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August 25th, 2015

What does $400,000 buy you in San Diego County?

According to the latest figures from SDAR, the current median price (as of August 2015) in San Diego is $555,000 for detached homes and $341,000 for attached homes. House prices rose 9% and 5% for detached and attached homes from a year ago. These prices may put prospective homebuyers off, but the reality is that there are many excellent bargains still to be had all over San Diego.

We wanted to give you a better idea of what $400,000 could buy you in San Diego County so we have put together a summary of what some of the larger communities within San Diego currently have for sale. As you can see you get a lot more for your money in certain areas of San Diego.

 

3615 Monair Dr #A – 3 Bed, 2 Bath, 1,236 square feet – $399,000

Alpine 91909 –  3023 Victoria Drive  – 4 Bed/3 Bath, 2,487 sq ft $400,000

Bay Park – 92110 – Cheapest Active Listing $449,900 – 1121 Eureka St #4– 3 Bed/3 Bath, 1,192 square feet

Cardiff By the Sea – 92007 – Cheapest Active Listing $499,0001430 Caminito Septimo – 3 bed/3 Bath, 1,258 square feet

Carlsbad – 92010 – 2838 Winthrop Ave – 3 Bed/2 Bath, 1,362 square feet $385,000

Carmel Valley – 92130- 12695 Camino Mira Del Mar#123 – 2 Bed/2 Bath, 864 square feet $399,000

Chula Vista – 91911- 1057 Vista Way – 3 Bed/ 2 Bath, 1,025 $397,900

Clariemont – 92117- 3615 Monair Dr #A – 3 Bed, 2 Bath, 1,236 square feet $399,000

Coronado – 92118 – Cheapest Active Listing $447,500 – 1106 4th #2 – Studio, 490 square feet 

4368 Georgia St #5 – 3 Bed/2 Bath, 1,000 square feet – $399,500

Del Mar – 92014 – Cheapest Active Listing $575,0002765 Caminito Eldorado – 3 Bed/3 Bath, 1,380 square feet

Downtown – 92101- 321 10th Ave #1404 – 1 Bed/1 Bath, 671 square feet  $395,000

El Cajon – 92019 – 554 3rd St – 3 Bed/2 Bath, 1,014 square feet $389,000 

Escondid0 – 92025 – 1354 Maple – 3 Bed/ 2 Bath, 1,136 square feet $379,900

Hillcrest – 92103 – 4368 Georgia St #5 – 3 Bed/2 Bath, 1,000 square feet $399,500

Imperial Beach – 91932- 1115 Emory  – 2 Bed/1 Bath 1,045 square feet $399,000

La Jolla – 92037 – 3203 Via Alicante #1 – 2 Bed/2 bath 1,074 square feet $395,000

La Mesa – 91941- 4151 Lois St – 2 Bed/1 Bath, 778 square feet $375,000

Lakeside – 92040 – 10232 Paseo Park – 3 Bed/2 Bath, 1,338 square feet $399,900

4887 Pacific Row #239 – 2 Bed/2 Bath, 1,094 square feet – $399,000

Lemon Grove – 91945- 1860 Primera St – 3 Bed/2 Bath, 1,566 square feet $399,900

Mission Beach – 92109- Cheapest Active Listing $499,900 – 2613 Mission Blvd #9– 1 Bed/1 Bath, 468 square feet

Mission Valley – 92110 – 5745 Friars Rd #107 – 2 bed/2 Bath, 1,120 square feet $379,900

National City -91950 – 2637 Granger – 3 Bed/2 Bath, 1,448 square feet $379,900

Oceanside -92054 – 403 Foussat Road – 3 Bed/2 Bath, 1,000 square feet $379,999

Pacific Beach – 92109 – 4887 Pacific Row #239 – 2 Bed/2 Bath, 1,094 square feet $399,000

Point Loma – 92107 – 3955 Wabaska Dr #9 – 2 Bed/3 Bath, 1,002 square feet 399,900

Poway – 92064 – 13230 Johannesberg # 18 – 3 Bed/ 3 Bath 1,148 square feet $389,000

