Market Update: June 13th, 2011

Carlsbad's 92011 is experiencing higher levels of inventory that both seller's and buyers should take notice.  With over 125 homes for sale and 17 homes selling per month, the area has roughly 7 months of available homes to sell.  The average home in Carlsbad's 92011 is larger and more expensive than elsewhere in the city at 2,500 sq.ft for $700,000.

At the Lund Team, we take notice of how many homes there are to sell in select market areas.  The 92011 makes up Aviara, Poinsettia Park, West-I5, Water's End, Bay Collection - a number of very different communities.  

When inventory levels rise, we take notice as it means more competition. The average inventory levels in other areas of the city is between 4 and 5…

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836 Luminara Way, San Marcos, Ca  92078 video tour

Model quality home near $500k for almost 2,500 sq. ft.  Bank's ready to look at offers now that the first party feel out of escrow.  We have a handful of offers the first week on this one.  Please give us a ring to discuss 760.438.0800

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2841 Cottingham Street, Oceanside CA 92054

Just got the list price - $324,900 for almost 2200 sq. ft. Bank Owned!  Turnkey opportunity in Mesa Pines neighborhood of Oceanside. Fresh paint. New Carpet. New Appliances and More. Spacious rear Yard. Elevated lot with Views. Open Floorplan. Fireplace in Living Area. Community Pool.

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Just got this from our BofA lender...

BofA is buying the market on non conforming/jumbos...great news for us as we gear up for the reduction of high balance conforming loan limits in a few months.
30 Year fixed Purchase Loans 
4.5% Conforming: (loan amounts under $417,000) $253.34 per $50K (Calculate at $50,000 increments to figure P&I pymts on 30yr.)
4.625% High Balance Conforming (loan amounts between $417,000 and $697,500)  $257.07 per $50K
4.875% Jumbo (loan amounts over $697,500)  $264.60 per $50K
4.5% FHA/VA $253.34 per $50K
15 Year fixed
3.75% Conforming $363.61.98 per $50K
3.875% High Balance Conforming $366.72 per $50K
1 Unit   4.625%
3-4 Unit 4.75%
Condo 5.0%

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Carlton, Tyson, Jennifer and baby Abigail stand with Valin Brown, CEO of Carlsbad Education Foundation.  The Lund Team has donated every year of the Kid's Are Worth A Million campaign.  The event raises money for Carlsbad schools and education. 

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4 Bedroom + 2 Optional, 4.5 Bath and Approx. 4,262

The Jewel of Rolling Hills. Stunning upgrades.  Gourmet kitchen complete with stainless steel appliances. Rich wood cabinets. Stone floors. Plush carpet. Custom built-ins. Multiple fireplaces.  Full bed and bath down stairs. Spacious loft area upstairs and retreat off master bedrooms. Amazing mountain views.  Lot backs to open space. Huge (all usable) lot.  Community club house, pool, spa, and play area.

Video Tour...

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