Showing posts with label median. Show all posts
Showing posts with label median. Show all posts

Thursday, January 28, 2010

Who Is This "Peg" Person at RealtorPeg.Posterous.com?!

Greetings! For myself and for Prudential California Realty, welcome to your perfect source for in-depth real estate information. Why? Because I refuse to lose! I have a unique set of skills beyond real estate sales to assist you in your choices and walk together with you through the maze of legal paperwork that accompanies all California real estate transactions. Service is service is service, however with my additional research and analytical skills, you’ll receive a quality of trust and care far beyond just “service”. On the cutting edge of high tech home sales analysis and marketing technology, I will assist you in finding your home to love or selling your home in a successful and happy conclusion for you and your family. Join me and the elite Prudential California Realty team to be a truly winning force in your San Diego real estate goals. You too deserve the absolute best, let’s do it! Together, we become the winning team to envy.

WHO AM I, WHERE HAVE I COME FROM?

A lifelong animal & nature lover, I was a Navy “brat” as a kid and have extensively traveled all my life. My travels have made me comfortable in just about any culture or ethnicity. As a matter of fact, up to 1/2 of my clients were NOT born in the United States (of course, the other 1/2 of us were)!

1970 – 1975: Starting Pitcher - ASA/AAU National Fast-Pitch Softball Championships. I didn’t like losing, so I learned to pitch!

Grew up and received college degrees in Liberal Arts and Bachelor of Science degree.

Worked 20+ years in aerospace design and test engineering on jet engines and satellite components which allowed me to finely tune my research and analytical skills. I now apply these skills to real estate data to determine the best course of action personalized for each individual client. You could be one of those who receive only direct personal, priority care from me! Not from an assistant or from an automated program system, but from the real live me whether on the phone, by snail-mail or by email.

READY TO GET STARTED?

Now, no fluff, no sales pitch stuff, let’s just get started. Click the below link to search for homes for sale or homes already sold and for educational info on San Diego real estate.

http://www.prudentialcaliforniare.com/prucal/agentprofile/agent.aspx?agentid=106575

--- OR --- Copy/Paste the above into the address bar of your browser.

When you arrive at my website, click on “Find A Property” at the top of webpage to search for homes! Also, notice the buttons on the lefthand side of my website, for instance, the “Buyers” button has informative articles about buying San Diego real estate, “Sellers” has articles with helpful tips for selling your San Diego home and “Communities” has information on demographics and characteristics of Southern CA counties and cities. Lastly, you will see an entire entourage of buttons showcasing Prudential’s one-stop affiliated services to fully support the 100% success of your real estate transaction, all from one visit with me.

NOT HAPPY WITH THE SEARCH RESULTS? Really Easy Fix! Just email me or call me and I will set you up with an even more comprehensive search that will come directly to your email inbox with ALL the Multiple Listing Service (MLS) homes that match your own personal criteria!

Better yet, I PROMISE NOT SPAM YOU and you will always, always have a link on any email from me to OPT-OUT AT YOUR CHOOSING.

Cheers, Have Fun & Enjoy - Peg

Posted via web from RealtorPeg

Median Home Prices thru Dec '09 from Peg

Greetings,

The latest in San Diego SOLD home prices through Dec '09.

For CONDOS, in the 13 different zip codes which I track, the median sold prices look like:

Ø  Compared to 1 mo ago, 54% of zips either went up in market value or stayed essentially the same (within +/-5% market value). Most notable of these was Pacific Beach with a 19% increase over values of the prior month.

Ø  Compared to 2 mos ago, the market value of 46% are still either at a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. Top dog in this category is Linda Vista with a 96% increase in the market value of 2 mos ago. And, 15% have shown an increase or stayed the same in market value for 2 mos straight.

Ø  Compared to 1 year ago, we have 39% with a market value either higher in market value or essentially the same (within +/-5%) as 1 yr ago. Leading the 1 yr category is Linda Vista with 23% increase over values of 1 yr ago.

