Location, location, location in Woodside Hills

SOLD FOR $534,900 BY WESLEY GUEST. I’d like to thank my clients for allowing me to guide you through the process of upgrading from your condominium to your purchase of your wonderful Santee home at 11032 Collinwood Drive. I know you will be very happy here.

Centrally located Santee home in Woodside Hills. Property has been well cared for. Recently remodeled kitchen with stainless steel appliances, new cabinets, granite counter tops and farmhouse sink. Tile and real wood floors throughout the entire home with newer vinyl dual pane windows. Downstairs master bedroom with attached full bath along with 2 bedrooms upstairs each with their own attached full bathrooms. Driveway has been replaced with pavers, backyard has a Jacuzzi/gazebo great for entertaining!

Top Floor Condo in a Perfectly Located Resort Style Complex in Mission Valley

SOLD FOR $331,000 IN 9 DAYS BY WESLEY GUEST!  Top floor condo in a perfectly located resort style complex in Mission Valley. No neighbors above and one of only a handful of units that have a fireplace! Features include vaulted ceilings (only top-level condos at Mission Village have these), stainless steel appliances, new hardware in the kitchen, new mirrored closet doors in the master bedroom, fresh paint, new light fixtures, new stone tile in both bathrooms, two separate balconies, private corner location, new carpet in bedrooms, and parking.

Mission Village is a resort like complex with many amenities to include a tennis court, a basketball court, a pool, a spa, a billiard room, a community room and recreation center, a zen like pond an river, a fitness center, and plenty of parking.

CLICK HERE FOR PRICE AND ALL THE DETAILS

 

Beautiful San Diego Country Estates Home

SOLD BY WESLEY GUEST FOR FULL LIST PRICE: This beautiful home is on an ideally situated quiet lot. There is an upstairs master bedroom with balcony, a downstairs mother-in-law suite, wood flooring, stainless steel appliances, a pool, and plenty of garage and driveway parking. The kitchen is spacious and connected to the main living area. The backyard has no neighbors behind and has plenty of land for gardening. San Diego Country Estates has a park with heated swimming pool, family picnic amenities, 2 dog parks, 18-hole golf course, equestrian center(s), 50+ miles of hiking and horse trails, a clubhouse with restaurant/bar, & lighted tennis courts.

CLICK HERE FOR PRICE AND ALL THE DETAILS

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First Time Home Buyers 7440 Waite Drive

SOLD FOR $515,000 BY WESLEY GUEST Id like to thank and wish my clients the very best on their purchase of this cute remodeled La Mesa home at 7440 Waite Drive. I know you will be very happy here. Thank you for trusting me and allowing me to guide you through the process.

Must see remodeled home with no expense spared! New custom kitchen with beautiful quartz counter tops, stainless steel appliances, & walk-in pantry. Large living room with cozy fireplace perfect for entertaining! Big master bedroom with walk-in closet. Bathrooms have new modern tiled floors, sinks, white wood cabinets, & brushed nickel lights / fixtures. Modern touches throughout. Feel the natural light w/new dual pane windows. New floors throughout & solar panels.

Fabulous tropical paradise in La Costa Greens

SOLD BY WESLEY GUEST FOR $1,050,000 Fabulous tropical paradise in LaCosta Greens. Lushly landscaped private yard w/ canyon views & your own energy efficient salt water pool w/ Baja bench, & spa. Plenty of room in this 4 bedroom, 4 ½ bath & 3 car garage. The home features spacious gourmet kitchen, SS appliances, granite counters, tile flooring, fireplaces in living & family rooms, First level bedroom w/ full en suite bath. Master bedroom w/ balcony view, tiled bath, dual sinks, vanity, & much more. All bedrooms with own baths.

Enjoy the Presidio community amenities that are only a short walk away the includes a pool, tennis, gym, playground and clubhouse. Walk/hike around the beautiful grounds and alongside the waterfalls and duck lake. Close to Legoland and the Carlsbad outlet mall. Walking distance to Alga Norte Community park and water center.

4034 Epanow Ave… This cozy home is a must see for anyone looking in the Bay Ho

SOLD FOR $523,000 BY WESLEY GUEST! Location, Location, Location… This cozy home is a must see for anyone looking in the Bay Ho

This cozy home is a must see for anyone looking in the Bay Ho area of Clairemont. It has been renovated from top to bottom to include the kitchen, both bathrooms, the master bedroom, a new roof, a new electrical panel, new exterior paint, new stone flooring on the large patio. Other attributes include a huge backyard, fruit trees (orange and avocados), a workshop that can be used as a laundry room, and a fireplace in the family room adjacent to the kitchen.

Click on the picture (4034 Epanow Ave) below for more pictures and all the details.

San Diego Real Estate Market Report and Stats for November 2014

Thinking of buying or selling a home?.  Maybe you already own real estate and are curious what’s happening in the market?  These are the figures for San Diego and several micro San Diego real estate markets including Downtown, Pacific Beach, San Elijo Hills, and Mira Mesa you are looking for.  This is real deal information and statistics for what is happening right now.  Most other public data and “news” stories about the market follow the Case Schiller index and are already 2 months old (There is a two-month lag time in the data reported).  Old news is now news in real estate.

