Home Sales Report | October 2014

October’s edition of The Home Sales Report for La Jolla is out!

Highlight from this report: Cash sales are the national trend.

Over the past year cash sales have accounted for 49% of all sales in La Jolla. According to the National Association of Realtors, it’s not just wealthier buyers bringing all cash offers to the table; more and more first-time home buyers are taking private loans from family members to avoid the conventional loan route.

To read the full report, follow the link below:

La Jolla Home Sales Report – October 2014 Edition

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Top 10 Patios in San Diego

San Diego is famous for it’s year-round perfect weather, we are “America’s Finest City” after all! When it comes to taking advantage of this day-to-day beauty, nothing is more satisfying that having your home open up to a perfect outdoor area.

These top 10 homes seamlessly transition from inside to out-doors, making the most of San Diego living.

For information on any of these listings, contact me by phone (858)518-1236 or email vincent@vincentcrudo.com

10. 5663 Abalone Place | La Jolla, Ca 92037

Abalone Pl 5 (hires)Large_Living_Room

Built: 1953

Price: $1,895,000

9. 3439 Ibis Street | San Diego, Ca 92103

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Built: 2013

Price: $1,078,000

8. 1421 Calle Altura | La Jolla, Ca 92037

Top10-1 Top10-2

Built: 1970

Price: $2,695,000

7. 6970 The Preserve Way | San Diego, Ca 92130

Top10-13Top10-14

Built: 2014

Price: $3,795,000

6. 7937 Old Man River | Rancho Santa Fe, Ca 92127

Top10-15Top10-16

Built: 2006

Price: $3,695,000

5. 524 Pacific Avenue | Solana Beach, Ca 92075

Top10-12Top10-11

Built: 2012

Price: $7,595,000

4. 6102 Camino De La Costa | La Jolla, Ca 92037

Top10-4Top10-3

Built: 2004

Price: $12,500,000

3. 3620 Dupont Street | San Diego, Ca 92106

Top10-17Top10-18

Built: 2014

Price: $3,195,000

2. 18511 Calle La Serra | Rancho Santa Fe, Ca 92091

Top10-6Top10-7

Built: 2009

Price: $3,295,000

1. 18010 Punta Del Norte | Rancho Santa Fe, Ca 92067

Top10-9Top10-10

Built: 2008

Price: $7,699,000

For the latest updates on these and other spectacular listings in the San Diego area, contact me or follow my Facebook page!

Phone (858)518-1236

Email vincent@vincentcrudo.com

How Do I keep My Clients Informed?

In my opinion there is nothing more important than keeping the lines of communication open during the process of buying and or selling.  It is a top priority to always make sure that my clients are informed on whatever situation is at hand and provide them with all the information needed to make a sound decision.

On the buyer’s side – there are a couple ways I can keep you in the know about the market. I’m constantly checking my “hot sheet” throughout the day, almost every hour, which instantly gives me updates about the market: what is new on the market, what has gone into escrow, what has sold; ultimately furthering my knowledge as to benefit my buyers.  If a new listing comes on the market, not only will I be notified, but you also receive an email from an automatic search I’ve set up for you based you your parameters. Once we find a property and make an offer, I always want to develop good communication with the listing agent so they would feel comfortable working with me and ultimately accept our offer.  Once we have an offer accepted there are strict time lines that the buyer has to follow as part of the purchase contract.  During the escrow period is the most important time to keep my clients informed as to what is next!

On the selling side – I feel that it is important to provide my clients with bi-weekly updates, (if not weekly), as to the showings and feedback data. Additionally, every 30 days I provide a detailed market analysis, informing you about the market conditions, any recent sales, a detailed breakdown of the analytics, and a complete report of all showing logs, feedback from other agents and prospective buyers.  In addition to maintaining open lines of communication via phone calls and emails, these updates are the best way I can keep you, as a seller, informed about the status of your property.

Example of Detailed Report Provided to Sellers Every 30 Days

Example of Detailed Report Provided to Sellers Every 30 Days

In summation, there are many moving parts that are happening during a transaction and there is nothing worse than keeping someone in the dark.  Therefore, keeping in touch and updating my clients on the process of selling or buying is a top priority of mine.

Do I Work Alone or Part of a Team?

