JUST LISTED! 14302 Sandhill, Poway 92064

You’ll love the private, gated courtyard entry into this Gorgeous single level home. Immaculate and meticulously maintained inside & out.

Awesome solar pool & spa with cascading water flowing into the pool.

Enjoy entertainer patio areas, large living room & family room with dual faced fireplace and built-in cabinets.

Open kitchen with granite counter tops, large center island plus breakfast area. Formal dining room.

The master suite is 20 X 16 with fireplace & walk in closets.

 

Walk to Poway High School & Lake Poway. No Mello Roos

Currently offered at $1,225,000

Please call me today if you or someone you know is interested in seeing the home.

Posted on April 28, 2017 at 9:29 pm
Greg Timms | Category: Real Estate Activity | Tagged , , , , ,

Green Shoots

As if you didn’t know, lack of housing inventory has been cited over and over (and over) as hampering homebuying. To a lesser extent, consumer confidence has been a drag both on homebuying and the economy. This week there were green shoots of hope for both.

A National Association of Realtors (NAR), survey broke down homebuying trends by generation. Gen X, currently aged 37 to 51, (NAR appears to have “disappeared” the quite small Gen Y into this cohort), never gets much attention, but they presented some of the survey’s more interesting findings. They appear to have delayed homebuying (usually of a “move-up” house) longer than Millennials and are the generation to have most often lost a distressed home or been locked out of the market by debt or being underwater in their existing home. They also carry the most student debt, $35K against $25K for Millennials.

NAR says that generation has now recovered enough equity to sell and buy another home. Xers accounted for 28% of sales last year, up 2 points from the previous year. Millennials had a 35% share, but there are a lot more of them.

NAR chief economist Lawrence Yun says that Gen Xers who bought last year had been in their existing homes a median of 10 years; many of them buying when “home values were on the precipice of declining.” He said more of the generation are expected to sell this year and that should help ease the inventory shortages in much of the country. That these are likely to be mostly starter homes is even better news.

Fannie Mae’s National Housing Survey has tracked homeowner and renter attitudes toward homeownership and the economy since 2011. The survey has 100 questions, six of which are distilled into a single number, the Home Purchase Sentiment Index (HPSI).

The February survey blew the roof off. The HPSI jumped 5.6 points to 88.3, an all-time high. Five of the six components were higher than the previous month, and three set records of their own.

Asked if it was a good time to buy a house, 66% said yes, 26% said no, a net of 40%, 11 points higher than in January. A net of 22% think it is a good time to sell, a survey high.

Financial confidence is also on the rise. The net of those unconcerned about losing their job jumped 9 points to 78% while a net of 19% reported their household income higher over the last 12 months. Both were survey highs.

Doug Duncan, Fannie Mae’s chief economist said, “Millennials showed especially strong increases in job confidence and income gains, a necessary precursor for increased housing demand from first-time homebuyers.”

Lots of housing news next week–including a resumption of the Fed Watch–will they or won’t they raise rates?

Tune-in next week to find out.

Posted on March 10, 2017 at 5:16 pm
Greg Timms | Category: Economical Updates | Tagged , , , , , ,

Fifty-Nine Months in a Row

Rising interest rates apparently aren’t scaring off buyers, so far at least. A spurt in existing home sales in January pushed the seasonally adjusted annual rate up 3.3% over December to 5.69 million units, a gain of 3.8% year-over-year.
The rate of increase was the strongest for any month since the previous January and sent sales jumping over those from last November to become the best month for existing sales since the peak of 5.79 million units in February 2007.
Condo/coop sales were particularly strong, soaring 8.3% to a seasonally adjusted rate of 650,000 units, an increase of 4.8% over the last 12 months. Single-family sales rose 2.6% to 5.04 million units.
According to the National Association of Realtors, home prices appreciated for the 59th straight month on an annual basis. The median price for all types of homes increased 7.1% year-over-year to $228,900 and was the largest increase in a year.
The Federal Housing Finance Agency’s (FHFA’s) Home Price Index was a little less ebullient than NAR and lags it by a month, but still had annual prices up in December by 6.2%, the strongest year-over-year gain since August. FHFA economist Andrew Leventis said that, while prices probably weren’t yet feeling a full impact from rising interest rates, “There is no evidence of a normalization in the unusually low inventories of homes available for sale, which has been the primary force behind the extraordinary price gains.”
Among other reasons home prices have risen so quickly over the last few years was the increasing size of new homes. Per James McManus, writing in Builder, tight credit, labor and material shortages, and a large share of move-up buyers, pushed builders disproportionately toward bigger, pricier homes, and away from those that would pull droves of renters into homeownership.
The National Association of Home Builders (NAHB) says the average floor area of new homes rose about 11% between 2008 and 2016 to an average of around 2,600 square feet. Recently those home sizes started trending down, and NAHB suggests they are heading for further declines.