For HOUSES in the 18 different zip codes which I track, the median sold prices look like:  

Ø  Compared to 1 mo ago, 50% of our zips either went up in market value or stayed essentially the same (within +/-5% market value). Bay Park/Old Town  leads this pack with a 20% increase over values of the prior month!

Ø  Compared to 2 mos ago, again, the market value of 45% are still either a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. Point Loma had a 19% increase in the market value over those of 2 mos ago.  And, 28% of zips have shown an increase or stayed the same in market value for the past 2 mos straight.

Ø  Compared to 1 year ago, we now have 72% with a market value either higher in market value or essentially the same (within +/-5%) compared to 1 yr ago. Here we have Bay Park/Old Town shows a 16% increase over market values of 1 yr ago.

To summarize:  We are still seeing an slight RISE IN PRICES THIS WINTER over both the 1 month and 2 month periods in almost 1/2 or more of our zip codes, not quite as dramatic as in Oct & Nov, but still a noticeable change. The slight slowdown from the pace of Oct & Nov in part can be attributed to the glut of people hoping to close escrow by the end of Oct to qualify for the federal $8000 credit program and, in Nov, we have folks who did not quite make the Oct deadline but were no doubt quite relieved that the program was extended! 

These sales that were seen in Dec are really the telling story about where we stand with real estate recovery in San Diego since these sales are not so heavily influenced by the $8000 credit program. That is why we say, in Dec we are still showing some signs of recovery at a steady, albeit a distinctly slower pace. Most economists who I have heard/read specializing in real estate, are saying that 2010 & 2011 will continue this trend of monthly ups & downs but also will still have a basic very gentle, upward trend.  Then in 2012, they perdict we will see definite upward movement in real estate values more closely resembling a “normal” market. One of the criteria they use for this projection are the number of loans scheduled to "reset" the monthly payment in 2010 & 2011 to create a higher monthly payment for the homeowner thus putting them at risk for default and forclosure. The number of loans scheduled to “reset” in 2012 is known to be significantly less than the number scheduled for 2010 – 2011.

Cheers - Peg

Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
2830 Shelter Island Dr.
San Diego, CA 92106
Cell:  (619) 301-8589

Posted via email from RealtorPeg

Median Home Prices thru Dec '09 from Peg

Greetings,

The latest in San Diego SOLD home prices through Dec '09.

For CONDOS, in the 13 different zip codes which I track, the median sold prices look like:

Ø  Compared to 1 mo ago, 54% of zips either went up in market value or stayed essentially the same (within +/-5% market value). Most notable of these was Pacific Beach with a 19% increase over values of the prior month.

Ø  Compared to 2 mos ago, the market value of 46% are still either at a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. Top dog in this category is Linda Vista with a 96% increase in the market value of 2 mos ago. And, 15% have shown an increase or stayed the same in market value for 2 mos straight.

Ø  Compared to 1 year ago, we have 39% with a market value either higher in market value or essentially the same (within +/-5%) as 1 yr ago. Leading the 1 yr category is Linda Vista with 23% increase over values of 1 yr ago.

For HOUSES in the 18 different zip codes which I track, the median sold prices look like:  

Ø  Compared to 1 mo ago, 50% of our zips either went up in market value or stayed essentially the same (within +/-5% market value). Bay Park/Old Town  leads this pack with a 20% increase over values of the prior month!

Ø  Compared to 2 mos ago, again, the market value of 45% are still either a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. Point Loma had a 19% increase in the market value over those of 2 mos ago.  And, 28% of zips have shown an increase or stayed the same in market value for the past 2 mos straight.

Ø  Compared to 1 year ago, we now have 72% with a market value either higher in market value or essentially the same (within +/-5%) compared to 1 yr ago. Here we have Bay Park/Old Town shows a 16% increase over market values of 1 yr ago.

