June 2018 Real Estate Market in Review

June’s San Diego real estate market in review: As of June 2018, the median detached home in San Diego County sold for $629,000 up 7.5% from the previous year.

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As of  June 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $413,000, up 6.7% from last year.

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The average detached home in San Diego spent 32 days on the market.

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Condos, twinhomes, and townhomes in San Diego spent an average of 26 days on the market.

Avg Mkt Time Attatched

As of June 2018, the average seller of a detached home in San Diego County receives 97.6% of the original list price at the close of the sale.

detatched % original

As of June 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.5% of the original list price.

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The inventory of homes in San Diego County is still very low.

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The supply of attached properties is also quite low.

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Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!

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Where to See July 4th Fireworks in San Diego

4th of July in San Diego

When it comes to Independence Day, San Diego goes big. So big, in fact, that the city is home to one of the largest firework displays on the West Coast (if not the largest). It’s a time-honored tradition that never fails to deliver a good time. So where can you go to catch the show?

Luckily, T+L has you covered. From a rooftop speakeasy in the Historic Gaslamp Quarter to a cruise around San Diego Bay to the terrace of one of the city’s most celebrated hotels, read on for the best tricks, tips, and spots to make the most of your holiday this year.

Downtown

There are only three words to describe July Fourth in downtown San Diego: Big Bay Boom. Starting at 9 p.m. and launched from barges located around the bay, not only is this the largest fireworks show in town, but the display is so big and so loud, it can be seen and heard from pretty much any part of downtown.

If you want to be in the thick of the action, your best bet is to heed Horace Greeley’s advice and “head west.” You can’t go wrong in Pacific Beach, Mission Beach, Harbor Island, and Shelter Island—all great locations to see the fireworks. Get there early and post up at the beach with all your essentials. These areas tend to fill up fast and it will be more rewarding if you come prepared with beach blankets and beverages in tow.

As in years past, a free shuttle service will be available to and from Harbor Island and Shelter Island. Mission Bay is a perennially popular party spot, made all the more fun if you have access to a boat.

Speaking of boats, harbor cruises are a really fun and exciting way to spend the holiday. Check out Hornblower Cruise Line’s special 4th of July Fireworks Dinner Cruise. Included with the price of admission is a dinner buffet and some killer views of beautiful downtown San Diego.

If you’re hoping to stick around the city, The Nolen’s rooftop bar and lounge in the heart of the historic Gaslamp Quarter is your best bet. Likewise, the views from Mister A’s rooftop will go un-paralleled, as will the experience of dining at one of the city’s most distinguished locales.

For those looking to mix in a bit of history on this already historic occasion, Old Town will be hosting a free, old-fashioned Fourth of July celebration where guests can relive the excitement of an 1800s Independence Day party. The all-day event starts at 10 a.m. and includes activities and games for all ages. Guests are encouraged to participate in the parade around the plaza reminiscent of the July 4 parades of early San Diego with music, animals, banners, and people in historical costumes.

4th of July in San Diego

La Jolla Shores

Working your way up the coast, La Valencia Hotel—also known as La Jolla’s Pink Lady—will come alive with music and entertainment for this year’s Fourth. Perched above the cliffs of La Jolla Cove, this timeless hotel offers extraordinary views of the Pacific Ocean and overlooking Ellen Browning Scripps Park guests and diners can enjoy drinks on the terrace of the hotel which affords both the views and a sense of respite from the crowds below.

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Del Mar

If you’re looking to celebrate in style, guests of the Fairmont Grand Del Mar will be able to partake in their own private fireworks show. As in previous years, the party will take place on the resort’s Aria Lawn and feature a sunset barbecue buffet including all-American favorites, live music, and some of the best fireworks in town. Non-resort guests can enjoy a Fourth of July brunch from 11 a.m. to 3:30 p.m., or dinner from 5 p.m. to 10 p.m. at Amaya.

For more information about where or how you can celebrate this fourth of July, check out SanDiego.org.

