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February 3rd, 2010
You May Still OWE on Your Foreclosed Home, Even Though You Don’t OWN It Anymore
Carlsbad, CA - Are you considering a foreclosure as a way to eliminate that payment?
In today’s real estate market, more and more people are looking foreclosure out of both necessity and financial strategy. If you give back your house, they can’t still hold you accountable for the loan, can they?
Although California is a non-recourse state that typically says no – more and more banks are finding themselves successful in recouping losses from borrowers who refinanced their homes and used the funds for things other than improving the home itself!
In addition to the more severe credit penalties, a debt on a house you don’t even own anymore is really making foreclosures less desirable. If you can not afford to make the payment on your home, you really may want to talk to a real estate professional about the possibility of a short sale instead. In a short sale, you actually sign documents with the lender, releasing yourself from the obligation of the loan. If you have any questions at all about your possibilities of a foreclosure or short sale, please contact The Mewborn Team. We would be happy to schedule a no obligation marketing consultation.
January 26th, 2010
Nationwide Home Prices Rise for Sixth Straight Month
Home prices rose for the sixth straight month in November, with 14 of 20 metro areas posting improvements from the month before.
The Standard & Poor’s/Case-Shiller home price index released Tuesday inched up 0.2 percent to a seasonally adjusted reading of 145.49. The index was off 5.3 percent from November last year, nearly matching analyst’s estimates that it would fall by 5.1 percent.
December 10th, 2009
Del Mar Real Estate For Sale – Del Mar Market Statistics November 2009
November 2009 – Del Mar Real Estate – Del Mar Homes For Sale Del Mar Statistics 92014 Average prices are up a bit to $616,935 in November, with an average of 55 days on the market and homes being sold at an average of 96% of their listing price.
| B/B | BA | SFt | LP | LP/SF | SP | SP/SF | DOM | |
| High | 5 | 4 | 3,900 | $8,995,000 | $5,494 | $7,000,000 | $4,276 | 281 |
| Low | 2 | 2 | 804 | $210,000 | $238 | $216,000 | $266 | 6 |
| Avg | 3 | 3 | 2,116 | $1,617,099 | $806 | $1,434,000 | $706 | 103 |
December 7th, 2009
Carlsbad, CA Real Estate For Sale – Carlsbad November Market Statistics
November 2009 – Carlsbad Real Estate – Carlsbad Homes For Sale
Carlsbad Statistics 92008, 92009, 92010, 92011
Average prices are up a bit to $616,935 in November, with an average of 55 days on the market and homes being sold at an average of 96% of their listing price.
| B/B
|
BA | SFt | LP | LP/SF | SP | SP/SF | DOM | |
| High
|
6 | 6 | 8,400 | $2,995,000 | $509 | $2,375,000 | $486 | 230 |
| Low
|
1 | 1 | 575 | $170,000 | $121 | $172,500 | $141 | 1 |
| Avg
|
3 | 3 | 2,399 | $642,134 | $266 | $616,935 | $257 | 55 |
November 11th, 2009
Encinitas Real Estate For Sale – Prices for October 2009
The average days on the market in Encinitas is 60, with an average selling price of about $681,000.
Average selling price is $604k, down a bit from $618k in September
Something else to note – in all price ranges – the high, low, and average – properties sold at over 90% of their listing price.
| B/B | SFt | LP | LP/SF | SP | SP/SF | SP/LP | |
| High | 5/6 | 5,177 | $1,795,888 | $914 | $1,740,000 | $914 | 97% |
| Low | 1/1 | 744 | $199,000 | $205 | $185,500 | $136 | 93% |
| Avg | 3/3 | 1,965 | $705,330 | $373 | $681,423 | $362 | 97% |
November 10th, 2009
Carlsbad Real Estate Prices – October 2009
Avg days on the market is 70 – up from 56 days on the market in September.
Average selling price is $604k, down a bit from $618k in September
Something else to note – in all price ranges – the high, low, and average – properties sold at over 95% of their listing price.
Although it may only be temporary, it seems that the average Carlsbad prices are trending up!
| B/B | SFt | LP | LP/SF | SP | SP/SF | SP/LP | |
| High | 5/6 | 4,913 | $1,469,000 | $828 | $1,410,000 | $774 | 96% |
| Low | 1/1 | 735 | $120,000 | $130 | $100,000 | $136 | 113% |
| Avg | 3/3 | 2,182 | $604,064 | $281 | $587,779 | $273 | 97% |
November 5th, 2009
Del Mar Real Estate Market Statistics October 2009
Average Days On the Market is 118 – down from 118 days on the market in September and 130 in both August and July.
Average selling price is $1,337,535, about the same as $1,425,874 in September.
On average, Del Mar homes are selling at about 90% of listing prices.
| B/B | SFt | LP | LP/SF | SP | SP/SF | SP/LP | |
| High | 5/4 | 3,640 | $3,400,000 | $2119 | $2,800,000 | $1,568 | 82% |
| Low | 2/2 | 983 | $455,000 | $429 | $426,000 | $375 | 94% |
| Avg | 3/3 | 1,958 | $1,483,529 | $781 | $1,337,535 | $696 | 90% |
Mike & Amy Mewborn Real Estate Specialists
Mike: 858.205.2000
Amy:760.213.6653
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