Moving against the tide in the San Diego real estate, Keller Williams Carmel Valley increased San Diego homes sales by 24% in 2011.The brokerage is betting on continued growth with a million dollar investment in a two-story 10,000 square foot office building at the corner of High Bluff and Del Mar Heights Road in Carmel Valley, zip code 92130.
San Diego, CA - While other San Diego real estate brokers are cutting staff and closing offices, Keller Williams Carmel Valley Realtors are expanding in 2012.The company is completing a million dollar renovation to the office building on the corner of Del Mar Heights Road, at 12780 High Bluff Drive, San Diego, CA 92130.The Realtors will be open for business at the new location on February 1, 2012.
The highly upgraded and extremely visible office complex will be home to 198 San Diego real estate agents, and likely more in the near future.In only six years, Keller Williams Carmel Valley has worked its way from a startup to a market leader in the North County San Diego real estate market.
“Keller Williams Carmel Valley has grown largely by word of mouth as people hear about the excellent San Diego real estate services that the agents provide.Now with the new building and signage on the most highly trafficked street in zip code 92130, Keller Williams will become a Carmel Valley real estate icon,” says Realtor Geoffrey Schiering.
In 2011 the Keller Williams Carmel Valley Realtors completed 647 sales of homes in San Diego County (433 houses and 214 condominiums and town homes).This was an increase in volume of 24% over 2010, when the brokerage completed 522 San Diego home sales (321 houses and 201 condos and townhomes).During the same 12-month period, the total volume of San Diego homes sold county-wide actually declined by 2%.
“The San Diego homes sales statistics are a reflection of a larger picture. Keller Williams Realty is growing internationally because the company has an ethical belief system that supports and encourages its agents to build careers worth having and lives worth living. Keller Williams is attracting the best real estate agents in San Diego and in most other markets too,” says Schiering.
Keller Williams is now the second largest real estate brokerage in the United States, and is on track to reach the number one position in the next twelve months.
It’s no coincidence that the owner of the Keller Williams Carmel Valley office, Chris Heller, has been hired as President of KW Worldwide at Keller Williams Realty International, based in Austin, Texas.Mr. Heller is charged with expanding the KW franchise to Europe, Asia, Australia, Central America and South America.And judging by his past success in the San Diego real estate market, the world is going to be seeing a lot of Keller Williams Realty signs with “Sold” signs on top.
Geoffrey Schiering (J.D./M.B.A. Broker/Realtor). San Diego homes sale leader since 1999. Specializing in San Diego luxury homes transactions in La Jolla, Del Mar, Carmel Valley and Rancho Santa Fe. The Schiering Team provides world-class service to buyers and sellers of houses, condos, and investment properties throughout San Diego County. Call 619-200-7612
The San Diego real estate market was very active in 2011. Twenty one thousand two hundred and sixty six San Diego houses sold during the year, an increase of about one percent over 2010. Here is an excellent blog post from the top Keller Williams Realtors that gives the year-end summary: San Diego real estate (2011 Market Snapshot).
With the number of San Diego houses sold in 2011 up over the prior year, clearly there is strong demand at current prices. The average prices of San Diego homes sold in 2011 declined slightly during the year, but this can be at least partially attributed to the increase in the number of Short Sales. The average price of a three bedroom, three bathroom house with an average of 2,035 square feet was $483,670 in 2001, down from around $516,000 in 2010, a decrease of around six percent. But the number of short sales increased by more than 20 percent, from 4,072 short sales in 2010 to 4,913 short sales in 2011.
Market times for San Diego homes sales increased from an average of 66 days in 2010 to an average of 76 days in 2011. Again, this increase can be almost entirely explained by the increase in the number of San Diego short sales. Short sales take much longer to complete than traditional equity sales. In 2011, houses in San Diego that were sold in short sales were on the market for an average of 150 days, more than twice the average of non-short sale properties. The length of time to complete the short sales, combined with the uncertainty as to whether the short sales will be approved by the mortgagor at all, explains the lower sales prices of short sale homes. But for those who are not in a hurry to buy, short sales are an excellent opportunity to buy real estate at below-market prices.
Interest rates remain at extremely low levels, with 30 year fixed mortgages available in the 4% to 5% range. The low interest rates combined with the the steeply reduced prices has made homes in San Diego more affordable than they have been in decades. The rental market is tight, and rents in the area have skyrocketed over the past three years. Savvy investors are snapping up San Diego houses with positive cash flow, and are poised to make large equity gains in the future.
Luxury homes in San Diego are continuing to see some downward price pressure. The jumbo loan market has returned, but loan guidelines are strict, and the upper-end home buyers have been slow to return to the market. But the reduced prices of San Diego luxury homes did begin to attract upscale buyers in 2011, and we expect that trend to continue in 2012. Overall, the outlook for San Diego real estate in 2012 is extremely bright.
