San Diego, CA Real Estate News

By Brian Brady, 858-777-9751
(San Diego VA Home Loans/858-777-9751)
Downtown San Diego condos were the rage for speculators at the tail end of the real estate boom.  The thoughts were that values, of an emerging downtown, would fall in line with cities like Vancouver, San Francisco, and Seattle (based on a price per square foot valuation); that still may happen.  If that's true, we may see downtown San Diego condos appreciate some 25% over the next 5-10 years. That could fetch you an annualized return of 7-10%, much of it tax advantaged.  That just isn't enough for the risk you take when you buy a downtown San Diego condo as an investment. Now, let's be conservative and say that those "mature" downtowns increase 3% per annum and downtown San Diego condos catch up to their NEW valuations.  That would make a lot of sense, right?    The annualized return ...
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
Owners of luxury real estate in San Diego should be celebrating because of the long-awaited arrival of Sotheby’s International Realty--and the active return of Bob and Loraine Dyson to San Diego real estate. It’s been a long time coming, but luxury listings in San Diego County will now reach the plasma displays at Sotheby’s Auctions throughout the world. Passing by the Sotheby’s real estate desk, an equestrian property in Rancho Santa Fe might tweak the interest of buyers attending a contemporary art sale in London–or an Asian Art auction in Hong Kong. A Del Mar oceanfront estate might capture the bidding fancies of venture capitalists and oil barons who are simultaneously vying for masterpiece tapestries at Sotheby’s Auction in New York. Sotheby’s has long known and practiced the old a...
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By William Johnson, Retired Real Estate Professional
(Retired)
This is an up to date Video from late this morning and as you will see , city officials are clearing the area and allowing 75 home owners in the area to return to their homes. 9 homes were red tagged ,deemed not suitable for habitation. There were 27 other homes that were yellow taged. It is believed they can be salvaged and restored. Once they are secured , then the homeowners there can also return. The ground on the hillside involved in yesterdays slide is said to be "at rest" by a Geologist. Whatever the cause of the slide, investigators will continue their probing and the area is being carefully monitored for any change that might take place.
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By William Johnson, Retired Real Estate Professional
(Retired)
A suburb of La Jolla, suffered a major landslide yesterday.  This disaster struck the area of Mt Soledad with a massive landslide.  With nine homes in total destruction, there are a number of others that were left uninhabitable.  As I write this it appears more homes in the immediate area may be at risk.  No one knows for certain what caused this tragedy, but San Diego as well as other areas of California are prone to earth movements and landslides. There were reports of seismic engineers test drilling in the area when the slide started. In no way wanting to be cynical here, but as one reporter declared, homeowner insurance policies will not likely be covering  the damage as earth movement is a natural event and exempt from coverage. It wouldn't surprise me that with initial help comin...
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By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
In terms of film festivals, San Diego is probably NOT on your list of places to go to see the best films, catch a glimpse of the stars, or be part of the paparazzi. It does neither the allure of the south of France nor the backing (yet) of Redford.But all that is changing. While Cannes may be the granddaddy of film festivals, and Sundance, in Park City, Utah, probably the best known here in the US, there seems to be a new upstart. (photo courtesy of /nicoon Flickr).San Diego is getting a fine reputation as a film festival destination. And why not? Only 2 hours from LA, it is fairly easy to draw a crowd, and celebrities, from the entertainment industry. There is a terrific convention center to boot.The San Diego Film Festival was held from September 27 through the 30th.The San Diego Wome...
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
A client we’ll call Josef decided to retire to Encinitas a couple of years ago. He was ultra-specific as to what he wanted in his North San Diego County luxury home. He demanded  a home with a pool, spacious outdoor entertaining areas, enough bedrooms to accommodate a couple of guests, a large office and a serious kitchen for cooking. He also wanted no houses looking into his windows or back yard. And why did Josef want Encinitas? He wanted to be close to San Diego beaches, close to La Costa Resort and wanted perfect weather that was second to none. Josef wanted nothing more than to escape the gloomy skies of Northern Europe and spend the rest of his days basking and tanning in San Diego sunshine. But Josef was also a very astute businessman: He knew he would be collecting his retiremen...
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By Brian Brady, 858-777-9751
(San Diego VA Home Loans/858-777-9751)
I just got off the phone with a bright Realtor who specializes in the Downtown San Diego real estate market. Denny Oh, of Prudential California Realty, writes a weblog called www.SanDiegoh.com.  He submitted a post to the weekly Carnival of Real Estate.  This week, Matt Padilla of the OCRegister, selected Denny's article: 6 Reasons Why Downtown Isn't Overbuilt In this article, Mr. Oh cites that a reduction in inventory and  strong pre-sale market supports the current pricing in the Downtown San Diego real estate market.  He notes that the developers are not  controlled by debt (they've paid off their loans) and are not subject to the selling pressures that come with a construction loan.  Most intriguing to me was that the Downtown San Diego residential community will triple in the next...
