Drew Mobile: 858-220-3004 | Drew Email: drew@gellens.com

Christy Mobile: 858-220-3003 | Christy Email: christy@gellens.com

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Do you want top dollar for your home?

Do you want top dollar for your home?
Many sellers believe that they can put their home on the market “as is” and get top dollar because we’re in a hot sellers’ market. Yes, we are in a HOT sellers’ market, but getting Top $$$ takes expertise from professionals.
Here’s one of our seller tips: Paint & stage your home to get top dollar.
Use light and bright paint that is neutral in color. White paint is clean and fresh.
Staging is key for really making each room pop and give buyers a feel of how the home lives. We work with specific stagers who assist us when prepping a home for market. Each home in our market is quite unique and requires a personalized touch.
Thinking of selling, we would love to assist you, too.
Drew & Christy Littlemore
Maxine & Marti Gellens/BHHS
858-220-3004
858-220-3003
DRE#01935574
DRE#01923461

What is Going On in the San Diego Real Estate Market?

What is Going On in the San Diego Real Estate Market?

June 2022

What is Going On in the San Diego Real Estate Market?

That’s the question we are asked daily

Here’s the quick answer:

A Balancing Out in the Real Estate Market

 Our team has 8 homes that have come to the market in the past month:

Off Market home La Jolla Shores (Please contact us for details)

939 Coast Blvd.

939 Coast Blvd. ​

El Paso Real

Muirlands Vista Way

La Jolla Farms Road

San Elijo Ave

Chesterfield Dr.

We are seeing a balancing out in the market. We are still well below normal inventory, but we are seeing more supply of homes coming to market. The increase in interest rates is thinning the buyer pool, which means we are seeing homes sitting on the market longer than we have over the past 2 years. We are expecting more homes to come to market as we move through summer.

What does that mean for sellers? Now is the time to sell if you have been waiting for the market to peak. San Diego will see a regulation in STVR at the end of the year which may have an impact on the supply and selling.

What does this all mean for buyers? Because we are expecting more supply there will be more choices of homes available, more time to decide, and more time to offer. Less competition. If you have any questions about your real estate plans this summer, let’s chat.

 

San Diego Short Term Vacation Rentals

San Diego Short Term Vacation Rentals Update May 2022

San Diego City Council has approved the California Coastal Commission (CCC) recommendations to the STVR ordinance. This approval takes San Diego another step closer to regulating short term vacation rentals in San Diego. Although no specific date has been announced as to when homeowners can apply for a license, the SD City plan (as verbally stated in the meeting on May 17, 2022) is to start the application process in Fall 2022, licenses issued by the end of 2022, and implementation/enforcement beginning in Spring 2023. Go to SD City website for more information. https://www.sandiego.gov/treasurer/short-term-residential-occupancy

If you are not familiar with the current STVR Ordinance or the new recommendations, we suggest looking on the San Diego City website and signing up for notifications. If you currently own a vacation home in San Diego, this ordinance and knowing the process to obtain a license is going to be important for you. Don’t wait until the last minute to get everything together. If you are listing your home through a platform, they will also be following the new ordinance and require a license to list a home. https://docs.sandiego.gov/municode/MuniCodeChapter05/Ch05Art10Division02.pdf

What happens if you don’t get a license to operate a STVR in San Diego? Longer term rentals are an option, or taking advantage of this sellers’ market and using a 1031 Exchange to purchase another investment property in an area that is not requiring a license are options. Mission Beach will have a separate lottery that will also be following the ordinance, but in for Tier 4 https://docs.sandiego.gov/municode/MuniCodeChapter05/Ch05Art10Division01.pdf

If you have questions on the San Diego real estate market, we are here to chat.

Drew & Christy Littlemore are realtors with BHHS in La Jolla on Maxine & Marti’s Team, one of the top teams in San Diego. They represent buyers and sellers throughout San Diego County. Drew Littlemore is a La Jolla native as well as co-founder & owner of Headhunter Suncare, one of the leading sunscreen brands for surfers. Christy Littlemore has lived and worked in La Jolla for over 20 years, selling real estate since 2012. Prior to real estate she taught elementary and middle school in the San Diego Unified School District.

