San Elijo Hills OPEN HOUSE Saturday 1/21, 12:00-3:00
www.hillsandcoast.com
Call or Text: 760-496-8134
E: ed@hillsandcoast.com
Edward Philbrick: REALTOR Lic #01967137
Coastal Premier Properties. Lic #01882160
Tag Archives: homes for sale
San Elijo Hills Summer 2022 Real Estate Market Update
San Elijo Hills Summer 2022 Real Estate Market Update
The average home selling in July 2022 in San Elijo Hills closed for 99% of the listing price, down from 110% in April. Average July market time was 12 days this is down from just 17 days in June and a low of 9 days in January.
The price per square foot in July was $554, down from $739 in May. Currently, only 26 homes for sale in San Elijo Hills, and 7 homes are pending in escrow. With 13 homes selling in July down from 18 homes selling in April.
26 HOMES FOR SALE IN SAN ELIJO HILLS. This link is live and will update as homes come on the market. If you or someone you know is considering making a move, please call/text Ed Philbrick 760 496-8134
2022 San Diego County Real Estate Forecast
The looming recession has buyers on the edge of their seats fully aware that the housing market has slowed considerably. From the flood of online news articles describing the real estate slowdown to the countless YouTube and TikTok videos detailing in only a few minutes how housing is about to crash, many buyers are convinced that the San Diego County housing market is on the brink of collapse. Homes are taking a lot longer to sell. The number of price reductions has surged higher in the past couple of months. As a result, many buyers sit on the sidelines waiting for prices to plunge. They are waiting for a deal, a total bargain.
Just because so many people are jumping to the conclusion that home values must plummet does not make it so. Merely mention a recession and everyone’s collective minds recall the devastating blow to housing during the Great Recession. Instead, homeowners across the country purchased their homes with huge down payments, extremely strong credit scores, money in the bank, and qualified for their mortgages. Buyers over the past many years have not been purchasing homes utilizing subprime loans, pick-a-payment plans, teaser rate adjustable mortgages, or zero down programs. This is not 2005 to 2008 all over again.
Instead, with an Expected Market Time (the time between hammering in the FOR-SALE sign to opening escrow) of 66 days, it is a Slight Seller’s Market (between 60 and 90 days). It is not a Balanced Market (between 90 and 120 days). It is not a Buyer’s Market (over 120 days). The market still lines up in favor of sellers. In fact, in the past two weeks, the Expected Market Time dropped from 67 to 66 days. Surprisingly, the San Diego County housing market got a little hotter. It appears as if this year’s rise in market time has stopped and will remain a Slight Seller’s Market for the remainder of the year. This is due to the active inventory nearing its 2022 peak, rising by only 138 homes in the past couple of weeks, and demand jumping by 5% with rates falling to levels last seen in April.
Curious about the new value of your San Elijo Hills home
Are you curious about the new value of your San Elijo Hills home in this current market? I recommend Homebot to track the value of your home and build more wealth with your home and your real estate investments or vacation home.
760-496-8134 (Call/Text)or Book Consultation Online
www.hillsandcoast.com
E: ed@hillsandcoast.com
Edward Philbrick: REALTOR Lic #01967137
Corcoran Global Living Lic #02109201
San Elijo Hills -Just listed in Crest View
760-496-8134 (Call/Text)or Book Consultation Online
www.hillsandcoast.com
E: ed@hillsandcoast.com
Edward Philbrick: REALTOR Lic #01967137
Corcoran Global Living Lic #02109201
San Elijo Hills Real Estate Market Update-Fall 2021
The average home selling in San Elijo Hills is closing for 102% of the listing price in an average of 46 days this is up from just 18 days in August and a low of 11 days in June 2021.
The price per square foot in September was $475, down from $479 in August. Currently, only 12 active homes are for sale in San Elijo Hills, and 18 homes are pending in escrow. With 19 homes selling in September.
San Elijo Hills is highly sought after for its sense of community, schools, trails, and town center restaurants and shops. The low mortgage rates and historically low inventory of homes for sale make for a classic supply and demand issue.
Check out these great homes in San Elijo Hills – San Diego for Sunday, October 24th. Contact me when you’re ready to start your home search.
