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Welcome to the premier resource for all real estate information and services in the North San Diego Coastal area. I hope you enjoy your visit and explore everything my real estate website has to offer, including Home and Condo listings in the coastal towns of Carlsbad, Encinitas, Cardiff-by-the-Sea, Solana Beach, Del Mar and Oceanside. Also included are some contiguous communities near the coast including San Marcos and Vista. Information is available for homebuyers and sellers, and there's more About Us, your professional Realtor.

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use my Dream Home Finder form and I'll conduct a personalized search for you.

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. I will use comparable sold and pending listings and also analyze the trends to help you determine an accurate market value of your home.

Testimonials

Alan, Like you referrals are the life blood of my business. Earning the precious right to be referred by a past customer who valued the service we provided is truly the test of our worth in the profession we choose as our life's work. Its truly a pleasure to work with you and while my expectations have always been high of those I work with, you have exceeded my expectations and for that I am truly grateful. Your attention to detail and willingness to take control and follow through on all aspects of this transaction has been nothing short of amazing. Most people just don't do what's necessary....and that's what separates mediocrity from high levels of personal and business success. So glad Patrick introduced us, and I look forward to our continued friendships. Russ George CFP(R)
Alan has represented us or family in 10 transactions over the past 20 years. You couldn’t ask for a more conscientious, hardworking broker. He has represented us as both a listing agent and a selling agent and has guided us through some really tough deals while remaining focused on what is in our best interest. His experience, honesty and integrity set him apart and those attributes are why we have relied on him over the years. Don & Mindy Grant
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Real Estate News!!!

Latest Realty News from NAR

Commercial Real Estate Prices Still Trending Up in 2019 Q1

Amid sustained economic expansion and the lowest unemployment rate since 1953, commercial property prices are still broadly trending upwards although at a modest pace compared to past years, according to NAR’s 2019 Q1 Commercial Real Estate Trends and Outlook Report.

Sales Activity

In the small market (less than $2.5 million deals), commercial property prices rose modestly by one percent from a year ago (seven percent in 2018 Q1). REALTORS® typically transact in the small market, with the average sales at $1.2 million in 2019 Q1.[1]  In the large market ($2.5 million and above deals), Real Capital Analytics reported that commercial sales price rose six percent nationally (nine percent in 2018 Q1). The National Council of Real Estate Investment Fiduciaries (NCREIF) Index and the Green Street Advisors Price Index also show a modest annual increase of two percent in 2019 Q2.

In both the large and small markets, the cap rates were slightly above six percent. Multi-family was the top-performing asset class in both the small and large market, with the lowest cap rates (which means high prices). Industrial properties were the second-best performing asset class in the large market, mainly for flex properties (essentially a combination of warehouse, office, showroom buildings). In the small market, hotels (likely Class B/C) were the next best performing asset.

According to REALTORS® who participate in the small market survey, cap rates in the small market continue to tend downward.  One reason may be that demand is moving towards suburban areas where commercial properties are less expensive. According to Real Capital Analytics, commercial prices in non-metro areas rose at a faster pace in 2019 Q1 than prices in the six major metro areas of New York, Boston, Washington DC, Chicago, Los Angeles, and San Francisco: in March 2019, commercial prices were broadly up by six percent in non-major markets compared to 4.5 percent in the six major metro areas.

Leasing Activity

REALTORS® and commercial affiliate members reported a slight increase in vacancy rates in 2019 Q1 across all property types compared to the prior quarter. With vacancy rates slightly trending up, REALTORS® reported a slight decrease in leasing volume (-0.10%) and a modest increase in leasing rates (2.3%) in 2019 Q1 from the prior quarter.

Among property classes, vacancy rates were lowest in the multi-family market, at seven percent, followed by the industrial market, at eight percent. Retail and hotel properties had on average double-digit vacancy rates.

In 2019 Q1, the average tenant improvement allowances (per square foot) in the small market were $2 for multi-family units, $5 for industrial property, $17 for office, and $21 for retail.

Outlook

Multi-family and industrial will continue to be strong commercial asset classes. The multi-family market is expected to remain bright in metros with low vacancy rates and affordable rents. E-commerce will continue to sustain demand for industrial properties, particularly flex properties. Retail brick and mortar will continue to do well in growing metros and in retail niches that require face-to-face customer service. The office market will be sustained by the growth in technology-driven jobs. The Opportunity Zone tax break on capital gains is expected to bolster commercial and residential real estate sales in 2019-2020.