Want to receive our Housing Market Newsletter and find out what’s happening in the La Jolla & San Diego market sign up here: https://bit.ly/39zQo6P

Want to know the value of your home? Get three estimates in just minutes: http://yourlajollahomevalue.com/

Drew & Christy Littlemore

7910 Girard Ave Ste 9

La Jolla, Ca 92037

858-220-3004

Drew@gellens.com

858-220-3003

christy@gellens.com

Interest Rates 2019 vs. 2022 & Home Loans

Interest Rates are rising. Did you know that interest rates for home loans in 2019 were just about 5% before Covid? They were. So yes, the interest rates are going back up to where they were just before Covid. 2019 was a great year in real estate in California. Home prices were still rising even though we were seeing interest rates at around 5%.

Now about home loans: 30yr Fixed Conforming at 5% with a 25% down payment 15yr Fixed Conforming at 4.125% with a 25% down payment 30yr Jumbo Loans are 4.875% with a 25% down payment VA & FHA are low down payment options. VA options are for U.S. Veterans, only. For more information https://www.phmloans.com/rates

#interestrates #homeloans #sandiegorealestate #realestatenews #Lajolla #Housingmarket #housing

Drew & Christy Littlemore are realtors with BHHS in La Jolla on Maxine & Marti’s Team, one of the top teams in San Diego. We represent buyers and sellers throughout San Diego County. Drew Littlemore is a La Jolla native as well as co-founder & owner of Headhunter Suncare, one of the leading sunscreen brands for surfers. Christy Littlemore has lived and worked in La Jolla for over 20 years, selling real estate since 2012. Prior to real estate she taught elementary and middle school in the San Diego Unified School District. Want to receive our Housing Market Newsletter and find out what’s happening in the La Jolla & San Diego market sign up here: https://bit.ly/39zQo6P

Want to know the value of your home?

Get three estimates in just seconds: http://yourlajollahomevalue.com/

Drew & Christy Littlemore
DRE#01935574 DRE#01913461
7910 Girard Ave Ste 9
La Jolla, Ca 92037
858-220-3004

http://littlemoregroup.com

Unlock Your Home Equity to Buy Your Next Home

PROSPERITY HOME MORTGAGE IS PROUD TO PARTNER WITH PINNACLE FORWARD

WHAT IS FORWARD?
Prosperity Home Mortgage is proud to partner with Pinnnacle Forward. Forward enables you to unlock your home
equity so you can make a strong, non-contingent offer on your next home before you sell your current house.

Forward also allows you to avoid living through renovations, showings, and the uncertainty of a traditional sale.
With FORWARD, and Prosperity Home Mortgage, you can move at your own pace with peace of mind.

HOW DOES FORWARD WORK?
1. Zoom Casa acquires your property* for an initial payment of up to 75% of the current value of your home,
unlocking the majority of your equity and enabling you to pay off any mortgages.
2. Once you move out, we prepare your home for sale with our expert designers and proprietary vendor platform.
3. We resell your home for top dollar and you keep all the upside.
That’s right – you keep all the upside!
*Seller must apply and attain a Pre-Approval from Prosperity Home Mortgage prior to signed contract.

WHAT DOES FORWARD COST?
Zoom Casa charges a base service fee that is typically 3% of the value of your home upon resale.
Since we are paid as a percentage of the resale value of your home, our incentives are totally aligned to ensure that
your home sells for the highest price and as quickly as possible. As of December 31, 2021, our properties sell for
11.1% more than their as-is value as determined by third-party valuation providers, 4x as fast as listings on the broader
market and have an average return on investment of 650%. You keep all that upside.

PINNACLE is powered by Zoom Casa. Brokerage makes no representations or warranties,
expressed or implied. Terms and conditions apply. All rights reserved. © 2022 Zoom Casa, LLC.

#homesforsale #housingmarket #housing #berkshirehathaway #Pinnacleforward #Littlemoregroup #teamgellens #lajolla #lajollarealestate #sandiego #beachlife #realestate

 

San Diego Local Real Estate Market Updates February 2022

Mission Beach

Mission Beach-San Diego, Ca

 

What’s Happening in the Market?