If you or someone you know is considering making a move, please call/text at 760 496-8134
760-496-8134 (Call/Text)
www.hillsandcoast.com
E: ed@hillsandcoast.com
Edward Philbrick: REALTOR Lic #01967137
Corcoran Global Living Lic #02109201
San Elijo Hills Real Estate Market Update for July 2021
The average home selling in San Elijo Hills is closing for 108% of the listing price in an average of just 11 days. The price per square foot in June was $480, up from $473 in May. Currently, only 11 active homes for sale in San Elijo Hills, and 28 homes are pending in escrow. With 28 homes selling in June. San Elijo Hills San Elijo Hills is highly sought after for its sense of community, schools, trails, and town center restaurants and shops. Low mortgage rates and historically low inventory of homes for sale make now the time to sell your San Elio Hills Home. Please call or text 760 496-8134, and we can talk about selling your home in this amazing market.
760-496-8134 (Call/Text)
www.hillsandcoast.com
E: ed@hillsandcoast.com
Edward Philbrick: REALTOR Lic #01967137
Corcoran Global Living Lic #02109201
San Elijo Hills January 2021 Real Estate Market Update
San Elijo Hills Market Update
- 14 homes sold in December 2020
- 6 homes are currently pending in escrow
- The average December sales price was $891,000
- Only 7 homes are active on the market
- The average price per square foot is $381
ATTENTION BUYERS: Waiting for the market to get easier for buyers is not the answer. Home values are on the rise and mortgage rates are projected to climb as well. Values are slated to rise between 6 to 8% in San Diego County, and mortgage rates will start the year at record low levels but could reach 3.5% by the end of the year. With rising values and higher rates, payments rise and home affordability will slowly erode. For buyers, waiting is not an option.
ATTENTION SELLERS: Pricing close to a home’s Fair Market Value is fundamental to obtain the highest possible net proceeds. Overpricing in today’s market is not advisable and will only result in fewer showing and fewer offers. The key to tapping into the current Hot Seller’s Market is to take advantage of the hordes of buyers waiting for more homes to hit the market. A realistic price will attract multiple offers and a bidding war will ensue. To become the winning bidder, buyers often stretch above the asking price.
Today’s buyers and sellers need a trusted local 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 and North County real estate insight, advice, and results. I am the publisher of San Elijo Life for 15 years and enjoy connecting and building our fantastic community.
Please let me know how I can safely be of service if you are looking to buy or sell a home.
Covering North County San Diego from “The Hills to The Coast”
www.hillsandcoast.com
M: 760-496-8134
E: ed@hillsandcoast.com
Edward Philbrick: REALTOR Lic #01967137
Corcoran Global Living Lic #02109201
July 2020 San Elijo Hills Real Estate & San Diego County Real Estate Market Update
I hope you’re staying cool and safe and enjoying your Summer. Today in San Diego County and San Elijo Hills, the supply of homes to purchase is low, demand is high, and home values are on the rise. Multiple competitive offers are once again the norm. Homes are quickly going into escrow. And, tight lending qualifications and low rates continue to be the strength of the San Diego housing market.
There were 3,803 closed residential resales in July, 12% more than July 2019, when there were 3,395 closed sales. July marked a 22% increase over June 2020. The sales to list price ratio was 98% for all of San Diego County. Foreclosures accounted for just 0.4% of all closed sales, and 0.5% of all sales were short sales. That means that 99.1% of all sales sellers with equity.
July 2020 San Elijo Hills Real Market:
- 25 sold homes sold in July (11 in April, 6 in May, and 13 in June)
- 15 Active listings in San Elijo Hills
- $347 Median Price per Square foot
- Median Sales Price $965,000
- 98.6% is the average percent of original asking price homes are selling for
Safety-First Listing and Home Sale Strategy. Please reach out for a 15-20 minute Zoom meeting which I will inform you of your home’s value and answer the three most-asked questions I’m getting today:
* How much is my home worth in this market?
* How do you sell homes safely during COVID19?
* How’s the mortgage market right now?
Today’s buyers and sellers need a trusted local 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 and North County real estate insight, advice, and results. I am the publisher of San Elijo Life and enjoy connecting and building our fantastic community.
Please let me know how I can safely be of service if you are looking to buy or sell a home.
Covering North County San Diego from “The Hills to The Coast”
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Edward 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
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.”
“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
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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
Luxury Models Available. Spectacular Views!
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
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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