Thursday, September 12, 2013

Powerhouse Throwback...1977!

Came across this clearing out some stuff at Mom's house on 19th...memories of homecoming 1977...and got a chuckle from the real estate prices in Del Mar and Solana Beach back in the day! Woulda-shoulda...


Happy Throwback Thursday!!

Thanks for tuning into Powerhouse Properties and www.BestSanDiegoRealEstateBlog.com! Call us with any questions about the San Diego real estate market or buying and selling in Del Mar, Rancho Santa Fe, Solana Beach and surrounding fine areas. Or visit us at www.PowerhousePropertiesCA.com. We love to hear from you!

Thursday, February 21, 2013

Real Time Real Estate! Del Mar, Rancho Santa Fe and General San Diego Real Estate Reality


Here's a little sneak peek of an article we were asked to write for a local paper....


Everyone can feel it: something has shifted big time!

From Del Mar to Rancho Santa Fe and points in between and up and down the coast, the buzz is the market has made a dramatic shift. Low inventory, good prices, and some pent up demand are creating a sense of urgency and timeliness we have not seen in a number of years. There was a time during the downturn when buyers had the sense they had all the time in the world when a listing hit the market. Not so anymore. For the good properties priced right, we know our clients better move fast and be prepared to act if they want to make a run at it.

The good news for buyers is that we’re looking at almost 2004 prices in some cases…and interest rates we haven’t seen in decades and may never see again. But around Del Mar and neighboring high-end areas, we’re also seeing quite a few cash transactions even at the super-luxury level. Just look at the stock market: if you happen to have a few shekels and have enjoyed a 15-20% increase in your portfolio in the last few months but not sure how long that will sustain, we’re seeing people move some of that money to real estate.

More than anything, people seem to be feeling more confident in general and they realize – especially in our beautiful areas along the Southern California coast – the opportunity to own here is as good as it’s been in years. A quick check of the market shows prices in Old Del Mar, for example, have gone up from last year with an average sales price of $2,328,000 for all properties sold in the last six months compared to $2,137,000 for the same period a year ago, an almost ten percent increase. That is also reflected in the number of closed transactions with forty-two sales in the last six months in Old Del Mar compared to twenty-five for the same period a year ago.

So there is a real sense that the real estate market has solidly corrected its course. What we’re hoping for is smooth and stable improvement where reasonable prices and attainable demand make for steady growth, not the wild hyperactivity leading up to 2007. Ultimately, that’s what creates win-wins and makes for happy buyers and sellers…and agents!

One last note about the shifting dynamics the last four or five years: In some ways it’s evened things out to create the need for more hands on, personalized attention than ever before, even as far as presenting offers in person and taking extra time with a cover letter. These are good things, in our opinion, and help create a healthier market and industry.

And it’s about time!

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Thanks for tuning into Powerhouse Properties and www.BestSanDiegoRealEstateBlog.com! Call us with any questions about the San Diego real estate market or buying and selling in Del Mar, Rancho Santa Fe, Solana Beach and surrounding fine areas. Or visit us at www.PowerhousePropertiesCA.com. We love to hear from you!

Wednesday, August 8, 2012

Del Mar & Coastal Real Estate Update: Two Sold, New Escrow!

Where's the inventory? That seems to be the mantra these days -- pretty much across the board we're seeing inventory is down to some of the lowest levels in years.

Does that mean people aren't selling or everything's getting bought? Combination, we think, with some sellers deciding not to list right now or to pull their listings off the market. But things are selling, too -- very price driven market right now, of course, so continues to be a great time for buyers.

And we know where some of it is: SOLD! We just closed two properties along the coast: 217 Turf View in Solana Beach and 1221 Umatilla in Olde Del Mar. Thanks and congratulations to everyone -- happy sellers and buyers all the way around.

And our beautiful listing at 1316 Crest in Del Mar just went into escrow -- so the activity is there, just takes ready, willing and able sellers and buyers, and they're out there!

Thanks for tuning into Powerhouse Properties and www.BestSanDiegoRealEstateBlog.com! Call us with any questions about the San Diego real estate market or buying and selling in Del Mar, Rancho Santa Fe, Solana Beach and surrounding fine areas. Or visit us at www.PowerhousePropertiesCA.com. We love to hear from you!

Tuesday, June 12, 2012

A Filthy Good Time At The Mud Run

This past weekend Tracy and a bunch of friends participated in the World Famous Mud Run at Camp Pendleton, supporting quality-of-life program for marines, sailors and their families.

Got muddy alright, and had a great time getting their corps on, with 10K run, tire obstacles, river crossings, two 5-foot walls with mud on both sides, tunnel crawl, slippery hill climb, and the final 30-foot mud pit.

Definitely rode hard and put away wet and muddy, but a great cause, good time, and nothing a handful of Tylenol can't cure.

