Top Floor Condominium Available with VIews

ANOTHER HOME SOLD BY WESLEY GUEST! Live practically in Downtown San Diego without paying the Downtown San Diego prices!

Top floor condominium available with panoramic city, bay, and peak ocean views at Cityscape in Golden Hill. This cozy unit has fresh new paint throughout, all stainless steel appliances, assigned parking, full sized laundry, and ceiling fans in both bedrooms. This is an ideal location within walking distance to Downtown, Balboa Park, Restaurants, Nightlife and everything else the area has to offer. This condo is move in ready. The views are a must see!

Click on (1233 22nd St #15) the picture below for more pictures and all the details.

11221 Gatemoore WayActive
Best Value in Lake Point$1,159,000

Largest floor-plan available in Lakepoint with views.

11221 Gatemoore Way
San Diego, CA 92131

  • 6Beds
  • 4Baths
  • 4,035Square Feet

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:

Day in the life of Downtown San Diego Real Estate Agent Wesley Guest

What is a typical day really like in real estate? I thought I’d spend the day with you and show you my typical day as a busy real estate agent in San Diego. I start off by leaving my office in Downtown San Diego and visiting my listing in Torrey Highlands (1:06) and then a quick trip south to Pacific Beach to visit my Riviera Drive listing for sale (3:35). After that, a quick, lunch break (6:19), meet up with the dogs (5:25), and some late afternoon calls / prospecting (6:40).

Real estate is a great job but it’s really nothing like what many TV shows are produced to be such as Bravo’s Million Dollar Listing. I think HGTV’s Hunters is more realistic but still not a great view into a typical day for a real estate agent.

A Walk Through Petco Park in Downtown San Diego

Pictures do tell a thousand words. I spent yesterday afternoon at one of Downtown San Diego’s most popular attractions and home to the San Diego Padres, Petco Park. The Padres were playing away so it was an especially good opportunity to take a few superb pictures to share with everyone. As residents of East Village and Downtown San Diego, we are so lucky to have a Major League Baseball team in town to cheer on and enjoy the baseball season. Padre games are a huge bonus for Downtown residents and visitors. I highly recommend checking out a game. For seat recommendations or which days to go, contact me. I know the ball park and season inside and out.