McManus says buyers may soon have some fresh options in communities “designed specifically for rental refugees, downsizing discretionary buyers, and those on a modest budget looking to retire to a modest modicum of entitled living.” He quotes one homebuilder who has coined the phrase “entry-level plus” for new developments coming on line in some areas and says they will bring lower price tags along with a smaller footprint.

Posted on February 24, 2017 at 8:07 pm
Greg Timms | Category: Economical Updates | Tagged , , , , , ,

JUST SOLD! 18724 Caminito Pasadero, San Diego 92128

160057063

Greg Timms Blog | 8724 Caminito Pasadero

Just Sold this gorgeous 3 bedroom model with loft office/study. Ideal location with privacy & garden views.

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Open kitchen with granite counter center island off family room with fireplace & lots of kitchen cabinets. Spacious living room with dining adjacent to it.

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Spacious master suite with walk-in closet, dual vanity & views.

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Sought after gated community with multi-million dollar clubhouse with 2 pools, BBQ area, lighted tennis courts, exercise room, banquet room and more! No Mello Roos. Poway School District.

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

Greg Timms Blog | 8724 Caminito Pasadero

I can get the same results for you! If you are having thoughts of buying or selling (sell early in 2017) then call me now!

Posted on January 23, 2017 at 6:07 pm
Greg Timms | Category: Real Estate Activity, Real Estate News | Tagged , , , , , ,

JUST SOLD | 3275 Camino Vallareal, Escondido 92029

Greg Timms Blog | 3275 CAMINO VALLAREAL

Just Sold by Exquisite Homes and Estate! FABULOUS TROPICAL PARADISE with GREAT PANORAMIC VIEWS!! A 1 story showcase with quality appointments & attention to every detail.

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Terrific Large Gourmet Island Kitchen with Striking Granite; Gorgeous Tiger/Mahogany Floors; 5″ Baseboards;Custom Fireplace Doors;8′ Solid Wood Doors;Surround Sound Speakers Interior & Exterior.

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Fourth bedroom has been converted to office with beautiful built-ins.

Greg Timms Blog | 3275 CAMINO VALLAREAL

Beach Entry Pool/Spa, BBQ Island, Covered Patio Area with it’s own Fireplace!

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Greg Timms Blog | 3275 CAMINO VALLAREAL

Sold for: $935,000

Greg Timms can help you find your dream home too! If you are considering buying, selling or investing call Greg today.

Posted on September 13, 2016 at 6:30 pm
Greg Timms | Category: Real Estate Activity | Tagged , , , , , , ,

LISTED AND SOLD IN 1 DAY! 13816 Paseo Cevera, San Diego 92129

Just listed and sold this great  home in San Diego!

Greg Timms Blog | Paseo Cevera

Enjoy the panoramic westerly view toward ocean, watch hot air balloons, from your private backyard with large covered patio.

Home is light and bright with flowing floorplan. Kitchen overlooking the backyard, opens to family room with fireplace. Tile floors in kitchen, entry, and family room. Large master bedroom with walk-in closet, dressing area with large vanity and double sinks. Oversized shower. Walking distance to Mt. Carmel High School, shopping, parks, and library.

Listed at: $629,900

I can get the same results for you too! If you are considering buying or selling, now is the time. Please call me today. 

