Category Archives: Solana Beach Real Estate

Pending Home Sales Surge in May

WASHINGTON (June 30, 2014) — Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors®. All four regions of the country saw increases in pending sales, with the Northeast and West experiencing the largest gains.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 6.1 percent to 103.9 in May from 97.9 in April, but still remains 5.2 percent below May 2013 (109.6). May’s 6.1 percent increase was the largest month-over-month gain since April 2010 (9.6 percent), when first-time home buyers rushed to sign purchase contracts before a popular tax credit program ended.

Lawrence Yun, NAR chief economist, expects improving home sales in the second half of the year. “Sales should exceed an annual pace of five million homes in some of the upcoming months behind favorable mortgage rates, more inventory and improved job creation,” he said. “However, second-half sales growth won’t be enough to compensate for the sluggish first quarter and will likely fall below last year’s total.”

Beautiful San Diego Beach Sunset

Beautiful San Diego Beach Sunset

Despite the positive gains in signed contracts last month, Yun cautions that affordability and access to credit is still an area of concern for first-time home buyers, who accounted for only 27 percent of existing-home sales1 in May and typically carry student loan debt and lower credit scores.

“The flourishing stock market the last few years has propelled sales in the higher price brackets, while sales for homes under $250,000 are 10 percent behind last year’s pace. Meanwhile, apartment rents are expected to rise 8 percent cumulatively over the next two years because of tight availability,” said Yun. “Solid income growth and a slight easing in underwriting standards are needed to encourage first-time buyer participation, especially as renting becomes less affordable.”

The PHSI in the Northeast jumped 8.8 percent to 86.3 in May, and is now 0.2 percent above a year ago. In the Midwest the index rose 6.3 percent to 105.4 in May, but is still 6.6 percent below May 2013.

Pending home sales in the South advanced 4.4 percent to an index of 117.0 in May, and is 2.9 percent below a year ago. The index in the West rose 7.6 percent in May to 95.4, but remains 11.1 percent below May 2013.

Yun expects existing-homes sales to be down 2.8 percent this year to 4.95 million, compared to 5.1 million sales of existing homes in 2013. The national median existing-home price is projected to grow between 5 and 6 percent this year and in the range of 4 to 5 percent in 2015.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

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person-change-life1May first-time home buyers data is from a monthly survey for NAR’s Realtors® Confidence Index.
*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population.

NOTE:  Existing-home sales for June will be reported July 22, the next Pending Home Sales Index will be July 28; release times are 10:00 a.m. EDT.

Article Courtesy of

Solana Beach Real Estate

Solana Beach Real Estate

Solana Beach Real EstateSolana Beach is a coastal city located 20 miles north of San Diego.  This six-mile city was incorporated in 1986 and primarily a residential community.  Although located in the heart of the prime growth area of North San Diego County, Solana Beach still offers some undeveloped residential, business and light industrial properties.

Lomas Santa Fe, a golf residential development, is located here and offers homes and condominiums built around beautiful rolling, green fairways.

There are two miles of sandy public beaches for swimming, surfing and fishing.  Condominium complexes and well-kept contemporary single-family homes are available; prices vary.  Solana Beach Elementary District provides elementary education and the San Dieguito Union High School District provides junior high and high school education.  The Del Mar branch of Mira Costa Community College is nearby.

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San Diego Beach Communities

San Diego is famous for our pristine beaches, laid back atmosphere and friendly people. More than 70 miles of beautiful blue oceans and average of 150 days of sunshine year-around. You can enjoy the surf and sand almost every day! For tourists and local people alike, our San Diego beaches are a magical place to spend time with family and friends. We also rank in the top 10 sunniest US cities. I live in Carlsbad and can personally say this is Nirvana! So grab your beach towels, slather on the sunscreen, and see why we are called “America’s Finest City”.


Carlsbad Real Estate

Ah Carlsbad
Carlsbad, a coastal incorporated city, is located 35 miles north of downtown San Diego. Bordered by the San Dieguito area to the south, Vista and San Marcos to the east and Oceanside to the north, the city’s ideal location and scenery make it an enviable residential location. There are 7 miles of beaches, resorts and spas. Architectural styles range from turn-of-the-century homes that add to the charm of this Danish village to large, dramatic ocean-view homes. La Costa, located on Carlsbad’s southern border, offers beautiful ocean and lagoon views, with newer single-family homes and condos. The city is also home to a 450-seat Cultural Arts Center. Elementary, junior high and high school education is provided by the Carlsbad Unified School District, ranked among the top in the county. The community is also served by distinguished private and parochial schools, including the internally renowned Army and Navy Academy. Here is an up-to-date snapshot of the San Diego Real Estate market trends. Search for all Carlsbad Real Estate.



Cardiff Real Estate

Cardiff By The Sea Homes, Cardiff Real Estate, San Diego Homes, Beach Homes in San Diego, Cardiff Real Estate Agent, Carlsbad REALTOR



Cardiff-by-the-Sea, is typically known as Cardiff. This is an Encinitas Real Estate community that borders Solana Beach. Please use my free Cardiff Real Estate alert to receive all active Cardiff Real Estate listings. Cardiff Reef is a hot surf spot in Cardiff and has great waves for all levels of surfers. The Reef is one of the top surfing locations in San Diego. Cardiff Reef and close by surf spot, the Pipes, are well known for their glassy and consistent waves. At low tide, a flat rock reef is disclosed that extends 50 backyards from the beach. Discovering Cardiff tide swimming pools is a great place for tourists and locals alike.