Search all Downtown San Diego Condos for Sale

Enjoy the images

Petco-Park-Ballast-Point-May-2015 Petco-Park-Ballast-Point-May-2015 Petco-Park-Bar-Basic-May-2015 Petco-Park-Bar-Basic-May-2015 Petco-Park-Center-Field-and-Western-Sheet-Metal-Building-May-2015 Petco-Park-Center-Field-and-Western-Sheet-Metal-Building-May-2015 Petco-Park-Childrens-Playpark-Close-Up-May-2015 Petco-Park-Childrens-Playpark-Close-Up-May-2015 Petco-Park-Childrens-Playpark-May-2015 Petco-Park-Childrens-Playpark-May-2015 Petco-Park-Close-Up-Home-Plate-May-2015 Petco-Park-Close-Up-Home-Plate-May-2015 Petco-Park-Derek-Norris-Banner-Gaslamp-May-2015 Petco-Park-Derek-Norris-Banner-Gaslamp-May-2015 Petco-Park-East-Side-Close-Up-Stadium-May-2015 Petco-Park-East-Side-Close-Up-Stadium-May-2015 Petco-Park-East-Side-Entrance-Stadium-May-2015 Petco-Park-East-Side-Entrance-Stadium-May-2015 Petco-Park-East-Side-Stadium-May-2015 Petco-Park-East-Side-Stadium-May-2015 Petco-Park-Full-Stadium-and-Tony-Gwynn-May-2015 Petco-Park-Full-Stadium-and-Tony-Gwynn-May-2015 Petco-Park-Full-Stadium-View-May-2015-Opt Petco-Park-Full-Stadium-View-May-2015-Opt Petco-Park-Jerry-Coleman-May-2015 Petco-Park-Jerry-Coleman-May-2015 Petco-Park-Jerry-Hodads-May-2015 Petco-Park-Jerry-Hodads-May-2015 Petco-Park-Kiddie-Ball-Park-May-2015 Petco-Park-Kiddie-Ball-Park-May-2015 Petco-Park-Looking-Out-to-Fox-and-Tony-Gwynn-May-2015 Petco-Park-Looking-Out-to-Fox-and-Tony-Gwynn-May-2015 Petco-Park-Main-Billboard-Padres-Players-May-2015 Petco-Park-Main-Billboard-Padres-Players-May-2015 Petco-Park-Main-Billboard-with-Padres-Players-Western-Sheet-Metal-Co-May-2015 Petco-Park-Main-Billboard-with-Padres-Players-Western-Sheet-Metal-Co-May-2015 Petco-Park-Mighty-1090-and-Ballast-Point-May-2015 Petco-Park-Mighty-1090-and-Ballast-Point-May-2015 Petco-Park-Mighty-1090-May-2015 Petco-Park-Mighty-1090-May-2015 Petco-Park-Moonshine-Flats-Lunch-Counter-Cats-Eye-Blind-Burro-May-2015 Petco-Park-Moonshine-Flats-Lunch-Counter-Cats-Eye-Blind-Burro-May-2015 Petco-Park-New-Sempra-Energy-Building-May-2015 Petco-Park-New-Sempra-Energy-Building-May-2015 Petco-Park-Omni-Hotel-May-2015 Petco-Park-Omni-Hotel-May-2015 Petco-Park-Outfield-Home-Plate-May-2015 Petco-Park-Outfield-Home-Plate-May-2015 Petco-Park-Park-and-Pet-Area-May-2015 Petco-Park-Park-and-Pet-Area-May-2015 Petco-Park-Playground-to-Legend-May-2015 Petco-Park-Playground-to-Legend-May-2015 Petco-Park-Sand-Box-Seats-Building-May-2015 Petco-Park-Sand-Box-Seats-Building-May-2015 Petco-Park-Showley-Sweet-Factory-and-Bumble-Bee-Seafoods-May-2015 Petco-Park-Showley-Sweet-Factory-and-Bumble-Bee-Seafoods-May-2015 Petco-Park-Showley-Sweet-Factory-May-2015 Petco-Park-Showley-Sweet-Factory-May-2015 Petco-Park-Side-Parking-West-Side-May-2015 Petco-Park-Side-Parking-West-Side-May-2015 Petco-Park-Social-Brew-May-2015 Petco-Park-Social-Brew-May-2015 Petco-Park-Stone-Brew-and-Rare-Form-Entrance-May-2015 Petco-Park-Stone-Brew-and-Rare-Form-Entrance-May-2015 Petco-Park-Stone-Brew-and-Rare-Form-May-2015 Petco-Park-Stone-Brew-and-Rare-Form-May-2015 Petco-Park-Toast-Comun-May-2015 Petco-Park-Toast-Comun-May-2015 Petco-Park-Toyota-Terrace-Hodads-May-2015 Petco-Park-Toyota-Terrace-Hodads-May-2015 Petco-Park-Toyota-Terrace-May-2015-Opt Petco-Park-Toyota-Terrace-May-2015-Opt Petco-Park-View-to-Legend-and-Stadium-May-2015 Petco-Park-View-to-Legend-and-Stadium-May-2015 Petco-Park-View-to-Legend-May-2015 Petco-Park-View-to-Legend-May-2015 Petco-Park-West-Facing-Player-Sign-Shields-May-2015 Petco-Park-West-Facing-Player-Sign-Shields-May-2015 Petco-Park-West-View-May-2015-Opt Petco-Park-West-View-May-2015-Opt Petco-Park-Western-Sheet-Metal-Building-May-2015 Petco-Park-Western-Sheet-Metal-Building-May-2015 Petco-Park-Western-Sheet-Metal-Co-Back-and-Ticket-Windows-May-2015 Petco-Park-Western-Sheet-Metal-Co-Back-and-Ticket-Windows-May-2015 Tilted-Kilt-May-2015 Tilted-Kilt-May-2015 Tony-Gwynn-Mr.-Padre-May-2015-Opt Tony-Gwynn-Mr.-Padre-May-2015-Opt Urbana-Close-Up-May-2015 Urbana-Close-Up-May-2015

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

 

My Newest Listing Located at 840 Turquoise Street #210 in Pacific Beach

Looking for something near the beach?  Perhaps a Pacific Beach getaway situated on Turquoise Street away from the parties and crowds of central Pacific Beach?  Even better, how about recent renovations completed making it feel like an almost brand new condominium?  Welcome to my newest listing located at 840 Turquoise Street #210 in North Pacific Beach.

At over 900 square feet, this large 1 bedroom condominium is overly spacious offering opportunities for multiple furniture and living arrangements.  Four large windows in the bedroom and main living room allow for a continuous supply of bright and abundant sunlight into the unit.  A major benefit and rare characteristic of this condo is the presence of two full bathrooms.  No more sharing your bathroom with your guests and company!   The kitchen, bathrooms, and living rooms are characterized by granite counter tops, stainless steel appliances and custom recessed lighting in all rooms.  Not to mention all new paint throughout the unit.  This condo is truly move-in ready.

