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Jeff Dowler ~ Carlsbad Homes for Sale ~ 760-840-1360

What is the San Diego County Supplemental Tax Bill and Do I Need to Pay it?

What is the San Diego County Supplemental Tax Bill and Do I Need to Pay it?

For those buyers purchasing a new home (new construction or resale) in San Diego County, you will receive one or more Supplemental Tax Bills sometime in the 6 – 12 months following your close of escrow (I got that time frame direct from the San Diego County Tax Office) – the dates may vary for mailing the San Diego Supplemental Tax Bills.

Property Taxes and Supplemental Taxes in San Diego CountyAll San Diego County real property is required to be reassessed following a change of ownership (or the completion of new construction). When you purchase a home you take on the current tax assessment and billing and are required to pay the property tax due according to the standard property tax payment schedule:

  • Fiscal year begins – July 1
  • 1st installment due Nov. 1
  • 1st installment delinquent date Dec. 10
  • 2nd installment due Feb. 1
  • 2nd installment delinquent date April 10
  • Annual property tax bills are mailed in October (both installment coupons)

Given when the home was last assessed, the current assessment and tax amount might be higher or lower due to shifts in pricing and property values, the purchase price, and other factors.

The San Diego County Supplemental Tax Bill will reflect the reassessment and the increase OR decrease in the tax amount due. The Supplemental Tax Bills are sent to the property owner, NOT the lender (even if you are escrowing money each month in your mortgage payment for tax purposes, i.e., an impound account).

For more details on everything you should know about your San Diego County property taxes and Supplemental Tax bills, visit the San Diego Treasurer-Tax Collector website.

Homeowners can pay their San Diego property tax bills on-line, too.

Walk to the Beach! Uh, No Frickin’ Way

Walk to the Beach! Uh, No Frickin’ Way

Stairs to the beach at Grandview Beach in Leucadia, Encinitas CALiving along the coast in Carlsbad, I often get requests from buyers seeking primary or vacation homes to enjoy a slice of the Southern California life where they can “walk to the beach.”

I get that, as I would enjoy that, too, and have in past homes.

It’s a loaded request, since first and foremost it brings with it the issue of price.

How MUCH are you willing or able to pay for the privilege of walking to the beach?

Many buyers, in the general region but more so from other areas, think that with the shift in the market these last 6 years that Southern California bargains are to be found within walking distance to the beach, or looking right at it.

Sure, oceanfront and nearby homes have dropped in value, too, but waterfront property and homes near the beaches still command top dollar for the privilege of ocean views and a short walk, or perhaps your own private stairs to the beach (that REALLY is a premium in price, as much as a few hundred thousand dollars). It is nearly impossible to get approval to build stairs these days if they don’t exist and true oceanfront property on the open market is not plentiful and it remains pricey.

Direct ocean frontage in Del Mar's Beach Colony, Del Mar CARelated to that question IS the issue of stairs in your walk to the beach, and the streets themselves. If you don’t care, the options are greater, but if you want to be able to walk out your door onto the beach or not have stairs to navigate (due to the bluffs), the choices are fewer.

  • You can’t do that in Solana Beach, for example, and the Del Mar Beach Colony, which is at beach level, starts at the mid 7 figures for that honor
  • Carlsbad also has a limited number of true ocean front homes, primarily near Carlsbad Village and at Terramar where the beach can be at or very near your doorstep
  • In Encinitas you need to be close to Moonlight Beach (Lofts at Moonlight Beach are a good example) or you have a lot of stairs…but great views
  • Cardiff has no homes that are direct ocean frontage but many with great views on the hills and close to the beaches and downtown.

Moonlight Beach in Encinitas CAThe other issue that really gripes me are agents who advertise a home as being walk to beach, when that walk is, shall we say, fairly substantial. First of all, those looking for a “walk to beach” aren’t generally willing to walk a mile or more, in my experience, and usually they want considerably less, even if they can’t afford it. Maybe a couple of blocks at best.

I saw a home today, in fact, when previewing homes for several clients, that is 1.7 miles from the beach (I measured it in my car for god’s sake). The agent, attempting to lure buyers, decided that marketing the home as walk to beach might be a selling point.

I think it’s misrepresentation.

Walk to the beach? No frickin’ way.

Sure it’s possible. But I could also walk from my home to San Diego, about 35 miles, if I wanted.

Walk to beach DOES mean different things to different people. Far be it for me to second guess HOW close that means buyers. I steer away from that issue but suggest people test it out themselves so they can be comfortable.

Walk to the beach” also raises potential fair housing issues. I’m not getting into that discussion here, and I’ve seen debate about whether talking about “walking distance” violates fair housing or not. It COULD be discriminatory so best avoided in advertising. Wonder what Fair Housing has to say about "walkscore?"

