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January 2012

Found 4 blog entries for January 2012.

Carlsbad and General Market Summary:

Tyson Lund - Broker Associate , The Lund Team, Inc



Active real estate brokers are noticing a shift in the San Diego real estate market.  Many areas of the county are experiencing fewer homes for sale than in previous months. Professionals call this “inventory restriction” and it is having a noticeable affect on our local Carlsbad market.  An increase in the number of home buyer showings per available home.  Average time to sell in the current market for non-short sale property has dropped by 33% to 60 days average market time.  Brokers are finding multiple offers more common on their desirable listings with the seller achieving near 99% of their asking price.  Now although it is much to early to call

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Carlsbad condominium and town home sold values remain unchanged through 2011 and early 2012.  Thanks in part to low mortgage rates and greater affordability, attached property has found a pricing equilibrium.  The average attached sale in Carlsbad between November 2011 and January 2012 remain relatively unchanged from a year prior at $326,000.  Home buyers found with record low mortgage rates (currently below 4% for 30 year fixed rate) the cost of owning a condo / townhome was often equal or better to paying current rents.  Average time on market is around 55 days for traditional sale property.  Short-sale’s are a large part of the attached market in Carlsbad making up 40% of the active inventory.  Short-sales, ever the oxymoron, are averaging

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Spacious 3BR/2BA single story home in established neighborhood. New carpet and fresh interior paint! Formal living room with fireplace. Move-in ready condition with updated kitchen and bathrooms. New kitchen appliances. Attached 2-car garage. Large, private backyard. Oversized view deck with BBQ and fire pit. NO HOA, NO MELLO ROOS!

Listed at $299,900 - Call The Lund Team at 760.438.0800 or email reo@lundteam.com thanks.

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A new product from a Lund Team, inc preferred lender allows a qualified buyer to purchase with as little as ½ of 1%.  That is buying a $400,000 home with $2,000.

If you can say “Yes” to all of the following you qualify for this mortgage:

• Must be an FHA 30 Year Fixed Rate Loan
• 2nd Mortgage not to exceed 3% of the Sales Price
• 2nd Mortgage proceeds can be used for Down Payment or Closing Costs
• Property MUST be Owner-Occupied
• Borrower can not own other properties
• Borrower must meet Income Limitations (call for details) SAN DIEGO $89,880 and Orange County $101,040
• Borrower DOES NOT have to be First Time Buyer
• Minimum FICO Score 620
• Second mortgage is a 15 year fixed rate loan

 

ONE-HALF OF ONE PERCENT DOWN PROGRAM

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The Lund Team

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6114 Innovation Way Carlsbad, CA 92009

CA BRE LIC.#: 01394870

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