Multiple Offers!!!

If you are a buyer wanting to get in a Bank Owned Foreclosure in San Diego, you better be prepared by being Pre Approved and ready to make a strong offer.  These Bank Owned properties are selling fast and the number of offers on the table are amazing.  For example, last month I took out one my buyers to see a Bank Owned Foreclosure in Mira Mesa which was only on the market for 6 days and they had 22 offers on the table.  Not only that, a week later another property in Mira Mesa we found had 25 offers in 4 days of market time.  Also a townhome in Scripps Ranch had 12 offers in a week.  Another situation today where one of my buyers absolutely loved a Bank Owned property in El Cajon had 14 offers on the table which the bank…

Open House...Really!?!

Today I did a open house at a great condo in Rancho Penasquitos.  What's amazing is I have been in the real estate business for 5 years and today was the busiest open house I've done.  I did from 1:00-3:30pm and had 21 families came by!  Yes, I did say 21 in this real estate market.  Well, not all of them are buyers.  Actually 4 of them were neighbors just curious about the price.  But still 17 of them were buyers.  Are one of them going to buy the condo?  I'm not sure but if I didn't do this open house, they wouldn't have known about this condo. 

So my point is I know doing open houses is boring but there are many of home buyers driving around.  So block out a couple of hours on Sunday, get out and do OPEN… Read Full Post

I haven't blogged about Rancho Bernardo real estate for while now so here it is.  By the way this is for the zip code 92127, west of the I-15.  Also remember Rancho Bernardo's real estate with the 92127 zip code have beautiful new communities such as 4S Ranch, Del Sur and Santaluz!

As of January 17, 2008:

For Detached Homes

# of Detached homes FOR SALE:  209
Average asking price:  $1,587,031
Average Square footage of the home: 3,856
Average # of Bedrooms: 4
Average Days on the market: 87

# of Detached homes PENDING:  49
Average asking price:  $975,416
Average Square footage of the home: 3,162
Average # of Bedrooms: 4
Average Days on the market: 59

# of Detached homes SOLD in the last 6 Months:  185
Average Sold price:  $1,124,679 Read Full Post

I have meaning to do a quick Blog statistic for Poway Real Estate for a while now and I finally found time to do it.  If you are not familiar with Poway's real estate, condo's start in the low $200's and single family homes start in the mid $300's.  Take a look a the these statistics and let me know if you have any questions. 

As of January 13, 2008:

For Detached Homes

# of Detached homes FOR SALE:  170
Average asking price:  $1,040,645
Average Square footage of the home: 2,750
Average # of Bedrooms: 3
Average Days on the market: 86

# of Detached homes PENDING:  27
Average asking price:  $1,063,171
Average Square footage of the home: 2,728
Average # of Bedrooms: 4
Average Days on the market: 65

# of Detached homes SOLD in the last 6…

I'm back.  I have been so busy that I haven't had the time to give you an update in Mira Mesa.  Well here it is.  There's seem to be a rise in foreclosures in Mira Mesa.  In fact, at my office we have about 8 bank owned/foreclosure listings!  So here you go with some great statistics on Mira Mesa Real Estate

As of December 29, 2007:

For Detached Homes

# of Detached homes FOR SALE:  185
Average asking price:  $470,024
Average Square footage of the home: 1,534
Average # of Bedrooms: 3
Average Days on the market: 99

# of Detached homes PENDING:  39
Average asking price:  $448,954
Average Square footage of the home: 1,473
Average # of Bedrooms: 3
Average Days on the market: 80

# of Detached homes SOLD in the last 6 Months:  144
Average…

Here is an update on Mira Mesa's real estate market.  Right now the Mira Mesa market has plenty of Short Sales and Foreclosures for sale.  But what I noticed is that the homes that are well maintained are selling faster than the homes that are about $25,000 less that needs work to be done.  So take a look at these statistics and let me know if you have any questions.

As of November 26, 2007:

For Detached Homes

# of Detached homes FOR SALE:  192
Average asking price:  $485,341
Average Square footage of the home: 1,553
Average # of Bedrooms: 3
Average Days on the market: 100

# of Detached homes PENDING:  38
Average asking price:  $466,560
Average Square footage of the home: 1,606
Average # of Bedrooms: 3
Average Days on the market: 74
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You have choice's when you want to buy a property in Rancho Bernardo.  You can buy a older home or a brand new condo almost at the same price.  You're asking which one to buy.  Well, lets compare.  For the positives on owning a older home, you own the land, have a yard, most likely no H.O.A. (but some communities do have H.O.A) and you can do whatever you want to the house.  For the negatives on owning a older home, its OLD and maintenance on the house can be costly.  Now for  the positives on owning a new condo, it's brand new, you pick the upgrades, brand new beautiful community and no one else lived in it.  For the negatives on owning a new condo, it has a H.O.A. and Mello Roos fees, you don't own the land, not much of a  backyard but just a… Read Full Post

Here is some great information on Rancho Bernardo's real estate with the 92127 zip code.  Now remember Rancho Bernardo's real estate with the 92127 zip code have beautiful new communities such as 4S Ranch, Del Sur and Santaluz!

As of November 14, 2007:

For Detached Homes

# of Detached homes FOR SALE:  237
Average asking price:  $1,604,308
Average Square footage of the home: 3,825
Average # of Bedrooms: 4
Average Days on the market: 93

# of Detached homes PENDING:  51
Average asking price:  $1,015,169
Average Square footage of the home: 3,115
Average # of Bedrooms: 4
Average Days on the market: 54

# of Detached homes SOLD in the last 6 Months:  230
Average asking price:  $1,201,100
Average Square footage of the home: 3,356
Average… Read Full Post