San Diego, CA

Friars Pointe condominium community in San Diego's Mission Valley

02-13-12

Jim Frimmer, Realtor and CDPE, Mission Valley, CA DRE #01458572

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Office: (619) 471-2212

Mobile: (619) 729-5701

Mission Valley Living
Friars Pointe condominium community
in San Diego's Mission Valley

Friars Pointe, built from 1975 to 1979, is a condominium community of 187 units in zip code 92108 in the eastern section of Mission Valley. Units range in size from 506 to 690 square feet, and bedroom/bathroom floor plans include 1/1 and 2/1.

Amenities at Friars Pointe include swimming pool, spa, clubhouse, outdoor grills, and common laundry.

HOA fees are about $190 a month and include common area maintenance, landscaping, exterior building and roof maintenance, water (including hot water), trash pickup, sewer, and limited insurance.

Friars Pointe is close to Qualcomm Stadium and easily accessible to the University of San Diego, San Diego State University, Fashion Valley Mall, several San Diego Trolley stations, SeaWorld, Mission Bay, Old Town, and downtown San Diego.

Walkers, joggers, and bikers will enjoy the concrete paths along the San Diego River from Qualcomm Stadium on the east end of Mission Valley all the way to Mission Bay, Ocean Beach, and Mission Beach on the west end, a distance of about seven miles.

Friars Pointe is managed by PT Property Management. Contact them at 619-283-7004.

A check with the FHA indicates that Friars Pointe is not FHA approved; their approval expired on July 31, 2011. No word yet on whether or not approval has been renewed. Friars Points is VA approved without any conditions.

If you would like to be informed of any units in Friars Pointe that come on the market, or if you'd like to visit a property in Mission Valley or anywhere in San Diego County, please call me at 619-729-5701 or email me at JimFrimmer@Century21Award.com.

Information in this post is deemed accurate and reliable but not guaranteed.

Originally posted at
Mission Valley Living — Friars Pointe community

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Mission Valley Living — Friars Mission market
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Mission Valley Living — Friars Mission market

02-13-12

Jim Frimmer, Realtor and CDPE, Mission Valley, CA DRE #01458572

view my blog
Office: (619) 471-2212

Mobile: (619) 729-5701

Mission Valley Living
Friars Mission market

For information about the Friars Mission condominium community, click on Mission Valley Living — Friars Mission community.

As of February 6, 2012, there were three units for sale in Friars Mission, and one unit with a sale pending:

There have been no sales in Friars Mission so far in 2012.

Following are the twenty most recent sales in Friars Mission prior to 2012:

If you would like to be informed of any units in Friars Mission that come on the market, or if you'd like to visit any unit in the other condominium communities in Mission Valley, or a property anywhere in San Diego County, please email me at JimFrimmer@Century21Award.com or call me at 619-729-5701.

Information in this post is deemed accurate and reliable but not guaranteed.

Originally posted at
Mission Valley Living — Friars Mission market

♪♫ ♫♪

Please bear with me while I take a break from commenting
Out & About San Diego — You still have time for Museum Month!
How Sellers can prepare for a Buyer's home inspection (Guest post by Russel Ray, San Diego home inspector)
Mission Valley Living — Friars Mission community
Mission Valley Living — Friars Hollow market update
Out & About San Diego — 22nd Annual San Diego Jewish Film Festival
Mission Valley Living — Friars Hollow community
Mission Valley Living — Fashion Hills market
Mission Valley Living — Fashion Hills community
Out & About San Diego — The Food and Water Bowl XX cat show
Mission Valley Living — Creekwood at River Run market
Mission Valley Living — Creekwood at River Run community
Mission Valley Living — City Scene market
Mission Valley Living — City Scene community
Foul language in the MLS

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Sorrento Valley Market Update February 2012

02-13-12

Lisa Hayashi E-Pro REALTOR DRE#00915227

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Office: (858) 444-2425

Mobile: (858) 774-0933
Secondary: (877) 789-6795

Sorrento Valley has a very unique housing market, since it's host to many major businesses and has a limited amount of residential property in surrounding areas. There are currently 9 active listings in the 92121 zip code, also known as Sorrento Valley, UTC, or otherwise known as University Town Center, named after the mall in the area. Of those listings, 2 are distressed sales. The listing with the highest days on the market belongs to a detached home in the Shaw Lopez development which was designed by a nationally recognized architect. The prices for those homes are at 3.3 million which brings up the sales averages for the general area. Just for comparison sake, homes in this neighborhood when blending detached and attached homes has an average price per square foot of $464, according to their listing prices. The average price is at $1.3 million, with units spending an average of 88 days on the market when combining the different types of properties.

On the bright side, 6 homes are in pending status. There is only one property in contingent status, (which means it's a short sale waiting to be approved by the seller's lender). All in all, the pending transactions far outweigh the one contingent sale, which is a good sign that we are getting much less short sales coming into the market going forward, since lenders stopped making those subprime loans in 2006. Many distressed homeowners have worked their way out of the current inventory.