Thanks for tuning into Powerhouse Properties and www.BestSanDiegoRealEstateBlog.com! Call us with any questions about the San Diego real estate market or buying and selling in Del Mar, Rancho Santa Fe, Solana Beach and surrounding fine areas. Or visit us at http://www.powerhousepropertiesca.com./ We love to hear from you!

Friday, June 8, 2012

Cooking Outdoors Like A Cowboy

So this doesn't have a lot to do with Del Mar real estate or homes for sale in San Diego north county coastal areas, but there is a connection: summer's here, weather is warm, eating outdoors, camping....leads to cooking outdoors with a rocking cast iron Dutch oven!

Well, that's what happened for us anyway on a recent trip to "the ranch" in Arizona. Used to making the delicious steaks, chops, veggies, carmelized onions and potatoes, etc. But then we hit this great store in Flagstaff -- Cal Ranch -- with everything a cowboy could want (camping gear, hunting stuff, trailers, feed...the usual), and we came upon these cast iron Dutch ovens. Just like what you see in the movies. Had to have one -- they are so cool looking, who cares if you could actually cook anything?

But we did a little research and turns out you can make all kinds of stuff over an open fire and with coals. We tried cornbread, made an unbelievable cherry chocolate cake (using a can of lime soda, go figure), and an apple cobbler.

Talk about some great chow for the hungry ranch hands. We had a great time -- living off the land (well, if we had cows and then made our own 12 oz ribeyes), eating like kings. Part of the beauty of living in SoCal: when you're done with the surf you can drive a few hours and get your backcountry on.

Here's one great recipe:

Cherry Cobbler
2 (12-1/2-ounce) cans unsweetened dark sweet cherries
1 cup brown sugar, packed
2 cups flour
1 cup sugar
2 tsp. baking powder
2 tsp. poppy seeds
1 egg, beaten
1/2 cup butter

Drain cherries and reserve juice. Combine cherries and brown sugar in a small bowl.

Combine flour, sugar, baking powder and poppy seeds in a medium bowl. Stir to blend well. Stir in egg and 3/4 cup reserved cherry juice to make a fairly thick batter. If necessary, add a little more juice so you can just stir the heavy batter with a spoon.

Melt butter in 12" Dutch oven. Spoon batter over butter. (Butter will come up over batter at the edges.) Gently spoon cherries and any juice remaining in the bowl into center of batter.

Cook for 45 minutes to 1 hour with 16-18 coals on top and 8 coals on bottom. Be sure to rotate oven cover every 15 minutes for even heating.

Cobbler is done when the sides just begin to pull away from the pan and a knife or toothpick inserted in the center comes out clean. Serve with whipped cream or vanilla ice cream.

Note: If you can find only sweetened canned cherries, use only 1/2 cup brown sugar and 1/2 cup granulated sugar.

Thanks for tuning into Powerhouse Properties and www.BestSanDiegoRealEstateBlog.com! Call us with any questions about the San Diego real estate market or buying and selling in Del Mar, Rancho Santa Fe, Solana Beach and surrounding fine areas. Or visit us at www.PowerhousePropertiesCA.com. We love to hear from you!

Friday, May 18, 2012

What's Selling: Real Estate Inventory Update In Del Mar (92014)


Sean put together this very interesting chart on the state of real estate inventory and sales in Del Mar:



So, this is for both detached and attached homes -- and the winning price point right now in terms of activity is in that $1,000,000 - $1,499,000 range. Not surprising, but interesting that's where the most inventory is as well: There are sales to be made in that price point for the Del Mar/92014 zip code.

Thanks for tuning into Powerhouse Properties and www.BestSanDiegoRealEstateBlog.com! Call us with any questions about the San Diego real estate market or buying and selling in Del Mar, Rancho Santa Fe, Solana Beach and surrounding fine areas. Or visit us at http://www.powerhousepropertiesca.com/. We love to hear from you!

Thursday, May 17, 2012

1316 Crest Road, 92014 -- Your Home, Your History In Del Mar

Been having very good showings and feedback on our listing at 1316 Crest Road in Del Mar. Wanted to share some of the amazing photos and info again -- this is primed and ready to go, fantastic location at the top of the hill in Olde Del Mar and in the "A zone" for easy access to the Village, shops, restaurants, beaches. Note: These owners, and many other people in Del Mar, are using cool golf carts to get around easily and quickly!

Also, you need to know and understand the value of a lot like this -- big lot and yard, outstanding west- and south-facing orientation, and very open with little tree canopy. So bright, with big sky and ocean views...the value cannot be underestimated.

Thanks for tuning into Powerhouse Properties and www.BestSanDiegoRealEstateBlog.com! Call us with any questions about the San Diego real estate market or buying and selling in Del Mar, Rancho Santa Fe, Solana Beach and surrounding fine areas. Or visit us at http://www.powerhousepropertiesca.com/. We love to hear from you!