1002 Iron Wheel – 3 Bed/ 3 Bath, 1,598 square feet – 397,000

Ramona – 92065 – 599 Tag Lane –  3 Bed/3 Bath, 1,516 square feet $385,800

Rancho Sante Fe – 92091 – Cheapest Active Listing $725,000  200 Via Osuna – 3 Bed/ 2 Bath, 1,675 square feet 

San Diego – 92103 – 3200 6th Ave # 3B – 1 Bed/ 1 Bath, 818 square feet $375,000

Santee – 92071 – 1002 Iron Wheel – 3 Bed/ 3 Bath, 1,598 square feet 397,000

Spring Valley  – 91977 – 1624 Highridge Rd – 3 Bed/ 2 Bath, 1,502 square feet $399,000

 

This is just the tip of the iceberg. Feel free to search our website for more bargains or contact us and see how we can make your budget work for you!

Alex Aguilar

is the owner of Team Aguilar real estate in San Diego and your source for everything related to the San Diego Real Estate market. Please subscribe to his updates on Facebook.

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July 22nd, 2015

We Love San Diego – Our Drone Video Over San Diego

Taking more than 6 months to make, this video speaks for itself. Titled We Love San Diego, the video displays many amazing locations throughout San Diego County. The hardest part of creating this was deciding which locations to include and which ones to leave out for the next video. Our goal is to create a new version every year using new footage we have gathered that year.

What was the hardest 3-4 second clip to capture? Definitely the shot of Potato Chip rock. (1:59 of video) I had to load the drone, gear in my backpack, water bottles and hike up Mt Woodson. It was much more challenging than I expected.

Please view and feel free to share with your friends. At the very bottom of this post you will find a summary of all locations in the order they appear in the video.

In addition to the #WeLoveSanDiego video I created a short behind the scenes video to give you a better idea of the work that went into capturing each 3-4 second scene.

 

  1. Lyons Valley Road, Alpine
  2. Rocky Point, La Jolla
  3. Bayview Park, Coronado
  4. Embarcadero, Marina District, Downtown San Diego
  5. Oceanside Pier, Oceanside
  6. Sunset Cliffs, Point Loma
  7. Pedestrian Bridge over the I-5 Freeway looking Southbound
  8. Petco Park, East Village Downtown San Diego – Home of the San Diego Padres
  9. USS Midway Museum, San Diego Harbor
  10. Spreckels Organ Pavilion, Balboa Park
  11. Cabrillo Bridge
  12. Wave Runners at Fiesta Island in Mission Beach
  13. Otay Dam, Eastlake / Chula Vista
  14. Children’s Pool in La Jolla
  15. Flower Fields, Carlsbad
  16. Coronado Bridge
  17. Torrey Pines Beach, La Jolla
  18. The Junípero Serra Museum at Presidio Park
  19. Old Point Loma Lighthouse
  20. San Diego Trolley running through Mission Valley
  21. Qualcomm Stadium, Mission Valley – Home of the San Diego Chargers
  22. Mount Soledad
  23. Giant Dipper Roller Coaster, Mission Beach
  24. Saint Francis Chapel
  25. Clock Tower in the East Village
  26. Potato Chip Rock at Mt Woodson (The Most Difficult Portion of this Video)
  27. Mormon Temple in La Jolla
  28. 7th Street in Del Mar
  29. Hotel Del Coronado
  30. Unconditional Surrender Statue
  31. Fort Rosecrans National Cemetery
  32. Oceanside Pier at Sunset
  33. Sail Bay in Mission Bay with our wonderful agent Vanessa Charfen
  34. Old El Cortez Hotel, now Condo in Downtown San Diego
  35. The Quince Street Bridge
  36. 180° view of Coronado Island
  37. View of Downtown San Diego
  38. Along HWY 79
  39. Carlsbad Surfers

Closing Credits – Team Aguilar Outro Clip

Filmed & Edited by Alex Aguilar – https://www.facebook.com/TheRealAlexA…
Additional Editing by Anwar Halim – https://www.facebook.com/anwar.halim….

Music Stasys Wander – https://www.youtube.com/watch?v=dDPUO…
Filmed with DJI Phanton 2, 2D Gimbal, GoPro Black Hero 3

Alex Aguilar

is the owner of Team Aguilar real estate in San Diego and your source for everything related to the San Diego Real Estate market. Please subscribe to his updates on Facebook.