     I work alone in the sense that when a client hires me, they are going to get me, Vincent Crudo, as their agent. I will be the one answering my phone. My clients will not get an assistant, buyer’s agent or listing agent when they call me with questions and / or concerns. When you hire me, I am exclusively yours, so to speak. Behind the scenes, I do have some assistance, however, I am always the first point of contact. I go up against a lot of other agents when I am trying to obtain listings at listing appointments, and that’s something that I feel is very beneficial to a client of mine, wanting to list or even buy their home. They are going to get me and not anybody else. I am very hands-on and my clients get much more of a personal touch then they would from a team. 

     Call me to set up a listing appointment or to help you find the home of your dreams, anywhere in the world.

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Vincent Crudo
858-518-1236 (Call or Text)
Vincent@VincentCrudo.Com
http://www.SDLuxe.com

Is the San Diego Area Growing or Declining?

     I have seen the San Diego area continue to grow. It is expanding almost upwards north as far as it can go and outwards east as far as it can. There is not an abundance of vacant property now to be developed, although, Scripps Ranch is a great area that is growing. The city is moving east toward Santee and those areas are highly desirable, with more custom homes. The San Diego market area is growing and hopefully we can continue to see jobs increase and sustain this growth. I think we are currently in a very healthy market, however, in 2005 (the “boom”) it was $0 down and 100% financing where one could get in their home then refinance to a regular loan rather than an interest only loan. Now, on the flip-side in 2014, we’re in such a healthy market where you can put money down, (typically) get in with equity, and many appraisals are coming in over purchase price which is a very good sign. In San Diego as a whole, there are lots of sales and the sale volume is there. In addition, the prices are creeping upward. Not at such a vertical rate, which I’ve seen in the past, it’s more of a steady climb. In the upper end properties we’re seeing bigger sales, waterfront sales, $16 million sales, $24M sales – even in La Jolla, Del Mar and oceanfront properties. That market range is usually the last to fall, so when those properties start selling and those prices are attained, that’s a very good sign for everyone in the lower price ranges. With that being said, I believe our market is strong and will continue to thrive.

San Diego Real Estate Market Showing Growth in 2014

Contact me today to learn more about what your property is worth
or to find out what homes are for sale in your area!

Vincent Crudo
858-518-1236 (Call or Text)
Vincent@VincentCrudo.Com
http://www.SDLuxe.com

Can I Have A Property CMA for My Area and How Do You Go About Doing That?

     In order to produce a CMA for your property, I will look at all the active, pending and sold properties in your area. I will prepare your comp two ways; one CMA will be geared towards your specific area and one will be geared toward a bit of a bigger area in order to give you the value of your home. Cities within the San Diego area, such as La Jolla, break off into many little neighborhoods, and different neighborhoods are going to have varying values depending on where you live and the unique characteristics of your property. Not one property is ever the same, so in order to determine the value which can be challenging, I have to consider all the characteristics of your home; the layout, finishes, geographical location, and much more. My report will depend on all factors. As a professional realtor that has hyper-local knowledge of my area, coupled with being a native of San Diego, is a great benefit when it comes to determining the value of a home. I have been in the majority of homes that have been on the market and have sold, so I can give you a better assessment than most appraisers or assessors.

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Contact me today to get your property CMA!

Vincent Crudo
858-518-1236 (Call or Text)
Vincent@VincentCrudo.Com
http://www.SDLuxe.com

 

HOUSING MARKET BUBBLE?

There seems to be a buzz right now that the current housing market will be due for a correction.

The media is getting behind the housing market and putting out information that is all positive.  The stock market is up, consumer confidence is on the rise but can the market maintain the momentum.  That is the real question, where will be in 3 plus years?  Will there be more jobs? 

I believe that the most significant factor will be interest rates, they have been at all time lows over the past 2 years. But we all know rate will have to rise at some point and when they do increase what will be the fall out.   In the past 2-3 weeks we have seen the end of 3% rates and now buyers are most likely to obtain a rate in the 4%, which is still really good.   Buyers have been spoiled being able borrow money so cheap.  I foresee the market staying healthy, however, some buyers may be priced out of homes they once wanted but on the other hand it will allow those who may have been losing out to finally win!

If you have been sitting on the sidelines waiting for the right time to buy or invest, now is the time.  Despite what rates are doing, the market will continue to improve and we should be seeing more homes come on the market.

What are your thoughts? Do you have a different opinion?

For more information or assistance please visit http://www.SDLuxe.com