Monthly Archives: October 2012

Mortgage Interest Rates

by Chad Dannecker

Interest rates play a huge part of the real estate market and  have a major role regarding buyer sentiment.  Mortgage rates in the past few months have been at historic lows which has really helped the San Diego housing market rebound.  Take a look at where rates have been and where do you think they are going to head for 2o13?

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7 Steps to Feng Shui in Your Home

By Rodika Tchi, About.com Guide

Your home consists of so many areas, all very important in terms of feng shui energy, so being clear is always the first step in getting quick results.

These feng shui tips on how to feng shui your home will give you 7 basic steps to create good energy in your home. This is the foundation for more specific feng shui work, be it feng shui for health or feng shui for money.

Our feng shui site has numerous tips to help you out with any feng shui applications – from creating good feng shui in your bedroom to the feng shui of your car. It is important to understand, though, that lasting change can be created only on a solid foundation, this is why I endlessly emphasize the need to have a clutter-free home, a home that is nourished by natural light, fresh air, decor items you love, etc.

Some of my clients achieved very quick results with attracting love, for example, and others took more time. Was it the right feng shui cure in the right feng shui area of the home? Or was it because of a strong intent and clarity in what they want to achieve? It is always a combination of both factors.

So, the simple answer to your question is this: the results of feng shui work will depend on the state of your home, as well as your own state of mind. More often than not, though, this is the same thing, as your home always reflects your state of mind.

When you shift the energy flow in your home, you will always sense a difference. How big of a shift you need in order to manifest the results you are looking for? You can only find out if you keep doing the feng shui work.

In ancient times, feng shui masters were compared to doctors, and for a good reason. As in the field of medicine, some patients recover very quickly, and others take more time. The secret in achieving quick, lasting results with feng shui is in having:

  • Accurate Feng Shui Knowledge
  • Persistence
  • Clear Intent.

Be sure your knowledge of feng shui is accurate; be persistent and clear about your goal and you will sure see good results soon.

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2 Bedroom Condos in Downtown San Diego

By Margaret Irving

If you’re looking to buy a two-bedroom condominium in downtown San Diego, be prepared to spend a minimum of $425,000. The market for low-to-moderately priced downtown condos is tight, with popular 2-bedroom plans few and far between.

In below $400,000 price range your choices will likely be limited to smaller floor plans (800 square feet) and properties that are further away from restaurants, shopping and trendy neighborhoods. If you’re able to pay more than $425,000 you’ll have significantly more choices among two-bedroom condominiums.

Reduced inventory and fierce competition for properties priced under $425,000 have created a “sellers” market downtown, with prices up an average of 9% since last year at this time. A quick search of 2-bedroom homes listed for sale with 1,200 square feet or more shows prices starting at approximately $425,000, with an even wider selection among neighborhoods and floor plans in the $450,000 to $500,000 list price range.

The heavy demand is also affecting values and sales of distressed properties. Foreclosures, short sales and bank-owned properties are now selling closer to market value.

A couple of examples illustrate the limited range of choices available in under-$425,000 market. The first is an attractive 2-bedroom unit for sale in Little Italy’s Acqua Vista development. While this is a recently-remodeled 14th floor unit with bay and city views listed at $299,000, it’s only 824 square feet in size.

Another example is a lovely 12th-floor condo in Smart Corner with 1,029 square feet, a move-in ready beauty listed for sale at $380,000, however, it has a loft-style “open” floor plan, and is located on the far east side of East Village neighborhood by San Diego City College.

CHOICES

Buyers who are willing to invest an additional $100,000, however, will find themselves with many more options, including slightly more upscale homes with spacious floor plans of varying square footage in buildings like Atria, Village Walk and Aria, and in neighborhoods where it’s just a short walk to an array of amenities and attractions, like the FESTA in Little Italy on October 14, 2012.

If you’re interested in a conversation about two-bedroom condos in downtown San Diego, please give me a call (619) 246-8400.

