San Diego Real Estate Blog

San Diego Real Estate Blog

Home prices in most areas of South San Diego have come up in value since last summer. Homes in most zip codes rose in 2010 and in the zip codes where it dropped it only dropped a little. This is a good sign for the real estate market in southern San Diego and the overall San Diego home prices have on average gone up since last year at the same time. As usual the short sales have extremely long market times and can prove to be very trying for even the most seasoned of short sale experts.

The bank owned foreclosures and REO properties are still moving the fastest and seem to get many offers from investors edging out the first time home buyers and families who want to buy a home to live in. Some areas in South County have renewed their new home building programs and new home builders are throwing up the sticks again. Otay Ranch still has thousands of homes that are slated to be built sometime in the future. I’m sure the when depends on how soon the real estate market improves and shows steady growth. Many new home builders lost their properties and unfinished homes to the banks and they don’t want to make that mistake again. The bubble has long since broken and many homeowners are in the middle of a short sale or wish they were. Some home owners are in the middle of a foreclosure and looking for a rental to get out and start over. There’s always a next time.

The biggest house value gains were in National City while the most amount of loss was in Imperial Beach. Chula Vista areas like 91910, 91911 and 91914 had slight gains while zips 91913 and 91915 had slight declines in home values. With the economy not improving and the state of California in dire straits the real estate market can’t truly solidify and grow until the economy does and what we need to see that happen are jobs.

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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Lower Otay Lake - Chula Vista California - August 2010

Who would believe that there was a World War II Bomber at the bottom of Lower Otay Lake in Eastern Chula Vista? I’ve fished this lake many times and hiked the hills around it for many years and never once imagined there was an airplane at the bottom of it let alone a rare Navy SB2C Helldiver. I can remember coming out to the Upper and Lower Otay Lakes back in the late 1980’s and all through the early 1990’s long before the real estate boom when homes sprung up around the lakes edges. I can remember cattle covering the fields and grazing on early misty mornings and lazy afternoons. It was more like a western scene from 100 years ago, long before there was an EastLake. When I first heard about the World War II Bomber in the Lower Otay Lake I immediately wondered how it got there and why it was being pulled out.

I had just finished up a round of golf at the EastLake Greens Golf Course on Saturday when my friend John brought up the airplane in the lake. I said let’s go see if it’s still there. We took a drive from the golf course through EastLake Greens on Hunte Parkway and a right down Otay Lakes Road. We turned right onto Wueste Road and through EastLake Vistas down to the Lower Otay Lake. We knew right away that it was still there from the amount of cars parked along-side the road and the carnival like excitement on the people’s faces walking to and from the closed parking lot. We saw the erect white arm of the giant crane used to pull the Helldiver from its wet and muddy grave. As we parked and walked closer we saw the grey plane sitting on the rocky shoreline of the lake next to the fishing dock. Needless to say it looked pretty cool. My friend and I are both former Marines and this made out for an exciting encounter with a piece of military history. Kind of like meeting a war hero the likes of Chesty Puller or Dan Daly, although they are long dead this military hero was brought to life from its long dark and muddy sleep. This war plane had never seen combat but if its fait were of different circumstance I know it would have.

For the full story, much better than I could tell it please visit the Naval Aviation Museum Web Site for all the information on the Helldiver history and what’s going to happen to it.

http://www.navalaviationmuseum.org/getdoc/9fd86cd2-40a3-4d11-a768-2f5205355b96/Helldiver-Rising.aspx

 Mike Lewis

Dawn Lewis - Realtor San Diego CA

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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IB Pet in Imperial Beach San Diego is the only place I go to for pet supplies including dog and cat food, dog and cat toys, dog beds and everything else for all of my pet needs. I recommend IB Pet because I’m a big fan of customer service and that’s what I get at IB Pet. They’re located right off of Palm Avenue in Imperial Beach and easy to get to from anywhere in South Bay San Diego including Chula Vista and Coronado Island. I would even drive to IB Pet if I lived in Escondido or Oceanside. It’s worth it.

Lori and Russell Blauert are the owners of this Imperial Beach Pet Store and I want you to check them out next time you need pet supplies or just some great advice.

This is their goal off of the IB Pet Web Site:

Our goal is to help educate our customers in proper nutrition, care and an overall healthy lifestyle for their pets.  Through our carefully selected canine and feline diets, your companion can enjoy meals like those nature intended. In addition, we carry a full line of innovative pet care products - leashes, collars, toys, beds, grooming supplies and more!

I know Lori and Russ personally and I think you will like what they have to offer. Check out IB Pet. Mike Lewis.

Check out the IB Pet Website

IB Pet, 600 Palm Ave, Imperial Beach, CA 91932
Phone: 619-822-1610 fax: 619-429-4000 email: lori@ibpet.net

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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CHULA VISTA - This Otay Ranch charming home is located at the end of a cul-de-sac. Walking distance to Neighborhood Park and located close to shopping. Built in 2003 this home has 3 bedrooms and 2 and a half bathrooms. Some of the features of this Otay Ranch short sale are tile and wood flooring with carpeting in the bedrooms, big upstairs loft, custom window coverings, custom television niche, upstairs laundry closet, and tiled fireplace in living room to name a few.

If you are looking for a home in Chula Vista this Otay Ranch home could be the one for you. Make sure you contact us to see it before it’s sold.

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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All Information is believed to be correct but not guaranteed. 