Encinitas Real Estate

Encinitas Real Estate, San Elijo Lagoon, Photo Courtesy of Brett Shoaf, san diego homes


Located north Del Mar and south of Carlsbad, enjoying easy access to I-5, lies the coastal community of Encinitas. Set along rolling hills, the city is comprised of small beach communities. In 1986, the communities of Encinitas, Cardiff-by-the-Sea, Olivenhain and Leucadia were incorporated as the City of Encinitas. In recent years, Encinitas has experienced rapid residential and commercial growth. Vacant lots in coastal Encinitas are rare. The area has fewer residents per square mile than most San Diego beach communities. Inland, new residential neighborhoods are booming. There are several beach parks, including Moonlight and Leucadia Beach, for water sports and scuba diving. Swami’s Beach is ideal for surfing. I can set up a VIP email that will give you all the new Encinitas Real Estate listings as they come on the market.



Olivenhain Real Estate

Olivenhain Real Estate



Olivenhain, settled originally by German immigrants, retains the feeling of a quaint European country village, complete with narrow, tree-shaded lanes and street signs painted white with red numbers and letters.  Residents celebrate a German festival each spring with plenty of music, bratwurst, sauerkraut and imported beer. Casual country ambiance prevails in established Encinitas neighborhoods where many residents own horses.  New construction represents large estate properties with water views.  Condominium and apartment complexes are also available.



Rancho Santa Fe Real Estate

Cowgirl and brown horseRancho Santa Fe is located 35 miles north of San Diego and six miles inland from the Pacific Ocean. Known as one of San Diego’s most prestigious communities, Rancho Santa Fe has a population less than 5,000 residents that preserves the area’s elegant, serene, and rural atmosphere. The Santa Fe lifestyle is maintained by a property owners’ Protective Covenant. The average home price in this exclusive community is $2.7 million. Most homes are set back from picturesque roads that meander around the village center. Horses are a major activity on the Ranch; 36 miles of equestrian trails have been developed. The beautiful and challenging golf course, available to members and guests, was originally built in 1929. Near the golf course, the tennis club maintains excellent courts for year-round use. Rancho Santa Fe is one of the few communities to provide protective rights for horse owners. Located on the grounds is an 11-acre riding club. Rancho Santa Fe is located near all San Diego’s local colleges. San Luis Rey Hospital and Scripps Memorial are located in nearby Encinitas. Fairbanks Ranch, just south of the riverbed from Rancho Santa Fe, was originally owned by Douglas Fairbanks, Jr., and Mary Pickford. Today, this private community stands on rolling hills surrounded by spectacular Southern California landscaping to offer residents both privacy and a serene environment. An architectural board ensures that the original high standards and charm of the community is maintained. Residents enjoy easy access to Rancho Santa Fe’s town center and educational facilities.

Del Mar Real Estate

Del-Mar-Homes-Racetrack resized“Where the surf meets the turf,” a one-of-a-kind seaside residential community located 18 miles north of downtown San Diego. Two of the most appealing factors for residents are Del Mar’s size and proximity to the ocean. The incorporated Del Mar is just 2.3 miles long and has retained a charming village atmosphere. Del Mar real estate lots are very private, with mature vegetation and spectacular ocean views. The area features some of Southern California’s most distinctive architectural designs. The beaches in Del Mar offer excellent recreational opportunities. Residents are only minutes away from many different waterside activities, ranging from quiet beach side picnics to fast and exciting waters ports such as surfing.  Torrey Pines State Park, which is found on Del Mar’s southern border, offers a variety of beaches as well as hiking trails and a golf course. Thoroughbreds race at the Del Mar Racetrack every summer from July to September. The Del Mar School District provides elementary school education and San Dieguito Union High School provides junior high and high school education. The satellite campus of Mira Costa Community College is located in Del Mar and the University of California, San Diego, is located in La Jolla.

La Jolla Real Estate

Cherie Young, La Jolla REALTORLa Jolla has long been regarded as one of the most prestigious communities in the United States. Built along a jagged and spectacular coastline, complete with coves and inlets, the city offers breathtaking views of the Pacific Ocean and white sand beaches. Architectural styles are diverse, featuring a charming mix of Mediterranean, Spanish, English Tudor and California contemporary. Most residential neighborhoods are well-established with little new construction. La Jolla is home to the University of California, San Diego, the Scripps Clinic and Research Foundation, the Scripps Institute of Oceanography and the Salk Institute for Biological Studies. The La Jolla Museum of Contemporary Art offers a full schedule of film series, lectures, exhibits and performance events. Seven miles of beaches provide residents with an abundance of water sports. Sailing is popular, with San Diego Harbor just minutes away. Snorkelers are attracted to the Underwater State Park which is an ecological preserve. La Jolla is home to the University of California at San Diego, which occupies 1,200 wooded acres above the ocean and has four separate campuses. La Jolla Condos La Jolla Real Estate with Ocean Views

Coronado Real Estate

Coronado Real EstateThe city of Coronado was established in 1888. Victorian, turreted, red-peaked roofs announce the Hotel del Coronado, a world famous resort that has been host to presidents and princes, and serves as the jewel in the Crown City. In 1969 the Coronado Bay Bridge was opened, putting an end to the ferry crossing that had been its legacy since 1885. Connected to the mainland by both the bridge and the Silver Strand, a strip of land with a four-lane highway, Coronado offers exclusive waterfront developments with private backyard boat slips and docks. Coronado condos prevail as the housing of choice in new communities. Established Spanish-style Coronado homes are available in the village which includes downtown, around the hotel grounds and the surrounding area. Most Coronado real estate properties enjoy spectacular views. The Coronado School District serves students and is one of the highest rated in the state. Transportation includes bus service every 30 minutes to San Diego, and the ferry still operates between downtown San Diego and Coronado. Here is a link to Coronado Real Estate homes and condos that offer OCEAN VIEWS.