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Greg and Julie Burnham with San Diego Mayoral Candidate Carl Demaio

 

 

Last Thursday evening Julie and I were honored to be invited to attend an informal gathering of a very intimate group where we had the pleasure of meeting Carl Demaio. Paint me cynical if you must, but I was fully expecting to be under-whelmed by “whatever” he may have had to say. With a background in Political Science some might argue that I have perhaps earned a “Right to Cynicism” so to speak… and with Demaio being a “politician” of sorts, he has more than likely stereotypically earned my skepticism. Nothing could have been farther from the truth. Tonight we were pleasantly surprised to find a refreshing departure from the status quo of local political drama. Indeed, Carl Demaio was rather kind to his opponent, opting to discuss the challenges facing San Diego rather than kick the opposition when down. Moreover, the topics discussed this evening were not so much treated as problems, challenges, or even issues — rather, Carl Demaio responded to the questions asked as one looking to exploit opportunities for the benefit of the citizens of San Diego. That’s the kind of forward thinking we need in this community. Perhaps under the leadership of Carl Demaio, San Diego’s colloquial moniker: Americas’s Finest City will be embraced with renewed vigor.

Greg Burnham

 

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“Festa! for the Rest-a-Ya” by Greg Burnham

One of the year’s highlights will take place this weekend in Little Italy. It is called Festa! There will be live entertainment including: a Scilian Swing Quartet band, San Diego’s favorite crooner, David Patrone, and much more. You can enjoy a variety of exquisite food, visit the Little Italy Beer & Wine Garden, attend a Bocce Ball Tournament, and even watch a Stickball Exhibition game. The Old Town Trolley will be providing complimentary shuttle service for the event and will cycle approximately every 15 minutes. Please stop by our Harcourts Pacific Realty office in Little Italy: 1608 India Street for a Little Italy Festa! Entertainment Schedule.

Little Italy is the Northern most district of Downtown San Diego. Its entrance from the south is framed by the historic “Little Italy” sign over India Street. Little Italy is a unique combination of modern high-rises, commercial retail space, and old world culture and history. Its rich European ambience remains from the history of the many Italian families who came to San Diego to make their living in the lucrative Tuna Industry of the last century. The streets, particularly India Street, are replete with bistros, cafes, restaurants, coffee houses, pubs, boutiques and family owned small businesses. You’ll enjoy the many public activities, such as, parades, festivals, including this weekend’s Festa! celebrating Italian Heritage, and the renowned Art Walk.

Little Italy’s character is a unique blend of modern and classic architecture, where an old Victorian or Craftsman style house can be situated adjacent to a modern loft condominium complex that also accommodates an authentic Italian Deli within the ground floor retail space.

Little Italy in Downtown San Diego: Where the old world meets the new.

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Harcourts Pacific Realty Launched

With our merger complete, word is getting out! Below is the article that appeared in the San Diego Union Tribune, and here is a link to the artcile that was on CNBC http://www.cnbc.com/id/49359325.

 

 

Downtown real estate offices merge, join franchise

Written by Lily Leung

       Two local residential real estate companies that were once downtown competitors have merged and joined an industry franchise that has nearly 800 offices in the world, said partners in the deal this week.

Urban Real Estate Services and Realty Connex, both in downtown San Diego, are now part of Harcourts USA, the recent American expansion of Australia-based Harcourts International. The two San Diego firms paid an undisclosed fee to be part of the franchise.

The newly formed company, dubbed Harcourts Pacific Realty, handles residential and commercial deals, as well as property management.

The partnership began when Eric Jones, owner of Urban Real Estate Services, and Suzen Sarko, owner of Realty Connex, recently decided to join their offices and seek out franchising options to grow their business. Sarko learned of Harcourts through one of her agents and her interest was piqued.

Sarko and Jones thought the franchise would be a good ft because of similar philosophies and Harcourts’s focus on customer service.

“The company had the tools, technology and training, and really brought back the opportunity to have fun in the business again,” Jones said.

Both also said joining a franchise with global connections could help their company attract foreign buyers, who aren’t strangers to the San Diego real estate market.

“We can get listings to almost 800 offices,” Jones said.

Harcourts Pacific Realty, the new firm, became official about a month ago. It has roughly 30 employees, but there are plans to hire 10 to 20 more agents, they said. The partners, who also include Sherman D. and Becky Harmer, also plan to expand into North County.

Harcourts currently has 17 U.S. franchises, 15 in California and two in Nevada, said Aaron Hodson, CEO of Harcourts USA. The international firm entered the American market about a year ago. This is its first time entering the metro San Diego market

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