To summarize:  We are still seeing an slight RISE IN PRICES THIS WINTER over both the 1 month and 2 month periods in almost 1/2 or more of our zip codes, not quite as dramatic as in Oct & Nov, but still a noticeable change. The slight slowdown from the pace of Oct & Nov in part can be attributed to the glut of people hoping to close escrow by the end of Oct to qualify for the federal $8000 credit program and, in Nov, we have folks who did not quite make the Oct deadline but were no doubt quite relieved that the program was extended! 

These sales that were seen in Dec are really the telling story about where we stand with real estate recovery in San Diego since these sales are not so heavily influenced by the $8000 credit program. That is why we say, in Dec we are still showing some signs of recovery at a steady, albeit a distinctly slower pace. Most economists who I have heard/read specializing in real estate, are saying that 2010 & 2011 will continue this trend of monthly ups & downs but also will still have a basic very gentle, upward trend.  Then in 2012, they perdict we will see definite upward movement in real estate values more closely resembling a “normal” market. One of the criteria they use for this projection are the number of loans scheduled to "reset" the monthly payment in 2010 & 2011 to create a higher monthly payment for the homeowner thus putting them at risk for default and forclosure. The number of loans scheduled to “reset” in 2012 is known to be significantly less than the number scheduled for 2010 – 2011.

Cheers - Peg

Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
2830 Shelter Island Dr.
San Diego, CA 92106
Cell:  (619) 301-8589

Posted via email from RealtorPeg

San Diego County Leads Region in Home-Price Gains

County leads region in home-price gains

Pace of sales, compared with ’08, also increasing

Wednesday, January 20, 2010 at 12:02 a.m.

 

San Diego County, with a 10 percent increase, led Southern California in home price improvement last month, although Los Angeles had the highest sales growth on a year-over-year basis, MDA DataQuick reported yesterday.

Overall, the six-county region had a 4 percent increase in median price, rising from $278,000 in December 2008 to $289,000 last month. It was the first year-over-year improvement since summer 2007. The one exception was the Inland Empire, where prices in Riverside and San Bernardino counties were lower in December than a year earlier.

Sales were up 12.1 percent regionally, while San Diego, as earlier reported, was up 9.8 percent and Los Angeles was up 31.3 percent.

Kelly Cunningham, senior economist at National University’s Institute for Policy Research in San Diego, said the coastal counties typically fare better than the Inland Empire because of the historic preference for living near the beach and the lack of new development in the nearly built-out coastal zone.

“It’s somewhat encouraging that things are picking up,” he said.

During the mid-2000s boom, many San Diego workers fled to southern Riverside County to take advantage of lower prices for bigger homes. With the latest figures, the price gap between San Diego and Riverside grew from $91,000 in December 2008 to $134,000 last month. But Cunningham said San Diego workers looking to buy may still find it more affordable and tolerable — at least for now — to stay local than to endure the hour-plus commute.

“At some point, I think it will turn around, but we’re not there yet,” he said.

In other findings from DataQuick, the “flipping rate” — resales of homes within three weeks and six months of the initial purchase — was lowest in San Diego County in December at 2.4 percent and highest in San Bernardino County at 3.8 percent. The regional average was 3.1 percent. Cunningham said the lower rate in San Diego County may reflect relatively more investor interest in foreclosure properties elsewhere.

The percentage of resales that had gone through foreclosure in the previous 12 months was 39.6 percent regionally in December, up from 39 percent in November. San Diego’s rate was 35.8 percent last month, up from 32.6 percent in November.

In financing, Southern California buyers typically paid $1,231 per month in mortgages last month, up from $1,207 in November but down from $1,239 a year earlier. Adjustable-rate mortgages accounted for 4.6 percent of home loans, the highest since September 2008 but far below the 51 percent average level since 2000.

Federal Housing Administration-insured loans accounted for 39.6 percent of all home purchase mortgages, up from 39.1 percent in December 2008; 24.9 percent of sales were all-cash deals involving no mortgage, compared with 22 percent a year earlier — another indication of investor interest in foreclosures.

 

Posted via web from RealtorPeg