Happy New Year!
Geoffrey Schiering (J.D./M.B.A. Broker/Realtor). San Diego homes sale leader since 1999. Specializing in San Diego luxury homes transactions in La Jolla, Del Mar, Carmel Valley and Rancho Santa Fe. The Schiering Team provides world-class service to buyers and sellers of houses, condos, and investment properties throughout San Diego County. Call 619-200-7612
Here's an amazing home in Solana Beach house with wide open views of the Lomas Santa Fe Country Club golf course.... The owners have a golf cart in the garage that they ride around the corner to the country club. The home has a 1,600 square foot deck that overlooks the 10th green and the 11th tee of the golf course. Truly exceptional views! This is a large single-story home. It is ideal for golfers or for anyone who wants to be near Solana Beach in an upscale neighborhood, just outside of Rancho Santa Fe. There are very few single-story houses in the area, especially on such a highly desirable cul-de-sac street with wide-open views! It is an exceptional value by San Diego real estate standards! Contact me for details. Geoffrey Schiering at Keller Williams Realty (619) 200-7612.
Geoffrey Schiering (J.D./M.B.A. Broker/Realtor). San Diego homes sale leader since 1999. Specializing in San Diego luxury homes transactions in La Jolla, Del Mar, Carmel Valley and Rancho Santa Fe. The Schiering Team provides world-class service to buyers and sellers of houses, condos, and investment properties throughout San Diego County. Call 619-200-7612
Here's an amazing home in Solana Beach with wide open views of the Lomas Santa Fe Country Club golf course.... A new listing that the clients asked to keep off the MLS for the first month or so...
This is a large single-story home. There are very few single-story houses in the area, especially on such a highly desirable cul-de-sac street with wide-open views!
Contact me for details. Geoffrey Schiering at Keller Williams Realty (619) 200-7612.
<div><br /><b>To get updates on open home dates and other property events, please click the "Like" button below:</b><br /><br /><iframe src="http://listings.realbird.com/fblike.aspx?href=http%253A%252F%252Flistings.realbird.com%252FD9C4F3B5%252F125887.aspx&layout=standard&show_faces=true&width=300&action=like&font&colorscheme=light&height=80" scrolling="no" frameborder="0" style="border:none; overflow:hidden; width:300px; height:80px;" allowTransparency="true"></iframe></div>
</td> </tr> </table> </td> </tr> </table> </div>
<hr size="1" style="color: #EFEFEF" /> <table style="width: 100%; text-align: left;"> <tr> <td style="width: auto; text-align: left;" valign="top" align="left"><img src="http://www.realbird.com/Files/Photos/D9C4F3B5.jpg?634508250117667500" border="0" alt="Anne-Marie & Geoffrey Schiering: The Schiering Team at Keller Williams Realty" id="member_photo" /><br /><br /></td> <td style="width: 100%; padding-left: 10px;" valign="top" align="left"> <span style="font-weight: bold;">Anne-Marie & Geoffrey Schiering: The Schiering Team at Keller Williams Realty</span> <div style="font-weight: normal"><br>San Diego Real Estate Professionals at Keller Williams<br />(619) 200-7612<br /><a href="mailto:homes@sdrealtypros.com">homes@sdrealtypros.com</a><br /><a href="http://www.sdrealtypros.com" target="_blank">http://www.sdrealtypros.com</a><br /><br /><a class='nohover' rel='nofollow' title='Meet us on ActiveRain' href='http://activerain.com/blogs/sandiegobroker' target='_blank'><img src='http://listings.realbird.com/3rd/icons/social/activerain.gif' border='0' /></a> <a class='nohover' rel='nofollow' title='Follow us on Twitter' href='http://twitter.com/LaJollaHomesPro' target='_blank'><img src='http://listings.realbird.com/3rd/icons/social/twitter.png' border='0' /></a> <a class='nohover' rel='nofollow' title='Connect on Facebook' href='http://www.facebook.com/profile.php?id=272196785012' target='_blank'><img src='http://listings.realbird.com/3rd/icons/social/facebook.png' border='0' /></a> <a class='nohover' rel='nofollow' title='See our videos on YouTube' href='http://www.youtube.com/user/SanDiegoLuxuryHomes' target='_blank'><img src='http://listings.realbird.com/3rd/icons/social/youtube.png' border='0' /></a> <a class='nohover' rel='nofollow' title='See our Trulia profile' href='http://www.trulia.com/profile/san_diego_real_estate/' target='_blank'><img src='http://listings.realbird.com/3rd/icons/social/trulia.png' border='0' /></a> <a class='nohover' rel='nofollow' title='See our Zillow profile' href='http://www.Zillow.com/profile/San-Diego-Realty-Pro/' target='_blank'><img src='http://listings.realbird.com/3rd/icons/social/Zillow.png' border='0' /></a> <a class='nohover' rel='nofollow' title='See our LinkedIn profile' href='http://www.linkedin.com/in/geoffreyschiering/' target='_blank'><img src='http://listings.realbird.com/3rd/icons/social/linkedin.png' border='0' /></a> <div style="clear:both"></div> <br /><br />Listed by: Keller Williams Realty<br /><br /></div></td> </tr> </table>
