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!

Incredible Panoramic Views Overlooking the Pacific Ocean

SOLD IN 16 DAYS! My newest listing in Mission Hills at 3929 Bandini Street near Old Town, is the absolute definition of an ideal location.

Incredible panoramic views overlooking the Pacific Ocean, San Diego Bay, and the City. This location alone is a must see for anyone thinking of buying a home in Mission Hills. This home is cozy as-is but has potential to expand both up and down. Granite in the kitchen, large bedrooms, new water filtration system, new A/C unit and furnace, plus a 5 year old roof.

Click on the picture below for more pictures and all the details.

Panoramic Views with a Peak Ocean View

 

SOLD FOR FULL PRICE AND IN ONLY 2 DAYS.  Panoramic Views with a peak ocean view! This cozy home has an upgraded kitchen, upgraded bathrooms, brand new carpet with Spanish tile, a huge custom sky light for energy savings & plenty of natural light throughout. The deck is huge, a perfect place to experience incredible views. A bonus area downstairs with a full bathroom suitable to be a work shop, a play room, another huge bedroom… The possibilities are endless. Fresh paint & double paned windows make this home turn key & move in ready.

See More Pictures and to get the Current Listing Price

Contact the Wesley Tyler Real Estate Group with any questions or to schedule your own private viewing by using the form below:

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

 

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

 

What Does “As-Is” Mean In Real Estate

 

What does “as-is” mean in real estate and should you be concerned as a buyer? I cannot think of very few other terms in real estate that create as much confusion and anxiety with home buyers. Just to be clear, we are not talking “may the buyer beware” or “don’t buy a lemon”.  Save that for the used car lot.    When a San Diego property is being marketed for sale with an “as-is” provision, the only thing this means is the seller is literally selling the property as-is. The seller must still disclose as material facts and defects that are known.  As-is does not give a home seller a “free pass”.  As a home buyer, you still conduct your due diligence including a physical inspection of the property during the escrow period. In the event any issues arise, big or small, the seller will not pay to repair any short comings the property may contain.what is an as-is sale san diego real estate

For example: You make an offer to purchase a home in La Jolla. The seller accepts your offer but clearly discloses to you that they are selling the property “as-is” and will not be making any repairs based on any inspection reports. You proceed into escrow and conduct a physical inspection. Among simple cosmetic items, your home inspector determines the roof is worn and needs major repairs or complete replacement. In a normal transaction, you request the seller makes all repairs or concedes a credit to you at close of escrow. In an “as-is” transaction, your option as a buyer is to either accept the repair work and pay for all said work or to simply walk away from the purchase. The option to walk away is covered under normal conditions by your contingencies during your escrow period.

Search MLS for San Diego Real Estate for Sale

Where do we see “as-is” sales? Most bank owned sales and foreclosures are sold as-is. In addition, many short sales are sold as-is. Some trust and estate sales may be sold “as-is”. Finally, some private sales may be as-is. As-is sales can restrict your buyer pool as a seller so in most cases, I do not recommend any sellers sell as-is.

As-is sales are nothing to be afraid of but be prepared to take on at least some cosmetic items. Every house will have some issues. In the event your home inspector finds no issues, find a new inspector! Be prepared though. If the inspection reveals a major item, you must decide how badly you want the property, your purchase price relative to repair cost, and the total cost of repairs required.

Questions? Comments? Please send them my way anytime!

Here is what good old wikipedia says about as-is!

La Jolla Real Estate and Open House at 2509 Ardath Rd in La Jolla 92037

La Jolla Real Estate and Open House at 2509 Ardath Rd in La Jolla 92037

Please drop by on Sunday, August 11 between 1pm and 4pm, at my open house at 2509 Ardath Rd (click this link for more pics and details) in the neighborhood of Hidden Valley in La Jolla.  These types of value purchases in La Jolla do not come along very often.  This particular home is a 5 bedroom house with a separate 2 bedroom guest home on the property!  The home is just over 3500 sq ft with stainless steel appliances and a pool with spa.  Hopefully you can make it to see this wonderful La Jolla gem on Sunday.  This is an approved short sale, more information available by request.

 

Looking forward to seeing you.

Wesley Guest

wesley guest 2509 ardath rd in la jolla 92037 approved short sale

 

 

 

 

 

Downtown San Diego Real Estate Market Report for June 2013

The Downtown San Diego real estate market for June 2013 continues to steam ahead.  The number of sales increased to 83 monthly sales for June.  That is a 30% increase compared to June of 2012.  In addition, we saw the number of properties that listed for sale rise.  This is great news for buyers in Downtown San Diego as we are starting to move back to a balanced market, not the frenzied seller’s market we saw the first 6 months of 2013.

