Sunday, October 13, 2013

For Sale: 3BR/2BA Single Family House in Oceanside, CA, $394,999

For Sale: 3BR/2BA Single Family House in Oceanside, CA, $394,999

Cell: 619-788-8354 
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For Sale: 3BR/2BA Single Family House in San Diego, CA, $749,900

For Sale: 3BR/2BA Single Family House in San Diego, CA, $749,900

Cell: 619-788-8354 
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For Sale: 2BR/2BA Condo in El Cajon, CA, $179,900

For Sale: 2BR/2BA Condo in El Cajon, CA, $179,900

Cell: 619-788-8354 
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Wednesday, June 26, 2013

10News - Cash buyers continue to dominate San Diego real estate market - 10News.com - News

10News - Cash buyers continue to dominate San Diego real estate market - 10News.com - News

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Tuesday, April 23, 2013

Inventory is slipping....Slightly

January & February sold properties were approx 2,500 each month. As you can see below this has also been on the rise, however inventory has not shown a relative decrease for the increase of sold properties.
No doubt has the market turned upward in the last year as below states inventory has declined over 50% y-o-y. Accompanied with a 19% increase in sales price on average in that same time.


When shopping for a new home with some home buyers, area and price point dependent, I have noticed more and more equity sale properties popping up for sale. I can only speculate that some homeowners that were negative equity a few years ago, are now finding themselves in the black, and taking advantage of the opportunity to downsize or relocate.




Cell: 619-788-8354 
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Location: San Diego, CA 92103, USA

Tuesday, April 16, 2013

Selling your home? The cards are in your favor - Apr. 8, 2013

Selling your home? The cards are in your favor - Apr. 8, 2013

Cell: 619-788-8354 
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Wednesday, April 3, 2013

April San Diego Events

Monthly walker- April
April events in San Diego
Pete D’Amato - D’Amato Real Estate
3965 Fifth Ave. Ste 300. SD, CA. 92103  Cell: (619) 788-8354
Email: Pete@DamatoRealEstate.com | Web: www.DamatoRealestate.com
 REALTOR® , CNE®, DRE LIC #01879316       
April 5 – 7
Goodguys 13th Meguiar’s Del Mar Hot Rod & Custom Car Nationals
See more than 2,000 hot rods, customs and classics, muscle cars and trick trucks at this indoor and outdoor automotive fair. This event features vendors/exhibitors, swap meet and car corral, model car show and fun for the whole family. Refer to website for admission information.
Time: Refer to website for specific times
Location: Del Mar Fairgrounds, 2260 Jimmy Durante Blvd., Del Mar
For more information visit www.delmarfairgrounds.com
April 6
After Dark Dash
How about a nighttime running event for a change? This 5K will be in downtown San Diego under the city streetlights. The event will raise money and bring awareness for the Children’s Tumor Foundation.
Time: 10:00 pm – 11:30 pm
Location: 10th Ave. and K St., Downtown San Diego
For more information visit www.afterdarkdash.com
April 9
East Village Opening Day Block Party
This event is a block party in celebration of opening day for the Padres baseball season. The event will have retail merchandise, great music, a beer garden and a food court. This is a free event.
Time: 11:00 am – 6:00 pm
Location: East Village, J St., San Diego
For more information visit www.eastvillagesandiego.com
April 13
Hullabaloo Family Music Festival
Enjoy a full day of art, music, and activities for kids and families. Featured music will be by Steve Poltz, Jambo and Raggle Taggle plus hands-on activities by Art Soup and Gymboree. Refer to website for admission information.
Time: 11:00 am – 4:00 pm
Location: Del Mar Fairgrounds, 2260 Jimmy Durante Blvd., Del Mar
For more information visit www.hullabalooartsfest.com
April 19 – 21
Annual Del Mar Antique Show & Sale
More than 250 premier antique dealers from all over California and the western United States will be selling the finest in antiques and collectibles. Appraisal service will be available for a nominal fee. Refer to website for admission information.
Time: Refer to website for specific times
Location: Del Mar Fairgrounds, 2260 Jimmy Durante Blvd., Del Mar
For more information visit www.calendarshows.com
April 19 – 21
49th Annual Lakeside Rodeo
The Rodeo features seven major events including the Bareback Bronc, Barrel Racing, Bull Riding, Calf Roping, Saddle Bronc, Steer Wrestling, and Team Roping. This rodeo is fun for the whole family! Refer to website for admission information.
Time: Refer to website for specific times
Location: Lakeside Rodeo Grounds, Highway 67 and Mapleview St., Lakeside
For more information visit www.lakesiderodeo.com
April 21
Annual San Diego Earth Fair 2013
The annual Earth Fair in Balboa Park is the largest free annual environmental fair in the world. This event showcases a wide variety of causes, goods, and services pertaining to the environment and quality of life. This is a free event.
Time: 10:00 am – 5:00 pm
Location: Balboa Park, San Diego
For more information visit www.earthdayweb.org
April 27 – 28
Adams Avenue Unplugged
A free event that will feature acoustic music with live performances staged inside or around more than 30 restaurant and bars lining the neighborhood. Musicians will also perform on three community stages spread throughout the area.
Time: Sat: 12:00 pm – 10:00 pm /  Sun: 12:00 pm – 7:00 pm
Location: Adams Ave., Normal Heights, San Diego
For more information visit www.adamsavenuebusiness.com
 Pete D’Amato - D’Amato Real Estate
 3965 Fifth Ave. Ste 300. SD, CA. 92103
 Cell: (619) 788-8354
 Email: Pete@DamatoRealEstate.com | Web: www.DamatoRealEstate.com
 REALTOR® , CNE®, DRE LIC #01879316
                     