[1] The small market makes up a smaller fraction of deal volume but accounts for a larger share of buildings: according to Energy Information Administration 2012 Commercial Buildings Energy Consumption Survey, buildings 10,000 square feet or less in size account were 72 percent of all commercial buildings; https://www.eia.gov/consumption/commercial/data/2012/bc/cfm/b23.php

 

REALTORS® Confidence Index Survey: April 2019 Highlights

The REALTORS® Confidence Index (RCI)[1]  survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from April 2019. View and download the full report here.

Market Conditions and Expectations

  • The REALTORS® Buyer Traffic Index registered at 63 (74 in April 2018).[3]
  • The REALTORS® Seller Traffic Index registered at 47 (45 in April 2018).
  • The REALTORS® Confidence Index—Six-Month Outlook Current Conditions registered at 67 for detached single-family, 56 for townhome, and 53 for condominium properties. An index above 50 indicates market conditions are expected to improve.
  • Properties were typically on the market for 24 days (26 days in April 2018).
  • Eighty-two percent of respondents reported that home prices remained constant or rose in April 2019 compared to levels one year ago (88 percent in April 2018).

Characteristics of Buyers and Sellers

  • First-time buyers accounted for 32 percent of sales (33 percent in April 2018).
  • Vacation and investment buyers comprised 16 percent of sales (14 percent in April 2018).
  • Sales of distressed properties (foreclosed or sold as a short sale) accounted for 3 percent of sales (4 percent in April 2018).
  • Cash sales made up 20 percent of sales (21 percent in April 2018).
  • Twenty-one percent of sellers offered incentives such as paying for closing costs (10 percent), providing warranty (8 percent), and undertaking remodeling (4 percent).[4]

Issues Affecting Buyers and Sellers

  • From February 2019–April 2019, 76 percent of contracts settled on time (78 percent in February 2018–April 2018).
  • Among sales that closed in April 2019, 74 percent had contract contingencies. The most common contingencies pertained to home inspection (54 percent), obtaining financing (43 percent), and getting an acceptable appraisal (41 percent).
  • REALTORS® report “low inventory” and “construction” as the major issues affecting transactions in April 2019.

About the RCI Survey

  • The RCI Survey gathers information from REALTORS® about local market conditions based on their client interactions and the characteristics of their most recent sales for the month.
  • The April 2019 survey was sent to 50,000 REALTORS® who were selected from NAR’s more than 1.3 million members through simple random sampling and to 10,000 respondents in the previous three surveys who provided their email addresses.
  • There were 4,611 respondents to the online survey which ran from May 1-10, 2019. The survey’s overall margin of error at the 95 percent confidence level is one percent. The margins of error for subgroups and sample proportions of below or above 50 percent are larger.
  • NAR weighs the responses by a factor that aligns the sample distribution of responses to the distribution of NAR membership.

The REALTORS® Confidence Index is provided by NAR solely for use as a reference. Resale of any part of this data is prohibited without NAR’s prior written consent. For questions on this report or to purchase the RCI series, please email: Data@realtors.org


[1] Thanks to Gay Cororaton, Research Economist for their data analysis and comments to the RCI Report.

[2] Respondents report on the most recent characteristics of their most recent sale for the month.

[3] An index greater than 50 means more respondents reported conditions as “strong” compared to one year ago than “weak.” An index of 50 indicates a balance of respondents

who viewed conditions as “strong” or “weak.”

[4] The difference in the sum of percentages to the total percentage of sellers who offered incentives is due to rounding.

  • NAR released a summary of existing-home sales data showing that housing market activity this April, modestly fell 0.4 percent from March 2019. April’s sales of existing homes dropped 4.4 percent from April 2018. April’s existing-home sales reached a 5.19 million seasonally adjusted annual rate.

  • The national median existing-home price for all housing types was $267,300 in April, up 3.6 percent from a year ago. This marks the 86th consecutive month of year-over-year gains.