The best argument I have heard for why it’s a good time to buy real estate:  Mortgage interest rates are still a historical lows, home prices have reached a stable and sustainable level, and rental rates continue to climb and outpace home appreciation levels (rents are expected to climb 19% over the next couple years!).   A mortgage payment on a home will be cheaper in most cases than renting a home in San Diego.  Also, don’t forget that unlike stocks, bonds, and other investment entities and options, you get added utility from being able to live in your investment.  You gotta live somewhere right?  I’d like to see you move into your shares of Microsoft or Apple.  Maybe the iHome?  Sorry, a little real estate agent humor.

San Diego real estate market stats for November 2014 below:

San Diego Real Estate Market:

  • Median Price $450,000 0% prices are flat ($450,000 previous month). +8.4% from same month last year.
  • Inventory dropped 7% from 10,092 to 9,394 since last month. -7.2% from same month last year.
  • Sales dropped 5% from 2,928 to 2,769 homes and condos since last month. -12% from same month last year.

Downtown San Diego Real Estate Market:

  • Median Price $525,000 -.001% prices are flat ($526,000 previous month). +13.5% from same month last year.
  • Inventory dropped 12% from 315 to 278 since last month. -14.2% from same month last year.
  • Sales dropped 15.5% from 71 to 60 homes and condos since last month. -22.1% from same month last year.

THINKING OF SELLING REAL ESTATE IN SAN DIEGO?  THINK AGAIN!

San Elijo Hills Detached Home Real Estate Market:

  • Median Price $700,000 -3% price decrease ($680,000 previous month). -1.3% from same month last year.
  • Inventory dropped -7% from 56 to 52 since last month. -13% from same month last year.
  • Sales dropped -12% from 17 to 15 homes and condos since last month. -44% from same month last year.

Pacific Beach Real Estate Market:

  • Median Price $665,000 -17% price decrease ($807,500 previous month). -6% from same month last year (It’s normal to have monthly wild price swings in PB).
  • Inventory dropped -11% from 195 to 174 since last month. -8.4% from same month last year.
  • Sales dropped -10% from 52 to 47 homes and condos since last month. -6% from same month last year.

Mira Mesa Real Estate Market:

  • Median Price $395,000 +16% price increase ($470,000 previous month). +17.5% from same month last year.
  • Inventory dropped -11% from 131 to 117 since last month. -15.8% from same month last year.
  • Sales dropped -8% from 48 to 44 homes and condos since last month. -22.8% from same month last year.

HOW TO BUY A SAN DIEGO HOME OR CONDOMINIUM

 

Short Sale Seasoning Requirements Will Change on August 16th, 2014

Short sale seasoning requirements will change on August 16th, 2014. You might be thinking what does this mean exactly and how long do I have to wait before I can get a new mortgage after a short sale in San Diego?

Current seasoning periods for short sales under most conventional loan programs are:

  • 7 years with less than 10% down payment.
  • 4 years with between 10% – 19.99% down payment.
  • 2 Years with 20% or more down payment.

This will change on August 16th, 2014. The new seasoning guidelines for conventional short sales are:

  • 7 years with less than 10% down.
  • 4 years with 10% down payment or more (A 2 year seasoning requirement is allowed if you can document extenuating circumstances that caused the short sale. A declining market is not considered a hardship).

So what does this mean? This means that if you sold San Diego real estate as a short sale recently, you have to wait 4 years before you can get a new mortgage if you managed to save 10% for a down payment or more. You will have to wait 7 years if you have less than a 10% down payment.

SEARCH SAN DIEGO REAL ESTATE LIKE A PRO!

Why the change from Fannie Mae? It lowers the overall risk to the mortgage portfolio’s Fannie Mae holds although the side effect will be less borrowers and buyers in the real estate market. The magnitude of this effect will soon be demonstrated.

Are there any alternative options to get around the 4 year or 7 year seasoning requirement? There will be many niche lenders and portfolio investors looking to cash in on this new restriction from Fannie Mae. There will be options but with additional risk to any investor comes higher cost and usually rates to the borrower. Whether or not the products will make sense will be decision that must be made on an individual and unique basis.

Agree? Disagree?  Questions?  Please use the my form or comments section below.

Real Estate Video Tour for 840 Turquoise Street #210 in Pacific Beach 92109

 

My latest real estate video tour for 840 Turquoise Street #210 in Pacific Beach 92109.   This incredible condominium is available for sale.  It is one of the largest 1 bedroom, 2 full bathroom condos in the entire neighborhood at over 900 square feet..  It has all the upgrades and amenities including 2 pools and a spa.  Please contact me for more information or to schedule a private tour.

For more information including pricing, please click here

 

Pacific Beach Real Estate Market Report for April 2014

 

Pacific Beach Real Estate Market Report for April 2014:  The real estate market in Pacific Beach is busy and competitive!  Home and condo inventory levels are lower than average for San Diego and creating many bidding wars for the best properties.  The median price in Pacific Beach is at $610,000 which right about were prices were at the real estate peak approximately seven years ago.

View All Pacific Beach Real Estate for Sale

Home sellers in Pacific Beach are selling in just about a month or so.  If you are a home buyer in Pacific Beach, expect to face competition from other would be Pacific Beach home owners.  Summary statistics below:

92109 (low inventory, prices about where they were at the peak).

  • Median Price:  $610,000…
  • Active Market Time:  50 – 60 days
  • March 50 Sales
  • Currently 154 Active Listings, based on close of March we are in a border line sellers market/normal market.  Inventory is very low right now.

Questions?  Comments?  Agree?  Disagree?  Speak your mind using the form below.