We are still in a very strong sellers’ market with low inventory driving prices up. Your home just may be making more money than you are in San Diego. The average income in San Diego is $68,000 p/year with the average median home increase in appreciation of value at $92,000 this year.

February 2022
Local Real Estate Market Updates (YTD)

La Jolla 92037
Single Family Homes
Median Sales Price
2021: $2,385,000
2022: $3,380,000
+42%

Mission Beach/Pacific Beach 92109
Single Family Homes
Median Sales Price
2021: $1,562,500
2022: $1,923,750
+23%

University City 92122
Single Family Homes
Median Sales Price
2021: $1,090,000
2022: $1,485,000
+36%

Downtown 92101 
Townhouse-Condos 

Median Sales Price
2021: $587,000
2022: $700,000
+19%

If you would like any market update for a specific San Diego location, please let us know

Who You Work With Does Matters!
Contact Us Today to Create Your Selling Plan!

Drew & Christy Littlemore
858-220-3004  858-220-3003
www.littlemoregroup.com

Coming Soon in La Jolla Shores

Coming Soon

La Jolla Shores

Traditional Beach Home
4 Bedroom/4bath
Single Level
Large lot

Offered at
$3,950,000

Open House
Monday & Tuesday
Jan. 31st & Feb.1st.

Contact Us for Details!
Drew & Christy Littlemore
858-220-3004  858-220-3003
www.littlemoregroup.com

San Diego Short Term Vacation Rental Update

Opponents and supporters of vacation rentals voice their concerns at a San Diego City Council meeting. / Photo by Adriana Heldiz

The San Diego City Council Moving Closer to Regulating Short Term Vacation Rentals

The San Diego City Council has approved fees to be charged to those seeking a license to operate short-term vacation rentals.

Licenses for homes rented more than 20 days will cost $1,000 a year. Licenses for rentals where the owner lives onsite will cost $225. Licenses for homes rented fewer than 20 days per year will cost $100.  Licenses for rentals where the owner lives onsite will cost $225.  Revenues from the fees will go toward staffing, software, and enforcement.

A lottery system is being crafted by city staff that will distribute the licenses that fall under the cap system. The city will limit licenses to about 1% of the city’s total housing stock. (Excluding Mission Beach, which will have it’s own cap at 30% of the neighborhood housing stock)

San Diego City staff estimated there would be 1,081 licenses available in Mission Beach and 5,416 licenses in the rest of the city.

Whether the City Council’s decision to agree to the regulations, on the condition that good hosts be given priority in obtaining licenses, is needing approval by the California Coastal Commission

If the CCC approves the lottery system presented then homeowners looking the operate a vacation rental for more than 20 days will be able to apply for a license between March 1, 2022-April 15, 2022.  The new regulations are expected to be enforced starting July 2022.  However many residents have requested that the enforcements begin after San Diego’s tourism season.

SanDiegoCitySTVR

Frequently Asked Questions

Happy Veterans Day-Honoring the Women’s Army Corp

Women’s Army Corp (Photo Credit U.S. Army) 

Today We Honor All of Veterans on this Veteran Day!
Thank you for your service!

We would like to also specifically honor the Women’s Army Corp
1942-1978

Christy being from a family of veterans, it is always a special day for us to think of her father (Airforce Vietnam War), her grandfather (Army WWII), her great uncles (Army WWII), and her brother (Army Iraq War & Afghanistan War). However today we specifically want to remember her grandmother,  Mary Lewis.  Raised in the Army from 14 on, she served in the Women’s Army Corp during WWII along with the other WAC’s, as they were called then.

Remembering the Women’s Army Corp

General Douglas MacArthur called them “My best Soldiers,” during World War II, saying that the women serving in the Women’s Army Corps worked harder, complained less and were better disciplined than many of his male Soldiers.

Born out of the Women’s Army Auxiliary Corps in 1943, the WAC enabled women to take over more routine service and office jobs and free men for combat roles during World War II. Although disestablished in 1978, the WAC-and similar female components for other services and military nurse corps-was the only way women could serve their country. They often did so for less pay, limited advancement opportunities and flagrant harassment and disrespect from male counterparts.