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March 11th, 2015

2015 San Diego Real Estate Market Update

San Diego Real Estate Market Update

February saw a seasonal slowdown in San Diego’s real estate market with a 36% decrease in detached homes and a 38% decrease in attached homes compared to the previous month. This is nothing out of the ordinary as we slowly emerge from the post-holiday slowdown. Prices saw a slight appreciation in February, around 1% for both detached and attached homes in San Diego.

2014 was the year of stability and normalcy. The housing crisis is behind us and the market is back to normal. Mortgage interest rates dropped again in January and still remain at historically low levels. This should spur home-buying for the summer months.

A lack of inventory remains a problem in San Diego although there are positive signs of this changing. As more and more people start to increase equity in their homes they will be able to move up or some may even take that equity and move down if they are moving towards their golden years. As this happens we will see improvements in housing available for purchase.

It’s still too early to predict where the market will head in 2015, but with foreclosure rates back to normal at less than 1% of all sales home equity will improve and the future looks good.

2015 San Diego Real Estate Market Update

Alex Aguilar

is the owner of Team Aguilar real estate in San Diego and your source for everything related to the San Diego Real Estate market. Please subscribe to his updates on Facebook.

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January 13th, 2015

FHA Mortgage Insurance Premium Cut by 0.5% – You Could Save $900 Annually

FHA Mortgage Insurance Premiums cut by 0.5%A new initiative by the Obama administration will benefit first-time homebuyers who take out FHA loans.  The administration has taken steps to reduce the annual mortgage insurance premiums on FHA loans to 0.85% from the current rate of 1.35% of the loan’s value. This FHA mortgage insurance premium cut of 0.5% will help first-time homebuyers save $900 a year on their mortgage insurance payments.

The Obama administration hopes that the move will provide a boost in home sales to first-time buyers, creating up to 250,000 additional sales over the next three years. Homeowners who refinance their home loans to FHA backed mortgages can also benefit from the rate drops. Administration officials estimate that FHA mortgage insurance premium cut could help up to 800,000 homeowners reduce their monthly insurance payments.

The FHA accounts for one-fifth of all new US mortgages and is a major source of home loans for first-time homebuyers. Since they are government backed, FHA loans carry much lower rates than traditional mortgages and require less hefty down-payments. Buyers with an FHA backed mortgage can purchase a home with as little as 3.5% down. Fannie Mae currently offers mortgages with as little as 3% down to qualifying buyers, but their annual insurance premium rate is currently 1.48% of loan value, which cannot compete with the new FHA premiums of 0.85% of loan value – even with the slightly higher down payment requirements the FHA loans end up being the overall cheaper option for first-time buyers thanks to the FHA mortgage insurance premium cut.

The move to cut insurance premiums comes as part of ongoing efforts by the Obama administration to encourage home ownership by making mortgages more accessible to working families, or as the White House puts it, “expand responsible lending to creditworthy borrowers.” In the months to come White House officials say they plan to take additional steps to “cut red tape and clarify lending standards”.

As usual, Congress remains sharply divided on the role of government initiatives to ease lending to first time buyers. Republican lawmakers were critical of the 0.5% reduction in mortgage insurance premiums, warning of future taxpayer bailouts in the event of borrowers defaulting on their FHA loans.

Mortgage and real estate industry insiders were buoyant at the news, however.  Current president of the Mortgage Bankers Association and former FHA commissioner David Stevens states that the drop in premiums gives “a psychological boost to Realtors, mortgage bankers, and probably a sizable number of homebuyers who are sitting on the fence.”

FHA Mortgage insurance premium cut

Alex Aguilar

is the owner of Team Aguilar real estate in San Diego and your source for everything related to the San Diego Real Estate market. Please subscribe to his updates on Facebook.

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November 23rd, 2014

San Diego Real Estate Market Update November 2014

San Diego Real Estate Market Update November 2014

San Diego’s real estate market could best be described as stable and balanced as we head into Thanksgiving,  in line with the seasonal slowdown the market goes through this time of year. Sales of single family detached homes were up 2.1% while sales of attached homes are down 3.5%. Housing inventory is still below what is required, which is an ongoing problem in real estate markets all over the country.

