open house Aug 28 1-4pm! La Jolla

Spectacular La Jolla Offering! Visit www.AmericasFinestCity.com for more information.

The web address for this property is: http://www.AmericasFinestCity.com/MyHomeDtl.asp?lstPages=1&HomeID=1245625 Location: 5435 Parkview Dr, La Jolla, CA 92037 New or Resale: Resale Type: Single Family Home Price: / $1,495,000 Address: 5435 Parkview Dr City/St: La Jolla, CA Zip Code: 92037 Bedrooms: 4 Bathrooms: 5 full, 1 half, 0 three-quarter bath Square Footage: 4290 MLS# 110034285 Listing Agent and Office: assaf avissar, Ascent Real Estate Bobby Stefano Ascent Real Estate 410 Kalmia St. San Diego, CA 92101 Ph#: 619-299-9200 Fax: 619 325 0750

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Where was the highest foreclosure activity in July?

Top 10 default areas, July

Rank	Neighborhood	ZIP code	First half MED price	July '10	June '11	July '11	MOM PCT CHG	YOY PCT CHG	Per 1,000
1	Chula Vista NE	91914	$471,000	16	16	21	31.3%	31.3%	4.7
2	Chula Vista SE	91915	$325,000	29	24	29	20.8%	0.0%	4.0
3	San Ysidro	92173	$198,000	18	10	12	20.0%	-33.3%	3.8
4	Mission Valley	92108	$199,000	16	14	20	42.9%	25.0%	3.3
5	Jamul	91935	$432,000	6	0	8	n/a	33.3%	3.2
6	Paradise Hills	92139	$210,000	19	26	24	-7.7%	26.3%	3.0
7	Golden Hill	92102	$190,000	13	9	14	55.6%	7.7%	3.0
8	Alpine	91901	$412,500	13	12	13	8.3%	0.0%	2.9
9	El Cajon	92021	$219,000	45	24	29	20.8%	-35.6%	2.7
10	City Heights	92105	$175,000	39	21	23	9.5%	-41.0%	2.7

Source: DataQuick

Top 10 foreclosure areas, July

Rank	Neighborhood	ZIP code	First half median	July '10	June '11	July '11	MOM Pct Chg	YOY Pct Chg	Per 1,000
1	Campo	91906	$150,000	4	10	4	-60.0%	0.0%	4.5
2	Oceanside (Central)	92058	$197,000	20	9	11	22.2%	-45.0%	2.3
3	Alpine	91901	$412,500	0	6	10	66.7%	n/a	2.2
4	San Ysidro	92173	$198,000	9	9	7	-22.2%	-22.2%	2.2
5	Encanto	92114	$220,000	19	25	32	28.0%	68.4%	2.2
6	Mission Valley	92108	$199,000	9	9	13	44.4%	44.4%	2.1
7	Downtown	92101	$344,250	22	16	23	43.8%	4.5%	2.1
8	Jamul	91935	$432,000	3	1	5	400.0%	66.7%	2.0
9	Chula Vista NE	91914	$471,000	12	10	9	-10.0%	-25.0%	2.0
10	Fallbrook	92028	$346,000	18	14	22	57.1%	22.2%	1.8

Earlier today: San Diego foreclosure numbers for July


Foreclosure filings and mortgage defaults in San Diego County fell in July, continuing an erratic pattern of distress, Monday's DataQuick report showed.

Related: Where was the highest foreclosure activity in July?

Last month, the county posted 1,274 notices of defaults, down 5.8 percent from June and down 23.4 percent from a year ago. Those notices mark the first step in the foreclosure process. They peaked at 3,832 in March 2009 and have for years gone through unpredictable fluctuations.
DataQuick numbers show 798 San Diego homes were foreclosed on in July, down 15.9 percent from June and down 10.2 percent year-over-year. They peaked at 2004 in July 2008 and also have seen dramatic rises and falls over time.
The La Jolla company's data are based on public records for single-family homes and condos.
Please note: The rankings are sorted by the number of foreclosures and defaults in July per 1,000 homes in each neighborhood, according to Monday's Stay with us throughout the day for more coverage.
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Written by Lily Sdut...Thanks Lily!

