures
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All Information is believed to be correct but not guaranteed.
Posted in Downtown, Del Cerro, Mission Hills, Mission Valley, Coronado, Clairemont Mesa, Poway, San Marcos, Vista, Normal Heights, North Park, San Diego Market Report, San Diego Real Estate News, Ocean View Hills, San Diego Real Estate Blog, Spring Valley, Imperial Beach, La Mesa, Santee, Mira Mesa, 4s Ranch, East County, South Bay, Carmel Valley, Central Inland, Central Coastal, San Diego Real Estate, North County Coastal, North County Inland, Chula Vista, Otay Ranch, Encinitas, Oceanside, San Diego House Values, Carlsbad, San Diego New Homes, Rolling Hills, Sunbow, Windingwalk, Blogroll | 4 Comments »
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