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First-Time Buyers in Downtown San Diego If you're a first-time buyer, perhaps you've only dreamed of purchasing a downtown condo or San Diego beach front property. But with the right information and a hardworking downtown real estate agent on your side, you can make that dream happen!Renting vs. Owning in Downtown San DiegoMaking the leap from renter to homeowner can seem daunting at first. But there are many reasons to feel confident in your decision to purchase now:More affordable housing is being built downtown than ever before. Ask about CCDC incentive programs and exciting upcoming projects. The San Diego renter's market is competitive. In many cases, it's easier to find a San Diego condo to purchase or even a San Diego luxury home for sale than it is to find a rental property. A s...
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By Deborah Engel, San Diego Homes & Property
(Prudential California Realty)
I recently moved from the suburbs of North County to the more urban area of Talmadge.  I was looking forward to being part of the community of Talmadge, something that didn't exist as readily where I was living.  I included my email in my new community's email tree. Last night, there was a question from a community member about a recommendation for an insurance agent.  Because I have a great insurance agent who I use and who my clients often use, I was more than happy to respond.Imagine my surprise this morning to find two, yes two, emails responding to mine, explaining that I was abusing the email tree to promote unsolicited testimonials about a business.  First, shock, then anger, then disbelief.  Being a new member of the community I promptly apologized if I overstepped some communit...
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By Deborah Engel, San Diego Homes & Property
(Prudential California Realty)
I just received this alert regarding a suspect who is using a scam to get into homes in San Diego in order to steal money and jewelry.  Please be careful!SDPD WARNS RESIDENTS ABOUT BURGLARY SCAM (San Diego) The San Diego Police Department is warning residents about a male suspect who is using a ruse to gain entry into homes and steal items. Three cases have been reported in the past two weeks; the first was in Mid City on Aragon Drive; one occurred in Serra Mesa on Amulet Street on September 24, 2007 and the third also occurred on September 24 in Allied Gardens on Glenroy Street.The victims say that a male comes to the door wearing a uniform similar to a mechanics uniform. He says he is with the city of San Diego Wastewater Department (or sewer department) and asks to check the plumbing...
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By Donna Patrick
(Keller Williams Realty)
Are you or do you know anyone who is looking to be a First Time Home Buyer? Now is the time to buy as rates are still low and there is one of the best buyer's markets that we have experienced in years. Now is the time to find a deal and realize the American dream of home ownership. Don't miss our upcoming First Time Home Buyer Seminar Sponsored by Keller Williams San Diego Metro and Donna Patrick Date: call 619-890-5961 for date Time: 6:30 PM-refreshments and appetizers will be served Location: 1500 State Street, Suite 100 at the Keller Williams Realty training room Cost: Free Registration: Required to attend. To register, please call 619-890-5961 or email us at donnajpatrick@kw.com your name and address. Get answers to common questions: What is the forecast for San Diego real estate? I...
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
I took a break from real estate this weekend and went shopping for underwear instead. I bought 30 pairs, and fear it won’t be nearly enough. Why?Because Jeff Turner took the time to write a very important post about his wife's passion to provide underwear for orphans in Kenya. You see, a very cool lady named Rocky wrote a very compelling blog, that inspired me to not only go shopping, but to start blogging for underwear–and posting up some very unprofessional photography. But that is inconsequential. Her Underwear for Africa project will go far to help put some smiles on some needy African orphans–and that is a worthy goal. In Kenya, at least, it is illegal to buy or sell used underwear, because authorities fear the spread of disease. That might not be a problem, except that average wa...
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Are you or do you know anyone who is a looking to be a First Time Home Buyer.  Now is the time to buy as rates are still low and there this is one of the best buyer's markets that we have experienced in years.  Now is the time to find a deal and realize the American dream of Home Ownership. Don't miss our upcoming First Time Home Buyer Seminar Sponsored by Robert Schantz of Keller Williams San Diego Metro and MetroCities Mortgage Your Real Estate Team of Choice Date:  March 19th, 2008Time:  6:30 PM - refreshments and appetizers will be servedLocation:  1500 State Street, Suite 100 at the Keller Williams Training RoomCost:  FREERegistration:   Required to attend.  To register, please call 619-398-3916 or email us your name and address.Get answers to common questions:•·         What is th...
