Entry Level Homes Becoming Even More Difficult to Find

There is all-but-dried up inventory on the market—and, for buyers at the entry level, any available homes are likely priced out of reach, according to the March Zillow® Real Estate Market Report.

“This year’s home-shopping season is shaping up to be even crazier than last, and, sadly, the group that will have the hardest time is first-time and lower-income homebuyers,” says Dr. Svenja Gudell, chief economist at Zillow. “These buyers will be competing for the few entry-level homes on the market, which are also the ones appreciating the fastest because of extremely high demand.”

Inventory has dwindled down 8.6 percent in the past year, the report shows, and, of the available listings, 51.4 percent are priced in the top tier. By comparison, entry homes make up 21.9 percent of the supply. According to the Zillow Home Value Index (ZHVI), which gauges the median value, prices are up 8 percent year-over-year.

2018 Housing Trends

25 Largest Metros

“One way to take the edge off would be an increase in inventory, but that is easier said than done,” Gudell says. “There are some signals a shift may be coming—construction activity is at its highest point in a decade—but buyers shouldn’t hold their breath.”

According to Gudell, in this feverish market, buyers need a professional at their side.

“Getting preapproved for a mortgage and finding an agent you trust can go a long way in helping buyers act quickly once the right home does become available in this otherwise tight and stressful housing landscape,” says Gudell.

 

The post Drought Intensifies for Starter Supply appeared first on RISMedia.

Brought you San Diego Real Estate Agent and Real Estate Broker, Glen Henderson.  Glen has been a San Diego Realtor for 15 years and has been involved in over 1,000 home sales throughout San Diego County.  Contact him today with any questions at 619-500-3222 or visit Premier Homes at www.MyPremierHomes.com

If you would like to Search Houses for Sale in San Diego, visit www.GreaterSanDiegoAreaHomes.com

Pending Home Sales Strained – March 2018

Will They Break Through?

March’s pending home sales strained, up a paltry 0.4 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). Two of the major regions in the U.S. experienced higher sales, with the Midwest gaining 2.4 percent and the South gaining 2.5 percent, but in the Northeast, sales slipped 5.6 percent, and in the West, slumped 1.1 percent.

“Healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are able to sign contracts because of the lack of choices in inventory,” says Lawrence Yun, chief economist at NAR. “Steady price growth and the swift pace of listings coming off the market are proof that more supply is needed to fully satisfy demand. What continues to hold back sales is the fact that prospective buyers are increasingly having difficulty finding an affordable home to buy.”

According to Yun, any considerable improvement rests on supply.

“Much of the country is enjoying a thriving job market, but buying a home is becoming more expensive,” Yun says. “That is why it is an absolute necessity for there to be a large increase in new and existing homes available for sale in coming months to moderate home price growth. Otherwise, sales will remain stuck in this holding pattern and a growing share of would-be buyers—especially first-time buyers—will be left on the sidelines.”

For more information, please visit www.nar.realtor.

 

The post Pending Home Sales Strained appeared first on RISMedia.

Brought you San Diego Real Estate Agent and Real Estate Broker, Glen Henderson.  Glen has been a San Diego Realtor for 15 years and has been involved in over 1,000 home sales throughout San Diego County.  Contact him today with any questions at 619-500-3222 or visit Premier Homes at www.MyPremierHomes.com

If you would like to Search Houses for Sale in San Diego, visit www.GreaterSanDiegoAreaHomes.com

Rancho Del Rey Home for Sale – 1019 Acero Street, Chula Vista

Stunning Views from this Rancho Del Rey Home for Sale!

1019 Acero Street, Chula Vista CA 91910

Priced on a range of $919,900 to $969,900. This one of a kind home is located on a nearly quarter-acre premium lot in the prestigious “Aragon” development of Rancho Del Rey. You will enjoy panoramic views from Point Loma/Downtown to the mountains. The spacious floor plan features ample natural light, an open family room that opens to the kitchen and a full bedroom/bath on the lower level. Upstairs you will find the large master retreat, complete with a private balcony and large sitting room that has a full closet. (Easily could easily be a 6th bedroom.) The large yard is nicely landscaped with lush lawns and an incredible swimming pool and spa in back. The home features beautiful stone flooring on the lower level, an upgraded kitchen with a large pantry and more. The home also features a large three car attached garage and central A/C. There is no HOA and $147 / Month in Mello-Roos.