5 Home-Selling Tips Everyone Hears and May Want To Ignore

a15b18aec3b1e388baf2fe361bc9d778w-c0xd-w685_h860_q80.jpgOne of the hardest parts of selling your home is all the unknowns: Who will buy your place, and for how much? How long will it take? That uncertainty might make you particularly eager to soak up advice from just about anyone who’s willing to share. Problem is, just because your sister or co-worker swear by certain rules that worked for them, it doesn’t mean they’ll be a magic solution for you, too.

Fact is, a lot of the real estate advice circulating out there is outdated, region-specific, or just plain wrong. As proof, check out this list of tips that many home sellers hear … then learn how these words of wisdom don’t always hold water. Let this serve as a reminder that when selling a home, you should take everything you hear with a huge grain of salt.

‘You should always list your home in the spring’

Common knowledge says home-buying season starts in the spring and goes through the fall. Not true, says Melisa Aponte, a real estate agent with the Keyes Group in Miami, FL.

“January is a great listing month,” she points out. “People are back from the holidays and ready to start looking.”

Well, at least in places that don’t have a nasty winter, like Miami. Which makes a larger point about real estate advice in general, Aponte says: Every market is different, and what’s great advice in one area can be terrible advice in another.

Besides, when it comes to deciding when to list a home, there are two sides to the coin. Busier times mean more buyers, but also more sellers and more competition. Listing your home when inventory is low could snag the right buyer quickly. Life is unpredictable, and there will always be buyers looking in the “off season,” too.

‘You’ll find your buyer at an open house’

Open houses are exciting, akin to a debutante ball where your home makes its fresh-faced appearance to scads of suitors all at once. And that’s fine, but don’t expect this to be the venue where you find “the one” who makes an offer. While that can occur, open houses are more like parties, filled with swains who aren’t ready to settle down, says Anita Clark, a real estate agent in Warner Robins, GA. Serious home buyers will more often request a private one-on-one showing instead.

Of course, you don’t want to skip the open house entirely. It’s a great way for people to browse, and hey, you never know. Maybe your looky-loo neighbor has a family member who would love to buy your place after all. But it’s time to let go of the idea that an open house is a key step on the road to your ultimate buyer.

‘You can save money by paying less in commission’

Reluctant to fork over the 6% commission that real estate agents typically request to sell your home? Sure, that may seem like a lot of money, but what you might not realize is just how much work an agent does behind the scenes.

“A lot of people don’t understand that an agent’s job is more than just listing the home on the MLS,” says Aponte. Agents’ commissions pay for their time and for marketing materials. Posters, flyers, broker open houses, and yard signs all come from the money you pay your agent.

But beyond that, “it gives your agent the power to offer money to other agents who have qualified buyers,” she explains. That’s because the buyer’s agent and the seller’s agent split the commission.

Though in an ideal world, buyers’ agents would show them every property in their price range, regardless of commission, unfortunately it doesn’t always work that way, says Aponte.

“So if there are a lot of properties on the market and you’re only offering 2% commission, there are agents who won’t show that property,” she says.

Ultimately, you get what you pay for, and a higher commission can often justify itself in the sense that you can reel in tons of buyers, and (hopefully) spark a bidding war that’ll fetch top dollar.

‘Price your home high—and hold out for a buyer who’ll pay it’

Of course you want to get the most you can for your property. Still, pricing it sky-high and hoping a gullible buyer will fall for this aspirational sum? Not a great plan.

“I want to sell your property for a million dollars too, but I would be doing you a disservice to price it that way if the comps are saying $500,000,” says Aponte. Home buyers are highly sensitive to overpaying, and will quickly steer clear. And the longer your house sits on the market, the more buyers will begin to think something’s wrong with it … and lob you a lowball offer.

The best way to avoid this debacle is to price a house right from the start—not too high, not too low—and then seriously consider any offers that roll in, even if they aren’t as great as you’d hoped. To start things off, you can enter your address in a home value estimator to get a ballpark figure of how much your home is worth, then fine-tune that number with an agent’s help.

‘Here’s what the market is going to look like next year…’

Sure, it makes sense that real estate professionals will make educated guesses to help guide buyers’ and sellers’ decision-making. The operative word here is “educated.” Fact is, nobody really knows what the market is going to do; if they did, the housing crash of 2008 would have looked a lot different!

