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Laxson Associates l Carmel Valley San Diego

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Del Mar Real Estate Market Update

11-09-08
Laxson Associates l Carmel Valley San Diego

Del Mar AerialDEL MAR REAL ESTATE MARKET UPDATE

Current Available Listings: 172 Listings

Least Expensive Home in 92014: $219,900

Information: Del Mar Bluffs Condo - 1 bdrm/1 bath, approx. 628 sq. ft.

Most Expensive Home in 92014: $76,000,000

Information: Del Mar Bluff 3 Parcels Waterfront 5.5 Acres w/over 396 Ft of Oceanfront

Pending/In Escrow Listings: 11 Listings

Pending Least Expensive Home in 92014: $160,000

Information: Casa del Mar Condo - 1 bdrm/1 bath

Pending Most Expensive Home in 92014: $3,500,000

Information: Olde Del Mar - 4 bdrms/ 2 ½ baths built in 2005

Sold from January 1, 2008 through November 9, 2008: 125 Listings

Sold Least Expensive Home in 92014: $240,000 (List Price $260,000)

Information: Portofino - 1 bdrm/1 bath, approx. 800 sq. ft.

Sold Most Expensive Home in 92014: $15,900,000 (List Price $15,995,000)

Information: Ocean Front Beach Colony - 3 bdrms/3 ½ baths, approx. 1,672 sq. ft.

Interested in buying a home in Del Mar or learning more about the area? Contact us at (858) 245-9905!

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Carmel Valley Skatepark Almost Open!

11-09-08
Laxson Associates l Carmel Valley San Diego

Skate ParkThe much anticipated opening of the Carmel Valley Skatepark in San Diego is scheduled for November 22nd. The Skatepark is located near the intersection of El Camino Real and Townsgate Drive and next to the Carmel Valley Northwestern Division Police Station. The 33,000 square foot facility is scheduled to include a three-part "bowl" area, ramps, steps and other surfaces to suit both beginning and experienced skaters. The park will also include shaded areas, restrooms, observation areas and lights.

This is an exciting addition to a community who already has demonstrated by their outstanding schools, number of sport parks and other activities for families with children that the San Diego community of Carmel Valley is a great place to live and to raise your family!

Carmel Valley Skatepark fans are already abuzz on the internet discussing the new park!

If you are interested in living in this outstanding community, contact us at (858) 245-9905 or visit our extensive Carmel Valley real estate website at www.CV-Home.com to view information about all the developments in Carmel Valley.

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Halloween Fun for Carmel Valley Kids

10-29-08
Laxson Associates l Carmel Valley San Diego

My children and their friends have always loved Halloween in Carmel Valley. They especially like the fact that every neighborhood has loads of opportunities for treats! In addition to "walking the neighborhoods", here are some other places to have fun with your children this Halloween! Halloween Scream Zone

The Haunted Birch Aquarium, aimed at kids 13 and under, is on October 24, 25 and 26 from 6:00 to 9:00 PM. This should be lots of fun for the little ones and not too scary!

The teens will especially like the Scream Zone at the Del Mar Fairgrounds which is open nightly, through Saturday, Nov. 1. My daughter just went last weekend and actually left part way through... very scary and she hates clowns who chase people while waving heads without torsos!

There is also the Haunted Hotel downtown and the Haunted Trail in Balboa Park, also through Nov. 1. We haven't tried these, but definitely on our list. Let me know how you like them!

Copyright 2008 Susan Laxson. All Rights Reserved. "Halloween Fun for Carmel Valley Kids". Information from sources deemed reliable, but not guaranteed.

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Provence - A Standard Pacific Development in Carmel Valley, San Diego.

10-29-08
Laxson Associates l Carmel Valley San Diego

Provence in Carmel Valley, San DiegoPROVENCE in Carmel Valley was developed by Standard Pacific and is a smaller Carmel Valley development featuring only 58 detached homes that were built between 1998 - 1999. The Provence homes offer 4 to 6 bedrooms and have 3 to 5 1/2 bathrooms. Ranging in size from 3,292 to 3,779 square feet of living space, these homes also feature vaulted ceilings and Spanish red-tiled roofs. There are no HOA dues for Provence, but there is Mello-Roos.