This condominium is located in the Pacific Shores complex located on Turquoise Street across the street from Blazin Grille and only several blocks to ocean.  The complex has 2 separate swimming pools (one regular and one is salt water), a full size Jacuzzi, a large community barbeque and seating area, and a small fitness center for those days you can’t make it to the gym.

If you are searching for real estate in Pacific Beach, this is not a condo to miss.  Please contact me today to arrange a private showing.

My San Diego Real Estate Predictions for 2014

My San Diego Real Estate PredictReal estate forecast for 2014 by san diego real estate agent wesley guestions for 2014:  2013 was a firestorm for San Diego real estate.  For the first half of the year, we experienced a strong sellers market with multiple offers from home buyers on just about anything with walls, a door, and a roof.  By the second half of 2013, San Diego real estate inventory levels started to rise along with an uptick in interest rates.  The result was a return to a balanced or normal real estate market.  So what is in store for 2104 in San Diego?

  1. Prices Will Continue to Rise but at a Sustainable Pace.  San Diego will see an increase in home inventory as more homeowners achieve positive equity and sell their homes.  This will include the “move up” home seller and the retirees looking to “down size”.
  2. Interest Rates Will Continue to Rise.  The Federal Reserve announcement that it is reducing their purchase of mortgage backed securities should create an upward trend in interest rates that could slow price escalations.  We will be at a or near 5.2% by close of 2014 as compared to approximately 4.5% in the present market.
  3. The Number of Investor Purchases Will Decline but Remain Substantial.  Although prices have risen, there are still plenty of decent deals to be had.  The renovation / flip market will continue to dwindle but investors looking to purchase San Diego real estate and hold for the extended term will remain prevalent in the market.
  4. Population and San Diego Job Increases Will Continue to Push Real Estate Prices Higher.  Favorable job reports and paradise type weather will continue to keep demand high for San Diego real estate.  There are more people and families than housing currently available.
  5. New Construction Will Rise from the Ashes.  Home prices continue to rise and justify new construction, particularly given land, labor, and materials costs. In addition, lenders will make loans and credit easier to obtain for smaller builders and developers.

Questions?  Comments?  Please send them my way anytime!

Downtown San Diego Real Estate Market for December 2013:

Downtown San Diego Real Estate Market Report for December 2013:

The average price and median price for December 2013 are both still up in the double digits.  We are primarily interested in the median price as it eliminates any major outliers but it is interesting to compare it versus the average price which came in very strong as well.  Also, the 12 month median price trend depicted in the graph below is very promising.

  • Median Sales Price: $447,500 +15.1%
  • Average Sales Price:  $520,299 +13.6%

The median amount of days on market is relatively low at 36 days.  The average is 65 days but this figure is severely skewed by several short sales that have been hanging around for years. The median is much more applicable and realistic for this report.  Sellers can expect to be on market for around 36 days when selling their Downtown San Diego Real Estate / Condos (Even less time if you price your condo right and use a real estate video tour to market the property).

  • Median Days on Market: 36 Days +5.5%
  • Average Days on Market: 56 Days +13.6%

The market is a Normal Market.  There are currently 257 actively listed properties in the 92101 zip code.  If we divide that total by the number of total sales last month at 47 sales, we get 5.47 (5.47 month’s worth of real estate inventory).  This means it would take 5.5 months to sell the current inventory available for sale.  Anything between 3-6 months is generally accepted as a balanced or normal real estate market.

  • 257 Active Listings for Sale as of 12/2/2013.
  • 57 Total Sales last month.
  • 4.5 Month’s Inventory (257 Active Listings / 57 Sales) Normal Market

Breakdown by Neighborhood for December 2013:

Summary:  The holiday season is here and it is showing in the market data.  The 47 sales for the month is the lowest number of sales we have seen in the Downtown San Diego real estate market since 2008.  I wouldn’t read too much into it.  January 2014 could bring another real estate run, maybe similar to what we saw for 2013.  Real estate prices continue to climb as more inventory becomes available for sale.

See All Downtown San Diego Real Estate for Sale

Questions? Comments? Please send them my way!

Should You Buy Real Estate During The Holidays?

Should You Buy Real Estate During The Holidays?

for sale sign on san diego home during the holidays

Buying can be Sweet!