San Diego Real Estate Blog 

Twitter San Diego Real Estate

Follow Dawn Sells San Diego on Twitter

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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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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Chula Vista Bank Owned Home

San Diego Real Estate Blog

CHULA VISTA, CA BANK OWNED HOME: This bank owned home is located in Otay Ranch and is in excellent condition. The home was built in 2001 and is 3,465 square feet and has 5 bedrooms and 3.5 bathrooms. If you’re looking for a home with a bedroom and a full bathroom downstairs, look no further. This bank owned beauty boasts a large kitchen with a huge island for this holiday parties. There are 2 fireplaces one of them in the master bedroom. This is one of those bank owned homes that is move in ready and ready for your offer.

We have helped many buyers get into the home they are looking for in San Diego County. Many times we have Bank Owned Properties and Short Sales that need to sell fast. Make sure you let us know what type of home and in what location of San Diego you are looking at. We will keep you posted with any new homes or condos we have for sale.

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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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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Chula Vista California defeated Chinese Taipei AKA Taiwan today to win the Little League World Series. As a Chula Vista resident since 1998 this is one of the most exciting things to happen in Chula Vista located in South Bay San Diego California. The day before Chula Vista defeated San Antonia Texas 12-2 in only 4 inning of play to advance to the final. The Chula Vista Little League Team had an amazing 9 run first inning which carried them to a seemingly easy victory over the Texans.  Chinese Taipei smashed Mexico 9-4 to advance to the final against the Chula Vista baseball team. The series is being held in South Williamsport, Pennsylvania. All of Chula Vista were watching the games and the excitement in town was unbelievable. 

Chula Vista vs. Chinese Taipei August 30 2009. The game was scoreless until the top of the 3rd inning with a runner on first and number 19 Sung hit a home run for Chinese Taipei. Then the next batter number 18 hits another homerun to give the Chinese a 3 run lead. Chula Vista changes their pitcher to number 19 Garcia after the second home run. He gets the out and retires the side. In the bottom of the third after one out Chula Vista has runners on second and third and Taipei walks Chula Vista’s Luke Ramirez for bases loaded with one out. Bulla Graft number 20 strikes out on a full count with bases loaded. Bradley Roberto number 16 comes to bat and gets to a 3 and 0 count and then a 3 and 2 count and then hits a grounder to the second basemen who commits an error and scoring 1 run for Chula Vista. The next batter strikes out with bases loaded. 

Top of the 4th was a 123 inning and Chula Vista quickly retired the side. In the bottom of the 4th after another Taipei error Chula Vista’s Jenson Peterson reaches first base. Then Nick Conlin hits a smashing double and moves the runner on first to third with no outs. Chinese Taipei changes pitchers. Seth Godfrey hits a sacrifice fly to score Peterson. Still only one out and a runner on second.  The next batter gets a base hit advancing the runner to third. Kiko Garcia comes up to bat and a wild pitch advances the runner on third to score and tie up the game. The runner on first moves to second base. Chinese Taipei brings in a new pitcher. Kiko strikes out for out 2 and Luke Ramirez comes to the plate and is walked for a second time. Runners on first and second and Bulla Graft at the plate and another wild pitch advances the runners. Bulla Graft gets a base hit advancing the runners and scoring one rune for Chula Vista to take the lead 4-3. The next batter strikes out. 

Top of the 5h Chinese Taipei get a runner on first and second both hit by pitches. The pitcher walks the batter and brings up to the plate Chin Ou number 18 with bases loaded. Ou hits into a double play lead by Andy Rios – what a play! Bottom of the 5th Oscar Castor gets a base hit. Daniel Porras Jr. fly’s out. Isaiah Armenta comes to bat and with a wild pitch the runner goes to second. Armenta stikes out. Seth Godfrey comes up to bat and hits a double knocking in a run. Andy Rios knocks in Godfrey with a base hit. Chula Vista up by 3. Kiko Garcia up at the plate and gets a base hit, runners at first and second. Luke Ramirez up at the bag and a loose pitch advances the runners. Luke fly’s out at the wall.

Top of the 6th inning 3 outs to go for Chula Vista to win. One runner reaches first. But thats all. CHULA VISTA WINS 6-3!!!!

The Chula Vista 2009 World Series Little League Team 

Bradley Roberto Andy Rios Markus Melin Nick Conlin Seth Godfrey Bulla Graft Daniel Porras Jr.Jensen Peterson Kiko Garcia Luke Ramirez Isaiah Armenta Oscar Castro Coach Ric Ramirez Manager Oscar Castro 

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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San Diego Real Estate Blog

Otay Ranch Real Estate Market Report Summer 2009 – Otay Ranch 91913 and 91915 in Chula Vista like the rest of San Diego County is still valuing down. This report will combine zip codes 91913 and 91915 although the majority of Otay Ranch is 91913 areas like Windingwalk are 91915. 91915 also include parts of EastLake. The combined home sales for June 2009 for 91913 and 91915 are 99 homes. The median home price in June is $375,000 with a decrease from last year of 4% for 91913 and 11% for 91915. The combine condo sales for the two Chula Vista Zips are 45 condos. There was a decrease in condo values from last year of 24% in 91913 and 17% in 91915. The median condo price is $203,000. If you’re buying or selling in Otay Ranch or anywhere in Chula Vista 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.

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All Information is believed to be correct but not guaranteed.