Real Estate news. All of us are reading the newspapers, magazines, blogs, the internet and watching TV. They have all been telling us about the doom and gloom of what is happening with the real estate market. What they are not saying is many regional markets are still experiencing a large volume of homes under contract. They are reporting on closings, but not on the “pending” sales that will be closing in six to eight weeks. It is actually the pending sales that really shows you what is happening in the real estate market place.

Again it’s price, condition of the home and location of the house that is the large factor in pending sales. Here are some examples of what is happening in Coastal San Diego single family homes arena.

Carlsbad 118 Pending Sales Price Range: $443,900 to $1,700,000

Encinitas 51 Pending Sales Price Range: $500,000 to $2,100,000

Oceanside 225 Pending Sales Price Range: $200,000 to $1,000,000

San Marcos 135 Pending Sales Price Range: $249,000 to $1,300,000

Vista 111 Pending Sales Price Range: $239,000 to $1,300,000

Del Mar 15 Pending Sales Price Range: $869,000 to $3,100,000

Solana Beach 16 Pending Sales Price Range: $815,000 to $1,900,000

Carmel Valley 59 Pending Sales Price Range: $575,000 to $3,900,000

So it’s obvious that we have buyers out there. With interest rates still at an all time low and the new HUD conforming loan limits increase that raises the San Diego – Carlsbad – San Marcos metro area to $697,500, we can expect more activity to come. Borrowers in high cost areas who previously had no recourse except high-cost jumbo loans now have more options. Those with existing high cost loans now can refinance into lower interest rates.

Courtesy of Linda B. Schecner, Realtor with Windermere Exclusive Properties.

If you’ve been sitting on the fence, it’s time to get in the game! For more information please be sure to contact us.

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