<table width="100%" style="text-align: left;"> <tr> <td valign="top" align="left"> <span style="font-size: 14px;"><b>Our recent listings</b></span> <div> <a href="http://listings.realbird.com/D9C4F3B5/125887.aspx" target="_blank">Golf Course View! Lomas Santa Fe Estates</a><br/><a href="http://listings.realbird.com/D9C4F3B5/118165.aspx" target="_blank">Princess Del Cerro. Renovated Beauty!!!</a><br/><a href="http://listings.realbird.com/D9C4F3B5/108001.aspx" target="_blank">Perfect Town Home In Poway!</a><br/><a href="http://listings.realbird.com/D9C4F3B5/108073.aspx" target="_blank">Amazing Mediterranean Estate at The Trails in Rancho Bernardo!</a><br/><a href="http://listings.realbird.com/D9C4F3B5/66264.aspx" target="_blank">The Crosby At Rancho Santa Fe - Premier Luxury Home Building Site - San Diego, CA</a><br/></div> <br /> <table> <tr> <td> <img src="http://listings.realbird.com/3rd/icons/rss/feed-icon-16x16.png" /> </td> <td> <a href="http://www.realbird.com/feed.aspx?f=rss&id=D9C4F3B5" target="_blank">Subscribe to our listing feed</a> </td> </tr> </table> </td> </tr> </table>
Geoffrey Schiering (J.D./M.B.A. Broker/Realtor). San Diego homes sale leader since 1999. Specializing in San Diego luxury homes transactions in La Jolla, Del Mar, Carmel Valley and Rancho Santa Fe. The Schiering Team provides world-class service to buyers and sellers of houses, condos, and investment properties throughout San Diego County. Call 619-200-7612
Looking for the perfect home for sale in San Diego? Here's a clean, renovated, move-in-ready house in Del Cerro, San Diego 92120. The sellers are entertaining offers in the range $549,000 to $589,000. Great price for this clean, updated house in the highly-desirable Princess Del Cerro neighborhood! Why mess with run-down San Diego foreclosure properties when these sellers have done all the work and are willing to sell at a great price!?!? Contact the San Diego Real Estate Pros at 800-955-6463 for additional details or to schedule a showing.
Geoffrey Schiering (J.D./M.B.A. Broker/Realtor). San Diego homes sale leader since 1999. Specializing in San Diego luxury homes transactions in La Jolla, Del Mar, Carmel Valley and Rancho Santa Fe. The Schiering Team provides world-class service to buyers and sellers of houses, condos, and investment properties throughout San Diego County. Call 619-200-7612
This house for sale in The Trails at Rancho Bernardo is one of the most beautifulluxury homes in San Diego, and at a great price!
The delightful Mediterranean estate was custom designed and built for relaxation, elegance, and entertaining. The home features 6 bedrooms, 5 full bedrooms, and 2 half bathrooms. The dramatic front entry features soaring ceilings and tall arched windows, giving a warm, light, and bright ambiance. The house exudes elegance.
Downstairs, the large formal living room has rounded walls surrounded by giant windows and 20 to 25 foot ceilings. The windows throughout the home were designed to take advantage of the spectacular views from every room.
A large office suite downstairs is beautifully decorated with boxed-wood ceilings, rich wood walls and bookshelves. The office suite has its own full bathroom and closet. It can easily be used as a bedroom, guest suite, or a formal office, library, or study.
The gourmet kitchen is open to the family room, providing the ever-popular great room feeling to the main living area. The kitchen and family room have a long wall of windows to take full advantage of the gorgeous mountain vistas.
A long winding stairway leads from the foyer to the primary bedrooms and master bedroom suite. Each bedroom is very spacious, with plenty of room for beds, furniture, and sitting area. The master bedroom has warm fireplace, sitting area, and luxurious master bath with double shower, jacuzzi tub, and large walk-in closet.The poolside guest suite has an additional large bedroom, full bathroom, and kitchenette. The guest suite adds approximately 400 square feet to the size of the home, bringing the total square footage of living area closer to 7,000 square feet.
The resort-like back yard has a sparkling pool and spa, plus a large grassy lawn, and play area, surrounded by gardens and fruit trees. There is maximum privacy pooside. And again, with supreme panoramic views of mountains and the beautiful natural surroundings.
