“Do I buy a home now or wait for the real estate market to change?”

This is one of the main questions that home buyers are always asking. Although there isn’t a perfect answer, we can tell you that the real estate market is seeing a definite increase in home prices, which means if you wait to buy a home, you will be paying more for it. Home prices have been increasing over the past year. Real estate and economy experts are now projecting that home prices in the United States will appreciate by 5.4% in 2013. Assuming that home prices will rise about the same 5% over the next year, the difference a home buyer would pay if they wait a year is incredible. Below is a chart documenting these figures. As you can see, if you were to wait a year to purchase a home for $700,000, you will be paying an extra $35,000! Don’t wait! Purchase that dream home you’ve always been wanting! That way you aren’t paying more for the same place a year from now.

Ready to buy your dream home in the North County San Diego area? The Daniels Group is here to help with all your real estate needs! Call us today at (858) 361-5561 or email us anytime by clicking here.

The post Home Buyers: Why You Should Buy Now appeared first on The Daniels Group.

We all know that real estate home sales have a positive impact on the overall US economy. But recently, a study came out highlighting just how much of an impact one home sold can have. The National Association of Realtors (NAR) recently analyzed studies done by the Bureau of Economic Analysis, the Census Bureau, Macroeconomic Advisors and the Joint Center for Housing Studies at Harvard. Their findings were very interesting. After going over all the data, NAR discovered that one single home sale in the United States has an incredible impact on the economy of $56,464! That’s just one house! Below is the breakdown of NAR‘s report:

When one home is sold in the United States:

-$14,958: Income generated from real estate related industries

-$5,647: Added expenses on items such as furniture, appliances and painting

-$3,509: Remodeling home within 2 years of  purchase

Contributions to the Economy From Sale of One Home:

Contributions to the economy are coming from things such as home construction, mortgage loans, title insurance, real estate brokerage, rentals & leasing, moving services, home appraisals and other related real estate activities.

The Sale of One Home Generates an Economic Impact:

People spend more at restaurants, sporting events and charitable organizations.

Estimated contribution to economy: $11,575

The More Homes Sold, The More Homes Produced:

For every 8 existing homes sold, one new home is constructed. This means that 1/8 of new home value is added to the US economy for each existing home sale. The estimated value: $20,775.

Adding all these numbers up, it comes to over $56,000 for the sale of one home! Clearly, the real estate market has a huge impact on the US economy.

The post Sale of One US Home Has $56,464 Impact on Economy appeared first on The Daniels Group.

Home prices in the real estate market have been up and down and quite volatile in recent years. But some areas of the country are seeing record setting pricing when it comes to the real estate market. Recently, San Diego real estate prices have hit a level not seen in 5 years. Distressed home sales in San Diego continue to decrease and mortgage rates are maintaining their record lows. Inventory is also low in San Diego County. All these factors have contributed to this 5-year home price high.

In the month of April, the median price for a home sold in San Diego County increased to $400,000. This is a 21% spike from the same time last year for real estate housing prices! According to DataQuick, a San Diego-based real estate research firm, San Diego has seen double digit increases in housing prices over the last 8 months. 5 years ago, in April of 2008, home prices were at $400,000 and have not be at that level since. But currently, San Diego county has 3,792 home sales and a 5 year home price high. Home sales are up 7% from a year ago in San Diego County and that is great news!

If you are considering selling your San Diego home, this is an excellent time to do so! The Daniels Group is here to assist you with all your real estate needs. Please contact us today at (858) 361-5561 or email us anytime by clicking here.

The post San Diego Home Prices Hit 5-Year High appeared first on The Daniels Group.

The gorgeous University of San Diego campus will be the site of the 27th annual La Jolla Festival of the Arts. This fun La Jolla event will take place on June 22nd & 23rd from 10:00am to 6:00pm at Warren Field. The Torrey Pines Kiwanas Club started this La Jolla event way back in 1987 as a fundraiser to support adaptive sports programs for San Diegans with disabilities. This yearly La Jolla event has evolved into an elegant, high quality art show, where visitors can meet world-famous artists and enjoy local entertainment, cuisine and spirits.

The La Jolla Festival of the Arts features over 200 juried artists who will display their finest art including vivid watercolor and oil paintings, serigraph, glass, wood and metal sculptures, ceramic, jewelry and photography, just to name a few! Stroll along the turf of Warren Field at The University of San Diego as you enjoy a fun day in beautiful La Jolla. The entertainment this year at the La Jolla Festival of the Arts will feature Dave Scott and Monsoon Jazz, Fred Benedetti and Peter Sprague, Jazz88 All-Stars, and RockinJazzBigBand. The La Jolla Festival of the Arts will feature local restaurants, wineries and breweries to satisfy all of your cravings!

All proceeds from this fun local La Jolla event will benefit programs and services that help those who have incurred serious and long term injuries. Come support your La Jolla community, meet incredible talented artists and enjoy a wonderful day of fun!

