Archive for the 'Real Estate News' Category
Beautiful Single Story Home For Sale - Rancho Penasquitos
June 26th, 2009 Categories: Landon Jackson Real Estate, Real Estate News, Sell San Diego
Beautiful single story 3 Bedroom 2 Bath 1760 square foot home in Rancho Penasquitos. Over $60,000.00 in upgrages and located in Weston Place. This gem has 15 ft. cathedral ceilings, central air, enhanced upgraded baseboards,retractable screens, beautiful distressed wood floors, custom platation shutters, desinger ceiling fans with up and down lighting throughout the home, private patio off dining room. Granite breakfast bar and counters, RO water system, custom mantle on gas fireplace in family room including surround sound. Master bedroom has custom shelving in closet, sliding door to patio spa. Garage has work bench with vice and plenty of overhead storage. Backyard is a dream with vine covered patio, muli-jet spa with stereo/CD player, view of Black Mt., roses and miniature fruit trees with custom slump brick wall. Features of the neighborhood; Poway Unified School District, Canyon View Elementary School is 0.8 miles away, Mesa Verde Middle School is 2.4 miles away, Westview High School is 3.4 miles away. About 1/2 mile away is a dog park,library,YMCA,police and fire station and Von’s shopping center. Great neighborhood.
9642 Sakatchewan Ave San Diego, CA 92129
MLS # 090036622
Please contact Loretta Cass at 619-453-7689 for more information.
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FOR SALE $535,000 - 515,000 STUNNING LOFT IN AWARD WINNING DOMA.
October 21st, 2008 Categories: Buy San Diego, Little Italy, Real Estate News
Doma Lofts - 1780 Kettner Blvd San Diego CA 92101 $535,000 - 515,000
1122 Square foot 1.5 bath loft - MLS# 080071665
This Loft features floor to ceiling glass, 17′ ceilings, walk-in closet, granite counter tops, custom built in refrigerator, side by side washer/dryer, community gym/spa and patio deck with bay and city views, secure/gated building with an additional storage unit.
Doma is located in the heart of Little Italy. This award winning complex is minutes from airport, restaurants, convention center, cruise ship terminal, Coronado, Seaport Village, beaches, Balboa Park, San Diego Zoo trolley/train and all the wonders Downtown San Diego has to offer. The Doma Lofts are completely unique to Downtown San Diego. It is a highly sought after complex and is very diverse in architectural layouts and floor plans. This class A development will forever withstand the test of time!
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Is Your Home Worth Less Than You Paid For It? Great Time To Lower Your Property Tax In San Diego.
July 24th, 2008 Categories: Financial Trends, Real Estate News
It might be a good time to get your property tax lowered. Depending on when you purchased your property you might be able to get a lower assessment of value. An assessment is used by local government to assess the value of your property for tax purposes. Example: If you paid $500,000.00 for your home and there are similar homes selling for $400,000.00 then it might be a good time to have your property re-assessed at the lower value. This service is absolutely free and could save you thousands of dollars in property taxes in San Diego County. I have recently had success in lowering my clients property tax based on the recent home sale comps that pertain to their home.
Application For Changed Assessment
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“The Q” by Jonathan Segal is coming to Little Itlaly
June 18th, 2008 Categories: Real Estate News
Living across the street from a construction site can take its toll on you after a while. From my balcony on the 7th floor of Doma I can see Jonathan Segal’s construction site for his projected 7 story mixed use development called ”The Q”. I could let the noise bother me but instead I anxiously await the completion of this development. For years I have looked down on a not so attractive parking lot with faded parking lines and weeds. Little Italy is in need of mixed use development and “the Q” might be a start of good things to come.
Currently, the Little Italy district of Downtown San Diego has an over-abundance of restaurants and residential construction. To achieve a 24-hour neighborhood, a mix of office space needs to be included.
The Q, a seven-story fully sustainable office/residential/retail building, will fill this void.
The Q will integrate Little Italy’s oldest house, a 1889 historically designated Gothic Victorian structure into its plans. The 316 square foot residence will be integrated into the overall design scheme, leaving a twelve-foot separation between it and the new structure. The residence will be moved from its current locale on the site’s western elevation to the eastern more commercial street and utilized as a small café.
