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Dennis and Sunshine Smith

Encinitas, California house market report for December 2011.

Encinitas, California house market report for December 2011.

Encinitas, at an average price of $1,008,660 and an median price of $880,000 for a detached house, is one of the more desirable areas in North San Diego County. Residents love it here because of its great coastal location.

The totals for detached houses in Encinitas in December, 2011, show 35 homes sold and 122 homes available. That gives us only 134 days of inventory, almost a five months supply. Usually, 5 to 6 months of inventory is considered a balanced market. Therefore Encinitas houses are actually in a balanced market. Fortunately for sellers, sales prices have followed suit with a low inventory. The average sale price increased 18.5% and the median sales price was up 32.3% year-over-year from Dec. 2011. This is one of the highest price increases in San Diego County.

Sales in Encinitas were up 20.7% over December, 2010 and the inventory is up over 37% over December, 2010, giving Encinitas homebuyers a good selection of homes to choose from.

Of the 122 houses and 50 condos currently available in Encinitas, only 8 of them are bank owned or REO houses. This is down significantly from previous years.

Detached houses start in the low $400,000 range. There is currently one home available for sale under $450,000 and three under $500,000 in Encinitas.

Encinitas Real Estate Market Report

Encinitas is located on the North Coastal area of San Diego County. Known for its good schools, and location on the beach, Encinitas is highly sought after area to live.

If you're buying a home in Encinitas, and you need a knowledgeable Encinitas Realtor to work with, please contact me, Dennis Smith, Encinitas Realtor.

Carlsbad, California house market report for December 2011

Carlsbad, California house market report for December 2011.

Carlsbad, at an average price of $613,495 for a detached house, is one of the more desirable areas in North San Diego County. Residents love it here because of its great coastal location.

The totals for detached houses in Carlsbad in December, 2011, show 64 homes sold and 421 homes available. That gives us only 147 days of inventory, almost a five months supply. Usually, 5 to 6 months of inventory is considered a balanced market. Therefore Carlsbad houses are actually in a balanced market. Unfortunately for sellers, sales prices have not followed suit with a low inventory. The average sale price dropped 12% and the median sales price was down 6% year-over-year 2011.

Sales in Carlsbad were up 12% over December, 2010 and the inventory is up almost 30% over December, 2010, giving Carlsbad homebuyers a good selection of homes to choose from.

Of the 421 houses and condos currently available in Carlsbad, only 43 of them are bank owned or REO houses. This is down significantly from previous years.

Detached houses start in the high $300,000 range. There are currently eight homes available for sale between $360,000 and $400,000 in Carlsbad.

Carlsbad Real Estate Market report

Carlsbad is located on the North Coastal area of San Diego County. Known for its good schools, and location on the beach, Carlsbad is highly sought after area to live.

If you're buying a home in Carlsbad, and you need a knowledgeable Carlsbad Realtor to work with, please contact me, Dennis Smith, Carlsbad Realtor.

You can view all of the San Diego County houses and condos for sale via my website at http://SanDiegoHomes4u.com

Oceanside, California house market report for December 2011.

Oceanside, California house market report for December 2011.

Oceanside, at an average price of $332,000 for a detached house, is one of the more affordable areas in North San Diego County. Residents love it here because of its great coastal location. Therefore, the number of sales has been high.

The totals for detached houses in Oceanside in December, 2011, show 131 homes sold and 693 homes available. That gives us only 117 days of inventory, a little less than four months supply. Usually, 5 to 6 months of inventory is considered a balanced market. Therefore Oceanside houses are actually in a sellers market. Unfortunately for sellers, sales prices have not followed suit with a low inventory. The average sale price rose only 1/10 of 1% and the median sales price was down 6% year-over-year 2011.

Sales in Oceanside were up 12% over December, 2010 and the inventory is up almost 30% over December, 2010, giving Oceanside homebuyers a good selection of homes to choose from.

Of the 693 houses and condos currently available in Oceanside, only 40 of them are bank owned or REO houses. This is down significantly from previous years.

Oceanside real estate market report December 2011

Oceanside is located in the northwest corner of San Diego County just south of Orange County area this makes it an ideal bedroom community along the coast for San Diego, Orange County and Riverside County. Many people commute from Oceanside to each of these three areas.

If you're buying a home and Oceanside, and you need a knowledgeable Oceanside Realtor to work with, please contact me, Dennis Smith, Oceanside Realtor.

You can view all of the San Diego County houses and condos for sale via my website at http://SanDiegoHomes4u.com

San Diego Home Prices INCREASE in Dec 2008

WE ARE HAVING A SALE - HALLELUJAH - EVERYTHING IS 10% TO 66% OFF OF 2005 PRICES.

San Diego County Median & Average home prices increased month over month for the first time in 17 months. Dec 2008 over Nov 2008.
In North San Diego County, Houses & Condos increased by 4.77% to $330K.
Overall San Diego County, home prices increased by 3% to $298K

Is this THE BOTTOM?
Probably not. 40% of the inventory in the MLS are short sales. Will the new government programs save all these homes. Of course not. Many will become REO's.
BUT WE ARE NEARING THE BOTTOM. Since no one knows when the bottom is, only when it passed by 3 or 4 months, buy now and take advantage of this great buyers market.

However, the inventory is going down too. The peak was 21,302 on 8/14/06.
It dropped to 16,522 on 1/5/08 and it stands at 14,428 on 1/13/09.
That is a huge drop...almost 33%. Do not wait too long.

We are seeing multiple offers on well priced bank and non bank properties.
Investors with all cash offers at asking price are getting beat by home buyers who realize that this is a great time to buy Real Estate.

Home Sales are increasing. Dec 2007 = 1551, Nov 2008 = 2277 and Dec 2008 = 2589

Prices are down!!!
WE ARE HAVING A SALE - HALLELUJAH -
EVERYTHING IS 10% TO 66% OFF OF 2005 PRICES.
Affordability is up from 9% to over 50% in the 3rd quarter, 2008...and rising.
More people can afford to buy homes (and will start to buy when the "news" gets better).
Interest rates are some of the lowest we have had in years. That could change quickly according to David G. Kittle, CMB, Chairman of the MBA, in his testimony before Congress. Judges may be able to modify the contract between the buyer and the lender and "cram down" or reduce the mortgage balance. If that happens, lenders may have to raise rates by 1.5 to 2% to avoid major losses, Kittle says.

WHEN SHOULD YOU BUY??? When they are having a sale and money is cheap!!! RIGHT NOW!!!

For details on the numbers here, see or subscribe to my free report at:
http://www.sandiegohomes4u.com/RealEstateTrends.htm

See my listings at http://tinyurl.com/MyListings1-13-09
See 60+ bank foreclosures my company has at
http://tinyurl.com/FullPage1-13-09 Buyer Full Page
http://tinyurl.com/OneLine1-13-09 One Line List

Dennis Smith, Realtor, Taylor Place Real Estate
760-436-0087 http://sandiegohomes4u.com/home.htm