• Questions regarding selling or purchasing a property. • Interested in purchasing investment, or primary property. • Property needs have changed. • Need to discuss an alternative to losing your home.• Need a REALTOR that has a team of resources to help you in legal or financial issues.

Cell: 619-788-8354 
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Location: San Diego, CA, USA

Wednesday, March 6, 2013

Getting your offer accepted.

This is undoubtedly a sellers market. Sellers are reviewing multiple offers, and buyers are frustrated with the "unfortunately your offer was not accepted" emails received. This is where relationships, and outside-the-box thinking, can help turn the emails into "Congratulations!" 

When representing a buyer in this climate, I see benefit and success in the actions I take with my buyers. Beginning with initial contact with listing agents, to a hand shake after a showing. Obviously price is an important factor, but the offers that a listing agent can put a name with a face, also matters.

Last week we had a accepted offer, with 4 other identical offers on that property. This week we also had an accepted offer with 1 offer slightly higher. The fact that the listing agent and I were in constant communication, and my due diligence, paid off.  

 


Below is a snap shot of the last 6 months of inventory and price trends. The trend is continuing and inventory is still shrinking. 

San Diego Asking Price and Inventory History

DateSingle Family & Condo
Inventory		25th Percentile
Asking Price		Median
Asking Price		75th Percentile
Asking Price
March 20137,021$270,000$419,900$789,000
February 20137,056$263,725$408,125$756,750
January 20137,272$254,750$394,500$714,225
December 20127,929$249,560$383,175$697,280
November 20128,963$249,000$382,500$691,250
October 20129,561$249,000$385,400$703,580
September 20129,951$249,450$388,875$698,725
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Tuesday, January 29, 2013

Some Changes in San Diego Real Estate

       More and more recent conversations with real estate investors and past clients, has left a unwary engraving in my speculations on the current and future real estate market in San Diego.
More real estate investors today that I have spoken to are using phrases like " we used to buy at X and now we are forced to buy at Y ". They are not talking about decades or back during the bubble, buy they are talking about the last year or two. Where as X was $200,000 and now Y is $250,000, for example.  Or where a past client if given an evaluation of a purchase that was made last year, and says " Wow, really ". This seems to be more common.

Prices have risen in San Diego over 10% in the last 12 months.
Take a look at the chart below. This is a snap shot of the San Diego County MLS. This is for December 2011, Compared to December 2012.

Year-on-year Statistics
 Dec-12Dec-11% Chg
# Sold3,1393,0343.5%
# For Sale (Last Day of Month)7,57015,246-50.3%
Median Price (Sold)$362,000$301,25020.2%
Median Price (For Sale)$370,000$329,90012.2%
Price per Sq Ft$255$22214.9%
Sold Price to Original Price95%90%4.8%
Average DOM79102-22.5%
Months Supply2.45.0-52.0%

The important notes to take is that there was 1/2 the inventory of homes available last month, than the year before in the same month.
You may notice that sold price to list price increased by about 5%, however the list price of homes also increased over 10%.

The Simple Law of Supply and Demand.



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Wednesday, January 9, 2013

December Finally 2012 - Start of a New Year

As you can see below, the inventory in San Diego is still declining. 
As we begin 2013 I believe inventory will continue to decline, yet hopefully stabilize and even increase towards the second half of the second quarter. I don't see home prices acting any differently, as they have increased over the last year, and should continue to increase county wide for most of 2013.


                                     January 07, 2013       Month/Month        Year/Year
  Median Asking Price           $389,000                 +1.0%         +11.1%
  Home Listings/Inventory         7,241                    -11.8%        -40.0%



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