The Q will be completely photovoltaic driven with an abundance of high performance floor-to-ceiling glazing and operable windows for cross-ventilation, eliminating the need for air-conditioning for a carbon-less building.
The Q will become the new benchmark for green, sustainable office development in Downtown San Diego. Photovoltaic panels, abundance of glazing and cross ventilation will become ubiquitous once the development community understands the civic and financial virtues of good, sustainable design.
For more information please visit http://www.architectasdeveloper.com/index.html
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A look into America’s riskiest real estate markets. San Diego did not make the list and we are not supprised.
April 14th, 2008 Categories: Real Estate News
Here is great article I recently came across featured in Forbes.
There’s roulette and there’s skydiving. Then there’s investing in Detroit and Cleveland real estate.
That’s especially risky because those markets are in free-fall. Lenders have fled, foreclosures are on the rise, homes aren’t selling and local economies have stalled.
Given the state of the country’s housing market, it wasn’t hard to find others like them. To do so, Forbes.com looked at the country’s 40 largest metros and combined data on foreclosures, from RealtyTrac, a foreclosure listing service; job growth from the Bureau of Labor Statistics; transaction volume data from Radar Logic, a New York real estate research firm; and vacancy and current inventory rates from the U.S. Census Bureau and ZipRealty, an aggregator of multiple listing service data.
In Pictures: America’s Riskiest Real Estate Markets
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The riskiest were those that had the highest foreclosure rates, slow job growth (or job loss) and a rash of listed homes. By these measures, Orlando has everything working against it. Other spots, Denver, for example, exhibit negative characteristics like foreclosures, lending problems and vacancies, but are adding jobs, a sign that the local economy can better handle these difficulties.
Before “write-down” entered the national lexicon, the biggest risk facing real estate markets was the prevalence of sub-prime loans and adjustable rate mortgages. Last year, before the shoe-drop of the credit crunch and the dropping value of banks’ loans and debt, we identified ARM-heavy Miami, Fla., Orlando, Fla., and Sacramento, Calif., as the markets most at risk of further fall.Sub-prime still matters, as do the concentration of adjustable rate mortgages. Transaction volume, however, especially over the next 12 months is becoming an increasingly important gauge of a market’s health. This month the National Association of Realtors reported that sales volume of existing homes was up 2.9%, the first such month-to-month rise since July.
In cities like San Diego, one of five major metros where transactions rose, that’s good news, assuming it’s sustained. What makes transaction volume a good indicator is that it shows how easy it is for people to get loans and how much confidence there is in the market. If mortgages are available and buyers have some faith in the value of the home, they’re more likely to buy.
San Diego’s present conditions suggest that over the next half-year, prices may start to rise. That’s because “there’s usually a three- to six-month lag between when transactions go up and prices go up,” says Jonathan Miller, president of Miller Samuel, a Manhattan real estate appraisal firm.
Another good sign for the coming year? Increased credit availability.
We took into account increased Fannie Mae and Freddie Mac (GSE) loan limits. The new legislation will open up credit in markets such as Sacramento and San Diego by boosting the GSE loan limit by 125% of the median price. That’s a huge deal for San Diego, where 18% of the market will see improved lending conditions, based on projections by Radar Logic, a New York-based real estate research firm.
Not as fortunate are hard-hit foreclosure markets such as Denver, which saw 50,000 foreclosure filings last year, according to RealtyTrac, which comes out to a 2.6% foreclosure rate, ninth in the nation behind the likes of Las Vegas and Detroit. Here, GSE loan limits won’t change to boost liquidity, though at the beginning of this year the local economy had added jobs at a rate of 2%, which is triple the national average, according to the Bureau of Labor Statistics.
The availability of jobs gets at the critical question of how much money is available within a market. A market with money on the sidelines has better recovery prospects because it means potential buyers are out there. A market without economic activity to generate buyers is simply sinking.
“People aren’t pulling the trigger right now,” says Steve Cesinger, vice-chairman at Dewberry Holdings, an Atlanta-based real estate investment group. “But it’s a big difference if they’re not pulling the trigger because the prices haven’t declined enough or because they’re waiting to catch the bottom.”