  • Regionally, all four regions showed growth in prices from a year ago. The Midwest had largest gain of 5.5 percent followed by the South with a gain of 4.4 percent. The West had an increase of 1.3 percent followed by the Northeast with a modest incline of 0.9 from April 2018.
  • April’s inventory figures are up from last month 9.6 percent to 1.83 million homes for sale. Compared with April of 2018, there was a 1.7 percent increase in inventory levels. It will take 4.2 months to move the current level of inventory at the current sales pace. It takes approximately 24 days for a home to go from listing to a contract in the current housing market, up from 26 days a year ago. This would be the fastest pace since 2011 when the days on the market index began.

  • From March 2019, two of the four regions showed declines in sales while the Midwest was flat. The West was the only region to have an incline in sales at 1.8 percent. The South fell 0.4 percent followed by the Northeast with the biggest decline of 4.5 percent.
  • All four regions showed declines in sales from a year ago. The Midwest had the biggest drop in sales of 7.9 percent followed by the West with a decline of 5.9 percent. The Northeast fell 4.5 percent followed by the South with a dip of 1.7 percent. The South led all regions in percentage of national sales, accounting for 43.7 percent of the total, while the Northeast had the smallest share at 12.3 percent.

  • In April, single-family sales were down 1.1 percent and condominiums sales were down 5.6 to last month. Single-family home sales fell 4.0 percent and condominium sales were down 8.1 compared to a year ago. Single-family homes had an increase in price up 3.7 percent at $269,300 and condominiums rose 3.4 percent at $251,000 from April 2018.
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ALAN WATT
Broker Associate
CalBRE# 00601162
Direct/Mobile: 760-632-9000

HomeSmart Realty West

2776 Gateway Rd
Carlsbad CA 92009
Email: AlanWatt@Realtor.com

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CITY OF CARLSBAD

Carlsbad is a scenic coastal city in North San Diego County with about 110,000 residents. It has great beaches, a wonderful downtown village, good restaurants and is home to Legoland, the famous La Costa Resort, Aviara Golf Course and the City golf course known as "The Crossings". Carlsbad has 4 zip codes:

92008 - Northwest which includes the downtown Village area west of I-5 and access to beaches
92009 - Southeast which includes the La Costa Resort, Bressi Ranch and Rancho Carrillo
92010 - Northeast which is predominantly residential. The most affordable area of Carlsbad
92011 - Southwest which includes Aviara east of I-5 and access to beaches west of I-5

Here's an interactive link comparing median single family detached housing prices in each zip:

Carlsbad Median Price Trends for Single Family Detached

Scroll over the lines and month by month based on last 12 months will pop up. 

 

CITY OF ENCINITAS

The City of Encinitas is located along the coast in North San Diego County just North of Del Mar and Solana Beach and South of Carlsbad. Encinitas consists of 5 communities and is served by two zip codes: 

92007 - Cardiff also known as Cardiff-by-the-Sea
92024 - Old and New Encinitas, Leucadia and Olivenhain

Here's an interactive link comparing median single family detached housing prices in each zip:

Encinitas Median Price Trends for Single Family Detached

Scroll over the lines and month by month based on last 12 months will pop up. 

CITY OF SAN MARCOS

San Marcos is about 7 miles from the coast east of Carlsbad and is bisected by Highway 78 with the 92078 zip code to the South and 92069 zip code to the North. South San Marcos includes a very popular retirement area known as "Lake San Marcos" and a national awarding winning newer town community called "San Elijo Hills".

92078 - South San Marcos includes Lake San Marcos and San Elijo Hills
92069 - North San Marcos

Here's an interactive link comparing median single family detached housing prices in each zip:

San Marcos Median Price Trends for Single Family Detached

Scroll over the lines and month by month based on last 12 months will pop up. 

CITY OF VISTA

Vista is about 6 miles from the coast east of Carlsbad and is bisected by Highway 78 with the 92081 zip code to the South and 3 other zip codes to the North. South Vista has a popular retirement and family community known as Shadowridge which includes the Shadowridge Golf Club. 

92081 - South Vista including Shadowridge
92083 - Northwest Vista 
92084 - Northeast Vista

Here's an interactive link comparing median single family detached housing prices in each zip:

Vista Median Price Trends for Single Family Detached

Scroll over the lines and month by month based on last 12 months will pop up. 

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