See All Condos for Sale in Downtown San Diego 92101

An important item to note is mortgage interest rates and the effect their rise is having.  The greatest effect is buyer affordability.  A buyer’s monthly payment just went up significantly with the rise in interest rates.

I.E. Buyer purchases a a condo in Downtown San Diego for $400,000.  If that buyer purchased the condominium a month ago, lets say their payment would have been around $1,879 (minus all taxes, fees, HOA payment, etc) with a 3.5% mortgage interest rate.  If that same buyer purchases the same Downtown San Diego condo today for $400,000 with a 4.5% mortgage interest rate, their payment will jump to $2,063.  That is a fairly drastic change in 30 days just by way of a change in mortgage rates.

I believe this will continue to bring balance to the market and will help buyers by reducing some of the fierce competition they have been facing the last half year in the Downtown San Diego real estate market.

An important trend that became apparent in June 2013 is the luxury condo market ($1,000,000 and above) started gaining momentum quickly in regards to total number of sales.  A 51% jump in activity in some neighborhoods and buildings!  The Downtown San Diego luxury condo market was one of the last remaining market segments to get going in the 2013.  Let me tell you, they have started the engines and they are off!  The million  dollar real estate market is gaining ground quickly.  This market is in overdrive. The statistics below speak for themselves:

Real Estate Market Facts for June 2013 in the 92101  (Published July 10th, 2013):

  • 203 Active Listings for Sale as of July 10th, 2013
  • Average Days on Market to Sell: 43 Days (June 2012 was 91 Days)
  • 83 Total Sales for June 2013 (June 2012 had 64 Total Sales)
  • Median Sales Price for June 2013: $424,900 (June 2012 was $436,500)
  • Highest sale Pics & Video: Bayside, 33rd floor, 2 Bed for $2,975,000
  • Lowest sale Pics & Video: Element, 3rd floor, Loft for $172,500
  • Most Expensive Current Listing, Pics & Video: Harbor Club, $9.975M
  • Least Expensive Current Listing, Pics & Video: The Mills, $199,000

Breakdown by Neighborhood for June 2013:

Summary: The Downtown San Diego real estate market is in hyper-drive like the rest of San Diego county.  To answer the question I think I receive on a daily basis right now is:  Yes, it is a great time to buy real estate right now.  Interest rates are still relatively low, prices are rising but they haven’t shown any signs of slowing down, and the US economy is continuing to strengthen!  In addition, buyers need to find an agent who is very familiar with the market and all the buildings.  It’s competitive but the best agents now what to do and how to help you achieve all your real estate goals.

If you have property to sell, align yourself with an experienced Downtown San Diego real estate agent, you will sell for top dollar and in a very short amount of time.  Although the best time to sell was most likely in the previous six months, there is still a tremendous amount of buyer demand and a Downtown San Diego condo seller can look forward to lots of interest from potential buyers if they position their condo correctly.

Interested in Selling? Contact me for a no hassle marketing proposal

Questions? Comments? Please send them my way!

La Jolla Real Estate Market Report for Homes and Condos, May 2013

La Jolla, just like the rest of San Diego, is currently experiencing a surge in demand and rise in home and condo prices.  Single family homes are currently on pace with an annualized 12% rise in prices while condos and town-homes are rising at a slightly higher rate.  The price points of many detached homes in La Jolla are much higher than attached properties so this is too be expected.  This La Jolla real estate rise is sustainable and we will see much of the same for the foreseeable future.

Search all Homes and Condos for Sale in La Jolla 92037

This is all great news for the La Jolla Real Estate Market.  As always, I’ve compiled some vital and interesting statistics below:

92037 Real Estate Market Facts for May 2013:

  • 254 Active Listings for Sale as of June 10th, 2013
  • Average Days on Market to Sell:  43 Days (May 2013 was 48 Days)
  • 95 Total Sales for May 2013
  • May 2013 Median Sales Price:  $962,250 (May 2012 was $945,000)

Single Family Detached Homes (SFR):

