Tag Archives: homes for sale

San Elijo Hills Real Estate Market Update

San Elijo Hills Market Update

  • 14 homes sold in July 2019
  • 23 homes are pending in escrow
  • The average sales price was $845,000 or $338 per Sq Ft.
  • 42 homes are active on the market or 2.8 months of inventory
  • The average time on the market is 22 days

If you are one of the many San Elijo Hills homeowners considering buying a home this late summer/fall, let’s get together to help you find a house with the potential to be your dream home!

We’re in the back half of the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the predictions are for the remainder of 2019.

Here’s what some of the experts have to say:

Ralph McLaughlin, Deputy Chief Economist for CoreLogic

“We see the cooldown flattening or even reversing course in the coming months and expect the housing market to continue coming into balance. In the meantime, buyers are likely claiming some ground from what has been seller’s territory over the past few years. If mortgage rates stay low, wages continue to grow, and inventory picks up, we can expect the U.S. housing market to further stabilize throughout the remainder of the year.”

Lawrence Yun, Chief Economist at NAR

“We expect the second half of year will be notably better than the first half in terms of home sales, mainly because of lower mortgage rates.”

Freddie Mac

“The drop in mortgage rates continues to stimulate the real estate market and the economy. Home purchase demand is up five percent from a year ago and has noticeably strengthened since the early summer months…The benefit of lower mortgage rates is not only shoring up home sales, but also providing support to homeowner balance sheets via higher monthly cash flow and steadily rising home equity.”

 

Ed Philbrick-Coastal Premier Properties

I have two decades of San Diego real estate experience. I’m committed to helping your family find a safe, solid community home and help you invest for the future. My goal is to earn a five-star review by providing an exceptional experience. I’m not the biggest team in town, but I personally handle your sale or purchase from beginning to end.

Ed Philbrick: REALTOR®
www.hillsandcoast.com
M: 760-496-8134
E: ed@hillsandcoast.com

DRE# 01967137
Coastal Premier Properties DRE# 01861547

Read my 5 Star Reviews 

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March 2019 San Elijo Hills & Old Creek Ranch Market Update

March 2019 San Elijo Hills & Old Creek Ranch Market Update

  • 32 homes sold in March 2019
  • 26 homes are pending in escrow
  • The average sales price was $821,052 or $326 per Sq Ft.
  • 26 homes are active on the market or 1.1months of inventory (March 2018 was 1.3 months of inventory)
  • The average time on the market is 35 days (March 2018 was 8 days)

Last fall, some predicted that the 2019 residential real estate market would be poor. There was even belief we might experience a housing correction like the one that occurred during the last decade.

However, San Elijo Hills/OCR buyer demand dramatically increased over the last three months, leading into this spring buyers market.

If you are one of the many San Elijo Hills homeowners considering buying a home this spring, let’s get together to help you find a house with the potential to be your dream home!

Ed Philbrick-Coastal Premier Properties

Ed Philbrick: REALTOR®
www.hillsandcoast.com
M: 760-496-8134
E: ed@hillsandcoast.com

DRE# 01967137
Coastal Premier Properties DRE# 01861547

Read my 5 Star Reviews 

Ed Philbrick your San Elijo Hills Realtor

Today’s buyers and sellers need a trusted resource that can guide them through the complex world of real estate, who you work with matters. With my extensive local San Elijo Hills knowledge and commitment to providing an exceptional real estate experience to my clients, I’m your go-to source for San Elijo Hills real estate insight, advice, and results. I am the publisher of San Elijo Life and enjoy connecting and building our fantastic community.

Covering North County San Diego from “The Hills to The Coast”

Ed Philbrick: REALTOR®
www.hillsandcoast.com
M: 760-496-8134
E: ed@hillsandcoast.com
3295 Business Park Dr. Suite C, Vista, CA 92081
DRE # 01967137
Coastal Premier Properties DRE # 01861547

 

Ed Philbrick Your Local San Elijo Hills Realtor

Buying or selling a San Elijo Hills home is a huge financial transaction. It’s an emotional one as well. Working with me an individual agent provides you a single contact, someone with whom you can build trust. You never need to worry about your concerns being communicated to other team members. You have one person to call who is keeping track of the entire process. You know when you talk to me, I know what is going on in your transaction or marketing.

You also have one person to hold accountable if a problem arises. There’s no passing the buck when there is no one to pass to. I have a transaction coordinator, marketing support, business coaching and the backing Coastal Premier Properties with 540 Million in real estate sales in San Diego County in 2017 so you get the benefits of a big team with the service of a single local agent.

I have extensive local knowledge and commitment to providing only the best and most timely information to my clients, I’m your go-to source for San Elijo Hills real estate insight and advice.

I have sold, managed, and invested in San Diego County Real Estate for over 20 years. I’m a skilled agent, marketer, and local community volunteer. I am the publisher of San Elijo Life a community website. I also have 20 years of online marketing experience. I have lived and worked in San Elijo Hills for over 14 years with my wife and daughter.

Please let me know if you have any thoughts of buying or selling in 2018

Ed Philbrick

Ed Philbrick: REALTOR®
www.hillsandcoast.com
M: 760-496-8134
E: ed@hillsandcoast.com

DRE# 01967137
Coastal Premier Properties DRE# 01861547

Read my 5 Star Reviews 

 

San Elijo Hills Real Estate Market Update

San Elijo Hills Real Estate Market Report

Only 14 Active homes and condos currently for sale in San Elijo Hills averaging 25 days on the market priced from to $430.000-$2,995,000* (*Home for sale in The Estates)

In October – 11 homes sold in San Elijo Hills with an average sale price of $677,500 and an average of 19 days on the market.

North County San Diego Detached Homes Market Report

Average Sale Price $613,654 +9.8%
Average Market Time 41 Days -10.9%
Inventory 2.3 Months -32.4%
Active Listing 919 -28.3%

Every year at this time, many local homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.

Seven great reasons not to wait:

  1. Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible.
  2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
  3. You can restrict the showings on your home to the times you want it shown. You will remain in control.
  4. Homes show better when decorated for the holidays.
  5. There is less competition for you as a seller right now.

If you’re thinking of selling, whether it’s this Fall/Winter or next year, please let me know! With so little inventory on the market, many buyers are still looking for homes so if it’s the right time for you to make a move now, I’m here to help! If you’re planning to move in the new year, it’s never too early to get started preparing your home for sale.

Happy Thanksgiving!

Ed

Ed Philbrick: REALTOR®
www.hillsandcoast.com
M: 760-496-8134
CalBRE # 0196713
Coastal Premier Properties CalBRE # 01861547

Have Questions? Things You’d Like to See Featured Here? Need a contractor referral?

Contact Me: ed@hillsandcoast.com 

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