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After 35 years in real estate in North San Diego County, Richard Eisendrath hasn't lost his enthusiasm for the region he calls home. Nor have clients of Eisendrath Team, his family-run business with offices in Vista and Oceanside.
As might be expected in an office two blocks from Moonlight State Beach in Encinitas, the style is casual at Bell & Associates Realty Group.
Although San Diego has invested billions of dollars in transit-oriented development, the plans don’t resonate at the ground level where communities are reluctant to accept density.
As one of the few real estate professionals specializing in sales at Coronado Shores oceanfront condominiums, Joe Economou is at the top of his game.
Fewer foreclosures mean even fewer houses to sell in a market where there are few homes being built and not enough resales to make a dynamic market, said Nathan Moeder, principal at The London Group.
CARLSBAD -- In 2013, Carlsbad Realtor Greg Moser had his best year since 2006, with almost $6 million in personal sales and 42 escrows closed among him and his four agents.
Solar energy systems have thrown a curveball to real estate professionals who are trying to educate buyers and sellers on leasing versus owning, and match appraisals to the value of the home.
More homebuyers are using social media in the homebuying process, according to the California Association of Realtors (CAR) “2014 Survey of California Home Buyers.”
The countywide vacancy rate for rental units has dropped to 2.8 percent, down from 4.5 percent a year ago, according to the San Diego County Apartment Association’s (SDCAA) latest analysis.
The number of active listings in San Diego County on the Multiple Listing Service surpassed 7,000 for the first time in two years last month, and the median price of a resold single-family home reached $500,000 for the first time since 2007.
Sales of both single-family detached (SFD) and single-family attached (SFA) homes in San Diego County were markedly up in April from March. The HomeDex report from the North San Diego County Association of Realtors showed the number of SFD homes sold in San Diego County increased 13.01 percent in April from March, and the number of SFA homes sold countywide increased 24.68 percent.
The North County coast is returning to a more traditional market, reflecting a change that’s occurring in much of San Diego County, said Garrett Lund, broker for The Lund Team Inc.
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Lack of inventory isn’t the only factor keeping move-up and first-time buyers from entering the housing market — but the math behind their reasoning might not be in their interest.
“Optimism” was the byword of a residential real estate roundtable discussion sponsored by the Greater San Diego Association of Realtors last week at The Daily Transcript offices.
Local real estate professionals took a look back on 2013 while predicting what’s to come in 2014 at a recent roundtable discussion hosted by The Daily Transcript. The biggest change for buyers and sellers in 2014 will be the absence of investors come spring, they said.
Land sales in San Diego’s unincorporated areas indicate a healthy market, while a paradigm shift is causing high-end La Jolla homes to sit on the market.
Low housing inventory seems to be dictating other trends in the market: competition, prices and pocket listings.
The housing market took a turn six months ago with increased demand leading to higher prices and competition for inventory, according to a group of real estate professionals at a roundtable discussion hosted by The Daily Transcript.
Whether it is military downsizing, sequestration or a “fiscal cliff” that is fast approaching, it is already having an impact on commercial real estate.
Underwater borrowers in San Diego County are contributing to pent-up demand resulting from a lack of inventory, which is causing multiple offers on homes and prices to increase slowly, according to local real estate experts at a roundtable discussion hosted by The Daily Transcript and sponsored by the San Diego Association of Realtors.
A limited inventory of houses means the San Diego real estate market can stand to absorb a possible influx of foreclosures, local experts said at recent roundtable discussion at The Daily Transcript sponsored by the San Diego Association of Realtors and North Island Credit Union.
Experts in the residential real estate industry seem to be more upbeat than they were a year ago, but distressed sales and foreclosures continue to drag on the market.
Realtor Ghassan Aboukhater knows how to treat his high-end customers right. The Lebanese native grew up in the hotel business, worked for two Swiss banks, knows several dozen millionaires and billionaires, and speaks French and Arabic.
The current commercial real estate boom has meant good times for builders, developers, buyers and tenants. And lenders are prospering from the turnaround as well. One of the local lenders that has been a consistent supplier of financing is the real estate department of Torrey Pines Bank, which funded $425 million in new loans last year, up from $412 the prior year.
Alex Rojas founded Shore Point Real Estate in February 2012. Opening his own office has allowed Rojas to give back to his Pacific Beach community.
One could say that Tim Wright, senior managing director of HFF in San Diego, has assimilated quite well since coming from the Midwest to Southern California in the late '70s and "feeling like a foreign exchange student" at the University of California, Santa Barbara.
Southern California life may be laid-back, but at the San Diego office of Cresa Corporate Real Estate, the 12 brokers don't do laid-back.
Aug. 11, 2014 -- George Chamberlin and Leslie Kilpatrick, president of the Greater San Diego Association of Realtors, discuss recent decreases in the number of sold listings and median prices of homes in San Diego County.
June 26, 2104 -- George Chamberlin speaks with Leslie Kilpatrick, president of the Greater San Diego Association of Realtors, and Donald Coleman, vice president of real estate member experience for USE Credit Union, about what's happening in the residential real estate market and the role a credit union can play in buying a home.