Real Estate Market Conditions

April 2012 Encinitas Real Estate Market Conditions

May 8, 2012

Detached homes within North County has remained unchanged at $415,000 in March. The median price in North San Diego County dropped down to 7.81 percent compared to $450,165 in
March 2011.
For your copy of the full HomeDex report email James@BaxterCo.com

Rising Home Prices: Coming to a Market Near You:
Nationally, housing prices have bottomed and are on the rise. Asking prices on for-sale homes were 1.9% higher in April than one quarter ago.

http://pro.truliablog.com/industry-2/rising-home-prices-coming-to-a-market-near-you-2/?ecampaign=anews&eurl=pro.truliablog.com%2Findustry-2%2Frising-home-prices-coming-to-a-market-near-you-2%2F

Loan Modification:
It looks like the banks are finally playing ball when it comes to modifying a home owners loan.
I just got a loan modification for a client that included a $145,511.38 principle reduction!
Want to know if a loan mod is right for you? Give me a call!

March 2012 Encinitas Real Estate Market Conditions

April 6, 2012

Detached homes in North County increased 3.75 percent to $415,000 in February 2012
compared to $400,000 in January 2012. Year-over median price in North San Diego County
was stable with a small 0.6 percent fall compared to $417,500 in February 2011.
For more information email: James@BaxterCo.com

Encinitas increased in homes sold for the month of March of 37 homes sold, beating out February's 21. The sales price averages increased from $811,000 to under $1,200,000.

If you think you are paying too much in property taxes email me. I can check your tax base and see if it is worth having your taxes reaccessed.
http://www.sdtreastax.com/faqs-tax.html#stb2

The City of Encinitas is requesting community involvement for the Cities general plan.
Future growth for the city is anticipated, but where should it be located?
For more information you can go to www.encinitas2035.info

Cheers,
James Baxter

February 2012 Encinitas Real Estate Market Conditions

March 7, 2012

Encinitas San Diego North County Homes for Sale and Market Update

San Diego HomeDex reports that San Diego North County had a 3.37% decrease in January 2012 from December to a median sales price of $400,000.
For your full copy of the HomeDex report send me an e-mail: James@BaxterCo.com

Encinitas saw a small increase in homes sold for the month of February of 21 homes sold beating out January's 19. The average price declined from just over $1.1 million to $811,000 for the average home sales price.

Warren Buffett was recently interviewed on CNBC and said he thought it was a great time to buy residential real estate and that if he had a way to manage a few hundred thousand units he would buy some.

Warren Buffett CNBC interview:
http://video.cnbc.com/gallery/?video=3000075412

News agencies continue to report that the economy is looking better.
We need to keep our eye on the unemployment rate for a true rebound in our economy!

Unemployment info:
http://www.google.com/publicdata/explore?ds=z1ebjpgk2654c1_&met_y=unemplo...

If you have real estate questions, I have answers.
Give me a call!

Cheers,
James Baxter

January 2012 Encinitas 92024 Real Estate Market Conditions

February 3, 2012

January saw a strong increase in sales price for detached homes in Encinitas from $1,045,000 in December to $1,159,700 in January.

However, Encinitas real estate for sale did see a decline in home sales from 32 single family detached homes sold in December to 19 sold in January.

Encinitas currently has 120 single family detached homes listed on the market for sale,
and there are 82 homes under contract to purchase (or in escrow).

Interest rates are holding strong at a historic low of 3.875%

According to the AP this morning, January saw employers add 243,000 jobs bringing the unemployment rate down to 8.3%.

All great signs of a market recovery.
Just pray it all has some staying power!

Cheers,
James Baxter

December 2011 Encinitas Real Estate Market Conditions

January 31, 2012

News you can use!
Overall home prices are down to 2003 prices; mortgage rates are down to 1940 levels!
Currently rates are at 3.875%. On a $500,000 loan, that means your monthly payment would be $2,351.00
(with a 30-year fixed principle and interest loan)
Thinking about a refi? contact: Ryan.Hargrave@GuaranteedRate.com

There are few homes on the market, but there are some great deals to be found.

Because of the record low housing inventory, this is a GREAT time to sell!

It is once again less expensive to own than it is to rent.

Have more questions? I have answers, give me call! 760-271-9971

--
What do the numbers say?
Detached homes in North County increased 3.48% to $413,938 in December 2011 from
$400,000 in November 2011, countering last month’s fall.
(send me an email for the full HomeDex report.)

December was a busy month for Encinitas 92024.
Which currently has 122 detached homes on the market with an average list price of 1,422,000.
81 detached homes are under contract or are in escrow for purchase.
35 detached homes sold in December with an average sales price of 1,021,000.

For the long term health of the real estate market, keep your eye on interest rates and even more so, on unemployment, which as of last reporting is at 8.5%
(click the following link for historic unemployment numbers)
Historic Unemployment Rate

Cheers!