July 2005 Newsletter Headlines

 

Local market continues to stabilize as prices set new records.
Year-over-year price appreciation down in the single-digits for third month in a row.
Inventory continues to grow in most areas.
Some areas still experiencing shortages of homes, especially beach areas.

For the full report with charts & graphs, and our predictions for this year,
go to http://dennissmith.rereport.com/market_reports

Local News for Buyers
The inventory has increased from last year so it is easier to find the right home. Multiple offers are still showing up on some new listings if they are priced correctly, or in areas with a shortage of homes for sale.

Number of re-sale houses & condos available in San Diego County is increasing. We are now at 12,204 on 7/11/05. The number of properties going into escrow is also increasing.

Higher inventory in many areas is giving buyers time to look around. Buyers do not have to make an immediate decision on a property unless it is new on the market and/or priced right. The market is still gaining in price but not as much as in pervious years.

The key to future price increases is in the interest rate. We have had a wonderful long run of historically low interest rates. This has allowed prices to rise and yet the home payment has remained relatively level. The lenders are continually developing many new programs that allow buyers to get into homes that they would not have been able to buy previously.
Call me to get started now at 760-436-0087.

Here is what I can do for you, the buyer:
http://sandiegohomes4u.com/Home_Buyer_Services.htm

Please call me or see my site at:
http://www.sandiegohomes4u.com/MLS_Search.htm

Should you Buy Now or Wait? That depends on your cash position.
For a full report, see my recent article at:
http://sandiegohomes4u.com/buy_now_or_wait.htm

Local News for Sellers
The market has slowed and the incredible appreciation we have seen over the past two years appears to have leveled off. If you price your home in anticipation of 2-3% appreciation a month, it will be sitting there a long time. Market time is increasing. Many sellers are reducing their prices in realization of the need to be competitive, in light of the increasing inventory. The number of buyer showings is down in many areas.

We are about even between a buyers and a sellers market. It is expected to stay that way as long as interest rates climb slowly and stay below 7%.

Where we go from here depends on inventory levels and interest rates. Right now, inventory is up, which gives buyers more time to compare your home to others. It is also causing the marketing time to increase by 50% over last year. Some areas are going up in price and a few are flat or going down in price.

Call me to discuss:

Our Guarantees to You

Please see the Sellers Handbook at
http://sandiegohomes4u.com/WelcomeHomeSeller.htm
It also gives you information on my personal philosophy and what others say about my service.
It shows you how I aggressively advertise and promote your property.

This Month's Real Estate Articles
Click on the link to view this additional newsletter full of interesting and useful information that you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month's issue includes topics such as:

Plus much more advice and information.

Daily Real Estate News NEW!

Click here for daily articles in the news about Real Estate.
You may want to bookmark this page for daily reference.

 

Other Information

HOW DOES YOUR HOSPITAL COMPARE?
www.hospitalcompare.hhs.gov/

Moving to a new area -- or just want some intelligence on surrounding hospitals? This tool from the U.S. Department of Health and Human Services will help. Here you can get information on how well the hospitals in your area care for their adult patients with certain serious medical conditions. You can compare the quality of care and get the address, telephone number and other important information for all Medicare-certified hospitals in the United States.

This site shows which of the hospitals you select provide certain important care procedures for conditions such as heart attack, heart failure, or pneumonia. The tools here allow you to compare the delivery of these important procedures. All this, plus valuable check lists to help you know the things to look for when choosing a hospital for the care of important health issues.

To your good health!

TEST YOUR HOME DECORATION PLANS ON LINE
www.benjaminmoore.com

How would you like to see the results of your redecorating without picking up a paint brush? With this great tool you can change the color combinations in your home with a mouse click and if you don't like the looks of your creation just start over and see another masterpiece in two minutes.

This color visualization program allows you to select an exterior home or interior room image from a big pictorial library. You can even import an image of your own home and experiment with colors to your hearts content.

Be careful though -- it's addictive!

Free Real Estate Reports
We have over 20 free reports on buying, selling and more.  To view, click on the link above.

 

BUY OR SELL A HOME WITH ME, USE OUR MOVING TRUCK FREE!
FOR LIFE!
If you have EVER bought or sold a home with us...you can still use it too!
Our Truck is also available for use by Non-Profit & Community Groups.
See a picture on the web site at www.SanDiegoHomes4u.com/home.htm
Some restrictions will apply. Please contact us for more information, or to reserve the truck's use.

Nationwide Realtor Referral Service
Please contact me today if you, or someone you know, wants to buy or sell any home, anywhere.
I have a great network of top Buyers or Sellers agents, Nationwide.

I can help you with New Construction & Condo Conversions
The builder states that I must accompany you on your 1st visit to the development and before you register online, or I can not help you.  Builders make no exceptions to that rule.  There are many advantages to my assistance and it does not cost you anything.  Even if you are just curious, call us first.  We love to show model homes too.

Please, feel welcome to forward this information on to anyone who may be interested.

Thanks for reading,

Sunshine Smith, Realtor
Dennis Smith, SRES, ABR, e-PRO, Realtor

760-436-0087 or toll free at 888-668-9053