Posted on July 11, 2016 at 6:16 pm
Greg Timms | Category: Real Estate News | Tagged , , , , , , , , ,

JUST LISTED! 1769 Larkhaven Gln, Escondido 92026

Greg Timms Blog | LARKHAVEN GLN

Just listed this gorgeous 2 bedroom, 2 bathroom, single story home with upgrades galore.

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Remodeled kitchen with stainless steel appliances, granite counter tops, reverse osmosis, and tons of storage.

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Beautiful hardwood floors and plantation shutters in all rooms. The 3rd bedroom has been converted into a media room. Built in storage in extra large garage. Bathrooms have been upgraded.

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Enjoy the outside pool and spa, covered patio and deck is ideal for outdoor entertaining.

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN

Greg Timms Blog | LARKHAVEN GLN
 

Currently Offered at: $529,000

Please contact me today if you or someone you know is interested in seeing this home. 

Posted on July 11, 2016 at 6:04 pm
Greg Timms | Category: Real Estate News | Tagged , , , , , , ,

JUST LISTED AND SOLD! 15462 Avenida Rorras, San diego 92128

SOLD BEFORE ENTERED INTO THE MLS!

Greg Timms Blog | AVENIDA RORRAS

Gorgeous single level home with numerous upgrades. Remodeled kitchen with all new appliances. New windows. Upgraded bathrooms. Newer AC. Covered patio overlooking the Bernardo Heights golf course.

I can get the same results for you! If you are considering buying or selling, please call me today.  

Posted on July 11, 2016 at 5:33 pm
Greg Timms | Category: Real Estate Activity | Tagged , , , , , , , ,

JUST CLOSED! 2119 Rancho Verde Escondido, CA 92025

I've just represented the buyer who purchased this beautiful ranch style hilltop home with views!

Greg Timms Blog | Rancho Verde

Large kitchen with travertine tile, coriander counters, breakfast area and plenty of storage. Oversized 20×15 dining room is perfect for entertaining with pergola flooring and track lighting. 2-way fireplace between the dining and family room. Ceiling fans in the living room, breakfast area and all three bedrooms.

Greg Timms Blog | Rancho Verde

Greg Timms Blog | Rancho Verde

Greg Timms Blog | Rancho Verde

Greg Timms Blog | Rancho Verde

Greg Timms Blog | Rancho Verde

Greg Timms Blog | Rancho Verde

Greg Timms Blog | Rancho Verde

Greg Timms Blog | Rancho Verde

Greg Timms Blog | Rancho Verde

Huge private yard with strolling paths, fruit trees and 6 large garden boxes.

Greg Timms Blog | Rancho Verde

Greg Timms Blog | Rancho Verde

I can help you find the home of your dreams, too! If you or someone who know is looking for a similiar home, I welcome the opportunity to help. Please call me today to discuss the current real estate market and see how you can benefit from it at this time. 

Posted on June 29, 2016 at 10:02 pm
Greg Timms | Category: Real Estate Activity | Tagged , , , , , ,

JUST CLOSED! | 13352 Birch Tree Ln., Poway 92064

Michael Anthony Blog | BirchTree Lane

Just represented the buyer of this beautifully maintained, quiet, and very private end unit in desirable Country View. Complete with a private yard with a brick patio and drought-tolerant landscaping.

Michael Anthony Blog | BirchTree Lane

Michael Anthony Blog | BirchTree Lane Michael Anthony Blog | BirchTree Lane Michael Anthony Blog | BirchTree Lane

Kitchen has been converted to gas stove.

Michael Anthony Blog | BirchTree Lane

Beautiful custom closet organizers for the bedrooms, custom master bath vanity complete this lovely home.

Michael Anthony Blog | BirchTree Lane Michael Anthony Blog | BirchTree Lane Michael Anthony Blog | BirchTree Lane

Michael Anthony Blog | BirchTree Lane

Community offers large, open grounds and sparkling pool/spa that is heated and fully fenced for child safety. Central Poway location and excellent schools, this is a great family home.

Posted on June 14, 2016 at 9:18 pm
Greg Timms | Category: Real Estate Activity | Tagged , , , , , , ,