Mewborn Team Real Estate Consultants: CoastalLuxurySanDiego.com

July 27th, 2009

Two Tips for Carlsbad Parents Buying Homes for Children

Categories: Buyers, Home Loans, Interest Rates

Carlsbad, CA – With Carlsbad and La Costa home prices low, now many parents are thinking of buying their children a home or investment property. If you are considering this type of gift, please be mindful of the tax consequences.

1. Give a cash gift. Although some parents want to (and can afford to) purchase a house for their children, many want to help but are not in the position to gift the entire cost of the home. Parents are allowed to gift up to $13,000 per person per year without incurring gift tax. This means two parents could give their child and spouse up to $52,000 per year to go toward a down payment.

2. Lend money. Rather than gifting, you may prefer to loan money. In order to avoid taxation, the government requires that loans from family members meet or exceed minimum loan rates to avoid having the loan be considered a gift.

If you have any real estate or mortgage questions about Carlsbad, La Costa, or other coastal areas, please contact us.

Tags: Carlsbad Home Prices, Carlsbad Interest Rates, Carlsbad Mortgages, La Costa Home Prices, La Costa Real Estate

Posted by Mike and Amy Mewborn// Please leave a comment.

July 6th, 2009

Carlsbad, CA Market Trends – 92008, 92009, 92010, 92011

Categories: Buyers, Carlsbad Market Trends, Market Trends, Sellers

The Carlsbad June market statistics are out. When trying to determine what the statistics mean, I would look at the monthly averages of Carlsbad real estate sales in June over May.

In particular, I think it is important to note that the average sale price in Carlsbad is up to $549,000 from $537,000.

I also think it is important to note that the Carlsbad average is that homes sold at 96% and 97% of their listing price.

These are key indicators in determining market direction. Does, this mean that we don’t still have some tough days ahead, not necessarily. But I would certainly say that the indicators show that the Carlsbad real estate market may be moving in the right direction.

June 2009 – Carlsbad Real Estate – Carlsbad Homes For Sale
Carlsbad Statistics 92008, 92009, 92010, 92011 

	B/B	SFt	LP	LP/SF	SP	SP/SF	SP/LP
High	5/5	4,757	$1,399,900	$678	$1,338,000	$655	123%
Low	2/1	863	$100,000	$69	$82,000	$61	75%
Avg	3/2	2,164	$571,983	$265	$549,663	$255	96%

 

 May 2009 – Carlsbad Real Estate – Carlsbad Homes For Sale
Carlsbad Statistics 92008, 92009, 92010, 92011

	B/B	SFt	LP	LP/SF	SP	SP/SF	SP/LP
High	6/6	4,913	$1,385,000	$625	$1,330,000	$591	109%
Low	1/1	791	$55,000	$44	$52,500	$42	85%
Avg	3/2	2,131	$554,628	$269	$537,993	$259	97%

 

 

 

 

Tags: Carlsbad Home Prices, Carlsbad homes, Carlsbad Market Trends, Carlsbad real estate

Posted by Mike and Amy Mewborn// Please leave a comment.

June 9th, 2009

Carlsbad and San Diego Home Market Recovery?

Categories: Market Trends

Have we seen the worst of it? 

Most everyone agrees that it is still too early to tell, but we all know the media sells (papers, ads, etc) based on crisis.  And it seems that even some of the California media is recognizing that California home prices may be headed in the right direction.  Read Carlsbad Home Market Recovery to hear what a Sacramento writer has to say about the California housing market.  Let’s hope he’s right.  Let’s hope that some of those that were the first to see the bubble burst will be the first to see some positive signs!

Tags: Carlsbad Home Prices, Carlsbad homes

Posted by Mike and Amy Mewborn// Please leave a comment.