I have great confidence in our San Diego market. We have heard mainly negativity regarding our current market condition and rightfully so. I have personally seen more of an upside than a downturn in the areas I have been monitoring. I have been keeping a close eye on the Point Loma (92106) area of San Diego and have found that most Single Family listings are going into escrow within days of being listed and the values have not dropped as much as you think. I realize other areas do not have the same results but its safe to say that San Diego is a great place to own real estate.
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Is Downtown San Diego too Noisy? Good News for Residents that live near the railroad tracks.
March 4th, 2008 Categories: Landon Jackson Real Estate, Real Estate News, San Diego Developments
If you are considering moving Downtown San Diego or currently live Downtown this will brighten your day and possibly allow you to catch a few more Z’s at night.
“The Centre City Development Corporation (CCDC) is submitting an application to the Federal Railroad Administration (FRA) for the establishment of a Quiet Zone at downtown San Diego’s 13 grade crossings (Park Boulevard to Laurel Street).
Downtown San Diego, like many urban environments, has had a substantial increase in people living adjacent to railroad tracks and crossings. Noise and safety at downtown’s rail crossings have become major concerns for residents and for CCDC. The Federal Government, through the FRA, has finalized legislation to limit the noise from train horns in residential areas. CCDC is moving forward with an application to designate downtown a Quiet Zone, and expects to complete the project by spring 2008. In order to establish a Quiet Zone, the railroad crossings are improved with safety enhancements such as additional gates and warning lights. “
I have lived downtown for the past 5 years and have dealt with Planes, Trains and Automobile noise. Living in the city you will become accustom to the noise and after a while it all seems to blend in. For those who live right next to the tracks, hang tight because help is on the way.
Some of the best properties Downtown San Diego are a stones throw from the railroad tracks. After the quiet zone is implemented I expect to see more sales activity within some of these developments.
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Mission Hills San Diego Past 6 Month Home Sales Statistics.
February 15th, 2008 Categories: Real Estate News
There has been 32 home sales in Mission Hills(92103) in the past 6 months. Listed below is all 32 properties averaged together.
Average 3 Bedrooms
2.02 Bathrooms
1,559 Square Feet
$826,826 List Price
$535 List Price per Square Foot
$780,219 Sales Price
$506 Sales Price per Square Foot
Average of 53 Days on the Market
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Cortez Hill - Downtown San Diego past 6 month condo sales Statistics.
February 12th, 2008 Categories: Buy San Diego, Cortez Hill, Real Estate News
There has been 21 sales in the Cortez Hill Subdivision of Downtown San Diego During the past 6 months.
Average - 2 Bedrooms
1.62 - Bath
1,015 - Square feet
$455,221 - List Price
$443 - List Price per Square foot
$432,918 - Sales Price
$422 74 - Sales Price per Square foot
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Great time to buy property Downtown San Diego.
February 11th, 2008 Categories: Buy San Diego, Landon Jackson Real Estate, Real Estate News, San Diego Housing Statistics
My clients from Arizona took Advantage of this great opportunity.
Time to get out there and get your slice of the Downtown San Diego market. My clients sent me this article from the Arizona Republic and it makes perfect sense.
“For Zonies with serious San Diego addictions, there could be an upside to falling real-estate prices.
A condo-market meltdown has put the dream of owning a piece of downtown San Diego within the reach of more Valley residents.
Tightening credit and pain caused by rising payments on subprime loans have put the brakes on new-condo sales, While still lofty, prices for some units are now more than 30 percent below previous highs and still falling.
A new 725-square-foot “bank-owned” studio, two blocks from the San Diego Padres’ ballpark, is listed at $189,900, down from $289,900 at the end of September. Read the rest of this entry »
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Little Italy San Diego past 6 month condo sales Statistics.
February 4th, 2008 Categories: Little Italy, Real Estate News, San Diego Housing Statistics, Sell San Diego
Little Italy Sales comps past 6 months:
2 Bedrooms(Average) 1.64 Bathroom 953 Square Feet $485,090 List Price $507 (List)Price per Square foot $461,352 Sales Price $484 71 (Sold) Price per Square foot | Currently 1 Comment »