Suffice it to say, “walk to beach” is far more complex than one might think at first glance. It bears further discussion to be sure what buyers really want and will tolerate when seeking a home that is "walk to the beach."

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What Happened in the Solana Beach Real Estate Market in February 2012?

Solana Beach Homes for Sale - What Happened in the Solana Beach Real Estate Market in February 2012?

Solana Beach Homes for Sale - Homes for Sale in Solana Beach

Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and one of the more expensive coastal communities in the North San Diego County area.

READ MORE: Solana Beach Real Estate

As a buyer or seller in the Solana Beach real estate market, understanding recent trends and current market conditions is essential in order to make informed decisions; media reports focus on general market statistics and therefore will not provide you with an accurate picture of the Solana Beach real estate market conditions.

The following data are taken from the San Diego MLS for Solana Beach real estate (private sales are not included in these statistics, nor are multifamily properties or mobile/manufactured housing). The data are believed to be reliable but are not guaranteed.

In February 2012 there were 14 Solana Beach homes sold, 1 less than last month (down 7%). Here’s the breakdown of overall activity.

TOTAL

DETACHED

ATTACHED

# Sold

14 (down 7%)

8 (up 14%)

6 (down 25%)

Average $

$824,926 (up 12%)

$1,020,309 (up 4%)

$546,416 (up 10%)

Days on Market

89

81

101

Sale Price/List Price

93%

92%

97%

Sales volume in the Solana Beach real estate market for February rose for detached homes but dropped for attached. In contrast average sale prices rose across the board, although modestly. We are still seeing negotiation in prices, on average from 3 - 8%. Given the small number of sales, one cannot draw any firm conclusions about pricing trends.

At the end of February 2012 there were 91 Solana Beach homes for sale, down 3% from January’s inventory, another decline, making the Solana Beach market more competitive for buyers. 12 of these homes are “contingent” (short sale or REO homes with offers being reviewed by lenders and considered active). This represents an inventory of 9.7months for attached homes (up from 9.3 months last month) and 4.7 months for detached (down from 5.5 months in January) based on the current rate of sales over the last 6 months.

READ MORE: How Important is Inventory when Buying or Selling? Very!!

In February 24 homes came into the Solana Beach real estate market, 33% more than last month; 15 homes went pending in February 2012, the same as last month.

This overview of the Solana Beach real estate market is based on information provided by the MLS for homes that went under contract in the last couple of months and closed in February. More details can be provided if needed with regard to current activity as well.

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READ MORE:

Solana Beach Homes for Sale – What Happened in the Solana Beach Real Estate Market in January 2012?

Solana Beach Homes for Sale – What Happened in the Solana Beach Real Estate Market in December 2011?

Solana Beach Homes for Sale – What Happened in the Solana Beach Real Estate Market in November 2011?

Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for October 2011

Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for September 2011

Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for August 2011

La Jolla Homes for Sale - What Happened in the La Jolla Real Estate Market in February 2012?

La Jolla Homes for Sale - What Happened in the La Jolla Real Estate Market in February 2012?

La Jolla Homes for Sale - Homes for Sale in La Jolla CA

The La Jolla real estate market is one of the most expensive in San Diego County. A visit to La Jolla on-line, or better yet in real life, will quickly give you a good sense of why this is so.

La Jolla, “The Jewel,” is an extraordinarily beautiful coastal community with many homes offering fabulous views of the ocean from the hills, and a trendy, very up-scale village offering the finest in shopping and dining. La Jolla is often compared to the French and Italian Rivieras with wonderful ocean and coastline vistas from the hills, amazing homes, beautiful architecture, and a terrific year-round climate, attracting visitors from around the world.

READ MORE:

La Jolla Real Estate – A Jewel on the San Diego Coastline

La Jolla California - VIDEO Tour of this Jewel by the Sea

Mt. Soledad in La Jolla California – Forever Views of San Diego and La Jolla

Walkable Neighborhood Series – Real Estate in Upscale, Affluent La Jolla Village

Having current, local information on the La Jolla real estate market is essential so you can make informed decisions about your home buying and selling in La Jolla. Despite the shift in prices over the last 5+ years, La Jolla remains an expensive real estate market, particularly for ocean view and ocean front homes.

The La Jolla real estate market saw 44 homes sell in February 2011, a jump by 69% from January sales. Here’s a summary of the real estate activity (these MLS summary data do not include private sales, and are believed to be accurate but are not guaranteed).

TOTAL

DETACHED

ATTACHED

# SOLD

44 (up 69%)

25 (up 79%)

19 (up 58%)

Average $

$1,052,059 (up 9%)

$1,429,678 (up 13%)

$523,614 (down 12%)

DOM

108

114

101

Sale $/List $

97%

99%

96%

The volume of sales in the La Jolla real estate market increased significantly from January sales. Average sales prices also rose for detached homes, but r\declined for attached. Buyers are still negotiating for their homes, off list price by 1 - 4% on average.

