Carlsbad Real Estate Market Update

Southern California’s real estate market remains geared towards buyer's in the month of June, despite relatively strong demand from investors and others paying cash for homes. Real estate prices have trended sideways to down over the last couple of month, but many potential home buyers appear to still be on the sidelines and may still be waiting for a bottom in prices or a relaxing of the mortgage guidelines to allow more people to qualify for homes.

As of June 19th, the median price in Carlsbad for a single family detached home for sale was $719,000; a slight down tick from last week.  The seven day median housing price average has crossed over the 90 days median average, and has been trending down, as showing in the graph below.  With inventory still…

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5 Smart Ways to Buy a Foreclosure

It makes sense that prospective buyers are becoming increasingly interested in foreclosures. After all, some of these properties--which accounted for 24 percent of home sales in May, by the way--are selling at up to 50 percent less than comparable homes. Interested in digging up a bargain home? The market of King County Washington for exapmle which covers Seattle, Belleve, and Redmond just to name a few now finds "Distressed" properties making up 37% of all transactions.

Here's what you need to know before you buy a foreclosure:

Find foreclosure listings: This is the easy part. You don't need to show up at courthouse auctions or search through legal filings. All you need to do is look on sites that…

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Homes In Carlsbad - A Real Estate Market Update

Southern California’s housing market remained geared towards buyer's in the month of May despite relatively strong demand from investors and others paying cash for homes. Prices have trended up slightly over the last couple of months, but many potential home buyers appear to still be on the sidelines and may still be waiting for a bottom in prices or a relaxing of the mortgage guidelines to allow more people to qualify for homes.

As of June 15th, the median price in Carlsbad for a single family detached home for sale was $720,000, with an average of 122 days on market.  Pricing has ticked down this week, but with inventory trending up and market action still trending down, there doesn't seem to be a strong price move in either direction.  The current…

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Wow! Mortgage rates drop for 8th straight week..

As a valued client of The Cascade Team Real Estate, you'll recieve no loan origination fee (usually up to 1% of the loan value) and $1000 off your closing costs with Bank of America Home Loans.  In addition, to our 1/2% buyer rebate program, this can substantially reduce your out of pocket expenses in closing your new home purchase.  In addition, there is an additional $1000 credit if you are purchasing an energy rated home (ask your loan officer for more details). With no origination fees, Bank of America and The Cascade Team Real Estate can save you thousands of dollars on your next home purchase.  Be sure to submit your information and get pre-qualified for your next real estate or home purchase with the Cascade Team and Bank of America home loan…

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3 Seller Tips to Stay Ahead of the Competition

Local Real Estate News Here:

Bankrate.com recently featured a range of tips for first-time sellers to help them stay competitive in today’s real estate market. Here are some things you may want to discuss with your sellers:

Pricing a home competitively from the beginning is important. "Your largest number of showings will occur in the first two to three weeks," says Mark Ramsey, broker with the Ramsey Group/Keller Williams Realty in Charlotte, N.C. "The (multiple listing service) systems and the Internet tend to drive the majority of showings.” That’s why real estate experts stress that it’s important sellers get a competitive, realistic price from the start.

Consider sweetening the deal. Sellers may be able to lure more buyers by offering some extra…

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Welcome to The Cascade Team Erik Gronvold

I am happy to welcome Erik Gronvold to The Cascade Team. Erik comes to us after spending the past five years at Re/Max. He will be working out of the Ballard office under Krista Mehr.

Erik has experience in both residential real estate and also property management and will be focusing on the greater Seattle area.

 Erik's contact information is: 206-719-2132 erikg@thecascadeteam.com

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Charming Home in Issaquah Highlands

Property Website

Priced at $389,000

Bedrooms:  3 Bathrooms:  2.5
Home Size:  1,700 sq.ft. Garage:  2
Lot Size:  2,935 sq.ft. Community:  Issaquah Highlands
County:  King Property Type:  Single Family Detached
Year Built:  2006 MLS Number:  230830

Property Description

Charming 3BR, 2.5BA home located on a peaceful lane. Imagine entertaining here with the warm decorator colors and stunning bamboo hardwood floors on the main level and the open floor plan. The kitchen has 5K in upgrades with granite countertops, a center island and stainless steel appliances. The backyard has a large upgraded patio area with beautiful westerly views, perfect for summer barbeques. The 2nd floor includes a spacious master bedroom with attached bathroom, large closet and…

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Gorgeous 4342sf custom log home - Snoqualmie

Property Website

Priced at $700,000

Bedrooms:  4 Bathrooms:  3
Home Size:  4,342 sq.ft. Lot Size:  217,800 sq.ft.
Community:  Snoqualmie County:  King
Property Type:  Single Family Detached Year Built:  1999
MLS Number:  230655

Property Description

Gorgeous 4342sf custom log home situated on 5 private, breathtaking acres. Majestic great room with 20 foot vaulted ceiling, stone fireplace expansive windows to enjoy the spectacular mountain views. Gourmet kitchen w/granite, walk in pantry and granite island. Master suite features his & hers closets, sitting area w/fireplace & master bath with jetted soaking tub. Additional room (with closet) for 4th bedroom, office, or whatever. This exquisite home truly has it all! Large bonus loft with balcony,…

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Land for sale in Mirrormont

Property Website

Priced at $125,000

Lot Size:  39,737 sq.ft. Community:  Mirrormont
County:  King Property Type:  Vacant Land
MLS Number:  230782

Property Description

Build your dream home in a spectacular setting! Gorgeous .91 acre, mostly level, forested lot in the breathtaking Mirrormont Community. This rectangular, dry, mostly level lot is perfectly situated at the end of a dead end street offering plenty of privacy and southern exposure for sunshine. An exquisite setting for your home. Gas, power, water & cable are in the street. Ideal location offering the perfect combination of privacy & convenience. Owner financing available. Issaquah Schools. Don't miss this amazing opportunity. Just bring your plans!

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Fixed mortgage rates drops for 7th straight week

WASHINGTON – Fixed mortgage rates slid for the seventh consecutive week, but the lowest rates of the year have done little to lift the struggling housing market.

Freddie Mac says the average rate on the 30-year loan fell to 4.55 percent from 4.60 percent. The average rate on the 15-year fixed mortgage, a popular refinance option, slipped to 3.74 percent from 3.78 percent. Both are lows for the year.

Rates tend to track the yield on the 10-year Treasury note, which has dropped over fears that higher energy prices could slow economic growth this year.

Most people are unable to take advantage of the lowest mortgage rates because they can't meet tougher…

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