RE/MAX At The Coast Newsletter – September 2016
Welcome to my Mid-September Newsletter
From August 29th to September 11th, we had the adventure of a lifetime on a 6-day hiking trip to the Dolomites in Northern Italy followed by three days sightseeing in Rome. The Dolomites are in the Italian Alps, and the mountain scenery was totally spectacular! This was an inn-to-inn hike where our luggage was picked up every day and delivered to our next destination. We hiked 10-12 km/day with a day pack and lots of challenging, rocky hiking. One day, we hiked to a high meadow which was “The Sound of Music come to life” — cows with cowbells and beautiful alpine retreats. We ended with three days in Rome seeing all of the usual must-see sights: the Coliseum, Vatican, Trevi Fountain, and Villa Borghese. This was one trip where it has been hard to re-join the real world.
While I was away, RE/MAX At The Coast was thriving! We listed two properties on Urania in Leucadia — one at 1072 Urania Avenue, a gorgeous 4,000 sq. ft. house which is open, contemporary indoor/outdoor living at its finest! It’s an entertainer’s dream with three different outdoor spaces that flow into the house through La Cantina doors. The other property 1060 Urania Avenue, a 1/3 acre lot with a 1937 adobe on it, is waiting for someone to build their dream home. We also closed 8 escrows in August, a new company record!! And finally, on August 28th, we sponsored our own Laurel Roberts as our resident artist for the 2016 LeucadiART Walk. Laurel did a wonderful job displaying her paintings, and we had lots of action on the deck with many paintings sold.
According to a report in the San Diego Union Tribune from MarketPointe Realty, the average rent for an apartment in San Diego County was $1743 per month, an increase of 8.4% since last year. Rent increased 7.7% just from March 2016 when the average rent was $1618 per month. At the same time, the vacancy rate of the number of apartments to rent has dropped to 2.17%, the lowest in five years. The highest rent in the county was on the coast in North County where the average rent was about $2152 per month. Two-bedroom apartments were the most prevalent rentals with about 52.6% of the rentals falling into that category. The rise in rents is largely attributed to lack of new housing and apartments, the President of MarketPointe said.
If you’re renting now and would like some information on renting vs. buying, let me know, and I’ll be happy to help you. You may find out that with the variety of loan programs available with low interest rates, you may be able to buy now.