San Diego Real Estate News from Bill Brooks May 2018   
  Real Estate News




Bill Brooks
Realtor - CalBRE #00585268

2888 Loker Ave. E., ste 206
Carlsbad, California
619-204-3300


 
When you put your home on the market, it's important to take care of certain details to ensure buyers don't head out the door in disgust. This month's article offers six buyer turnoffs that you need to be aware of.

There are also some great ideas on how to save money at the pump as well as a few tips on how to seasonally transform your home with a fresh spring theme.

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

Bill

In this issue...
San Diego Real Estate Market Update 
San Diego home sales tick up slightly in April.

April home sales saw a slight increase over March, according to housing statistics compiled through the Multiple Listing Service by the Greater San Diego Association of REALTORS®.

Single-family home sales ticked up 4 percent in the past month, and attached properties (condos and townhomes) rose by nearly 3 percent. However, sales for the first four months of the year are still lower than the same period last year by 7 percent.

The median price of single-family homes edged up 1 percent from March to April, now standing at $640,000. That's an increase of more than 8 percent from April of 2017. Condos and townhomes priced rose by 4 percent month over month, and have reached a record high mark of $425,000; that's 10 percent higher than a year ago. All properties taken together, the year-to-date median price of homes in San Diego County is $551,000.

The supply of resale properties on the market edged up slightly, to 1.9 months, with 5 to 6 months being considered a healthy level. Homes were selling in April in an average of only 25 days.

"Low inventory continues to create a competitive situation for buyers," said SDAR President Steve Fraioli. "But higher mortgage interest rates are the reality and the trend, so serious buyers will need to be ready with an offer when the opportunity presents itself."

In April, the zip codes in San Diego County with the most single-family home sales were:

  • 92028 (Fallbrook) with 56
  • 92128 (Rancho Bernardo East) with 52
  • 92057 (Oceanside North) with 50
  • 92130 (Carmel Valley) with 47
  • 92009 (Carlsbad SE) with 47

The most expensive single-family property sold in San Diego County in April was an oceanfront home in Del Mar, built in 2010, with nearly 3,900 square feet, 4 bedrooms, 5 baths, a private courtyard with pool, spa, and built-in barbecue, and a sale price of $18 million.

Beware of Buyer Turn-offs 
Address these common turn-offs so buyers don’t run for the door!

When you put your home on the market, it must appeal to a large cross-section of buyers in order to generate a frenzy of activity.

Buying a home is such an emotional decision that even a seemingly small issue can create a bad impression. Here are six of the top turn-offs you need to know:

  1. Get Out - Make yourself scarce during showings as nothing turns buyers off more than a stalking seller.

  2. Fido & Fluffy - Pets and their associated smells will put many buyers off so relocate them before showings and hide their bed, bones, toys, etc.

  3. Killer Clutter - Buyers want to imagine themselves living in your home but most can’t look past other people's clutter, even if it’s tucked away in closets and cupboards.

  4. Problems Down Below - If your basement’s unfinished, you’ll want to show that it has potential so investigate any signs of moisture and paint the floor white to make it feel more spacious.

  5. Grubby Grout - It's imperative that your entire home remains thoroughly cleaned right down to the inside of your microwave. Neglected personal spaces like bathrooms will have them running for the door!

  6. Forgo the Fish Fry - It's best not to cook fish, bacon or other strong smelling foods while your home's on the market. Always air out your home by opening the windows instead of using artificial scents as some people are allergic.

When you sell your home, your goal is to get the highest price in the shortest amount of time. Sometimes the best way to do that is by focusing on the small stuff. It's definitely worth the effort and the good news is that depersonalizing, decluttering and thoroughly cleaning your home doesn't cost a fortune.

Tips On How to Guzzle Less Gas 
Modifying your driving habits can save you loads at the pump!

Maximizing your vehicle's fuel efficiency will not only save you money but you'll also be doing your bit for the environment! Here are a few tips that'll pay off at the pump:

  1. Turn it Off - Don't idle as it unnecessarily wastes fuel.

  2. Take it In - Regular tune-ups will increase your car's efficiency.

  3. Check & Inflate - Keep your tires inflated to the proper pressure.

  4. Slow Down - Speeding increases fuel consumption by as much as 50%!

  5. Don't Brake Down - Don't constantly jam on your brakes and then rapidly accelerate.

  6. There's an App for That! - Download an app that tracks the cheapest local gas prices.

  7. Lighten Up - Remove unnecessary items from your vehicle as extra weight reduces fuel efficiency.

The best way to save on gas is to keep your car in the driveway, so next time you climb behind the wheel, ask yourself if you can walk there instead. Just a few small changes to your driving habits such as combining errands or carpooling to work will save you a small fortune over time.

Spring Your Home Decor into Action 
Transform and refresh your home now that spring is here!

Spring is a time of renewal so why not bring the season's vitality into your home by making some simple decorating changes. Here are a few ideas that'll help you create a fresh spring feel:

  • Swap out heavy curtains for blinds or sheers.

  • Bring nature inside with a few plants or some fresh cut flowers.

  • Switch your cushion covers to spring shades such as yellows and purples.

Celebrate spring's arrival by bringing a breath of fresh air into your home. Just a few simple changes and a good spring clean can reflect the season’s sunny, fresh energy!



PS Are you overwhelmed by scouring the internet and MLS sites looking for real estate?  Sit back, relax and let me do the work for you!  Just let me know what you're looking for and whenever a listings that matches your criteria hits the market, it'll be automatically flagged and emailed to you!

Bill Brooks and Dr. Mehrad Nazari have been friends and colleagues for more then thirty five years. I want to highly recommend his new book entitled "Enlightened Negotiation".  If you would prefer not to receive our Newsletter, then please opt out by clicking Unsubscribe link below and you will be immediately removed.

Not meant to solicit clients already under contract.