Carlsbad and La Costa Real Estate and Condos For Sale, Carlsbad and La Costa Mortgages and Interest Rates » Oceanside Market Trends

Time Running Out For First Time Buyer Credit!!!!

amewborn — Tue, 25 Aug 2009 17:29:06 +0000

Carlsbad, CA – If you are a Carlsbad, La Costa, Oceanside, or San Marcos buyer who was hoping to take advantage of the first time home buyer’s tax credit – YOU BETTER HURRY! We are finding a number of things in the current market place:

1. The tax credit expires on December 1st, 2009. That means all real estate purchases have to be CLOSED before then. You can not still be in escrow.

2. If you were hoping to use the tax credit – you can no longer buy a short sale. Most short sales take about six months to complete. There is no longer time to complete the short sale process and close escrow before November 30th.

3. Because of the large amount of buyers, there are often bidding wars on properties under $400,000. If this is your price range, be prepared to make full price offers, and often be forced to counter above asking price.

4. Financing is still tight - and slow! Most “easy” mortgages are taking around 45-60 days to fund.

If you are looking to take advantage of this First Time Buyer Credit – please consider all these facts above. In order to close by November 30th, you probably need to be in a contract by September 30th. You need to be prepared to make strong offers, and you need to work with your professional team of real estate and mortgage consultants to keep the process moving quickly.

If you have any questions about Carlsbad, La Costa, Encinitas, Del Mar, Oceanside, or San Marcos real estate, please call The Mewborn Team. We specialize in coastal luxury San Diego real estate. We are happy to serve as your personal real estate advocate!

Oceanside Real Estate For Sale – Oceanside July 2009 Market Trends

amewborn — Thu, 13 Aug 2009 16:33:55 +0000

There was amazing Oceanside real estate news in the month of July. The average Oceanside home for sale increased to $288,000 from $262,000 on list price. The average Oceanside real estate sale price jumped to $287,000 from $257,000 on sale price.

The average Oceanside home sold for ONLY 1% less than list price. And the average Oceanside real estate – days on market declined from 69 to 58. Although this is only one month’s data – the news continues to lead experts to believe that MAYBE we have seen the worst of it for now!

If you are interested in Oceanside or other San Diego coastal real estate, please contact us. You only have a couple more months to take advantage of the buyer tax credits!

July 2009 – Oceanside Real Estate – Oceanside Homes For Sale
Oceanside Market Statistics 92054, 92055, 92056, 92057, 92058

	B/B	SFt	LP	LP/SF	SP	SP/SF	DOM
High	5/4	3,301	$699,000	$540	$781,000	$573	457
Low	1/1	660	$88,000	$70	$85,000	$66	1
Avg	3/2	1,562	$288,870	$185	$287,181	$185	58

Median Home Prices Up For Third Month In A Row

amewborn — Mon, 20 Jul 2009 17:23:10 +0000

If you were looking to buy in La Costa, Carlsbad, or San Diego, and were hoping to catch “the bottom” of the San Diego real estate market – you may have already missed it!

We have been telling clients over the past couple of months that we thought the market had stabilized. In La Costa and in particular La Costa Oaks - most of the lowest sales prices (La Costa comparables) had been BEFORE January 2009.

We have also been telling clients that you won’t know the bottom of the Carlsbad real estate market, until you’re already past it. It seems that may be the case. Dataquick has reported that the Median Home Price for San Diego real estate is up for the third month in a row.

But don’t take our word for it – For the San Diego Union Tribune real estate article – click – San Diego Real Estate Prices.

Oceanside Real Estate – Oceanside Market Statistics – June 2009

amewborn — Mon, 13 Jul 2009 14:51:25 +0000

The Oceanside real estate for sale market statistics are pretty unusual this month. You will see that for each May and June, the Oceanside home sale lows included a house that sold for $15,000 and another that sold for $135. These numbers are correct. They aren’t typos. But I do think that they unfairly skew both statistics and expectations. Based on their unbelievably low prices and their market times, you must look further into what may have happened here. My belief is that these were foreclosed/bank owned properties that were sold in some type of private deal before the property ever really made it to market. Are there great deals to be had – MOST DEFINITELY! Should you expect a deal like this – probably not! But it’s always nice to see the best and worst of what is happening in today’s market place.

If you have any Oceanside, Carlsbad or other north county coastal real estate questions, please contact us. We are always happy to answer any questions you may have.

June 2009 – Oceanside Real Estate – Oceanside Homes For Sale
Oceanside Market Statistics 92054, 92055, 92056, 92057, 92058

	BR	SFt	LP	LP/SF	SP	SP/SF	DOM
High	5/8	6,827	$3,100,000	$2045	$2,655,000	$2045	367
Low	1/1	760	$49,000	$70	$135	$.12	1
Avg	3/2	1,558	$317,245	$206	$307,562	$200	66

May 2009 – Oceanside Real Estate – Oceanside Homes For Sale
Oceanside Market Statistics 92054, 92055, 92056, 92057, 92058