November Real Estate Market Profile

As a Realtor I am often times asked how our local market is performing. Well, here is the November Market Update that I have prepared so you can get the scoop on whats going on in the 92024 zip code.
(Note, based on single family homes, not including condominiums, townhomes, or manufactured homes.)

Property Sales

November Property sales were 43, up 72.0% from 25 in November of 2011 and 2.4% higher than the 42 sales last month. November 2012 sales were at their highest level compared to November of 2011 and 2010. November YTD sales of 429 are running 30.0% ahead of last year's year-to-date sales of 330.

Prices

The Median Sales Price in November was $715,000, up 10.0% from $650,000 in November of 2011 and down -23.5% from $935,000 last month. The Average Sales Price in November was $858,961, up 9.4% from $784,820 in November 2011 and down -24.3% from $1,135,218 last month. November 2012 ASP was at a mid range compared to November of 2011 and 2012.

Inventory & MSI

The Total Inventory of Properties available for sale as of November was 101, down -16.5% from 121 last month and down -44.8% from 183 in November of last year. November 2012 Inventory was at the lowest level compared to November 2011 and 2010. 

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2012 MSI of 2.3 months was at its lowest level compared with November 2011 and 2010. 

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyers market, a downward trend a move towards more of a Seller's market. The DOM for November was 67, down -8.2% from 73 days last month and down -17.3% from 81 days in November of last year. The November 2012 DOM was at its lowest level compared with November of 2011 and 2010. 

San Diego Holiday Events - 2012

Well everyone, the holiday season has arrived, and there is no shortage of great things to do in our fine city. See below for a list of some great events that are going on around San Diego this month and don't forget to like my Facebook page if you haven't already :)

Happy Holidays!

Balboa Park December Nights, one of the nation's premier holiday festivals, take place for the 35th consecutive year this weekend on December 7-8. The event brings families and friends together to spread some holiday joy and take in the various holiday traditions/cultures from different countries all over the world. 

Visitors can enjoy delicious and diverse food choices, spend some time in the beer/wine garden that includes unique beverages from across the globe, and watch the top-notch musical and dance performances that will be taking place throughout the night. 

Admission is FREE! Visit Balboa Park's website to learn more information about this wonderful event.

The San Diego Bay Parade of Lights is held every year on two consecutive Sundays in December. This year the parade will be held on Sunday, December 9 and the following Sunday, December 16. The event starts with a firework show that begins at 5:30pm and then the parade will start from Shelter Island immediately following the fireworks. 

The parade proceeds from Shelter Island and passes Harbor Island, the Embarcadero, Seaport Village, and Ferry Landing in Coronado. 

For mor information on the San Diego Bay Parade of Lights click here. 

The Hotel Del in Coronado is open for it's Skating by the Sea event. This annual treat is open from now until January 5th from 2pm-5pm and 6pm-9pm daily. There are also weekend and holiday matinee times from 11-1. 

Visit the impressive Hotel Del and witness how they have transformed their Windsor Lawn into an oceanfront outdoor ice-skating rink that overlooks the Pacific Ocean. Grab a hot chocolate and head on over to skate on the beach during sunset... how cool is that?!

Visit the Hotel Del's website for more information. 

The San Diego Botanic Garden, located right here in Encinitas off of Quail Gardens Rd. will be hosting a Garden of Lights from December 8-23 & 26-30 from 5-9pm. 

The botanical garden has been transformed into a bright and cheery winter wonderland displaying over 100,000 shining lights that illuminate the garden for a magical holiday experience. There is live music nightly, from 6-8pm, and weather permitting, they will be bringing in their snow to play and sled in from Dec. 8-13 and 26-30!

For more info, click here. 

Realtor Introduction Video

Check out my video highlighting some of the most fantastic parts of North County. I had a blast shooting this short clip, there will definitely be more to come in the near future. 

$1,000 Cash Giveaway!

My Coldwell Banker office in Encinitas is giving away a $1,000 cash prize this holiday season, and I would love to help put you in the drawing to be the winner! Imagine what an extra $1,000 would do for you this winter, whether you need some extra dough for buying presents or want to take a quick getaway trip during the holidays, this is your chance to fund it! 

Simply download the flyer below and then print it, fill it out, and then send it back to me via email, fax, or snail mail and I will enter you in the contest. It shouldn't take more than 5 minutes of your time...

GOOD LUCK! 

Print me out and send me in!

Photo Friday

Welcome back to Photo Friday! I missed last Friday because I was out of the country sailing, but am back in action this week to show you guys some pictures of Cardiff and it's local landmarks.

