Summit Realty

Buyers Ready to Snatch Bargains This Spring

Bargain prices on San Diego real estate combined with low interest rates below 5 percent may bring the San Diego real estate market its busiest spring season in years, economists say.

Distressed sales continue to put downward pressure on San Diego home prices, which may lure more buyers off the fence and ready to snag a deal during the typical prime-time buying season.

Some San Diego home builders are ramping up discounts on new homes as well as boosting commissions to brokers to try to spark more transactions.

Sellers of existing homes also are getting more competitive in pricing their homes.

“After three years of the housing downturn, people are becoming much more realistic in terms of valuing their homes,” says Lawrence Yun, chief economist at the National Association of REALTORS®.

An improved job market with better income potential may also motivate more people to buy, says David Berson of the PMI Group.

“Household formations are also very important,” Berson says. “Kids may have moved back in with their parents, or two people may have moved in together, because of job concerns. Now they can move into their own place.”

While interest rates are sitting comfortably below 5 percent for now (30-year fixed rates averaged 4.76 percent last week), economists warn the attractive low rates won’t last long.

“Few think mortgage rates are going lower,” says Mark Zandi, Moody’s Analytics chief economist. “It’s more likely they will be 6 percent than 4 percent next spring. This lights a fire under buyers.”

Source: “Discounts Expected in Spring Housing Market,” The Wall Street Journal (March 22, 2011)

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2 units up for sale in Pacifica Strand in Oceanside

A rare occurance in the Pacifica Strand condo communityin Oceanside CA. 2 units are currently available for sale in Pacifica Strand Oceanside. One 2br floorplan and one 3br floorplan. Both are clean and updated and they are both traditional sales so there is no fussing with banks or long waiting periods for responses to offers.

Pacifica Strand Oceanside is located west of the 5 freeway at 804 N. The Strand in Oceanside CA 92054. These ocean view condos in Oceanside boast unobstructed panoramic views and are within walking distance to the Oceanside Marina as well as all downtown Oceanside amenities. Enjoy whale watching, bike riding, swimming, boating, and fishing right outside your door!

Pacifica Strand in Oceanside is a 20 unit community built in 1981 that sits “on the sand”. If this community was any closer to the ocean, it would be floating in it! These ocean view condos range in size from 1214sf to 1648sf and feature 1-3br floorplans, most of which are 2 story floorplans. Pacifica Strand condos in Oceanside CA is a gated community with a gated underground parking garage. Each of these Oceanside ocean view condos has 2 dedicated parking spaces and large decks for relaxing. Pacifica Strand HOA dues run about $465 per month and include common area maintenance, exterior building maintenance, limited insurance, sewer, trash pickup, and water.

Contact Travis Breton at 760-470-2752 or at http://sdhomesource.com for a list of available condos for sale in Pacifica Strand or for other Oceanside real estate for sale.

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The Montego Condominiums

The Montego condominiums Oceanside are located at 100 Sportfisher Drive, and is only steps from Oceanside’s white sandy beaches and near both the Oceanside Marina and the site of an approved five square block hotel and gaslamp shopping area to be known as City Mark. All residences enjoy an unobstructed view of the Oceanside pier, white sand and ocean expanse.

There are 11 residences total in The Montego Condominiums building, The Antigua, The St Barths, The Grand Cayman, The St. Andrews, The Martinique, The St. Croix, The Barbados, The St. James, The St. Martin, The Montego Bay, and The Kingston. All of these ocean view condos in Oceanside CA are two or three bedroom floorplans and range in size from approximately 1,634 to 2,415 square feet, not including patio, balcony, and storage areas. Each unit is “smart ready” and features its own laundry room, three parking spaces and a parking – sized or larger enclosed storage unit. Fine finishes for these new Oceanside ocean view condos include Cambrian black granite, Viking appliances, Kohler fixtures, Woodmode-Brookhaven cabinets, and German hardwood floors. Each of The Montego condominiums in Oceanside has 1 or 2 ample sized patio areas where residents can enjoy ocean views and breezes.

New units in The Montego Oceanside CA are currently available. Contact Travis Breton at 760-470-2752 or visit http://sdhomesource.com/oceanside/west-of-the-5/the-montego-condominiums for more information about these ocean view condos in Oceanside CA.

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