2015 Annual Market Review | Anderson Coastal Properties

2015 ANNUAL MARKET REVIEW DEL MAR | SOLANA BEACH | CARMEL VALLEY

PRESENTED BY

Jennifer and Nancy Anderson

Dear HOMEOWNER It is a pleasure to share with you our Annual Review of the Del Mar, Solana Beach and Carmel Valley residential real estate markets. In this report, you’ll have an opportunity to examine the 2015 market recap and relevant sales statistics, explore what’s happening in your neighborhood, and learn more about our communities. We hope you will enjoy this report and find it useful.

In 2014, I was recognized nationally by Realtor Magazine as one of “30 Under 30” residential real estate agents. Having partnered with my mother, Nancy Anderson, we are committed to being a resource for the Del Mar, Solana Beach and Carmel Valley communities, focused on helping homeowners like yourself feel educated and empowered when it comes to local real estate. Our goal is to foster a relationship built on trust and confidence with you, and to help you in any way we can when you decide to buy or sell a home.

We invite you to visit our website: www.AndersonCoastal.com, to obtain an estimated value of your home, or any home that you want to explore. We would be happy to assist you in creating a customized property search which will keep you current on information pertinent to your interests.

If you are considering buying or selling, or know anyone who is, please contact us! We look forward to the opportunity to assist you with your real estate needs.

Your neighbors,

Jennifer & Nancy Anderson

CA BRE # 01204280

ECONOMIC INDICATORS The USD Burnham-Moores Center for Real Estate’s Index of Leading Economic Indicators for San Diego County was unchanged in October, ending a decline of the USD Index for three consecutive months. However, as the chart below shows, overall there has been steady growth in the USD Index since 2011.

Index of Leading Economic Indicators San Diego County | 2011 - 2015

STEADY GROWTH

San Diego Economic Year in Review 2015 All leading indicators point to a solid overall year for San Diego’s economy which started 2015 extremely strong, and continued to show steady growth throughout the year.

JOBS AND EMPLOYMENT As 2015 drew to a close, San Diego continued to outpace the U.S. employment growth rate, according to statewide data released by the California Employment Development Department (EDD) for the end of 2015.

Data Source: USD Burnham-Moores Center for Real Estate

REAL ESTATE

November’s employment numbers show positive signs for the region’s economy, particularly when compared to 2014. The region has 13,200 more people in the labor force, 17,000 fewer unemployed, and has added more than 37,800 jobs. In addition, the area’s unemployment rate fell to 4.8 percent, down 0.2 points from the previous month.

Even though the sale of previously owned homes saw a seasonal decline during late autumn, San Diego County continues on a better pace than 2014, according to housing statistics from the Greater San Diego Association of REALTORS® (SDAR).

San Diego also continues to lead California’s jobs recovery. The number of individuals employed in San Diego County in Q3 of 2015 saw a rapid increase of 3.5% from one year earlier. Unlike much of the state, San Diego has far surpassed the level of jobs held prior to the 2008 recession.

San Diego remains the second most expensive for-sale home market in the U.S., according to the National Association of Realtors.

HIGHLIGHTS EMPLOYMENT grew by 37,800 jobs, or 2.7 percent, from the previous year.

UNEMPLOYMENT fell to 4.8 percent, and is still 1.2 points lower than the same period in 2014.

For the year-to-date, single-family homes sales were up nearly 8 percent, and attached properties were up 10 percent, compared to 2014.

During 2015, median home prices continued to rise steadily. Single-family properties sold over 10 percent higher in November compared to October, and were at a median sales price of $539,000. Condo and townhome sale prices were up over 6 percent from last month, with the median at $340,000. Prices are on a pace to finish 2015 up 6 percent compared to 2014.

Median Sales Price | Detached & Attached | San Diego County

PRIVATE SECTOR employment grew by 3.1 percent from November 2014.

SHIP AND BOAT BUILDING grew by 10.3 percent from the previous year.

HEALTH CARE accounted for one-quarter of all employment growth since the end of 2014.

Data Source: San Diego’s Economic Development Corporation (EDC)

Mike Combs, research manager at San Diego Regional EDC said, “San Diego’s economy is being driven by growth in high-tech sectors and accessible industries like construction, manufacturing and health care. Growth in these industries is driving down unemployment and providing mid-to-high wage jobs for thousands of San Diegans.”

