San Diego Real Estate bedroom / bathroom configuration is a good indicator of how large a home you will be buying. Or conversely, if you know how large a home you need, you can estimate what sort of a bedroom / bathroom configuration you should expect to be looking for.
The error bar shown represents 1-sigma, or as we might more generally say, plus-or-minus ...
| Bedrooms | Bathrooms | Avg Sq Ft |
| 2 | Any | 1061 +/- 41 |
| 3 | <= 1 | 1125 +/- 62 |
| 3 | 2 | 1444 +/- 32 |
| 3 | 3 or more | 1910 +/- 58 |
| 4 | 2 | 1688 +/- 65 |
| 4 | 3 | 2338 +/- 36 |
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Robert T. Boyer, Ph.D. San Diego's Finest Real Estate RobertBoyer.Realtor@gmail.com |
Robert T. Boyer, Ph.D. Your San Diego CA Real Estate Connection! San Diego Foreclosures and Real Estate Investments Centrally located in Carmel Valley Serving North County San Diego Real Estate including: La Jolla, Del Mar, Carmel Valley, Rancho Santa Fe, Solana Beach, Cardiff by the Sea, Encinitas, Leucadia, Carlsbad, Oceanside, Vista, San Marcos, Escondido, Rancho Bernardo, Poway, Rancho Penasquitos, Scripps Ranch, Tierra Santa, Mira Mesa, University City |
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3225 Fortuna Ranch Encinitas, CA 92024 (in the community of Olivenhain) 15 br / 9 ½ ba, 16,330 sq ft, on 1.24 acres, for $3,150,000 - $3,645,000 This unique property was built at a cost of $12,000,000 with the intention of serving as a high-end, celebrity retreat. At just over $3,000,000, there is nothing else that needs to be said about what a huge value this is. |
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17215 Camino de Montecillo Rancho Santa Fe, CA 92067 9 + 3 br / 9 ½ ba, 16,636 sq ft, built 1993, for $4,927,800 There is only one comparable to this property coming in at $6,842,500 ($615.17 / sq ft); this property is priced at $4,927,000 or $296.21 / sq ft, less than half the price. |
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7143 Via Del Charro Rancho Santa Fe, 92067 3 br / 3 ba, 3258 sq ft, built 1978, on 3.36 acres, for $2,750,000 There are no apples to apples comparison for this property. Properties in the area average (median) 0.6 acres; this property boasts 3.36 acres (5.8 x as large) Properties in the area average (median) $1,245,000; this property price is $2,750,000 (2.2 x as much) If land for horses in Rancho Santa Fe is your goal, then this is a sweet deal |
| 3256 Circa de Tierra Encinitas, CA 92024 6 br / 5 ½ ba, 7095 sq ft, built 1988, on 2.68 acres, for $1,995,000 Properties in the area average two (2) acres; this property is 30% larger. … and is surrounded by 53 acres of open space Properties in the area average 6760 sq ft; this home is 5% larger. Properties in the area average $3,875,000 ($573 / sq ft); this property comes in at $281.18 / sq ft or 49.1% |
It wasn't my plan when I began this post, but as long as we're both here... if you are or know a qualified buyer that would be interested in purchasing one of these great deals, or any other home for that matter, please call me at (858) 755-2111
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Robert T. Boyer, Ph.D. San Diego's Finest Real Estate |
Robert T. Boyer, Ph.D. #010791063 Real Estate Investment, Foreclosure, & REO Centrally located in Carmel Valley Serving North County San Diego: La Jolla, Del Mar, Carmel Valley, Rancho Santa Fe, Solana Beach, Cardiff by the Sea, Encinitas, Leucadia, Carlsbad, Oceanside, Vista, San Marcos, Escondido, Rancho Bernardo, Poway, Rancho Penasquitos, Scripps Ranch, Tierra Santa, Mira Mesa, University City |
The San Diego Real Estate Housing Market is actually a heck of a lot better than you might think. Despite all the commentators telling us that this time is worse than last time, the average days on market (DOM) for a property is actually quite reasonable, as can be seen in the following chart.
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Robert T. Boyer, Ph.D. San Diego's Finest Real Estate |
Robert T. Boyer, Ph.D. #010791063 Real Estate Investment, Foreclosure, & REO Centrally located in Carmel Valley Serving North County San Diego: La Jolla, Del Mar, Carmel Valley, Rancho Santa Fe, Solana Beach, Cardiff by the Sea, Encinitas, Leucadia, Carlsbad, Oceanside, Vista, San Marcos, Escondido, Rancho Bernardo, Poway, Rancho Penasquitos, Scripps Ranch, Tierra Santa, Mira Mesa, University City |
San Diego Foreclosure and REO sales have spurred the market over the last six months of 2008. Although the sales are not quite up to average, we can clearly see huge gains in the number of home sales in 2008 compared with 2007. The number of sales of detached homes increased 16.1%. While recognizing there are a ton of factors that influence home sales, from declining prices to presidential election cycles, we can still look at the overall trend. Baring some unexpected catastrophic upheaval in our credit system, it appears to me that the current interest rates are going to drive a further increase in home sales, which demand will bring a halt to the declining value problem and stabilize home prices in San Diego.
Robert T. Boyer, Ph.D.
At San Diego's Finest Real Estate, we track the market beyond the raw generalities you hear in the media. There are significant differences both in market area as well as in the configuration (e.g., 3br/2ba, 1200 sf) of a home.
The following chart shows the 2007 and 2008 sales of existing attached homes (e.g., condos, townhomes). Our prediction for 2008 was to have more sales than for 2007. That was a pretty easy call considering how dismal sales for 2007 were, especially in the last half of the year. The increase in total sales of attached homes for 2008 was a 5.78% increase over 2007.
When we look at the 2008 figures, what is most striking is that for the last four (4) months of 2008 have been dead-on average - despite the flailing of the credit markets. This bodes well for 2009 sales as it demonstrates a solid demand at the current pricing levels.
Should prices slide any more, we should see an even greater demand which will inherently force the slide in prices to come to a halt. If everything were completely independent, it would be reasonable to declare that early 2009 should see the bottom of the prices for attached homes. However, factors that we need to keep an eye on are interest rates and detached home prices
Robert T. Boyer, Ph.D.
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Robert T. Boyer, Ph.D., takes an investor's approach to real estate. He analyzes the market for appreciation as well as cash flow. Co-Founder & CMO of FinestExpert.com - The Cashflow Search Engine
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