WACs landed in France 38 days after D-Day and later served in both the Korean and Vietnam Wars, although women had to remain far behind the front lines. They weren’t even considered “real” Soldiers. According to Chief Warrant Officer 5 Jennifer Redfern, a former WAC and now the Criminal Investigative Division’s warrant officer career manager and counselor, they were “women servicemembers.”

“I think that when the Women’s Army Corps first started, that was the only way women could serve because society would not allow them to be full-fledged Soldiers. Of course, being a Soldier wasn’t necessarily a long-term commitment. Society in those days expected women to be housekeepers and child rearers. But I think that…it’s been pretty much accepted that we can do what everyone else does and still successfully raise children. I think that the Women’s Army Corps allowed us to slowly demonstrate our abilities…to serve in the armed services as equals,” she recalled.

While WACs worked long hours beside their male counterparts, they did so with training that was far different. Several women said they were disappointed at how easy physical training was during the WAC basic course. Retired Maj. M. Susan Windsich expected to complete low-crawls and difficult obstacle courses like the men. Instead, she was only expected to do exercises like modified push-ups, run either half a mile or in place and do a modified obstacle course called “run, dodge and jump,” which involved running around fences and jumping over a small ditch.

“They would take us on marches in the hills around Fort McClellan, Ala.-a five-mile march, and at the end of it we would have grape juice and cookies. It was very, I guess, genteel…would be one way to describe it,” said Maj. Gen. Mari K. Eder, deputy chief of the Army Reserve, who graduated in the second-to-last WAC Officer Orientation Course.

They even had makeup classes and were required to carry lipstick at all times, according to M. Isabelle Slifer, who retired from the Army Reserve as a lieutenant colonel. Blue eyeshadow, however, was forbidden, she said. Eder remembered the small regulation black bag that was almost useless for carrying anything but lipstick.

Retired Maj. Gen. Donna Dacier, recently the commander of the 311th Command and the G-6 (Communications) for U.S. Army Pacific, agreed that it was similar to finishing school, but added that the overall education about the Army’s history, customs and courtesies was top-notch.

Nothing, she and other WACs said, beat the PT uniform, which consisted not only of a blouse and shorts, but also a wrap-around skirt that had to be worn over the shorts until WACs made it to the field.

“It was some guy’s bright idea…totally inadequate for the type of physical-fitness training Soldiers would have,” said Dacier.

The field uniform wasn’t much better, with snug pants that buttoned up over the hips. The field boots-they were never referred to as combat boots because that would imply women could go to combat-didn’t have any traction on the bottom so the WACs tended to slip and slide when participating in any exercises. According to Slifer, a WAC company commander had to show their commanding general the bottom of their boots before their footgear changed.

The class-A equivalent, known as “cords,” was heavily starched. They looked nice, said Slifer, but keeping them wrinkle-free was difficult. Eder remembered traveling to her WAC graduation kneeling backwards on the bus seats, because their leaders didn’t want the WACs’ uniforms to wrinkle.

As the draft ended in 1978, the Army could not sustain an all-volunteer force solely with male recruits, according to Windisch, so women became more important. Change came throughout the mid-1970s, the WACs said, and they were gradually allowed to participate in things like M-16 rifle training, and began attending branch schools and officer-candidate school with male Soldiers.

Their reception was mixed. As ——Dacier pointed out, many of their classmates had gone to coeducational universities and were used to being around women. Some of the older Soldiers, however, either resented the women or harassed them. Slifer said she was often asked what she was doing there, and was told that she was taking the place of a man.

“I had a good time most of the time,” said Windisch. “There were some real idiots-I’m being very nice-and there were some really wonderful people. We all got hit on back in those days a lot.

“For example, we were waiting for a ceremony in the colonel’s office. I sat down on a chair…and the lieutenant colonel came in and plopped himself down on my lap. He said, ‘So honey, do you come here often””

Until 1973, if a WAC was married, her husband did not receive the same benefits as a military wife did, such as commissary and exchange privileges. And if she became pregnant, she had to get out of the military. Redfern joined a group of women who were petitioning to be able to remain in the military while pregnant and after giving birth. Even after they won the fight in 1975, Redfern said some people still tried to convince her to put her baby up for adoption. Later, when she decided to get remarried to a fellow Soldier, she was first told she would have to leave the Army.

