Jed Clampett Was Right!!!
Filed Under categories: News You Can Use, Real Estate News
posted by Kea on June 19th, 2008
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In case you don’t know who he is, check out one of the cable channels and watch some episodes of “The Beverly Hillbillies”. Ole’ Jed figured it out long ago that if you discover oil in your yard or a pile of dough under the mattress, “California is the place you want to be…”
The news on the housing market continues to paint a bleak picture and if the information is to be believed at face value, every other home on every block is in foreclosure. But, let’s take a closer look and put those numbers into perspective.
What Housing Recession?
Market’s blues aren’t flattening prices of coastal homes and mansions
San Diego Metropolitan, By Alan Nevin
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Featured Home: The Grande North
Filed Under categories: Columbia District, Downtown, Featured Home, News You Can Use
posted by Kea on June 5th, 2008
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The Grande North 1205 Pacific Hwy #2801, San Diego, CA 92101
2 bedrooms+den/ 2 bathrooms
Approximately 1,945 square feet
$1,779,000
Click here to view additional information
Click here to a view a slideshow
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RENTING VS BUYING: The Debate Continues
Filed Under categories: Buying, News You Can Use, Real Estate News
posted by Raye on June 3rd, 2008
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The following article from the New York Times is one of the best arguments for considering buying that has been written in a very long time. And, the best thing about it? It’s written by a reporter committed to renting - up to now. Although different regions of the country are experiencing different degrees of housing market pains, almost everywhere and every price point is reporting significant decreases in home values. Isn’t the obvious staring us in the face? It means it’s a great time to buy! Duh!
Click here to read NYtimes article: As Home Prices Drop Low Enough, a Committed Renter Decides to Buy
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Perception vs Reality: Today’s Real Estate Market
Filed Under categories: Buying, Columbia District, Core, Cortez Hill, Downtown, East Village, Finance, Gaslamp Quarter/ Horton, Little Italy, Marina District, News You Can Use, Real Estate News, Real Estate Stats, Selling
posted by Raye on May 30th, 2008
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Key Note Speakers: Derek Danziger Emcee - Tom Blair, Editor-in-Chief of San Diego Magazine
Russell Valone
President, MarketPointe Realty Advisors
Vice President, Marketing and Communications, CCDC
Q & A to follow
SEMINAR CANCELLED FOR 6/26
Seminar CANCELLED- Thursday, June 26, 2008, 6:30 - 8:30pm
The Westin Horton Plaza, 910 Broadway Circle, San Diego 92101 Map
Light Refreshments
RSVP to sfmarketing@prusd.com
Hosted by: Scott~Finn & Associates
Raye Scott, Francine Finn, Monica Ball, Dave King, Denny Oh, Sarah Scott & Marsha Shepard
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San Diego County Sales Statistics: April & March
Filed Under categories: News You Can Use, Real Estate Stats
posted by Kea on May 27th, 2008
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This chart displays the number of sales and median sales price and represents a comparison between March 2007 and March 2008 and April 2007 and April 2008. Year to Date statistics are represented by the acronym YTD.
Click below to view statistics for January & February
San Diego County Sales Statistics: January & February
This chart displays the number of sales and median sales price and represents a comparison between January 2007 and January 2008 and February 2007 and February 2008. Year to Date statistics are represented by the acronym YTD.
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Getting The Most From Your Gas Dollars
Filed Under categories: News You Can Use, Words of Wisdom from Uncle Lee
posted by Raye on May 22nd, 2008
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As we all suffer and agonize over the rising cost of gas and all the ripple effects throughout the economy, here are a few good tips most people do not know. If the price of a barrel of oil does hit $200 as some have predicted, these useful hints will be more important than ever.
TIPS ON PUMPING GAS
I don’t know what you guys are paying for gasoline, but here in California, we are also paying higher, up to $3.50 per gallon. But my line of work is in petroleum for about 31 years now, so here are some tricks to get more of your money’s worth for every gallon.