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By William Johnson, Retired Real Estate Professional
(Retired)
DR Horton, One of the largest home builders in San Diego has become what is believed to be the first major builder here  to use an AUCTION house to move the remaining unsold condominiums in 2 different condo subdivisions here in San Diego.If they have success using this strategy to market the left over not yet sold units, other developers will likely be imitating Horton. But for now at least, D.R. Horton is the real innovator by creatively using this new untried method of sales here in San Diego.If you are interested, bidding on the remaining 50 or so units will take place Sept 29th, @1:00 PM at the Doubletree Hotel in Mission Valley. DHI Mortgage, a subsidiary of D.R .Horton is the preferred project lender.
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
We field questions all the time from frightened homeowners whose mortgages are resetting, whose homes are worth less than what they owe, or who simply wish to lock in future security and peace of mind. And we are not alone in trying to solve these problems. Yesterday afternoon, I spoke at length with William Johnson, author of the wonderful Real Estate Textbook and former president of the San Diego Association of Realtors. We were discussing the San Diego real estate market in general, and mortgage solutions in particular. He suggested that I write, once again, about the Acorn Loan–especially as it applies to our local markets. I’ve written about the Acorn Loan program before, but this time will specifically target San Diego County homeowners who are seeking affordable mortgages, mortg...
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By Mike and Dawn Lewis, The Lewis Team at Keller Williams in San Diego CA
(The Lewis Team at Keller Williams)
Who's Stealing My Open House Signs? When my wife first got into the resale real estate market from new homes we saved up some money and came out with a bang. We spent lots of money on marketing and plastered her name and face on everything that was for sale. She also had a real good base of about 1,000 homeowners that she sold homes to when she was with the new home builder. The market was just warming up and about to be on fire. BANG instant success. The timing was just right and I must use that word "TIMING" again because if we tried the same thing in this market the "TIMING" would be all wrong. Getting back to the stealing of the open house signs in the title. In the beginning there were some agents that were not very happy of our success and had no problem letting us know about it. ...
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By Mike and Dawn Lewis, The Lewis Team at Keller Williams in San Diego CA
(The Lewis Team at Keller Williams)
Buyers Agents Must Be Patient I have shown many homes to many buyers looking to buy a home or condo in San Diego. In the hot markets it's usually a 1 day event or maybe 2 days before we have written an offer or multiple offers on homes that the buyers like. In slower markets like the one we're in now it can take many outings and constant phone calls and emails to get a buyer to write offers. It's just the market. There's bad news in the paper on the news stations and just about everywhere concerning things like bubbles, short sales, bank repos, ARM's coming due and many more things that should make a buyer cautious. If I was a buyer I would be concerned too. With that said I think there is opportunity at least in the San Diego real estate market for buyers to go bargain shopping. There ...
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By Mike and Dawn Lewis, The Lewis Team at Keller Williams in San Diego CA
(The Lewis Team at Keller Williams)
Pet Odors Make a Home Less Likely to Sell One thing that will surely turn off a buyer is pet odors. This is one thing that will cause a perfect house in every other way not to sell. Let's face it even if you're a pet lover you wouldn't want to move into a home that already had other pet's smells throughout the home. Your pets might even feel like they have to mark their territory in their new home and that will cause even more pet odor. I have experienced many homeowners or their agents that try to mask the pet odors with air fresheners, candles and other items in an attempt to cover up the foul odors. If a homeowner has pets they're used to the smells of their home and many don't realize that their home even smells. Let me just clear this up, if you have pets your home smells like it h...
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By William Johnson, Retired Real Estate Professional
(Retired)
Highest Price Condo Sells in San Diego for 7.25 Million. This 3700 Square Foot, 1 Bedroom 1 and 1/2 Bath, Downtown Penthouse overlooking San Diego Bay has views stretching south to the border and La Jolla to the north. On a clear day it must feel like you can see forever.The $1,960 per square foot set the record for price paid per square foot also represents the highest price ever paid for a condominium in San Diego.      The Real Estate Text Book
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
The Butler is back:  In demand-and in short supply. Our world’s growing number of plutocrats with their huge and numerous mansions--along with expansive  lifestyles--are actively seeking household managers to oversee the care of their residences and lifestyles. These enormous homes require ongoing care, along with coordination of property and grounds service providers ranging from pool service technicians, to dog groomers and trainers, to maids, gardeners and arborists. Contemporary butlers, or Household Managers as they are called today, are far better educated than their historic peers. Today’s servant is likely to possess accounting, computer, and technology skills along with knowledge of property maintenance, home entertainment, menus, cooking and clothing care. Add to that the abi...
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