Provence offers six floor plans:

Plan 1 - Approx. 3,521 sq. ft., 4 Bdrms/3.5 Baths, 3 Car Garage, Two Story

Plan 2 - Approx. 3,292 sq. ft., 5 Bdrms/3.0 Baths, 3 Car Garage, Two Story

Plan 3 - Approx. 3,521 sq. ft., 5 Bdrms/3.5 Baths, 3 Car Garage, Two Story

Plan 4 - Approx. 3,429 sq. ft., 5 Bdrms/4.5 Baths, 3 Car Garage, Two Story

Plan 5 - Approx. 3,779 sq. ft., 5 Bdrms/5.5 Baths, 3 Car Garage, Two Story

Plan 6 - Approx. 3,439 sq. ft., 6 Bdrms/5.5 Baths, 3 Car Garage, Two Story

The street names for Provence include Bradshaw Court, Pearlman Way & Seashell Place.

CURRENT AVAILABLE LISTINGS IN PROVENCE

  1. $1,249,000 - $1,299,000 - 6 bdrms/6 baths, approx. 3,779 sq. ft.

If you are interested in searching for homes in Provence or the San Diego community of Carmel Valley or Del Mar, researching the current value of your home, viewing our Carmel Valley real estate website, or learning more about the current housing market, give us a call anytime at (858) 245-9905.

Copyright 2008 Susan Laxson. All Rights Reserved. "Provence - A Standard Pacific Development in Carmel Valley, San Diego". Information from sources deemed reliable, but not guaranteed. Listing information is from Sandicor and subject to change without notice.

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Coldwell Banker & Realogy Propose Buy-Down in Mortgage Rates

10-29-08
Laxson Associates l Carmel Valley San Diego

I am a Coldwell Banker real estate agent and today our company announced that Realogy (our parent company) has approached the U.S. Department of Treasury with the call to lower rates from 4.5% or lower on 30 year fixed rates mortgages.

"There are millions of credit-worthy people ready to jump back into the housing market, but they need to be motivated," said Realogy President and CEO Richard A. Smith. "In our view, the incentive of substantially lower mortgage rates would directly stimulate the housing market - both in sales volume and price - and thus accelerate the overall U.S. economic recovery."

Realogy's proposal calls for a short-term government buy-down of mortgage rates to at least 4.5%, or lower, for a 30-year fixed rate mortgage (down from current rates of approximately 6.04%). This homebuyer incentive would apply to the purchase of all new and/or existing homes sold up to $1 million in price.

Here are the key findings from the Realogy broker survey:

  • 95% of brokers said they would expect an increase in home sales if 30-year conforming fixed-rate mortgages were available at 4.5% rates today.
  • Most notably, 54% of all responding brokers said the impact of a 4.5% mortgage rate would significantly increase home sales in their markets.
  • Of the brokers who answered that rates would increase, nearly half (46%) indicated that they would anticipate unit sales levels to increase between 10% to 25% if 4.5% mortgage rates were available today.

The majority of brokers also agreed that substantially lower mortgage rates would have a strong stabilizing impact on average home sales prices.

  • 51% of brokers felt home prices would increase somewhat and 38% felt home prices would stay the same.
  • Of the brokers who felt prices would increase or significantly increase due to 4.5% mortgage rates, 22% felt the home price increases would be in the 3% to 5% range and 13% felt it would be in the 5% to 7.5% range.

About Realogy Corporation

Realogy Corporation, a global provider of real estate and relocation services, has a diversified business model that includes real estate franchising, brokerage, relocation and title services. Realogy's world-renowned brands and business units include Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, Sotheby's International Realty®, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy's franchise systems have approximately 16,000 offices and 300,000 sales associates doing business in 92 countries around the world. Headquartered in Parsippany, N.J., Realogy (www.realogy.com) has approximately 13,000 employees worldwide. Realogy is owned by affiliates of Apollo Management, L.P., a leading private equity and capital markets investor.

Realogy

If you are interested in searching for homes in the San Diego community of Carmel Valley or Del Mar, researching the current value of your home, viewing our Carmel Valley real estate website, or learning more about the current housing market, give us a call anytime at (858) 245-9905.

Copyright © 2008 Susan Laxson. All Rights Reserved. "Coldwell Banker & Realogy Propose Buy-Down in Mortgage Rates". Information from sources deemed reliable, but not guaranteed.

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