Free parking and free shuttles will be available for this fun La Jolla event so don’t miss out!

For more information and to purchase tickets to this La Jolla event, please visit www.lajollaartfestival.org or call (760) 753-1670.

The post The 27th Annual La Jolla Festival of the Arts appeared first on The Daniels Group.

Today’s real estate market is volatile and continually fluctuating. You need someone who understands these real estate market nuances. If you are a homeowner looking to sell your home for the best possible price, then using a real estate professional is the way to go. Experienced realtors can make sure that the deal gets to the closing table and you get the price you want.

Recently, the National Association of Realtors (NAR) reported that 15% of real estate housing deals never make it to that closing table. This can happen for many reasons. Lending requirements are much more strict these days, disclosure forms are stronger and appraisals can be tougher to obtain. Selling a home today requires an understanding of how to navigate through all these obstacles.

The good news is that homeowners have realized that selling their home themselves these days is best left to realtors who have experience in this ever-changing real estate market. The percentage of homeowners selling their own homes has dropped significantly over the years. According to NAR, only 9% of homeowners are selling their homes themselves these days, compared to 19% twenty years ago.

Today’s real estate market can be confusing and it is important to use a local real estate expert when selling your home. They can guide you through the process and increase the chances that you and your family will sell your home successfully for the price you want!

Considering selling your home in the La Jolla area? The Daniels Group is here to help you with all your real estate needs! Contact us today at (858) 361-5561 or email us anytime by clicking here.

The post Using a Professional When Selling Your Home appeared first on The Daniels Group.

Mother’s Day is not too far away and the city of La Jolla has a number of fun things to do on this special day! Its not too late to start planning something for the mothers in your life. Here are some ideas that La Jolla is offering for Mother’s Day, Sunday, May 12:

The La Jolla Garden Club will be hosting its annual Mother’s Day sale outside on their beautiful patio. There will be plants available for purchase as well as baked goods and garden-themed gift items. This is a perfect place in La Jolla to bring your mom if she enjoys the garden or has a green thumb.

The Secret Garden Tour of La Jolla will be held the day before Mother’s Day from 10-4, on Saturday, May 11. This fun local La Jolla event is sponsored by the La Jolla Historical Society and includes six gardens located throughout La Jolla. There will be music, artists and drinks served at each La Jolla home.

If brunch is what you are looking for, La Jolla restaurants and hotels are holding special events on Mother’s Day. Stand outs like The Museum Cafe at the Museum of Contemporary Art in the heart of La Jolla is sure to be a hit with your mom. They serve delicious food and after eating, the gift shop and museum are not to be missed.

La Jolla’s newest restaurant, Herringbone, is offering a special brunch on Mother’s day. This brunch includes complimentary roses!

If you are looking to be close to the beach and hear the crashing waves, The Shores restaurant of La Jolla is a great brunch destination. This La Jolla gem offers brunch from 10-7 all day Sunday and you can choose from tons of delicious foods.

The Marine Room in La Jolla offers incredible panoramic views of the La Jolla coastline and is offering a special a la carte menu featuring yummy dishes.

Another favorite locale in La Jolla is La Valencia Hotel. This gorgeous La Jolla hotel provides 3 locations on Sunday to enjoy brunch with your mother.

Consider starting the Mother’s Day celebrations a bit early and take her to Mom’s Night Out Mother’s Day Event at La Jolla’s Rappongi restaurant. On Thursday, May 9, from 7-9pm, this fun establishment in La Jolla will feature chocolate and wine pairings, along with apps and mini spa treatments!

Whatever your plans on Mother’s Day, La Jolla has something for you. Spend the day shopping, brunching and strolling around the gorgeous city of La Jolla!

The post Mother’s Day in La Jolla appeared first on The Daniels Group.

Supply and demand are key factors in the decision to sell your home. The desire for a home and the supply of homes for sale are what determine today’s real estate market. The current month’s housing supply determines the housing inventory. This is determined by the number of homes for sale divided by the number of homes sold in the previous month.

Unfortunately, there are no rules that apply to housing pricing in every category but there are some guidelines:

1. Appreciation is guaranteed when the housing supply is at 1-4 months. There are not enough homes to satisfy the demand of housing buyers.
2. a 5-6 month housing inventory supply creates a real estate market that is balanced. If you look back, home values traditionally appreciate at a slightly higher rate than inflation.
3. a 7-8 month housing inventory supply creates a buyers’ market. Homes for sale exceeds the demand and depreciation ensues.

Currently, the US is in a housing supply shortage. In most states, total housing inventory is below a five month supply, according to the National Association of Realtors. The housing supply currently is 20% below inventory numbers from a year ago and at levels that haven’t been seen since 2005!

You can see from the guidelines above that the ratio of supply vs demand slows when real estate market home prices appreciate. Sellers now have a great opportunity to sell their homes because housing inventory is so low.

Housing inventory usually increases as we approach summer, so right now is the optimal time to sell your home! Selling your home while the demand is high and supply is low will get you the most money.

