Paul Caparas' Blog: All Categories

I have meaning to do a quick Blog statistic for Poway Real Estate for a while now and I finally found time to do it.  If you are not familiar with Poway's real estate, condo's start in the low $200's and single family homes start in the mid $300's.  Take a look a the these statistics and let me know if you have any questions. 

As of January 13, 2008:

For Detached Homes

# of Detached homes FOR SALE:  170
Average asking price:  $1,040,645
Average Square footage of the home: 2,750
Average # of Bedrooms: 3
Average Days on the market: 86

# of Detached homes PENDING:  27
Average asking price:  $1,063,171
Average Square footage of the home: 2,728
Average # of Bedrooms: 4
Average Days on the market: 65

# of Detached homes SOLD in the last 6…

I'm back.  I have been so busy that I haven't had the time to give you an update in Mira Mesa.  Well here it is.  There's seem to be a rise in foreclosures in Mira Mesa.  In fact, at my office we have about 8 bank owned/foreclosure listings!  So here you go with some great statistics on Mira Mesa Real Estate

As of December 29, 2007:

For Detached Homes

# of Detached homes FOR SALE:  185
Average asking price:  $470,024
Average Square footage of the home: 1,534
Average # of Bedrooms: 3
Average Days on the market: 99

# of Detached homes PENDING:  39
Average asking price:  $448,954
Average Square footage of the home: 1,473
Average # of Bedrooms: 3
Average Days on the market: 80

# of Detached homes SOLD in the last 6 Months:  144
Average…

Here is an update on Mira Mesa's real estate market.  Right now the Mira Mesa market has plenty of Short Sales and Foreclosures for sale.  But what I noticed is that the homes that are well maintained are selling faster than the homes that are about $25,000 less that needs work to be done.  So take a look at these statistics and let me know if you have any questions.

As of November 26, 2007:

For Detached Homes

# of Detached homes FOR SALE:  192
Average asking price:  $485,341
Average Square footage of the home: 1,553
Average # of Bedrooms: 3
Average Days on the market: 100

# of Detached homes PENDING:  38
Average asking price:  $466,560
Average Square footage of the home: 1,606
Average # of Bedrooms: 3
Average Days on the market: 74
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You have choice's when you want to buy a property in Rancho Bernardo.  You can buy a older home or a brand new condo almost at the same price.  You're asking which one to buy.  Well, lets compare.  For the positives on owning a older home, you own the land, have a yard, most likely no H.O.A. (but some communities do have H.O.A) and you can do whatever you want to the house.  For the negatives on owning a older home, its OLD and maintenance on the house can be costly.  Now for  the positives on owning a new condo, it's brand new, you pick the upgrades, brand new beautiful community and no one else lived in it.  For the negatives on owning a new condo, it has a H.O.A. and Mello Roos fees, you don't own the land, not much of a  backyard but just a… Read Full Post

Here is some great information on Rancho Bernardo's real estate with the 92127 zip code.  Now remember Rancho Bernardo's real estate with the 92127 zip code have beautiful new communities such as 4S Ranch, Del Sur and Santaluz!

As of November 14, 2007:

For Detached Homes

# of Detached homes FOR SALE:  237
Average asking price:  $1,604,308
Average Square footage of the home: 3,825
Average # of Bedrooms: 4
Average Days on the market: 93

# of Detached homes PENDING:  51
Average asking price:  $1,015,169
Average Square footage of the home: 3,115
Average # of Bedrooms: 4
Average Days on the market: 54

# of Detached homes SOLD in the last 6 Months:  230
Average asking price:  $1,201,100
Average Square footage of the home: 3,356
Average… Read Full Post

With today's real estate market, pricing you home right is very important.  To price your home right, you must compare what other buyers have already paid for similar properties in your neighborhood.  Use that information and make necessary adjustments for number of bedrooms, square footage, location, condition, amenities and other specific information.  This information will help you price your home right.

Also, here are a few questions to ask yourself when pricing your home:

Is the local market stable, falling or rising?

How many homes are competing against me?

How long have the homes in my neighborhood been on the market?

How well does my home compare to the homes competing against me?

Are my financial needs influencing my price?
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Mira Mesa is probably the best bang for your buck community in San Diego.  You can buy a single family under $450,000 or even a condo under $200,000.  So what about the location you ask...well you are only about 15-20 minutes drive (depending on traffic) to the beaches, downtown, Petco Park, Qualcomm Stadium, San Diego Zoo, Balboa Park and Sea World.  Not only that, the Mira Mesa neighborhood has great restaurants, parks, shopping and convenience stores.  As for schools, Mira Mesa is part of the San Diego school district and about a 15 minute drive to UCSD and a 20 minute drive to SDSU (depending on traffic).

Now lets talk about Mira Mesa Real Estate.  As of today, there are currently 347 resale properties for sale in Mira Mesa.  207 are Detached…

Being a Realtor going through the ups and downs of San Diego's Real Estate market has been interesting.  When I first started my Real Estate career in 2003, I can put a house on the market and literally get 10 offers in 7 days. And when I was working with buyers, we were offering $20,000 over the asking price and not get the property. It was amazing.  Wow! how times have changed. I've been doing some research on how long it takes to sell a property and I'm getting about 75 days on the market.  In my opinion, it can be longer.  Some listings could of Expired and then put it back on the market and Sold.  Which really means a longer time on the market.  What's even making it harder for a seller to sell his or her home are Short Sales and Foreclosures. … Read Full Post