San Diego Housing Market this Week
Hello this is Joan Wilson with Prudential California Realty. I want to talk with you today about the housing market this week, the first week in September.
Single Family Homes in
There are 8447 active Single Family
Home listings on the
Within the last week there have been 611 new homes listed. Within that same week there have been 331 homes sold.
If you take a look at the active inventory and you look at that in comparison to the new weeks worth of listings, here are a couple of interesting facts. Homes listed within the last week listed at a little over $288 a square foot. Looking at all a homes in the active market. The square-foot price is an average of $349 a square foot. That is a drop in square-foot price of over $61 a square foot.
If you look at the inventory sold within the last 30 days, and the inventory sold within the week, you will notice that the square-foot price went from a little over 247 to a little over 245 the square-foot. That is a drop in price of $2.64 a square foot. You also notice that the inventory data sold this week has been on the market for five days less the average time on market.
Condos and Townhomes in
Now let's take a look at that townhomes and condos for sale in today's market.
There are 4090 active condo listings
(condos, townhomes, etc.) in the
If you look at the active inventory versus the new listings for the last week, you will notice that the square-foot price has dropped from a little over $343 a square foot to just over $295 a square foot. That is a drop of over $48 a square foot.
Let's to look at the sold inventory within the last 30 days, versus the sold inventory within the last seven days. You'll notice that the average price per square foot went up from a little over $236 a square foot to $241 a square foot. That is an increase of $4.50 a square foot. You will also notice that the time on the market hasn't changed any still 71 days.
Of course, it all gets down to, what does this mean to you?
Buying a home in San Diego
Well if your buyer, it means that homes are priced closer to the market value and that there is still room in to negotiate because there is a lot of inventory on the market. School have started, so there are fewer buyers in the market and more choices available for you.
Selling a home in San Diego
If you're selling, there is a lot of inventory out there and people are still looking for those good deals. You need to price your home to sell today, because obviously you don't want to give away your hard-won equity. Bottom line price your home to sell.
Call us today
to take advantage of the current market in
Joan Wilson (Realtor, SRES, Ecobroker, Certified REO, HAFA, and Short Sale Specialist)
Prudential
Direct Phone: 760-757-3468
800-975-7481 x 111
Fax: 760-946-7894
License # 01341483
Find Your Dream Home:
http://JoanWilson.PrudentialCal.com
Early in 1908, F.P Hosp and Partners planted 40,000
eucalyptus seedlings creating this grove. They hoped to supply railroad ties to
the Sante Fe Railroad. The wood was found to be inferior to other types. In
1987, 53 acres of the grove were acquired by the City of
Terrain: Unpaved
Distance: 3.0
Difficulty: Moderate and difficult
Located
in north
I-5 to Las Flores exit
West on Las
Right on
Let me know if I can help you in any way!
Joan Wilson
(Realtor, SRES, Ecobroker, Certified REO, HAFA, and Short Sale Specialist)
Prudential
Direct Phone: 760-757-3468
800-975-7481 x 111
Fax: 760-946-7894
License # 01341483
Homes for Sale
in San Diego County, today
First let’s talk about Single Family Homes for
8452 Active Listings in
1617 Sold Listings in
5.23 Months Worth of
Inventory
If you look at the sold listings, Average homes are selling for 98% of what they are listed for and are selling within 64 days. DOM stands for “days on market”.
Condos/TownHomes for
3884 Active Listings in
844 Sold Listings in
4.6 Months Worth of Inventory
Average condos/townhomes are selling for 98% of what they are listed for and are selling within 71 days
What does this mean to you?
If You are Buying
Homes are priced close to
market value. There is some room for
negotiations and I will show you a couple of examples of some very good deals.
School is also starting so there are fewer buyers in the market. That means less competition.
If You are Selling
People are still looking for
“Deals” however, they are more realistic in their offers.
Price your home to sell!
In a declining market the
seller who is willing to price their home right FIRST wins,….
versus the seller that waits and then someone else reduces their price and takes your equity with them!
Extreme Properties that have sold
$8,950,000…Built in 2009 on
6 bedrooms, 7 baths. On the market 233 days, Originally listed for $12,500,000. That is a 28% discount. Do you think that affected the values around it?
$12,000 …1 BR 1 BA cottage
located in
These 2 homes are the extremes of the market. Keep in mind that the average home is selling in 60-90 days, for 98% of list price.
Let me know
if I can help you in any way or if you have any questions. Remember, every area
of
Joan Wilson (Realtor, SRES, Ecobroker, Certified REO and Short Sale/HAFA Specialist)
Prudential
Direct Phone: 760-757-3468
Fax: 760-946-7894
License # 01341483
Joan Wilson Prudential
Here is a sneak peak of a lovely little home for sale in
If you would like to know when this comes on the market,
please call me at 760-757-3468, or email me at JoanWilson@prusd.com.
http://HAFAHAMP.net I wanted to let you know that we have a revised list of over 100 lenders and loanservicers that are participating in the HAMP (Home AffordableModification Program) and HAFA (Home AffordableForeclosure Alternatives) programs available. If your lenders name shows up on this list, you should be able to negotiate a loan modificationor a pre-approved short sale very easily if you qualify.
Wells Fargo, Chase Bank, and Bank of America include several additional company names that are participating. In addition, as you may knowFannie Mae and Freddie Mac are already participating in their own version ofHAMP and HAFA.
You can pick up a complete list on my website http://HAFAHAMP.net under the document library section.
If you need help, please feel free to pick up the phone andcall me at 760-757-3468 or 800-975-7481 x 101. I am here to help. Thank you Joan Wilson, Prudential California Realty.
Short Sales and the documents you need.
The question that I get asked more than any other question is, “what is the charge for your services?” I want you to know that you pay nothing for our help. We are paid by your lender, and only when we have completed a successful transaction. If someone wants to charge you for this type of service, that is illegal.
These are the documents that you will need to start gathering for your lender.
Gather the following:
The last 2 months bank
statements
The last 2 months pay stubs
The last 2 years tax returns.
Keep these documents up to date at all times. You will not have to send them to the lender all the time, but they will want updated documents as time goes by.
You will also need to fill out an asset and liabilities form…I have a copy on the first page of my website. http://ShouldIShortSaleMyHomeNow.com This sheet shows where your money is coming from and where your money is being spent.
You will need to write a
hardship letter too. This is pretty easy.
Then all you need to do is pick up the phone and give us a call. We will help you negotiate with your lender. Call us today. We are here to help.
760-757-3468
800-975-7481 x 101