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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

The Silent Generation: Downsizing Homes & Joining Senior-Related Housing

The Silent Generation, buyers aged 73 to 93 years, made up the smallest share of buyers by age at only seven percent of all home buyers in 2018. The median age for this group was 76 years old and they were born between 1925 and 1945. They tended to have the smallest families; 96 percent of these buyers had no children living at home under the age of 18 years and they made up the same share of single female buyers as Younger Boomers at 25 percent. Of the generations, buyers 73 to 93 years bought fewer multi-generational home at 13 percent. For those that purchased a multi-generational home, the reason was for the health and caretaking of aging relatives at 13 percent.

The Silent Generation had the smallest share of first-time home buyers at only four percent, which was expected for their age group. Correspondingly, they made up the largest share to move directly from a home that they owned at 82 percent. They also had the lowest median household income at $69,600, likely living off retirement funds. They managed their finances accordingly and bought homes with the second lowest median home price at $243,000. They also purchased some of the newest homes last year with a median year of 1996.

Buyers aged 73 to 93 years also bought new homes at 14 percent and wanted the amenities of new home construction communities (23 percent). These buyers were the most likely to purchase a duplex, apartment, or condominium at nine percent, or a townhouse at 10 percent. They were also the most likely to buy a home in senior-related housing at 29 percent. These buyers wanted a home convenient to friends and family (47 percent) and for the convenience to shopping (34 percent). They were the least likely to buy homes in an area for the quality of the school district, convenience to schools, or for the convenience to a job. They were also the least likely to compromise on the condition of the home (16 percent). The Silent Generation also bought frequently in a rural area at 23 percent.

The age group of buyers 73 to 93 years were the highest share among the generations to purchase for the desire to be closer to friends and family (27 percent) and for a smaller home (17 percent). They had an expected tenure in the home at a median of 10 years. They were the most likely to move due to a household member’s health and least likely to want a larger home.

Foreign Buyers Purchased $4.8 Billion in U.S. Commercial Real Estate in 2018

International clients are an important niche market for residential and commercial REALTORS® alike. In the latest 2019 Commercial Real Estate International Business Trends, NAR reported that foreign buyers purchased $4.8 billion of U.S. commercial real estate in 2018.[1] The median value for a buyer-side transaction was $600,000, while the median value for a seller-side transaction was $1 million. The dollar volume of foreign buyer purchases of U.S. commercial property declined in 2018 compared to the $6.7 billion in 2017 and $7.9 billion in 2016 as the economic expansion slowed in Asia (e.g., China, Japan), Canada, Europe (e.g. United Kingdom, Germany, France, Italy, and Spain), and Latin America.

Major Buyers of Commercial Property

Asia was the largest source of U.S. commercial property buyers, accounting for about a third (34 percent; 28 percent in 2017) followed by the Canada and Latin America (29 percent; 25 percent in 2017), Europe (20 percent; 29 percent in 2017), Middle East (10 percent; 12 percent in 2017), Oceania (2 percent; 1 percent in 2017), and from other countries that were not identified by respondents (3 percent; 6 percent in 2017).

The top foreign buyers of commercial property were China (21 percent), Canada (7 percent), Mexico (6 percent), Germany (5 percent), India (5 percent), Israel (5 percent), United Kingdom (5 percent), Venezuela (5 percent), Vietnam (5 percent), and Italy (4 percent).

Major Destinations of Buyers of Commercial Property

Florida was top choice among foreign buyers of U.S. commercial property (20 percent) followed by Illinois (13 percent), Texas (11 percent), and California (9 percent). Other top destinations were Georgia, New York, Virginia, Hawaii, Maryland, Massachusetts, Nevada, New Jersey, and Oklahoma.

Financing and Types of Property Purchased

About half of commercial foreign buyers, 52 percent, made an all-cash purchase (70 percent in 2017), and 25 percent obtained financing from a U.S. source.

International commercial buyers purchased across a variety of property types, but apartment was the most preferred, at apartment (19 percent), followed by retail (16 percent), land (12 percent), industrial (11 percent), office (9 percent), hotel (9 percent), and other types.

The bulk of foreign buyers of commercial property purchased the property as an investment to be rented out (39 percent in 2017), and 33 percent purchased the property for a business they participate in (34 percent in 2017). The Other category, which accounted for 22 percent (16 percent in 2017), includes a purchase of the property for residential and business-related uses.

Reasons Foreign Client Decided Not to Purchase U.S. Commercial Real Estate

One in five international clients decided not to purchase U.S. commercial properties in 2018 (17 percent in 2017). Understandably, the primary reason deterring a purchase is cost and exchange rate changes (36 percent of clients who decided not to purchase; 30 percent in 2017).Other major reasons are the buyer “could not find a property” (31 percent of clients who decided not to purchase), difficulty moving money out of the country (22 percent; 17 percent in 2017), tax-related issues (22 percent; 17 percent in 2017), immigration/visa (9 percent), and difficulty obtaining financing (9 percent).


[1] NAR also estimates foreign buyer purchases of U.S. residential property. According to the 2018 National Association of REALTORS® Profile of International Activity in U.S. Residential Real Estate, foreign buyers purchased $121 billion of residential property during April 2017—March 2018, or eight percent of the $1.6 trillion of total existing home sales during the same period.

 

Older Boomers: Most Satisfied Buyers Purchasing Forever Homes

Older Boomers, buyers aged 64 to 72 years, made up 14 percent of all home buyers in 2018 again this year. The median age for this group was 68 years old and they were born between 1946 and 1954. Within this group, they had the third largest share of single female buyers at 20 percent. Their primary reasons for purchasing a home were the desire to live closer to friends and family (22 percent), followed by retirement (19 percent).

Combined, Older Boomers owned the highest share of investment (10 percent) and vacation (seven percent) properties. Older Boomers were the most likely to purchase homes in a rural area (25 percent) and in a small town (14 percent).

Compared to other buyers, they moved the greatest distances at a median of 30 miles, same as the Silent Generation. Older Boomers were the less likely to purchase homes for the quality of school districts or convenience to schools. Rather, they purchased homes for the quality of the neighborhood and for convenience to friends and family. This age group found commuting costs the least important. Overall, Older Boomers were very likely not to make compromises on the home when they purchased (49 percent), citing that they were never moving and it was their forever home (33 percent).

In their home search process, Older Boomers were very likely to contact a real estate agent first and they were the least likely to find the paperwork a difficult step. Older Boomers were the most satisfied with the home buying process at 94 percent.

Older Boomers’ income was below the median income of all buyers ($91,600) at just $83,200 and they purchased homes at a median price of $250,000. Older Boomers were very likely to use the proceeds from the sale of a primary residence as the source of their downpayment (54 percent) and from an IRA account (five percent). They were the largest group of home buyers to have credit card debt at 67 percent.

Older Boomers were the second largest share of home sellers at 22 percent in 2018. The median age for an Older Boomer seller was 68 years. They had the second lowest median income at $81,700. They were the most likely to sell to be closer to friends and family (26 percent) and for retirement (16 percent), and at a median distance of 50 miles from the home they recently purchased. They were also very likely to sell when they wanted to (96 percent). They receive the second highest equity at 43 percent and second highest dollar value at $74,000.

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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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