La Jolla Homes for Sale - Homes for Sale in La Jolla CA La Jolla Homes for Sale - Homes for Sale in La Jolla CA

30 La Jolla homes (7% of the total) had a contingent status at the end of February (these homes are still considered active, but have offers that are being considered by either the short sale or REO lenders).

There were 356 La Jolla homes on the market at the end of February,6 more than in January (up 2%). This translates into an inventory of 8.4 months for detached homes (down from 8.8 last month), and 7.9 months for attached (up from 7.3 months in January), based on the rate of sales over the last 6 months.

READ MORE: How Important is Inventory when Buying or Selling? Very!!

96 homes entered the La Jolla real estate market in February, down 13% from January, which had seen a large increase, with 54 homes going pending, 35% more than the January pendings which had increased significantly over December’s.

If you would like more detailed information about the La Jolla real estate market, or would like to know more about specific residential areas and their market conditions (the Village, Muirlands, La Jolla Shores, La Jolla Farms, Bird Rock, Mt. Soledad, Windansea) please let me know.

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SEARCH FOR HOMES FOR SALE IN WINDANSEA, LA JOLLA CA

READ MORE:

La Jolla Homes for Sale – What Happened in the La Jolla Real Estate Market in January 2012?

La Jolla Homes for Sale – What Happened in the La Jolla Real Estate Market in December 2011?

La Jolla Homes for Sale – What Happened in the La Jolla Real Estate Market in November 2011?

La Jolla Homes for Sale | What Happened in the La Jolla Real Estate Market in October 2011?

La Jolla Homes for Sale | La Jolla Real Estate Market Report for September 2011

La Jolla Homes for Sale | La Jolla Real Estate Market Report for August 2011

Escondido Homes for Sale - What Happened in the Escondido Real Estate Market in February 2012?

Escondido Homes for Sale - What Happened in the Escondido Real Estate Market in February 2012?

Escondido Homes for Sale - Homes for Sale in Escondido

Escondido is an inland community, about 15 miles from the coast adjacent to San Marcos. Like its neighbors, San Marcos, Vista and Oceanside, Escondido has seen fairly significant shifts in the real estate market with a large number of short sales and foreclosures.

READ MORE: A Tour of Escondido – A Diverse Inland San Diego Community

As a buyer or seller in the Escondido real estate market, understanding recent trends and current market conditions is essential so you can make informed decisions; media reports focus on general market conditions and therefore will not provide an accurate picture of the local Escondido real estate market.

The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties or mobile/manufactured homes). The data are believed to be reliable but are not guaranteed.

In February 2011 there were 124 homes sold in the Escondido real estate market, up 23% from January. Sales volume rose significantly, whereas average sale prices declined but modestly. Buyers were able to negotiate, on average, about 1 - 3% off sales price.

Here’s the breakdown of overall activity.

TOTAL

DETACHED

ATTACHED

# Sold

124 (up 23%)

107 (up 27%)

17 (no change)

Average $

$307,815 (down 3%)

$334,445 (down 6%)

$142,300 (up 7%)

Days on Market

98

107

53

Sale Price/List Price

97%

97%

99%

There were 258 Escondido homes (33% of all active properties) on the market with a Contingent status, i.e., short sale or REO homes that have offers being considered by lenders. These are included in the statistics below.

At the end of February 2011 there were 649 Escondido homes for sale, about 1% fewer homes on the market than at the end of January. This represents an inventory of 4 months for attached homes (down from 4.1 months in January) and 5 months for detached homes (up from 4.8 months in January), based on the current rate of sales over the last 6 months. Thus the market remains tight for buyers.

READ MORE: How Important is Inventory when Buying or Selling? Very!!

In February 200 homes came on the market, 15% fewer than in January. The number of homes going pending (143) increased, however, by 7%, from January pendings, a good sign for the Escondido real estate market.

I am happy to provide more information about current real estate activity in the Escondido real estate market and answer any questions that you may have about current market conditions.

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READ MORE:

Escondido Homes for Sale – What Happened in the Escondido Real Estate market in January 2012?

Escondido Homes for Sale – What Happened in the Escondido Real Estate Market in December 2011?

Escondido Homes for Sale – What Happened in the Escondido Real Estate Market in November 2011?

Escondido Homes for Sale | Escondido Real Estate Market Report for October 2011

Escondido Homes for Sale | Escondido Real Estate Market Report for September 2011

Escondido Homes for Sale | Escondido Real Estate Market Report for August 2011