2013 San Diego Real Estate Outlook and Market Trends Report

2013 San Diego Real estate outlook and market trends report by Mark Stuart of Prudential California Realty in La Jolla, CA. 

Alan Nevin of The London Group, the leading real estate consulting firm in San Diego, spoke at the Estate Planning Council of San Diego in April offering an illuminating take on what makes our local real estate market tick.  To learn more about homes for sale in your San Diego community, visit http://www.freesandiegosearch.com

 

#1 Again! President's Circle Award, and a Special Guest!

Mark and Karla Stuart named to the prestigious President's Cirle, noting them as one of the top 3% of Prudential real estate agents in the United States.  Additionally, the San Diego Business Journal just announced for the 15th consecutive year that Prudential California Realty is the top brokerage in San Diego.  Plus, watch the video for a special guest appearance?!?!

 

 

2013 January La Jolla Real Estate Market Report and Trends

The 2013 real estate market in La Jolla, CA is finally looking like it will make a strong push upward in 2013 based upon unusually high activity over the holiday season coupled with continuing inventory shortages and heavy buyer demand.  Watch the below video for more details about what market trends I'm currently seeing in the La Jolla real estate market.

If you have any questions, or would like a more detailed demand analysis or area report in your sub-market, give me a call any time at 858-454-8519.

 

 

 

 

Prudential California Realty to become Berkshire Hathaway HomeServices

 

Wow!  No, not that the Chargers actually held on to a lead for the first time in a while, but the fact that Warren Buffett's Berkshire Hathaway thought so much of our company that he bought it!  Furthermore, in the coming months, we will be rebranding to a new name.  Most impressively, for the first time in Berkshire Hathaway's history, it will be lending their iconic name to the new brand.  Though nothing is final yet, our new name will be Berkshire Hathaway HomeServices, or something to that affect. 

Now, if that isn't confidence in the future of real estate in our country, I don't know what is.

Mark Stuart
Prudential California Realty
1299 Prospect Street
La Jolla, CA 92037
p/f-858-454-8519
c-619-913-4653
DRE # 01885334
www.freesandiegosearch.com

 

 

 

What is Cap Rate for an Investment Property?

Mark Stuart of Prudential California Realty discusses how Cap Rate can tell a real estate investment property owner if they operate an efficient property.  Anyone may view a direct feed from the San Diego MLS here to view all available income properties listed for sale.  Simply check the box labeled "investment" when searching!

Also, the La Jolla office of Prudential California Realty was named the #1 office for production in the western United States!  Thank you to everyone who chose to trust us with their real estate needs and to others who have referred business to us.  Thank you for helping us be the best in the west!

 

Best Deal in San Diego Real Estate

If you have talked with me about real estate over the last year or so, you know how much I love the residential income segment of the market right now.  Those properties have been shooting up in value, and the bottom line is pretty terrific considering the cost of borrowing money is less than pre-tax benefit net operating income of a quality property!

However, right now, the best deal in real estate is not any particular property or segment of the market.  The best deal is being a seller!  With record low inventory and a frenzy of buyers trying to take advantage of historic low interest rates, we are now in one piping hot sellers market!

To view all homes for sale in your San Diego neighborhood, visit http://www.freesandiegosearch.com

 

San Diego Income Property Best Deal in Decades

First of all, we need to define exactly what income property is, and what it is not.  Income property maximizes income for real estate investors, and uses area gross rent multiplier and analyzes cap rates to find the correct and most efficient rental property.  It is not buying a house or condo at a good price and subsequently renting it out.

The below video explains in detail how to get paid for borrowing money and an easy way to build passive retirement income, equity, and take advantage of tax depreciation and more by finding the correct income property for you.  It takes a specialist realtor to assist with such a transaction.  Contact me at 858-454-8510 call to discuss the best income property for your situation.

Income property for sale in San Diego may be searched on our website at http://www.freesandiegosearch.com by checking the box below the search pane labeled "investment".

 

Best La Jolla Vacation Rental Service

A few years ago I was in need of a vacation rental property management company for my La Jolla home.  As someone who has experience with short term property management i knew it was paramount to find someone who was firmly focused on the short term market and not a company who did it as a sideline to their longer term business.  Short term rentals are just a different animal and need someone who specializes in this distinct segment...especially considering the value of luxury real estate in La Jolla.

Jonah and Vanessa of Seabreeze Vacation Rentals came to our home to interview for the job.  I was immediately struck by their casual and friendly manner, but was more impressed by how absolutely confident and professional they were with regards to every aspect of their business.

Vacation rentals can be lucrative, but also have the downside of potential over-populating a home, disturbing neighbors with late night parties, increased damage due to heavy traffic of tenants coming and going, etc.  It takes an experienced team to interview potential renters and draft air-tight contracts which are there to protect homeowners from undesirable tenants.  Jonah had all the right answers and was so impressive I didn't need to interview anyone else.  We signed on the spot and it was the best decision we could have made.

From the vacationer's point of view, renting from Seabreeze Vacation Rentals is a no-brainer.  Not only do you have a tremendous selection of homes in one place to choose from (they currently manage more than 50 properties in La Jolla and nearly 70 total including Mission Beach, Pacific Beach, and Del Mar) but you also know you will walk in to a property which is cared for at a very high and consistent standard.  No more tripping around VRBO, tracking down owners, and no risk of showing up at a phantom property and losing your rent money and ruining your vacation.  As an added bonus they offer guests exclusive discounts to local attractions such as Sea World, and special deals at local restaurants too.

For property owners, their fees were in line with the local market, and quite a bit lower than other areas of the country.  I don't want to quote what we paid here because fee structures are different for each client and do change over time.  However, I do know their pricing will be a pleasant surprise to anyone who owns a vacation rental property in a luxury resort or seasonal ski market!

As a local real estate agent who specializes in the La Jolla real estate market I'm often asked for referrals for everything from the best local taco shop to high net worth asset managers.  I feel like I'm relatively well connected to the best La Jolla has to offer.  Whether you are considering renting or placing your home in the vacation rental pool, I can't offer any higher of a recommendation than saying Seabreeze Vacation Rentals and their team are the best in the business.

I'd be interested in hearing your comments and experience with Seabreeze Vacation Rentals in the comment section below.

San Diego Real Estate Market Trends Update April 2012

 

This is your April 2012 San Diego real estate market trends update report for homes priced under 1mm.

 

The San Diego real estate market is in the process of turning over from a buyer's market to a balanced market, and in some cases a seller's market.  Pricing is moving higher both in for sale and sold properties, and inventory levels have been significantly diminished.

For area home sellers, this means you no longer need to dump your price to get noticed by the market.  Home buyers shound begin to feel confident the worst has passed and may expect to see postitive pricing gains going forward.

Real estate is different in every market.  For a no hassle report on what is happening in your neighborhood or to learn about market activity anywhere in San Diego, please give me a call at 858-454-8519.

Mark Stuart, Prudential California Realty

 

Pacific Beach Mission Beach Real Estate Market Report Spring 2012

This is your Spring 2012 Pacific Beach and Mission Beach 92109 real estate market update.  The market right now is all about supply and demand.  Due to the dramatic decrease in available inventory, coupled with increased demand in early 2012, the real estate market is now considered "balanced" and is showing historically normalized returns on investment, increasing in price just over 5% from the first quarter of 2011 to the first quarter of 2012.  This video explains in more detail what both buyers and sellers can expect in our current real estate market, and describes months of inventory.