O Detached

O Attached

Data Source: Greater San Diego Association of Realtors (SDAR)

www.AndersonCoastal.com

looking at DEL MAR SALES VOLUME

51 $113,029,325 58 $109,023,159 50 $92,327,775 49 $89,289,700 208 $403,669,959 44

$8

Average Sales Price

2014 Lowest Sale

$210K

146

29

Detached Homes Sold: 146 Attached Homes Sold : 29 Other Sales: 33

2014 Highest Sale

SALES VOLUME

38 $56,280,553 65 $127,702,000 44 $73,244,602 38 $61,695,250 185 $318,922,405 2

Buying a Home in 2015

74

107

22 124 2015 Lowest Sale

53

Average Price Average Days Per SQFT On Market

4

Home Sales by Type

$16MIL

33

HOMES SOLD

0 $8

Average Sales Price

Buying a Home in 2014

64

138

64

Financing: 66% = $248,903,625 Cash: 31% = $125,005,834 Other: 3% = $29,760,500

Q1 Q2 Q3 Q4 YTD

4 0 9 3, 2 ,7 15 $1 20

Average Price Average Days Per SQFT On Market

6

2015

39

Financing: 58% = $164,720,955 Cash: 40% = $144,404,450 Other: 2% = $9,979,000

Home Sales by Type Detached Homes Sold: 124 Attached Homes Sold : 39 Other Sales: 22

2015 Highest Sale

$11MIL

Q1 Q2 Q3 Q4 YTD

0 2 7 0, 4 ,9 14 $1 20

*Days on market.

HOMES SOLD

$227K

2014

All information is deemed reliable but not guaranteed. Data from SANDICOR, Inc. for 1/1/14 through 12/31/15, and represents properties listed or sold by various brokers. Del Mar sales data represents properties sold between Via De La Valle, Carmel Valley Road, and West of the I5.If your property is currently listed, this is not meant as a solicitation.

looking at SOLANA BEACH SALES VOLUME

30 $35,335,400 41 $48,053,000 38 $48,830,225 36 $48,845,000 145 $181,063,625 15

$7

Average Sales Price

51

Average Price Average Days Per SQFT On Market

2

2015

3 8 2 2, 6 ,3 15 $1 20

28

2014 Lowest Sale

$340K

61

Home Sales by Type Detached Homes Sold: 56 Attached Homes Sold : 61 Other Sales: 28

2014 Highest Sale

$8.75MIL

85

Financing: 59% = $92,532,625 Cash: 40% = $85,826,000 Other: 1% = $2,705,000

All information is deemed reliable but not guaranteed. Data from SANDICOR, Inc. for 1/1/14 through 12/31/15, and represents properties listed or sold by various brokers. Solana Beach sales data represents properties sold between Via De La Valle, The San Elijo Lagoon, and West of the I5. If your property is currently listed, this is not meant as a solicitation.

29 $40,375,484 29 $47,714,539 32 $38,486,750 29 $35,535,000 119 $162,111,773 7

41

Average Price Average Days Per SQFT On Market

1

Buying a Home in 2015 Financing: 65% = $102,154,678 Cash: 34% = $58,458,095 Other: 1% = $1,499,000

41

77

51

SALES VOLUME

0 $7

Average Sales Price

Buying a Home in 2014

58

Q1 Q2 Q3 Q4 YTD

HOMES SOLD

18

Home Sales by Type

50

Detached Homes Sold: 51 Attached Homes Sold : 50 Other Sales: 18

2015 Lowest Sale

2015 Highest Sale

$6MIL

Q1 Q2 Q3 Q4 YTD

4 1 7 8, 4 ,2 14 $1 20

56

HOMES SOLD

$378K

2014

www.AndersonCoastal.com

looking at CARMEL VALLEY

0 7 5 5, 4 7 $9 201

156 $142,410,635 245 $243,815,779 205 $203,902,860 165 $162,035,218 771 $752,164,492 01

$4

Average Sales Price

582 109

$253K

2014 Lowest Sale

192

Detached Homes Sold: 470 Attached Homes Sold : 192 Other Sales: 109

2014 Highest Sale

SALES VOLUME

138 $128,811,997 248 $243,738,326 236 $228,699,632 169 $170,208,373 791 $771,457,328 2