  • 42 Total Sales (May 2012 had Total Sales 26)
  • Detached Homes– Median price was $1,501,000 (May 2012 was $1,359,500)
  • Average Days on Market to Sell: 66 Days (May 2012 was 78 Days)
  • Highest sale La Jolla Shores, for $8,825,000
  • Lowest sale Village of La Jolla, for $725,000
  • Most Expensive Current Listing:  Pics & Video:  La Jolla Farms, $22,900,000
  • Least Expensive Current Listing:  Pics & Video:  La Jolla Shores, $701,000

Condominiums and Townhouses (ATT):

  • 54 Total Sales (May 2012 had 31)
  • Attached Homes– Median price was $622,000 (May 2012 was $475,000)
  • Average Days on Market to Sell: 60 Days (May 2012 was 114 Days)
  • Highest sale La Jolla Village, for $2,475,000
  • Lowest sale Village of La Jolla, for $221,000
  • Most Expensive Current Listing:  Pics & Video: Village of La Jolla, $5,595,000
  • Least Expensive Current Listing:  Pics & Video: La Jolla Village, $235,000

Summary:  This is a very good time to buy or sell real estate in La Jolla.  Home affordability still remains at record low levels, especially in La Jolla.  There may not be a better time to enter the real estate market in one of the most desirable communities in San Diego in our lifetime.

Finally, interested in living on pacific ocean?  Please check out my teams dream listing at:  6102 Camino De La Costa.

Have a La Jolla Home to Sell?  Contact me for a no hassle marketing proposal

Questions? Comments? Please send them my way!

Real Estate Market Report for Downtown San Diego Condos Published June 2013

 

The Downtown San Diego real estate market for condos for May 2013 continued to charge ahead with no immediate slow down in sight.   We are seeing an ever so slight uptick in condo listing inventory for sale but no were near what it will take to satiate current Downtown San Diego condo buyer demand.  Bottom line:  It’s still a seller’s market.

Downtown San Diego saw an overall median price increase yet again for May 2013.  The average time to sell a condo for sale dropped by 5 days to 43 days on market!  There was a monster sized sale at The Metropolitan (sits on top on the Omni hotel).  All 5 sub neighborhoods showed big median prices increases.

Search all Condos for Sale in Downtown San Diego 92101

This is all very good news for the Downtown San Diego Real Estate Market.  As always, I’ve compiled some vital and interesting statistics below on the market:

92101 May 2013 Real Estate Market Facts (Published June 5th, 2013):

  • 181 Active Listings for Sale as of June 5th, 2013
  • Average Days on Market to Sell:  43 Days (May 2013 was 48 Days)
  • 91 Total Sales for May 2013
  • May 2013 Median Sales Price:  $475,000 (May 2012 was $445,000)
  • Highest sale The Metropolitan, 26th floor, 4 Bed for $3.4M
  • Lowest sale Palermo, 6th floor, Loft for $210,000
  • Most Expensive Current Listing:  Harbor Club, $9.975M
  • Least Expensive Current Listing:  Hard Rock, $200,000

More interesting facts and figures:

  • Only 11 were short sales.
  • Again, there were no foreclosure sales.

Breakdown by Neighborhood for May 2013:

  • East Village – 21 Total Sales, median price was $441,000 (April 2013 was $332,500)
  • Columbia District – 9 Total Sales, median price was $700,000 (April 2013 was $650,000)
  • Little Italy – 7 Total Sales, May median price was $445,000 (April 2013 was $395,000)
  • Marina District – 23 Total Sales , median price was $629,900 (April 2013 was $549,000)
  • Cortez Hill – 9 Total Sales, median price was $382,500 (April 2013 was $319,000)
  • Gaslamp Quarter – 4 Total Sales, median price was $262,450 (April 2013 was $256,000)

Summary:  The real estate market for Downtown San Diego condos continues to accelerate faster than Vin Diesel in the latest fast and furious.  The latest talk on the town pertains to re-entering yet another real estate bubble.  The current climb in demand and prices is different this time around.  The sub prime loans and shady lending practices of old are gone.  This is an absolutely sustainable rise in prices.  Buyers are buying homes and condos they can actually afford.  We live in a capital market, cycles are assured but…  In this Downtown San Diego real estate broker’s opinion, anyone waiting for this current bubble to burst could be waiting for years.  Even when the eventual price decline does happen, you are most likely looking at a soft cyclical decline and likely no where near the low levels we experienced the past few years.  It’s the right time to sell or buy, don’t get left in the dust!

Interested in Selling?  Contact me for a no hassle marketing proposal

Questions? Comments? Please send them my way!