Approximately 1,000 square feet of covered patio space is ideal for outdoor living. This is one of the must-seehouses in San Diego!
See video below for more details on this amazing luxury house!
Geoffrey Schiering (J.D./M.B.A. Broker/Realtor). San Diego homes sale leader since 1999. Specializing in San Diego luxury homes transactions in La Jolla, Del Mar, Carmel Valley and Rancho Santa Fe. The Schiering Team provides world-class service to buyers and sellers of houses, condos, and investment properties throughout San Diego County. Call 619-200-7612
Geoffrey Schiering (J.D./M.B.A. Broker/Realtor). San Diego homes sale leader since 1999. Specializing in San Diego luxury homes transactions in La Jolla, Del Mar, Carmel Valley and Rancho Santa Fe. The Schiering Team provides world-class service to buyers and sellers of houses, condos, and investment properties throughout San Diego County. Call 619-200-7612
Geoffrey Schiering (J.D./M.B.A. Broker/Realtor). San Diego homes sale leader since 1999. Specializing in San Diego luxury homes transactions in La Jolla, Del Mar, Carmel Valley and Rancho Santa Fe. The Schiering Team provides world-class service to buyers and sellers of houses, condos, and investment properties throughout San Diego County. Call 619-200-7612
Geoffrey Schiering (J.D./M.B.A. Broker/Realtor). San Diego homes sale leader since 1999. Specializing in San Diego luxury homes transactions in La Jolla, Del Mar, Carmel Valley and Rancho Santa Fe. The Schiering Team provides world-class service to buyers and sellers of houses, condos, and investment properties throughout San Diego County. Call 619-200-7612
Buying and sellingforeclosure properties can mean quick profits. Foreclosed homes in San Diego and throughout the U.S. are typically sold at prices from 15% to 40% below market value. So buying foreclosures can bring instant equity to a real estate investment. The amount of the discount depends upon the nature and timing of the purchase. But opportunities to invest, fix and flip foreclosed houses, town homes, and condos exist at every step of the process.
Foreclosed homes in San Diego can be purchased at trustees sales. These are auctions that are held on the steps of the county courthouse. Buyers at foreclosure auctions can realize the greatest savings and upside potential. But the auction process is generally too risky and cumbersome for individual home owners. Typical buyers at trustee sales are investment companies and partnerships that intend to fix and flip the homes at a profit. Buyers must be prepared to thoroughly investigate the condition of the properties prior to the auction, and monitor the properties right up to the time that the gavel falls. And payment at the auctions must be made by cashier checks at the close of the auction. This requires a degree of liquidity that most individuals do not have.
Investors who buy homes at San Diego foreclosure auctions frequently intend to make improvements to the property and offer the homes for immediate resale. But there are potential pitfalls to avoid with flipping properties. First, even if a buyer is willing to buy at the new price, appraisers may be skeptical of the higher sale price. A low appraisal can make it impossible for the next buyer to get a loan. So the listing agent of the property must be prepared with information to support the higher value. Data on recent sales of comparable homes as well as receipts for improvements to the property prior to the flip are critical in this regard.
Also in regard to the new buyer's loan, it makes a difference whether the new loan is conventional (20% down payment) or an FHA loan. Until recently, it was nearly impossible for a buyer to get an FHA loan on a property that had been purchased at foreclosure and flipped in less than 90 days. More recent FHA guidelines allow short-term flips, but competent handling by an experienced loan officer is important. For properties that are being flipped in less than 90 days, questions include: 1) As a flip, was it a true conversion with structural, internal repairs, and upgrades, or was it merely a "coat of paint" conversion? 2) Is the agreed upon purchase price more than 20% greater than the investor's purchase value? 3) Has the property been bought/sold more than once during the 90-day period?
For FHA loans on properties that are being flipped in less than 90 days, if the purchase price is 20% or higher than the prior purchase price, FHA will require two appraisals by FHA appraisers. FHA will also require a home inspection by an FHA inspector selected by the lender (not by the buyer). If there has been more than one sale/purchase in the 90-day period, the FHA is unlikely to approve the loan. Otherwise, subject to the two satisfactory FHA appraisals and the FHA physical inspection, an FHA loan is likely to be approved.
Contact the San Diego real estate professionals, the Schiering Team at Keller Williams Realty, for additional information about flipping San Diego foreclosure properties.
Geoffrey Schiering (J.D./M.B.A. Broker/Realtor). San Diego homes sale leader since 1999. Specializing in San Diego luxury homes transactions in La Jolla, Del Mar, Carmel Valley and Rancho Santa Fe. The Schiering Team provides world-class service to buyers and sellers of houses, condos, and investment properties throughout San Diego County. Call 619-200-7612
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
;)
;)
;)