For those sitting on the fence, waiting for this market to go down even further, have missed their chance if they haven't bought already, unless something major happens, demand will continue to rise in this area more than other coastal areas. I believe this because their entry price points are a bit lower than more expensive ocean view areas. Homeowners in this area tend to stay longer, because they like where they live and its easy access to the ocean, as well as the businesses nearby.

As for the entry level market (condominiums in this area priced under $300,000), there is not much available currently, to be exact, there's only one listing and it has 885 square feet, with 2 bedrooms and one bath. Right now, it's priced at $269,900 and will most likely receive more than one offer, the closer we get into the high buying season. Since the Sorrento Valley and UTC areas have always been in high demand, it’s still going to be a challenge to buy here moving forward, because some of the area complexes have issues that preclude a buyer from getting suitable financing. With that being said, the housing inventory for San Diego's coastal areas will always have a higher demand, since people like living near the ocean and the cooler weather it offers, therefore it is my opinion when the market recovers, their prices will steadily move higher before the inland areas and the cities on the rims of the county.

Sorrento Valley Market Update February 2012

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Top 10 Most Affordable Homes in Clairemont – Weekly Market Update - February 13, 2012

02-13-12

Valarie Swanson, San Diego real estate

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Office: (858) 450-2100

Mobile: (858) 531-7929

Weekly Market Update for Clairemont – 92117 – February 13, 2012

Clairemont, in the 92117 zip code – is a central community located in the city of San Diego, California. Clairemont is comprised of several neighborhoods within the 92117 boundaries: BayPark, Bay Ho, and Clairemont Mesa.

Central location

Beyond it’s diversity in housing choices from entry level homes to million dollar views, Clairemont is central to shopping, major freeways (805, 5, 52 and 163), medical facilities (10 minutes from VA hospital, UCSD, Scripps and Sharp), public and private schools, public libraries, and public transportation. It’s located just east of PacificBeach; about 10 minutes from the ocean and just 5 minutes from San Diego’s MissionBay.

10 Least Expensive Single Family Homes in Clairemont – 92117
As of February 13, 2012

	Sale Type	Street	Bed/Bath	Est SF	Price$	Days on Market
10	Traditional	Oak Glen Ln	2/1	726	$355,000	18
9	Short Sale	Hidalgo Ave	3/2	1,140	$355,000	57
8	Short Sale	Chandler Dr	3/2	1,665	$350,200	36
7	Traditional	Chateau Dr	4/2	1,600	$349,000	52
6	Short Sale	Gila Ave	3/2	1,164	$340,000	53
5	Traditional	Southampton St	3/1	1,238	$334,000	27
4	REO	Appleton St	3/1	1,018	$315,650	34
3	Short Sale	Doliva Dr	3/1	1,008	$309,000	58
2	Short Sale	Conrad Ave	3/1	1,062	$299,000	53
1	Short Sale	Barstow St	3/1	1,014	$285,000	94

There are currently 57 houses for sale in 92117 - Clairemont, Bay Ho and BayPark with an average list price of $504,500

53 Pending escrows (Traditional sale escrows) with an average list price of $416,000

27 Contingent escrows (Short Sale escrows) with an average list price of $339,000

Recently sold average price is $412,000 taking on average about 3 months to sell.

as of 02/13/2012 01:00 PM Eastern

Product	Interest Rate	APR
Conforming ¹and FHA Loans
30-Year Fixed	4.000%	4.180%
30-Year Fixed FHA	3.750%	4.705%
15-Year Fixed	3.125%	3.438%
5-Year ARM	2.250%	3.156%
5-Year ARM FHA	2.750%	2.999%
Larger Loan Amounts in Eligible Areas – Conforming and FHA.¹
30-Year Fixed	4.000%	4.130%
30-Year Fixed FHA	3.875%	4.784%
5-Year ARM	2.500%	3.195%
Jumbo¹ Loans – Amounts that exceed conforming loan limits¹
30-Year Fixed	4.250%	4.382%
5-Year ARM	2.625%	3.238%

If you are interested in the community of Clairemont or any of its neighborhoods, call on the real estate specialist and San Diego native who has made Clairemont her family’s home for 30+ years.

Search Clairemont homes and call me for an appointment to view any of the homes you find.

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Local San Diego, California--Teachers Face Receiving Pink Slips In March 2012!

02-13-12

Lorraine or Loretta Kratz-Certified Negotiation Consultants

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Office: (760) 650-2157

Mobile: (760) 650-2157

Local San Diego, California Teachers Face Receiving Pink Slips In March 2012!

Local teacher union is trying desperately to halt an upcoming avalanche of pink slips that are due to be issued to local San Diego, California teachers. The state of California has a dead line looming to issue pink slips in an attempt to balance a upcoming budget proposal. The local San Diego Teacher Union is banding together to halt the cutting of many teachers positions by the State of California. A recent memo that came out by the teacher union calls on the district to stand up against the state's broken system for budgeting financing for education.

Last year, San Diego Unified issued 1,350 layoff notices and then recalled more than 90 percent of them by the fall. The teacher union is looking at a delay in raises, increase in health care cost, and furlough days to continue. Upcoming deadline for the pink slips to be issue is March 15.2012.

This information is offered courtesy of Crescent Moon Realty, Inc.

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