Archive for December, 2007
Why Do Agents Chose to Join Windermere?
December 28th, 2007 Categories: Agents, Real Estate News
Despite the many challenges the real estate industry faced in 2007, this year proved to be one of the best for Windermere Exclusive Properties. We increased production by 25% and hired a lot of outstanding agents.
Here is what our agents are saying about us
Jeanne Lopez, Encinitas Office
“I have been with Windermere for two years and the thing I enjoy the most is the support that we agents receive from our management and owners as well as the high quality and integrity of the agents that work for Windermere. ”
Linda Grubbs, Escondido Office
“We are a family here, all five of our offices. It is very special. That was the most important thing in choosing an office for me; it was the office environment and the atmosphere. That is what I was looking for and that is what I found at Windermere”
Jeff Cole, Encinitas Office
“Having worked for both Prudential and Coldwell Banker I can appreciate the support, professionalism and the image quality Windermere has to offer.”
Debra Fine, Carmel Valley Office
“Windermere remembers who comes first, the client!”
Jackie Bendix, Encinitas Office
“From the owners to the office staff, everyone has the best interest of both the agents who work here, and the clients they represent. I know that this is unique to this industry. It is a great feeling working for a company where the knowledge and support are there for you whenever you need it.”
Karen May, Carlsbad Village Office
“Ownership and management are first class”
Pat Dunphy, Escondido Office
“I see this place as the best opportunity to be successful. The tools are great. The website is great. There is so much involved in real estate. It is almost overwhelming.
For me, it is all about the support. The atmosphere, it is a family. They know who you are; everyone is social and helpful. It is a different way of working – the Windermere culture. It is very professional. There is an emphasis on doing things right.“
Jennifer Locke, Encinitas Office
“Windermere combines the advantages of a large nationally known company with the atmosphere and response of a locally based company.”
Bev Paine, Encinitas Office
“If I had to describe Windermere in one word, it would be classy. Windermere embodies elegance. Our offices are beautiful. I am proud to bring clients in. We have great style.
I am all about customer service. Windermere lets you choose your own affiliates. They respect your right to chose. The managers want you to succeed. There is great internal support.”
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Carmel Valley Agents Run Ocean Air School Book Drive
December 27th, 2007 Categories: 4S Ranch, Community Events, Del Sur, Poway, Rancho Bernardo, Real Estate News
Windermere Agents in Carmel Valley took it upon themselves to run a book drive for E. Ocean Air Elementary School. They passed out thousands of fliers, hung posters have in the neighborhood stores and are spreading the word to their clients. The Windermere agents are eager to contribute to the new schools needs and hope the book they are donating helps the children gain an interest in reading.
Jean Wilson & Peggy Chomas of Windermere Exclusive Properties
“Children are trying to identify themselves by something or somebody. In healthy books, good morals win in the end,” said Windermere agent and book drive promoter, Shapar Ostovar. “Instead of TV, good books will help them grow.”
The participating agents are impressed with the high quality of books being donated. “We received a variety of genres from fairy tales to science fiction,” said Ostovar. “Included in the science fiction genre is an autographed copy of the book Touchdown MARS! Author Ken Edgett dedicated the book to the children of the E. Ocean Air Elementary School.”
Agents will continue to collect books and are happily accepting donations from the community. If you have any new or used books that would be appropriate for grades K – 6, please contact Shapar Ostovar to arrange a pick-up or drop-off.
You can reach us at 877-571-2289 for more information or drop off the books yourself to any Windermere office.
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Reasons Why We Believe The San Diego Real Estate Market Will Turn Big During The Spring Season!
December 27th, 2007 Categories: Carlsbad, Carmel Valley, Real Estate News
Historically, Real Estate downturns last 27 months. We are now in the 25th month.
- The unemployment rate in San Diego is excellent.
- Interest rates are still at historical lows, and have dropped a little bit more.
- We have lots of buyers on the fence, and they will start moving when good news starts trickling in.
- The press is actually now going to begin to look for positive economics because now it’s new – the negativity is getting old, even to them.
- Lawrence Yung, the very respected chief economist for the National Association of Realtors, said on December 10th that sales of existing homes should trend upwards in 2008. “The unusual mortgage market disrupted home sales in August and September, so the market was actually underperforming. Now that the mortgage market has improved, postponed activity should turn up in existing sales, and I expect sales to be at fairly stable to slightly higher levels”.
- In the Northeast in October, pending home sales went up 16%. That was the first region to slump, and that is a trending sign of the start of recovery.
- The government has stepped in to ease the pain for many adjustable rate mortgage holders – and that will stave off some foreclosures. This is a consumer confidence biggie!
- A spokesperson for Freddie Mac said “We are expecting and forecasting a bottoming out by mid 2008″. Investors will act if this becomes part of the mainstream theory.
- A respected U.C. Berkeley Economist stated that no matter what happens, coastal California will be the least affected area of the country if things worsen.
Other things to consider:
- The Senior Economist for the National Association of Home Builders said “new home construction will stabilize in the second quarter next year and begin improving in the third”.
- Walter Molom of NAR says “we feel the current quarter is probably the bottom of the market“.
- Realty TRAC reported that October default notices were actually down 9%, so some of the alternatives to staving off foreclosures may be starting to have an impact.
Additional market information researched by Rich Johnson
Some information from the experts
- 1990 correction started when business and the government came together, much like they are now and when the stock market became over-sold, as they are now. Most will tell you that these types of corrections normally last about 24-28 months, as stated above, we are now in the 25th month – the turn-around is in sight.
- One last piece of the puzzle that shows signs of the end – there are typically 850 thousand homes created each year in the US, we’re now at that level again.
- The Feds gave another rate cut and this fuels consumer confidence and will ultimately transfer to home buyers and seller’s confidence. Fed rate decrease and foreclosure forgiveness = good news!
Examples of Zip Codes stats in the last six months: (you can find these online or call us for your areas of interest).
San Diego – Carmel Valley 92130 Zip Code
- 180 homes were sold – for a $1,185,398 average in 47 days
- 87 homes in June – for a $1,265,163 average in 42 days
- 30 homes in November – for a $1,071,822 average in 62 days
- 5 homes in December (partial month) – for a $1,345,000 average in 43 days
Carlsbad and Encinitas 92009 and 92024 Zip Codes
- 336 homes were sold – for a $1,001,089 average in 57 days
- 142 homes in June – for a $1,050,831 average in 45 days
- 41 homes in November – for a $918,560 average in 70 days
- 8 homes in December (partial month) – for a $1,046,250 average in 55 days
We see this as a good indicator that things are going in a positive direction, less days on the market and higher average price. True, not a big sample yet, but a positive sign . In worse case, the price has basically stayed somewhat flat.
Call Us For Your Area Stats of Interest!
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