Buying a Home in 2015

171 608

147 451 2015 Lowest Sale

38

Average Price Average Days Per SQFT On Market

12

Home Sales by Type

HOMES SOLD

1 $4

Average Sales Price

Buying a Home in 2014

176

470

35

Financing: 75% = $572,718,599 Cash: 23% = $168,219,593 Other: 2% = $11,226,300

Q1 Q2 Q3 Q4 YTD

3 9 2 5, 5 7 $9 201

Average Price Average Days Per SQFT On Market

13

2015

193

Financing: 77% = $570,026,006 Cash: 22% = $194,047,522 Other: 1% = $7,383,800

Home Sales by Type Detached Homes Sold: 451 Attached Homes Sold : 193 Other Sales: 147

2015 Highest Sale

$7.125MIL

Q1 Q2 Q3 Q4 YTD

SALES VOLUME

$264K

HOMES SOLD

$6.7MIL

2014

All information is deemed reliable but not guaranteed. Data from SANDICOR, Inc. for 1/1/14 through 12/31/15, and represents properties listed or sold by various brokers. Carmel Valley sales data represents all properties sold in Carmel Valley, 92130. If your property is currently listed, this is not meant as a solicitation.

2015 Anderson Coastal Properties in Review 2362 LOZANA ROAD Represented Seller SOLD IN MULTIPLE OFFERS

2929 SANDY POINTE #18 Represented Seller HIGHEST PRICED 2 BEDROOM EVER SOLD IN PLAYA DEL MAR

1145 CREST ROAD Represented Buyer ALL CASH OFFER! 5367 RENAISSANCE AVE Represented Seller ALL CASH OFFER!

14249 RECUERDO DRIVE Represented Seller SOLD IN 4 DAYS!

3890 NOBEL DRIVE Represented Seller SOLD IN MULTIPLE OFFERS $125K OVER LIST PRICE

2253 CAMINITO PAJARITO #192 Represented Buyer IN MULTIPLE OFFERS

Notable Properties ADDRESS REPRESENTED

723 Avocado Place 920/922 Stratford Court 13566 Sage Mesa Road 378 Windy Lane 14074 Mercado Drive 3890 Nobel Drive 2362 Lozana Road 2929 Sandy Pointe #18 1145 Crest Road 2253 Caminito Pajarito #192 14249 Recuerdo Drive 9280 Towne Center Drive 3877 Pell Place #215 5367 Renaissance Ave 3816 Shasta Street 751 Hoska Lane 1441 9th Ave #2103

Buyer Buyer Buyer Seller Seller Seller Seller Seller Buyer Buyer Seller Buyer Seller Seller Buyer Seller Buyer

www.AndersonCoastal.com

CA BRE # 01204280

Treat yourself to the best in the business – the Anderson Coastal Properties team! We listed our house with Jennifer & Nancy Anderson and were thrilled with the results: exceptional service and communication; a thorough, creative marketing strategy; superior market knowledge and experience; and best of all, a “sold” sign on our house within 4 days!

– Jim & Vicki | 14249 Recuerdo

We believe in providing an unparalleled comprehensive residential transaction experience for home buyers and sellers throughout Del Mar, Solana Beach and Carmel Valley. We are passionate about our profession – we love using our negotiation skills and marketing expertise to help you succeed. We are grateful for our clients.

CONSIDERING BUYING OR SELLING? We would be thrilled to help!

Contact us at 858.524.3077 to learn about • Our Negotiation Strategies • Our Design/Spacial Consultation

• Our Strategic Marketing Plan • How We Will Help You Achieve Your Real Estate Goals

Jennifer Anderson | Nancy Anderson CA BRE# 01885540 | CA BRE# 01963802

858.524.3077

Jennifer@AndersonCoastal.com Anderson Coastal Properties 1424 Camino Del Mar | Del Mar 92014

www.AndersonCoastal.com

All information is deemed reliable but not guaranteed. Data from SANDICOR, Inc. for 1/1/14 through 12/31/15 and represents properties listed or sold by various brokers. If your property is currently listed this is not meant as a solicitation.