Lund Team Journal - Market Updates & Education

Live Music in North County San Diego This Summer

North County San Diego is alive with the sound of music almost all the time, and we’re not just talking about your neighbor’s teenage garage band! There are some insanely talented established and new musical acts around just about any corner. Here are some to get you started, but you’ll definitely want to hang onto this list and add more as you find them.

The Landings at Carlsbad

Do you have friends flying in to visit you? Plan on lingering at the airport after they get their luggage. You can treat them to super delicious cuisine at The Landings at Carlsbad airport lounge while you watch aircraft take off and land. On Wednesday through Sunday, enjoy live music from bands like Heart of Leo, Jim Gibson, and 40 Proof.

Carlsbad TGIF Concerts in…

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4th Of July Fireworks in North County

Residents of North County San Diego are just about as patriotic as they come, so there’s no shortage of places to watch 4th of July fireworks. The only question that needs to be answered is where the perfect spot is for you and your friends and loved one. We went ahead and dug up some possibilities, so get ready for lift off when the red rockets glare and the sky lights up with America’s finest symbol of freedom.

Legoland

Can you imagine the look on your kids’ faces when you tell them you’re going to Legoland to watch the fireworks on Independence Day in North County San Diego? For a family with youngsters in tow, there’s no better place to bond. They call it Red, White and BOOM!, but we’re calling it solid family fun, and we recommend you check…

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Great Opportunity for North County San Diego Businesses!

You have probably heard it said that the three most important words in real estate are “local, local, local”. At The Lund Team, we know this to be true. What many fail to realize, however, is that when the term “local” is used, it should refer to much more than just the houses in a neighborhood or city. In the North County San Diego area, we know that “local” refers to not only the local residents, but the businesses, industries and services that combine to build and maintain our healthy, growing community.

Let The Lund Team Help Market Your Business – for Free!

To help build an even stronger bond between the residents of our area and the businesses that operate here, The Lund Team has come up with an innovative idea with benefits for the entire…

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Lowest Rates Since June 2013

Mortgage rates have plummetted in the past week.  Homeowners who have purchased in the last 18 months should review their personal situation to see if a refinance or purchase makes sense.  

For additional questions on specific rates and terms contact:

Jennifer Lund
Jennifer.lund@CaliberHomeLoans.com
8910 University center lane, suite 265 | San Diego, ca 92122
M: (760) 420-6670 - nmls#925352

As of January 14th:

30 year Jumbo 3.875% with 20% down at NO POINTS 21 day Close Guarantee~!

Conf 30 3.65% 30 yr fxd Conforming: (loan amounts under $417,000) APR 3.8%

Conf 30 HB 3.75% High Balance 3o yr fxd (loan amounts up to $546,250) APR 3.919%

Conf 15 3.0% Conforming 15 yr fxd APR 3.36%

FHA & VA 30 3.5% 30 yr fxd APR 3.52%

Conv. and Gov’t. Loan…

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Short Sale Forgiveness Working To Pass At State Level - California Bill SB 30

Press Release from C.A.R:

"Forgiveness Debt Relief Act, which will for one more year exempt the taxation of mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale or loan modification (including any principal reduction).

However, the California exemption expired at the end of 2012, so forgiven mortgage debt is considered taxable state income for now.  A C.A.R.-sponsored bill, SB 30 (Calderon, D-Montebello), passed out of the Senate Governance & Finance Committee this week by a 6-to-0 vote. 

C.A.R. applauds the committee for approving SB 30 with no dissenting votes, and hopes the Legislature will send this measure to Gov. Brown for his signature into law as soon as possible.  Homeowners who are considering a…

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Scarce Sellers, Bullish Buyers

This is the October 2012 article for the Carlsbad Business Journal.  -Tyson Lund

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Fewer homes for sale amidst falling mortgage rates has left North County San Diego’s real estate market in a temporary seller’s market.  A 'sellers market' is defined as a time period when buyer demand for housing exceeds available supply.  A sellers market gives those selling property an opportunity to secure a higher price, sell faster and/or negotiate superior terms than compared to recent comparable sales.   And although only a fraction of the strength of the extreme sellers market 2004-2005 and possibly only temporary, the current sellers market is being confirmed with several key metrics used daily by real estate practitioners..  

Experienced…

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Carlsbad And Encinitas Home Sales

We here at The Lund Team continually look at the ever-changing reams of data for home sales in North San Diego County. Personally, what I find most interesting is the ever shrinking number of REO property during 2012. REO means real estate owned and is an acronym for a foreclosure home.  Short sale homes continue to be a significant part of the coastal real estate market.  find out what a short sale is here.

Carlsbad and Encinitas By The Numbers

For the following zip codes: (92007,92008,92009,92010,92011,92013,92018,92023,92024)

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Short Sale and Foreclosure - Carlsbad, Encinitas, Cardiff

Home many short Sales, foreclosure homes and resale homes make up the coastal market?

We have many clients that are curious about foreclosure & Short Sales - and how much they make up of the current market.  The numbers below are for a 12 month period.  Below, you can see REO property is currently shrinking and short-sale home increasing.  This is due to more people short-selling as opposed to letting the bank foreclose.  Resale homes, or traditional homes, still make up a majority of the marketplace on the coast. (Want more info? Contact Tyson Lund)

For the following cities: (Carlsbad, Encinitas, Cardiff)

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Carlsbad Condo Market Report - April Update

Carlsbad condominium and town home sales are robust in 2012.  Carlsbad saw an average 50 units sell a month in April versus an average of 25 in 4th quarter 2011.  The results of continued low mortgage rates and reduced inventory, Carlsbad condo's are securing 98% of asking price with the average 2 bedroom, 2 bath 1,400 sq.ft. condo selling for $324,000. Average time on market is around 51 days for traditional sale property, a time that has moved down from 55 days in previous months.  Average sale prices have remained relatively unchanged since 2011. Similar to single family homes, condos are become more scarce in 2012.  Month(s) of sellable inventory for condos in Carlsbad is 2.2 months. Search Carlsbad Condo and townhome properties for sale

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Carlsbad Market Summary - 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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