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Alan Shafran Real Estate Blog

As of January 2017, average apartment rent in San Diego, CA is $2113.

Rent is more than two times the national average.

Here are some sobering statistics on the average rent in San Diego, California. Below is local Carlsbad area rental prices.

  • Housing costs in general are 102 percent higher than the national average.

  • The overall average rent in San Diego is $2,357 per month in the metro area.

  • A studio will be around $1,350 per month.

  • A one-bedroom apartment can average about $1,552 per month.

  • Two-bedroom apartments average $1,919 per month.

  • The median home value index in the metro area is $534,600.

  • San Diego locals will spend an average of

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San Diego County’s housing market hasn’t fully recovered from the recession, but it is getting close.

Last year, 23 ZIP codes hit new high median home prices, according to real estate tracker CoreLogic. The countywide median in 2016, $490,000, fell just shy of the $500,000 peak reached in 2005 and 2006.

It remained a seller’s market with the average days on market for a home dropping to 33 — 50 percent less than it was 10 years ago. The scarcity of homes was a factor in prices and demand. 

There was a 1.7 month supply of single-family homes in December and 1 month for condos, said the Greater San Diego Association of Realtors. Analysts consider six months of inventory a balanced market because anything lower favors sellers and means fewer

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The 2017 Cost vs. Value report by Remodeling magazine documents the national and regional costs and ROI (return on investment) for 29 popular home improvement projects.

Overall, these 29 improvements paid back 64.3 cents on the dollar in resale value.

What that says to the homeowner is that spending money to sell a home requires research.

The goal of improvements from a seller’s standpoint is to attract buyers and achieve top dollar on a listing. But finding the balance between updates and return isn’t that simple.

In a seller’s market, spending (significant amounts of) money on improvements for resale may not translate to added value. As the tide turns to a buyer’s market in the next year or so, agents will need to carefully track ROI

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Image result for election effect on housing market

 

It’s no secret that our country as a whole has some deep concerns about our current presidential election. It doesn’t matter if you like one of the candidates or dislike them both, everyone seems to have concerns about how this election will impact the economy and the nation.

Before we get into the analysis of how the 2016 presidential election can and will impact the real estate market, let's first mention the elephant in the room. 

Remember the last few presidential elections?

The most recent U.S. presidential elections have been intense, to say the least. The country remains divided in half, so the races have been close and unpredictable. Each time, people have been so worried about the upcoming election that they threatened to go

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You Need an Umbrella When You Don't Know It's Going to Rain

Whether buying a beach house in Miami or cabin in Appalachia, you probably need homeowners insurance — but what kind? While you can skip over hurricane insurance in Appalachia, that’s not a nationwide trend, according to a new study. 

With insurance rates and prices rising on a sharp incline, more homeowners are opting out of policies, according to a new Trulia report.

The vast majority of mortgage lenders require homeowners insurance policies. However, if the homeowner pays off the mortgage in full, they are no longer required to hold a policy — so some simply stop paying for it.

The percentage of homes with insurance policies dropped to 89.2 percent in 2014,

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Image result for buying a home in the fall

Spring and summer usually get all the real estate glory with lofty accolades as the best time to buy a home—and, of course, the busiest. Meanwhile, their seasonal sibling, fall, often gets tossed to the leaf pile by potential buyers who might think autumn is just about haunted houses and turkey dinners rather than house hunting.

But surprise! Fall is not only a great time to buy a home, it might also be the best season to find the perfect property (and not just because you can browse the listings while cupping a pumpkin latte).

1. There’s less competition.

Competition for houses drops off in the fall, a time many people consider to be off-season in real estate. But there are still homes for sale — and in some cases, there’s

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5 Reasons to Sell This Fall | Keeping Current Matters

School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family.

1. Demand is Strong

The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

According to NAR’s latest Existing Home Sales Report, the supply of homes for sale is still under the

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  house offer price

 

Manipulating your home’s selling price will take some work, and usually some money. But time and again, these proven strategies make a big difference in final sales prices. Try a few, then prepare to do a victory dance on the big day you get your offer(s).

Tactic 1: Bite the bullet and make smart upgrades

Yes, overall renovations to your home will nudge up the price, although not always as much as you might hope: According to Remodeling magazine’s 2016 Cost vs. value Report, you’ll get back an average of 64% on whatever upgrades you paid for. But that ROI varies widely based on what type of improvement you do. The most profitable upgrade is—drum roll—insulating your attic. It may not be all that sexy, but you’ll recoup 116.9% of your

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