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Listing by San Diego Realtor Glen Henderson

Search All San Diego Homes For Sale at GreaterSanDiegoAreaHomes.com

About Rancho Del Rey & Chula Vista:

In 1542, a fleet of three small ships sailed into San Diego Harbor commanded by Juan Rodriquez Cabrillo. These explorations led the Spanish to claim the land. In 1795, Chula Vista became a part of a Spanish land grant known as Rancho del Rey or “The King’s Ranch.” When Mexico formed its own government in 1831, Rancho del Rey became known as Rancho del la Nacion or National Ranch. The ranch encompassed the area now known as National City, Chula Vista, Bonita, Sunnyside and the Sweetwater Valley. Rancho del la Nacion was used by the Spanish as grazing land for their cattle and horses until 1845 when it was granted to John Forster, the son-in-law of Mexican governor Pio Pico. The United States claimed California following the Mexican-American war in 1847 and admitted it as a state in 1850. From then till now, Rancho Del Rey has maintained a homey, comfortable lifestyle – merging many of the pleasant things in Southern California with many of the exciting and uniquely Californian attractions and places to visit. Residents of all ages enjoy both extremes in Rancho Del Ray, California’s one and only “King’s Ranch.”

Because of its many special qualities and enduring charms, homes in Rancho Del Rey sell quickly. Charming first-time buyer and senior homes, executive and luxury estates, recreational properties for active lives and special view properties of all styles and sizes can be found within or near this community.

Rancho Del Rey real estate includes a wide variety of homes for sale, condos for sale, water access properties, active adult communities, hobby farms and executive properties.

Premier Homes TeamSan Diego Real Estate Agents, Cal BRE # 01384181

Stunning Views from this Point Loma Home!

Stunning Views from this Point Loma Home for Sale!

Set atop a quiet street with stunning sit down panoramic views spanning the downtown skyline to the tip of Pt Loma, this spacious private home is an incredible opportunity for either turn-key living or a total transformation! The updated gourmet kitchen is ideally positioned at the heart of the living space, adjoining a breakfast area, den, & opening up to the outdoor entertaining space. Spacious bedrooms, custom upgrades, quality built-ins, plus outstanding natural light throughout.

Homes for Sale in Point Loma

Homes for Sale in Point Loma

Homes for Sale in Point Loma

Homes for Sale in Point Loma

Views spanning from the Downtown Skyline to the tip of Point Loma

Point Loma Homes for Sale

Homes for Sale in Point Loma

Priced at $1,595,000 – This Point Loma Home for Sale features 4 bedrooms, 3 baths, and nearly 2,560 sqft of living space.  Located at  3126 Russell Street, San Diego (Point Loma) CA 92106

 

Contact your Point Loma Realtor, Glen Henderson today to set up a time to tour this amazing home!

If you are searching for Homes for Sale in Point Loma, make sure to visit our site www.greatersandiegoareahomes.com or www.MyPointLoma.com

Coronado Home for Sale! San Diego Coastal Living at its finest!

coronado homes for sale

Homes for Sale in Coronado – Search all homes for Sale Coronado

Coastal Living at its finest! Beautiful custom-built Country Club residence with open, flowing floor plan complete with beautiful hardwood floors, high ceilings and an abundance of natural light.

coronado homes for sale

Homes for Sale in Coronado – Search all homes for Sale Coronado

Finished in 2012, this 4 bedroom, 4.5 bath home (plus office) Coronado home for sale will impress you at entry. From the two story foyer to the spacious, low maintenance backyard, to the gourmet kitchen featuring marble countertops & WOLF appliances – this home has it all. Ideally set for a full-time residence or vacation home.

You can View all Coronado Homes for Sale at:  http://www.greatersandiegoareahomes.com/search/quick/Homes-for-Sale-in-Coronado

 

Contact Your Coronado Realtor, Glen Henderson for more information about this home or others. If you are searching for Homes for Sale in Coronado, make sure to visit our site  www.greatersandiegoareahomes.com

Stunning Home for Sale in Steel Canyon Estates

Stunning Home for Sale in Steel Canyon Estates

13398 Devon Drive, Jamul CA 91935

Stunning Home for Sale in Steele Canyon Estates! 13398 Devon Drive Jamul, CA 91935. If you have been searching for a home for sale on Steele Canyon Golf Course, you do not want to miss this home! http://www.greatersandiegoareahomes.com/listing/detail/65758180/CA/Jamul/13398_Devon_Dr

Pristine property within the exceptional Steele Canyon Estates community best known for their 27-hole championship golf course. The property is introduced with an expansive driveway leading to a 3 car garage. Behind the custom-made front door is a gorgeous entryway with a luxe spiral staircase, and ample natural light. Enjoy entertaining from a gourmet kitchen open to a dining area, and a grand living space. There’s plenty of room for a large gathering with a separate formal room with a fireplace and custom-designed bar area with built-in shelving. The first floor includes a master suite with an office nook and lovely master bathroom with a jetted bathtub and walk-in closet. A large theater loft is situated on the second floor with double doors opening to an expansive deck perched above Vineyard hole number 9 and Canyon hole number 1. A perfect place to celebrate 4th of July fireworks and daily sunsets. The backyard offers a below ground jacuzzi spa with a relaxing waterfall and sweeping golf course and mountain views. With several upgrades throughout and upscale amenities steps away, this property makes for the perfect home.

Search all San Diego Homes for Sale at http://www.greatersandiegoareahomes.com