The Daniels Group is here to help you with all your real estate needs. If you are interested in selling your home or need more information, please contact The Daniels Group today at (858) 361-5561 or email us anytime by clicking here.

The post Another Reason to Sell Now: Low Inventory appeared first on The Daniels Group.

The Kentucky Derby comes to La Jolla Cove! The 13th annual Food and Wine Festival event hosted by the Junior League of San Diego will be held at the famous La Jolla Cove. The upcoming La Jolla event will be a “Kentucky Derby Affair” theme this year. On May 4, from 2pm – 6pm, more than 50 of San Diego’s top food and wine purveyors will be on hand at this fun La Jolla event. Local San Diego restaurants and beverage companies will wine and dine guests, while live music plays at Ellen Browning Scripps Park.

The theme this year will bring the excitement of Churchill Downs to the shores of La Jolla! This local La Jolla event will hold a live viewing of the Run for the Roses, “win, place and show” prize drawings, costume contests for best dressed couple and best hat, plus a silent auction!

Tickets for this La Jolla event are $75 in advance and $85 at the door so get your tickets early! VIP tickets are also available and include access to the VIP lounge, which is stocked with samples and valet parking for $125.

All proceeds from the event will support the Junior League of San Diego’s mission-based programs.

Come join in the fun of this local La Jolla event! Sample gourmet food, wines, locally crafted beer and cocktails set amid the incredible backdrop of La Jolla Cove and La Jolla’s gorgeous coastline.

For tickets and more information on this La Jolla event, visit www.ljsdfoodandwine.com.

The post Food & Wine Festival at La Jolla Cove appeared first on The Daniels Group.

Your first home buying experience can sometimes be a confusing and stressful process. This is understandable because you are making the biggest purchase of your life! It is important for first time home buyers to be informed and do your research. This way, you will be prepared for the home buying process. Here are some helpful tips for first time home buyers:

1) HOME PRICE RANGE

First off, establish a price range that is realistic for your budget. It is very common for first time home buyers to try and purchase a home they can’t afford. By making a list of all your monthly expenses and examining what exactly you can afford per month, you will greatly decrease your stress when buying a home for the first time.

2) LOAN PRE-APPROVAL

This important step assures that your dream house won’t fall apart because you couldn’t obtain the financing. Getting approved for a home loan before you buy will give you leverage to negotiate on a home’s price. The seller will be more apt to work with someone who has already gotten pre-approved for a home loan.

3) PRIORITIZE

Setting your priorities in terms of what you want and need in a home is essential when buying for the first time. You might consider how many bedrooms you need and such things as commute time and schools. Make a list of things you want including pool, hardwood flooring or a finished basement. Making this list of wants and needs helps first time home buyers focus on what is really important in a home and narrows the list down. Ideally, your home will have all of your needs and a few wants.

4) LOCATION

Many factors can play into what neighborhood you buy your first home in. Consider crime and insurance rates, property taxes and schooling. You need to find an area that suits all your needs. Other things to take into account when buying your first home include traffic and proximity to nearby shopping, libraries and churches. First time home buyers can also talk to potential neighbors and get a good sense of the area. Keep in mind that bad neighbors can bring down home values.

5)  HOME INSPECTION

A home inspection is key when buying any home. It is important to use a licensed professional home inspector. You can inquire as to the inspector’s experience, background and qualifications. Home inspections are important because even new homes can present costly problems that only a home inspector can see. If the inspection finds that there are significant issues, such a foundation cracks, you may decide to back out of the deal and find another home. You can also negotiate with the seller for any repairs that the home needs.

The post First Time Home Buyers: 5 Tips You Need to Know appeared first on The Daniels Group.

This newly built three bedroom home for sale in beautiful Beach Barber Tract of La Jolla will take your breath away! The views from this La Jolla home are absolutely stunning and you are just steps from the world famous Windansea Beach! Live the La Jolla lifestyle in a gorgeous home that is turnkey and boasts so many incredible amenities.

There are multiple place in this La Jolla home for gazing at the beautiful coastline and over 2,500 square feet of living space. Enjoy the La Jolla sunsets at night from the romantic Master Suite retreat. The private roof top deck of this La Jolla home for sale is the perfect place to sit back and take in the panoramic views of the sparkling Pacific.

This La Jolla home comes with high ceilings, soothing neutral wall colors, recessed lighting and an incredible great room that is open and spacious. The kitchen in this La Jolla home for sale is fit for a chef and has top of the line appliances and luxurious granite. You will love all the built-ins in this La Jolla home. The stone and hardwood flooring make for incredibly easy maintenance in this La Jolla home for sale. The two car garage is so convenient and comes with storage.

357 Westbourne Street in the Beach Barber Tract of La Jolla is currently for sale for $1,835,000 at the time of this post. For more information and to schedule a private showing, please contact The Daniels Group at (858) 361-5561 or email us here anytime by clicking here.

The post Oasis in Beach Barber Tract appeared first on The Daniels Group.