So should you?  Well, only if you like less headaches and a bargain!  Many would be home buyers put the skids on their real estate search during the holiday season.  Too much time and stress for most.  No need to explain, I get it.  But for those who do decide to partake in the real estate market, many great deals can be had in addition to a much smoother process than in the peak real estate home shopping times.  Here are several reasons I believe the holiday season can be a great season to be house hunting:

You are in a Far Better Position to Negotiate a Great Deal

There are far less buyers searching for real estate and bidding on homes.  This accomplishes two very desirable results:  Less buyer demand usually means lower prices and less buyers making offers means a reduced chance of getting into any type of bidding war.  Bidding wars can be won but who needs the stress if you can avoid it.

Motivated Sellers

Sellers on market usually fall into the category of every buyers favorite catch phrase “motivated seller”.  They are usually on market because quite frankly they need to sell for whatever their reasons might be.  This means they may be more willing to negotiate, drop the price, include other favorable buyer incentives, and just be generally more agreeable on the entire process.  This is a very different attitude to take than what most sellers might be like during the peak home buying season.  Sellers are also motivated to sell in order to claim their tax incentive before the year is up in January.

Tax Deductions

sold home in san diego during the holidays

Sold!

Making your first mortgage payment before the new year means you will be able to take advantage of the tax incentives, especially the mortgage rate interest deduction.  Just like Jimmy Fallen says “Who doesn’t like to save money”?

Faster Closings

There are less transactions so expect a much more smooth and efficient process.  More lines at Best Buy and Walmart mean shorter lines for you at the underwriter, appraiser, and other entities associated with closing your transaction.  This can pay huge dividends in making your contingency period far less stressful.

San Diego Real Estate for Sale

So Should You Buy Real Estate During The Holidays?  I would venture to say Yes!

Questions?  Comments?  Please send them my way anytime.

San Diego Real Estate: How To Search For Foreclosures & Bank Owned Properties

San Diego Real Estate: How To Search For Foreclosures & Bank Owned Properties.Bank Owned Homes in San Diego

It is true, the huge foreclosure run on San Diego real estate has past.  Does this mean there are no bank owned homes available for purchase?  Absolutely not.  Below I am going to describe the two very best ways to include foreclosures and bank owned homes in your San Diego real estate search.

Let’s be clear on exactly what a foreclosure property or bank owned home is:  We are talking about properties that have already gone through the repossession period or trustee sale making them technically Real Estate Owned or REO.  Once a property becomes REO, the holder will likely bring the property to public market.  These are the foreclosure and bank owned properties you see listed for sale on MLS and your favorite San Diego real estate agent’s website.

Search All San Diego Real Estate for Sale

What we are not talking about here are trustee sales and real estate sold at a trustee sale.  Trustee sales are all cash transactions, no due diligence periods allowed, and money must be paid on the spot (on the court steps in most cities).  There is risk of epic proportions here.  This is for professionals only and even they lose money frequently.  Just tune into Flipping San Diego or to any of the other numerous home flipping programs out there.  You do not know what you are buying other than what you see from the outside.  Bottom line is skip the trustee sales.

Very Best Way Number One To Find A San Diego Foreclosure:  First way to find foreclosures and bank owned properties when searching for San Diego real estate is to use your real estate agent’s home search feature on his or hers website.  There are a thousand ways to configure this but start by searching San Diego foreclosures and bank owned homes here.  Simply click the previous link, select your city or zip code(s) of interest, select any other criteria that is important to you such as number of bedrooms, bathrooms, pool, home size, home type, etc…  Once you have made those selection, simply scroll to near the bottom of the page on the right and select “Reo” under the “Sales Restrictions” box. Scroll back to the top and click the “Search” button.  Every San Diego foreclosure and bank owned property will be displayed with details, price, and pictures that meets your search criteria.

Very Best Way Number Two To Find A San Diego ForeclosureThe second way to search for San Diego foreclosures and bank owed properties is to make your San Diego real estate agent do all the work!  Sounds good right?  Follow this foreclosure sign up link, select all the criteria in a home or condo you might be interested in, and simply click send.  It’s like placing an order to go.  Once I receive your order, I’ll create a computerized notification alert customized just for you.  The moment any San Diego property lists for sale that matches your search criteria, you will be automatically notified.  In many cases,  you will know about a hot new San Diego foreclosure or bank owned property before myself and other agents in the neighborhood.  This is a huge advantage for you as a San Diego real estate consumer.

So there you have it.  First option is for those whom would prefer to drive their own San Diego foreclosure and bank owned property search.  Second option is for those whom would prefer to let a San Diego real estate agents do all the work.  Both approaches are highly effective ways of securing a bargain priced foreclosure or bank owned home.

Questions?  Comments?  Please send them to me anytime!