Welcome to Cardiff!

Firing Cardiff Reef

The bluff at Pipes Beach/ Cardiff Campgrounds

The infamous Cardiff Kook

Seaside Market Shopping Center

Best breakfast plates in San Diego at Pipes!

Bull Taco overlooking the surf in the campground

Glen Park

Beautiful View of the Cardiff Lagoon

View from inside the Chart House Resturant

Las Olas - Great Mexican food by the beach

October Real Estate Market Profile

A question I am commonly asked as a Realtor is: "What is the condition of our local Encinitas real estate market?" Well, as a response, see below for a "Market Action Report" that I have created for the month of October to illustrate where we stand these days in Encinitas. 

 *(note, the data comes from detached homes only, and does not include condos, or townhomes)

Property Sales

October Property sales were 40, up 60.0% from 25 in October of 2011 and -9.1% lower than the 44 sales last month. October 2012 sales were at their highest level compared to October of 2011 and 2010. October YTD sales of 376 are running 23.7% ahead of last year's year-to-date sales of 304.

Prices

The Median Sales Price in October was $912,500, up 40.1% from $651,200 in October of 2011 and up 30.8% from $697,750 last month. The Average Sales Price in October was $1,059,054, up 36.8% from $774,012 in October of 2011 and up 19.7% from $885,030 last month. October 2012 ASP was at highest level compared to October of 2011 and 2010.

Inventory & MSI

The Total Inventory of Properties available for sale as of October was 107, down -1.8% from 109 last month and down -40.6% from 180 in October of last year. October 2012 Inventory was at the lowest level compared to October of 2011 and 2010.

(A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2012 MSI of 2.7 months was at its lowest level compared with October of 2011 and 2010.)

Leucadia Dining Guide

Despite covering only a small stretch of the greater Highway 101, the Leucadia corridor between La Costa Ave and Encinitas Blvd. has some fantastic restaurants to explore. I will undoubtedly be describing these in more detail in future posts, but for today I will just make a list of some of my favorites.

Breakfast Spots:

• Pannikin - Used to be the Encinitas railroad station, famous for their in-house coffee and home baked pastries. This is a hot-spot for locals and tourists alike, especially on weekends. 
• Robertos - Great breakfast burritos to refuel you after a morning surf.
• Juanitas - Also home to an amazing breakfast burrito.
• Leucadia Donut Shoppe - Go say hi to Tom. They have great donuts and you won't meet a nicer family working anywhere in San Diego.
• Mozy's - If you want to feel extra healthy after eating breakfast, go to Mozy's. The whole place just makes you feel like you are living a cleaner life, not to mention the food is absolutely delectable (I love their use of plantains). 
• A Little Moore Cafe - Old school Leucadia breakfast diner with good vibes. 

Lunch Hideouts:

• Sub Palace - Great, family-owned lunch spot. HUGE sandwiches at a great price, all freshly cut vegetables and a cool Hawaiian-style environment.
• Robertos - Lunch is a great time for some of Encinitas' best carne asada fries. 
• Juanitas - Obviously, burritos are always a solid lunch option.
• Karinas- See Robertos and Juanitas. Mexican food you can't go wrong with!
• Haggos Tacos - Super healthy, locally grown ingredients served out of a food truck. 

Dinner Dates:

• Fish 101 - One of the newer restaurants along the 101, it has already become immensely popular. Try their shrimp po' boy sandwich and their fish dishes with grilled asparagus and other great veggies.
• Le Papagayo - Great live music and wonderful dinner dishes. Great atmosphere and a fun place to go as a date or with the whole family.
• Sake House - SMALL... Make a reservation or get their early. Worth the effort though because they have an immense selection of all types of sake's and their dishes are small but order lots of different ones and you will leave a very very happy person.
• Leucadia Sushi Bar - Sushi on a conveyer belt where you can just take whatever you want and pay at the end. Fun place to go with lots of friends if you want cheaper sushi. 
• Vigiluccis - If I had to pick the most romantic restaurant in Leucadia this would be it. Ask for a table in the "back house" and you will see what I am talking about. Pizza and pasta dishes are their specialties, oh, and wine :)
• Birdhouse Grill - Tasty Turkish cuisine where you can find live belly dancing shows on Friday and Saturday nights. 
• Happy Fish - I like this place a lot, great dinner deals and Beer-Sake-Roll specials. Cool picnic-style seating inside as well as individual tables.
• La Especial Norte - Chicken tortilla soup. Enough said... Go here if you feel like you are getting sick and want to feel a million times better.