Windisch had transitioned to the Army Reserve by the time she became pregnant and was surprised to find that she had to make her own uniform.

“There were no uniforms for maternity. So, I bought a pair of green slacks and a pretty flowered green blouse and wore that every day as my maternity uniform. They said, ‘You can’t fit into your fatigues, what are you going to do” I said, ‘Well, I’ve got this,'” she said.

The disestablishment of the WAC in 1978 was not without its hiccups. No one knew when they joined that they would eventually serve in the regular Army, and with excitement came nostalgia, a sense of a great tradition ending. The WACs would have to compete against male Soldiers who had varied experiences and more military schooling for promotions and choice assignments. The older WACs, said Dacier, were particularly “irritated” about the end of the WAC because they were losing their power base.

“So it was exciting for us and they really didn’t like how enthusiastic we were about being able to take Pallas Athena off and put on our branch insignia,” she said, describing how women could fully join different branches once the WAC was disestablished. Previously, women had been detailed to the Signal Corps or the Military Police Corps or other branches without being full members. They had separate companies, barracks, everything.

“When you go through basic training, you get pumped up because that’s part of their job, to get you excited about what you’re doing,” said Redfern.

“So I was all pumped up about wearing the Goddess of Athena brass. But when working with my male counterparts as an MP, they were wearing crossed pistols and the women were still wearing the Goddess Athena.

“So the day that we were integrated into the MP Corps…they had all three of us step forward in front of the formation and the platoon sergeant and company commander came up and they took our Goddess Athena brass off and put crossed pistols on us.

“I didn’t think it would be any big deal, but it was. I was really excited because now I was a Soldier. I was very proud to be a WAC, but I was equally proud to be integrated within the Army itself.”

Gwendolyn Hendly, who retired from the Army Medical Corps in the 1980s as a staff sergeant, said that even by that time personnel staffs weren’t used to women retiring and she was listed as male on all of her paperwork. “When I retired…the guy told me he had never seen a woman come through before to retire.”

For Hendly and the others who persevered, the Army turned out to be tremendously rewarding and somewhat humbling, as other women Soldiers now look to them as examples. Both Eder and Dacier said they expected to remain in the Army a few years, never that they would become generals. “I remember going to the dry cleaners and picking up my uniforms with that star on it,” said Dacier. “I didn’t feel like it was me picking up my own uniform. I felt like I was somebody else who was running an errand…because it was hard for me to fathom that that name tape and that star were linked together,” said Dacier.

“I have been both honored and awed to have been a part of history, even if in a small way,” said Eder. “I never thought I would be here at this place and time in my life, and wearing this rank…I believe you pay it forward and are obligated to help others in the same way.”

Ask these women about the WAC, and they talk about how wonderful it was, in spite of the challenges and prejudices they faced.

“When I look back, I realize we broke down a lot of barriers we didn’t even realize were there,” said Windisch. “We just put our heads down, did work, kept moving and earned respect.

“The women with whom I worked, they are friends I’ve taken through my whole life. I think that’s part of being a Soldier anyway, but being part of the Women’s Army Corps makes it even tighter,” Windisch added. “Any time another WAC sees the Pallas Athena on your lapel…you’re already friends. You already know each other even if you’ve never met before.”

https://www.army.mil/article/17673/remembering_the_womens_army_corps

 

San Diego Quarterly Economic Report Oct. 2021

Third Quarter Report: Home Prices Soften, But Not Much

The Greater San Diego Association of REALTORS® is fortunate to have our partnership with Alan Nevin, a renowned economist, to provide our members with insights and an expert outlook for our industry.

Real estate continues to be one of the best wealth-building opportunities for the average American, and the statistics bear that out. That has to be one of the highest motivators for the business of REALTORS® and the goals of their potential clients. Alan Nevin’s insights into the economy and housing market are an invaluable tool to help us all gain perspective.

http://media.sdar.com/media/Economic_Report_October_21_Quarterly.pdf