Tip #1
Only buy or fill up your car or truck in the early morning when the ground temperature is still cold. Remember that all service stations have their storage tanks buried below ground. The colder the ground, the more dense the gasoline. When it gets warmer, gasoline expands, so buying in the afternoon or in the evening, your gallon is not exactly a gallon.
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Building of the Month: Pinnacle Museum Tower
Filed Under categories: Building of the Month, Downtown, Marina District, News You Can Use
posted by Kea on May 6th, 2008
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Pinnacle Museum Tower
District: Marina
Address: 550 Front Street, San Diego CA 92101
Year Built: 2005
Units: 179
Developer: Pinnacle International
Click here to view all properties for sale at Pinnacle
Located in the heart of the Marina district, the Pinnacle is one of downtown’s newest and most elite towers boasting superior amenities, stylish units with unique and sophisticated finishes and world-class views. Walk in minutes to San Diego’s famous waterfront or enjoy Horton Plaza shopping, a ball game at Petco Park or the excitement of the Gaslamp Quarter, clubs and restaurants. This is a city whose time has come!
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Downtown San Diego Market Overview
Filed Under categories: News You Can Use, Real Estate News, Real Estate Stats, Selling
posted by Raye on May 1st, 2008
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Latest Statistics for Downtown
San Diego Real Estate
The following graphs and charts prepared by MarketPointe Advisors are informative and helpful in fairly analyzing the current market in downtown San Diego. Because it is the new home market that has been most severely affected, the downtown has not taken the deep plunge seen in other markets. In fact, the case can be made that we have already hit our bottom and this could be our turn around year.
So far in 2008, the numbers look as good or better than 2007 for the 92101 zip code.
Click here to view MarketPointe Downtown San Diego Housing Market Overview
The MarketPointe Housing Market Overview includes statistics for the following Downtown topics:
1. Map of New Homes For Sale Downtown
2. Downtown San Diego New Homes Sales Trends
3. Downtown’s Best Selling Projects
4. Downtown San Diego New Home and Resale trends
5. Downtown New Home Inventory, Conversions and Resales
6. Resale, Days On Market
7. Downtown San Diego New Home Pricing Trends
8. Downtown San Diego Resale Pricing Trends
9. Downtown Proposed ActivityClick here to view the full report
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Featured Home: The Grande North
Filed Under categories: Columbia District, Featured Home, News You Can Use
posted by Kea on April 23rd, 2008
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The Grande North 1205 Pacific Highway #3006, San Diego, CA 92101
$1,249,000
2 bedrooms+den/ 2 bathrooms
Approximately 1,684 square feet
With gorgeous city views and the dazzling bay in front, this unit at The Grande North will surpass your expectations. Designed with beautiful, maple hardwood floors and cabinetry, slab granite in kitchen and baths and state of the art appliances, this unit has so much to offer the discriminating buyer.
Click here to view additional information and photos
Click here to view a community tour of The Grande
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San Diego: Still Want To Rent??
Filed Under categories: Buying, Finance, News You Can Use, Real Estate News, Real Estate Stats
posted by Raye on April 22nd, 2008
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When a market changes from a seller’s to a buyer’s market, it’s not uncommon to for sellers to try and rent and “wait it out”, if they can and for buyer’s to rent and sit on the sidelines licking their chops and waiting for “deals”. But, at some point, it becomes self-defeating trying to time that ubiquitous “bottom” and it’s time to get on with it!
Following are some statistics that should every current renter should know before signing another year lease:
The Department of Commerce reports that between 1995 and 2004, the average renter accumulated a little over $4,000 in net worth.
The average homeowner accumulated $184,400. That translates into $180,000 more, or $1,500 per month.
In other words, each month that the average first-time buyer continues to rent, it costs them $1,500 in lost wealth accumulation.
Furthermore, renters are subject to rent increases as well as higher tax rates because they cannot take a mortgage deduction.
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