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New Listing in the heart of Linda Vista

Video Tour of 8034 Linda Vista Rd #1H

Charming 2 bedroom 2 bath condo with rarely available large private outdoor space. The open kitchen has been newly updated with granite countertops and custom built pantry. The living room is spacious and inviting with beautiful laminate floors and sliding door that opens up to the spacious backyard complete with artificial grass and designer pavers.

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Video Trailer for 7115 Torrey Mesa Ct

Gorgeous home in Torrey Highlands. This four bedroom + Loft home is in the desirable Poway Unified School District. Live in the heart of San Diego and enjoy everything it has to offer. Close to beaches, parks, hiking/biking trails.

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Torrey Meadows Park is slated to open this fall. While construction is scheduled to wrap up some time this summer, a 90 day maintenance period will begin. Upon completion of the 90 day maintenance period, and acceptance of the park by the Park and Recreation Department, they will hold a grand opening. Unfortunately construction was setback due to the significant amount of rain days we experienced this winter.

Torrey Meadows Park is located on Torrey Meadows drive just behind Westview High School in Torrey Highlands.

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'MERGE 56' has been approved by the Rancho Penasquitos Town Council by a vote of 15-0. They are now working toward getting approval by the City Council which they hope will be in the next 6 months. The Developers hope to have the center open by 2020.

The project will contain residential and commercial use including hotel, office, retail, movie theatre, fitness center and grocery.

Camino Del Sur will be four lanes until it hits the project and then condensed to two lanes to reduce the speed of traffic throughout the center and into Park Village. On the Carmel Mountain Rd Side a round-a-bout will be constructed to prevent people from speeding through the project.

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People always ask me how is the market now compared to the peak of 2006-2007. Well there are a couple things to consider but I think I can break down for you. I’ll begin with my example for Carmel Valley in San Diego. The median home price for a Single Family home in 2007 was $1,000,000. Now for 2015 the Median home price for single family homes in Carmel Valley is 1,050,000.

Now that is about a 5% increase compared to the peak of 2007. But you must keep in mind that interest rates floated around 6.5% in 2007 compared to 4% today. But based on your monthly payments you would actually be paying less for the home overall in 2015 then you were in 2007. Make sense?

Here’s an example:

House in 2007 $1,000,000 – 6.5% Interes...

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The housing market in San Diego should remain strong in 2016. Although Housing prices slipped just slightly this past fall/winter they are still ahead of where they were this time last year.

Here is what others are saying about the San Diego Housing Market:

From City News Service

“Home prices in San Diego dipped 0.3 percent in October from the month before, and rose 6.2 percent over October 2014, according to theStandard & Poor’s Case-Shiller Home Price Indexreleased Tuesday.
Case-Shiller created its indices by taking home prices in 20 large cities in January 2000, assigning them a value of 100, and tracking their subsequent rise and fall.
San Diego’s index stood at 215.75 in October — meaning that home values more than doubled over almost 16 years. The increase is the third fastest in the U.S., behind Los Angeles and San Francisco.
The composite 20-city index was at 182.83 in October, up 0.1 percent for the month and 5.5 percent higher since October 2014.”

Realtor.com
“The 2016 housing market is expected to be a picture of moderate, but solid growth as acceleration in existing home sales and prices both slow to 3 percent year over year due to higher mortgage rates, continuing tight credit standards, and lower affordability. The new construction market will see more significant gains in the coming year as new home starts increase 12 percent year over year and new home sales grow 16 percent year over year. Total sales for existing and new homes will reach 6 million for the first time since 2006, a result of a strong gross domestic product increase of 2.5 percent and continued job creation. These healthy economic indicators will be tempered by lack of access to credit and rising home prices, which will ultimately limit housing demand and growth”

From what I am seeing it seems like 2016 Housing Market will see a stabilizing market with a more modest 3-6% increase in home prices which many would consider a healthy housing market. It would help matters a bit more if we had more inventory but we still may be a year two away from that happening as people get used to the higher interest rate and steadying economy.

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