“Beware of ‘future’ predictions that don’t come from a reputable source,” says Dillar Schwartz, a real estate agent in Austin, TX. Sure, your brother-in-law or best friend might be trying to help, but keep in mind that their armchair philosophizing about the future of real estate is just an opinion—nothing more.

May 2018 Real Estate Market in Review

May’s San Diego real estate market in review: As of May 2018, the median detached home in San Diego County sold for $625,000 up 7.8% from the previous year.

Median Sales Detatched

As of  May 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $411,500, up 6.9% from last year.

Median Sales Twnhome

The average detached home in San Diego spent 32 days on the market.

Avg Mkt Time Detatched

Condos, twinhomes, and townhomes in San Diego spent an average of 26 days on the market.

Avg Mkt Time Attatched

As of May 2018, the average seller of a detached home in San Diego County receives 97.6% of the original list price at the close of the sale.

detatched % original

As of May 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.6% of the original list price.

attatcched % orig

The inventory of homes in San Diego County is still very low.

MOINV Detatched

The supply of attached properties is also quite low.

MOINV Attatched

Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!

Coastal Premier Properties Welcomes Lauren Anderson

Coastal Premier Properties is happy to welcome Lauren Anderson! Lauren will be working out of our La Costa office.

Lauren Anderson Welcome

Lauren Anderson is a San Diego native and was born and raised in North County. Her family has deep roots in the community and moved from the East Coast in the early 1900’s settling outside of Fallbrook. North County has been Lauren’s home for the majority of her life minus a year she lived in Vail, Colorado. She aided in the opening of a new restaurant and took lead with the training and hiring of new staff. After the restaurant was up and running she had to move back because she believes there is no where better to live than San Diego. She has a passion for this community and love sharing all it has to offer.

Lauren attained her Bachelors Degree in Business Finance at California State University San Marcos in 2006. Her degree gave her a wealth of knowledge in finance and expanded her knowledge of critical thinking and negotiations. Lauren feels that it sets her ahead of other agents who may not have experience understanding financial documents and negotiations.

Post college she spent the early part of her career working as a credit analyst for a leasing company and then worked in international accounting and domestic commissions. The recession of 2009 changed the course of her career to restaurant management and training. In 2015 she was looking for her next step and found Real Estate was exactly what she was looking for. Lauren blends her knowledge in finance and her extensive background in customer service to meet her clients needs, how to listen, and how to tailor ideas and insights so everyone gets what they need. Buying or selling a house can be stressful, but it doesn’t have to be. Lauren believes you should love where you live and enjoy the process of finding it, and she is there to help with both.

Click here to contact Lauren! For more information about Coastal Premier Properties, visit our website.

April 2018 Real Estate Market in Review

April’s San Diego real estate market in review: As of April 2018, the median detached home in San Diego County sold for $620,000 up 7.6% from the previous year.

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As of  April 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $410,000, up 7.6% from last year.

Twnhmn median sales

The average detached home in San Diego spent 32 days on the market.

Detatched avg mkt time

Condos, twinhomes, and townhomes in San Diego spent an average of 26 days on the market.

attatched avg mkt time

As of April 2018, the average seller of a detached home in San Diego County receives 97.6% of the original list price at the close of the sale.

detatched % original

As of April 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.6% of the original list price.

attatcched % orig

The inventory of homes in San Diego County is still very low.

MOINV Detatched

The supply of attached properties is also quite low.

MOINV Attatched

Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!

March 2018 Real Estate Market in Review

March’s San Diego real estate market in review: As of March 2018, the median detached home in San Diego County sold for $619,000 up 7.7% from the previous year.

Detatched Sales

As of  March 2018, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $406,000, up 6.8% from last year.

Attatched Sales

The average detached home in San Diego spent 33 days on the market.

Detached Mkt Time

Condos, twinhomes, and townhomes in San Diego spent an average of 26 days on the market.

Attatched Mkt Time

As of March 2018, the average seller of a detached home in San Diego County receives 97.6% of the original list price at the close of the sale.

Detached % Orig

As of March 2018, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.6% of the original list price.

Attatched %

The inventory of homes in San Diego County is still very low.

Detached MOINV

The supply of attached properties is also quite low.

Attached MOINV

Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!