The average home stays on the market for 45 days before being sold – compare this to the average market times of 6 months just a few years ago.

Market perception is a problem, both among home buyers and Realtors®. Despite interest rates holding at all-time lows, people seem to be under the impression that obtaining financing is still a challenge. According to a Realtor® quoted in this month’s Credit Suisse Realtors® Survey: “Perception that financing is even more difficult than it actually is.” As you can see in the info-graphic below, the lowest mortgage rates in 18 months and flat home prices have not lead to increased sales.

Employment figures have shown constant growth, gasoline prices are at historic lows and steadily rising home values in a stable real estate market have not resulted in a frenzy of buying. As we enter the end of the year it seems that actual market conditions are taking a back-seat to people’s perceptions of where they think the market is. Hopefully this changes soon.

Alex Aguilar

is the owner of Team Aguilar real estate in San Diego and your source for everything related to the San Diego Real Estate market. Please subscribe to his updates on Facebook.

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November 19th, 2014

Snow at Petco Park this Holiday Season

Snow at Petco Park this Holiday Season

Love it or hate it, the holiday season has finally arrived in San Diego. Despite the balmy 70 degree weather, our very own Petco Park will be transformed into a (real!) snow covered winter wonderland starting on December 5th up to Christmas Day.

In what organizers hope will be a new holiday tradition here, the Winter Wonderland festival at Petco Park welcomes kids and adults to a Christmas themed theme park in the heart of downtown San Diego. Winter Wonderland features such attractions as a 15,000 square foot snow hill (made from real snow) for kids to sled and build snowmen on, a real-live reindeer petting zoo and even a miniature polar express train for the little ones to ride on.

Other draws include an interactive Santa’s Workshop, a 40 foot Christmas tree festooned with 16,000 lights and 250 ornaments, and something called Candy Land which I’m sure will feature many holiday themed candy displays for the kids to go wild over.

Away from all the photo-ops with Santa and holiday dioramas adults can get jolly with festive Christmas drinks at the cocktail lounge conveniently located next to the snow hill.

The event starts on December 5th and runs on every weekend until Christmas (it runs all week long on Christmas Eve). Tickets costs $15 for adults and $10 for children (kids under 3 get in free). Parking is available in nearby lots and will set you back about $10.

 

Alex Aguilar

is the owner of Team Aguilar real estate in San Diego and your source for everything related to the San Diego Real Estate market. Please subscribe to his updates on Facebook.

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October 22nd, 2014

San Diego Real Estate Update for October 2014

San Diego Real Estate Update for October 2014

As summer draws to a close all signs point to the San Diego real estate market settling down and reaching a state of equilibrium in October. The median sales price for attached and detached homes are up 6.3% compared to one year ago. Inventory levels have also remained stable, which is a good sign.

San Diego ranked among the top five best performing cities in the latest (July 2014) S&P/Case-Shiller 20-City Home Price Index. The average market time for a home in San Diego is 40 days, which means the average time it takes to sell a home in San Diego is 40 days or less – a remarkable achievement considering that market times of 6 months were the norm just a few years ago.

And there’s potentially more good news for homebuyers down the road! Recent reports indicate that the stringent borrowing requirements for home loans set by Dodd-Frank are set to be reviewed in favor of a more relaxed set of standards. The FDIC, SEC and other regulators are meeting on October 22 to discuss the proposed changes to Dodd-Frank. We will post more details as we get them.

San Diego Real Estate Update for October 2014

Alex Aguilar

is the owner of Team Aguilar real estate in San Diego and your source for everything related to the San Diego Real Estate market. Please subscribe to his updates on Facebook.

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July 10th, 2014

Luxury La Costa Home For Sale

Looking for a Luxury La Costa Home For Sale? Team Aguilar agent Howard Blum just listed this stunning La Costa home for sale. A home perfect for entertaining, relax and enjoy the luxurious lifestyle/comfort in this gated Balearas home at 6837 Citrine Dr, Carlsbad, CA 92009. Feel the ideal, breezy elevation from the backyard and enjoy the views of the La Costa Golf Course and western sunsets. New Solar setup makes this an extremely cost effective proposition! Two sound systems, one in master suite and 1 downstairs to control the ambiance. The Home also comes complete with a jacuzzi! Call Howard at 858-354-4551 with any questions or to schedule a showing!

