Pardee’s new San Diego homes include five new communities located near Carmel Valley and the North County coastal region of San Diego. The new San Diego home communities include Terramar in Torrey Highlands and Manzanita Trail in Pacific Highlands Ranch. Three additional new San Diego home communities are located in Carmel Country Highlands; Bridle Ridge, Carriage Run, and Highlands Village.

San Diego real estate prices for homes in these new North County San Diego neighborhoods range from the high 400s for San Diego homes in Highlands Village to the mid 800s for new homes in Bridle Ridge. The Manzanita Trail homes in Highlands Ranch start from the low 700s. The Carriage Run homes in Carmel Country Highlands and the Terramar homes in Torrey Highlands begin from the mid 700s.

Beth Fischer, division president of Pardee Homes, attributes the company’s success with new home sales in San Diego County to their diverse product line and desirable home locations. Pardee Homes has benefited from focusing on creating value for San Diego homeowners through developing innovative architectural designs and lifelong relationships with their clients.

If you are considering purchasing San Diego real estate in North County San Diego, contact San Diego Broker and Realtor Russ Petrone, President of Petrone Properties Real Estates Associates, at 858-259-1000 for assistance in locating, viewing, and purchasing a home in San Diego. In addition to 25 years of experience in the San Diego real estate market, Russ has also been a North County San Diego resident for 17 years and a Carmel Valley homeowner for 13 years. Russ has the experience, community knowledge, and negotiating skills to help you successfully navigate through the process of finding and purchasing San Diego real estate.

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However, another factor which plays an extremely influential role on our economy and the real estate market is consumer confidence.  Zillow.com released the results of a regional study conducted in July to gauge consumer confidence.  The regions included the West, Midwest, South, and Northeast in addition to providing data for the U.S.  The survey results were based upon the responses of 2,163 adults, which included 1,482 homeowners.  Nationwide, 49 percent of the respondents said they believed their homes had declined in value over the past year.  Similar numbers were reported in the Midwestern, Southern, and Northeastern regions at 50 percent, 47 percent, and 40 percent, respectively.

At 65 percent, the Western region had the highest percentage of people who believe the value of their homes dropped over the past year.  According to Zillow’s home value index, home values in the Western region have decreased 58 percent over the past year.  However, the perception of the people surveyed may be more accurate.  Zillow’s home value index figures are calculated based upon not only homes which have sold, but they also include pending sales and homes which are not on the market.  This design is flawed because it cannot truly be determined how much a home is worth until it has sold for a specific price.  Home prices for pending sales and homes which are not on the market are speculative wishes or guesses at best.  This is also why Zillow’s Zestimates are often self-admittedly inflated or inaccurate.

The report also included predictions for the future of home values.  Nationwide, 30 percent of the respondents thought their home values will improve over the next six months.  Twenty-eight percent believe their home values will decline, and 42 percent think their home values will remain the same.  In the Western region, 38 percent predict an increase in their home values, 26 percent anticipate a decline, and 36 percent think their home values will remain unchanged.  The report also said 40 percent of the respondents in the Western region believe the housing market has already reached the bottom.

Although the broad regional survey results are interesting, real estate values and trends are best analyzed when they are localized and specific to a city or a particular area within a city.  My inquisitive mind wants to know the results and numbers for home values in San Diego.  In referencing the University of San Diego’s Index for consumer confidence in San Diego, the monthly reports show consumer confidence was on a 9 month positive streak from April through December 2009.  Consumer confidence was down slightly during the first 4 months of 2010, but showed minimal positive increases in May and June.

When it comes to determining the true value of a home, a common way to accurately assess the value is to look at the best comparable properties which have recently sold.  A comparable home is one which is as similar as possible in terms of factors such as location, style, size, amenities, etc.  The sale prices of comparable homes are frequently used to help determine the value of a home.  Would you like to know how much your San Diego home is worth? 

Request a free Market Snapshot report to see the asking prices for houses for sale in San Diego near your home and the sold prices for comparable San Diego homes in or near your neighborhood.  Your complimentary report will include details such as specific addresses, the number of bedrooms, bathrooms, and square feet, the asking or sold price, and the number of days on the market.  The complimentary Market Snapshot report also includes community and school information. 

Your free Market Snapshot will be provided courtesy of Petrone Properties Real Estate Associates.  Petrone Properties respects your right to privacy as well as your email preferences and does not sell clients’ or prospective clients’ personal information.  You may also call Russ Petrone, San Diego Broker and Realtor, at 858-259-1000 for a complimentary consultation to discuss how Petrone Properties can help you with whatever San Diego real estate services you may need.

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With record low interest rates and relatively low prices for San Diego homes, now is an excellent time to invest in San Diego real estate.  Conditions are ideal for buyers who want to purchase houses for sale in San Diego.  You have a unique opportunity to take advantage of buying low, while San Diego home prices are still near the bottom of the real estate market.  Interest rates for home loans are also at record lows, and you can lock in a phenomenal fixed rate, sit back, and wait for your San Diego real estate to appreciate.

Buying a home in San Diego can be an extremely effective long term investment strategy.  If you are interested in purchasing San Diego real estate, begin your search of houses for sale in San Diego today, or contact San Diego Broker and Realtor Russ Petrone of Petrone Properties at 858-259-1000 to have a customized search of the homes for sale in San Diego created specifically for you based upon the criteria your require for your San Diego home.  With 25 years of experience in the San Diego real estate market, Russ can help you find a superb deal on a San Diego home.

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