La Costa Real Estate Market - View La Costa Real Estate Market Trends in California

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in La Costa. Low rates make a home purchase a great value! Call now for more information at 949-492-6558
Average Home Price	$775,000 - View Graph Trend

Average Price Compared to Last Year	Up 5-10%

Average Time on Market	30-60 days

Best Selling Price Range	$650,000 - $699,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Increasing

Buyers’ or Sellers’ Market	Equal buyers and sellers

Buyer Activity for the past 90 days in La Costa is	Increasing

Seller Activity for the past 90 days in La Costa is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	Short Sale/Pre-foreclosure and Bankowned property are the ones that get 10-30 offers at once and usually sell at full price or over asking price due to all the fanfare. Many buyers donot realize that they end up paying more many times than just a higher purchase price, since these type of properties are sold 'as-is'. The Short Sale/Pre-foreclosures sometime shave hidden costs at the last minute if they make it to close fo escrow, and average a six month wait. Call or email me for more inside information as to what we are seeing within the industry on these type of sales.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	25-30%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	We cannot emphasize enough as a buyr only real estate brokerage, the importance of having full loan approval before starting to look at homes as a buyer. You need to have loan approval to be able to submit an offer and nowadays it takes even more paperwork the lenders demand to approve a loan. we have a great lender to recommend, Tim Rellaford who shops all loan products to find the best rate and terms for you as a buyer. Call or email me for his information.

Housing Inventory	Good supply - Some Prices

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in La Costa! Many buyer see the market stabilizing and that real estate is one of the safest investments for ones future compared to stocks. there are such great buy-in's now that the prices have bottomed in the lower price ranges and the luxury home market we are still seeing price reductions. Call or email me if you would like a private custom search

Nearest Metro Area	Carlsbad

Housing Hot Spots	Most cities within the San Diego County area are considered 'Housing Hotspots' but Carlsbad area of La Costa is home to some of the best Golfcourses at La Costa Resort and Spa and also Aviara. The Village of Carlsbad is not too far from La Costa with quaint shops and art galleries. Beautiful beaches alng Carlsbad shoreline and sweeping Lagoon views are some of La Costa's best features.

Average Sold Price	$775,000 - View Graph Trend

La Costa Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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