6837 Citrine Dr Carlsbad CA 92009

6837 Citrine Dr Carlsbad CA 92009

6837 Citrine Dr Carlsbad CA 92009

6837 Citrine Dr Carlsbad CA 92009

Check the link below for more information on 6837 Citrine Dr, Carlsbad, CA 92009

http://www.sandiegoluxuryrealty.com/blog/2014/07/just-listed-home-sale-la-costa

Alex Aguilar

is the owner of Team Aguilar real estate in San Diego and your source for everything related to the San Diego Real Estate market. Please subscribe to his updates on Facebook.

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July 2nd, 2014

4th of July Fireworks in San Diego 2014 Edition

4th of July Fireworks in San Diego – 2014 Edition

We here at Team Aguilar love fireworks and love celebrating our nation’s independence, and we believe you should too! Here is a list of all the fireworks displays scheduled in San Diego. Remember to call in advance before making the trip. All events are free-admission unless otherwise stated – check the event websites listed below for more information. Be safe, enjoy yourselves and have a great fourth of July everybody!

Here are a list of 4th of July Fireworks in San Diego 2014 events:

Read the rest of this entry »

Alex Aguilar

is the owner of Team Aguilar real estate in San Diego and your source for everything related to the San Diego Real Estate market. Please subscribe to his updates on Facebook.

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July 1st, 2014

Downtown 92101 Market Update

A quick update on Downtown San Diego Inventory for sale.

Downtown 92101 Market Update

The Downtown real estate market continues to stay hot. We have not seen anything sell for less than $500 / foot in a few years now. We continue to see an upward swing in value and I would expect it to continue for the next few years. As long as interest rates remain reasonable and we see values in the $500-1,000 square foot continue to see sales and new listings come on line. When you compare San Diego to other international markets values in San Diego are a bargain. Locals may have a difficult time seeing this but that is why so many foreigners are coming in and purchasing property as quickly as they can. It’s a no-brainer and real estate in the United States continues to be one of the safest places to park your money.

 

 

Newest Listings in Downtown

500 HARBOR DRIVE #915

San Diego


500 HARBOR DRIVE #915, San Diego

$ 639,000

1,095
2
2

645 Front #310

San Diego


645 Front #310, San Diego

$ 1,095,000

1,829
3
3

2244 2nd Avenue #21

San Diego


2244 2nd Avenue #21, San Diego

$ 450,000

1,089
2
2

1601 Kettner Blvd #7

San Diego


1601 Kettner Blvd #7, San Diego

$ 374,900

800
1
1

1240 India Street #522

San Diego


1240 India Street #522, San Diego

$ 390,000

772
1
1

1205 Pacific Highway #3306

San Diego


1205 Pacific Highway #3306, San Diego

$ 1,465,000

1,684
3
2

Most Recent Sales in Downtown

1944 State St. #16

San Diego


1944 State St. #16, San Diego

$ 365,000

735
1
1

575 6th Avenue #805

San Diego


575 6th Avenue #805, San Diego

$ 398,500

679
1
1

350 K Street #617

San Diego


350 K Street #617, San Diego

$ 499,000

933
2
2

425 Beech Street #1352

San Diego


425 Beech Street #1352, San Diego

$ 330,000

655
1
1

1970 Columbia Street #407

San Diego


1970 Columbia Street #407, San Diego

$ 367,500

805
2
2

321 10th Avenue #606

San Diego


321 10th Avenue #606, San Diego

$ 379,000

736
1
1

Remember to check back for regular updates as we will always have a Downtown 92101 Market Update posted here every month.

Alex Aguilar

is the owner of Team Aguilar real estate in San Diego and your source for everything related to the San Diego Real Estate market. Please subscribe to his updates on Facebook.

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Team Aguilar Offers Real Estate Services in San Diego and Imperial County California