Southern California home sales fell 11.9% in July

I found this on line today, its funny because San Diego is holding it own. Below is regarding ALL of Southern California.

 

Monday, August 15th, 2011, 3:49 pm

Home sales in Southern California fell 11.9% in July as the job market continued to slow, forcing potential buyers out of the market, DataQuick said Monday.

The La Jolla, Calif.-based real estate data firm noted 18,090 new and existing home sales in Southern California last month, down from 20,532 in June.

The data includes sales from the counties of Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange.

Sales fell 4.5% from July of last year in the southern part of the Golden State, making it the smallest year-over-year decline in the region in 13 years.

Part of the downturn is tied to a severe drop off in the market for home valued at $500,000 and higher.

"The latest sales figures look a bit worse than they really are, given this July was a fairly short month, but they still suggest some potential homebuyers got spooked," said DataQuick president John Walsh. "Reports on the economy became increasingly downbeat and, no doubt, some people fretted over the possibility the country would default on its obligations."

Walsh points out last month's sales were not much worse compared the year earlier when the homebuyer tax credit first expired.

The median home sale price in Southern California fell a 0.7% in July, dropping to $283,000 to $285,000. Meanwhile, year-over-year, the median price fell 4.1% from $295,000 a year ago.

To date, the median is 14.6% higher than the trough mark of $247,000 in April of 2009, but it's still under the peak median of $505,000 in the middle of 2007.

Last month, home sales fell in every price level, with high-end sales experiencing the deepest slide with the number of home sales dropping 20.5% in the $800,000-and-above price level.

Thanks to KERRI PANCHUK for the article.

NOW WHAT? STOCKS DOWN,STOCKS UP? HOME LOAN RATES..

Rates for certain home loans have fallen to new 2011 lows as bond yields continued falling, show Tuesday's mortgage numbers from real estate website Zillow.com.
A 30-year fixed mortgage averaged 4.14 percent, down from 4.19 percent during the same time last week. According to Zillow records, which date back to 2008, the 30-year fixed rate fell to a record low of 4.03 percent on Friday but moved up over the weekend.
The previous low was 4.07 percent in November 2010.
"Given the mental association of credit ratings with bond rates, many people initially think about the impact of the downgrade on mortgage rates," said Zillow Economist Stan Humphries, in a statement. "But that’s probably not where the initial damage will be felt. In fact, near-term, expect almost zero impact on mortgage rates."
Also on Tuesday, California Housing Finance Agency (CalHFA) announced it has decreased its interest rates to lenders in its FHA loan program, in the wake of bond yields reaching record lows after the Federal Reserve extended its low interest rate policy for two more years on Tuesday. For current CalHFA rates, go here.

When you consider buying or selling a home in San Diego ,Zillow’s rates based on thousands of mortgage quotes turned in daily from borrowers through the site.
The website also breaks down reported rates by state. It said the average 30-year fixed rate in California has been "stable" at 4.14 percent this week, down from 4.22 percent the previous week.
The lowest rate was 4.08 percent in North Dakota and the highest, 4.38 percent, was in Hawaii.
Standard & Poor's decision to downgrade government enterprise Fannie Mae and Freddie Mac has raised concerns about what it will mean for consumers. San Diego Association of Realtors President Bob Kevane on Monday said their lowered credit rating will make it costlier for the mortgage giants to do business, likely leading to higher rates for consumers, but that likely won't happen immediately Kevane said.
Even when if rates do increase, "I don't think it's going to change rates much," Kevane added.



Written by

Lily Leung

La Jolla is still Selling!

LA JOLLA, CA  home sales held steady with 21 sales with a low
sales price of $840,000 and high sales price of $3,463,000.
The average sale price was $539/sq.ft. with an average 7% off the asking price and 77 days on
market.
Ocean view homes sold for apprx $538/sq.ft.

There are 40 pending sales and 11 possible short sales.
Contact Me for La Jolla properties for  that may suit your specific needs and/or a relocation package. Thanks!

Hillcrest Sign is looking good!