San Diego Home Info by Gretchen Pagnotta

Archive for the 'Hacienda Sur' Category

Santaluz Market Trends 2011

Santaluz Market Trends Year to Date

I will provide complete year end trend and statistics but today am reviewing uo to 12/23/11.  Out of 64 closed sales year to date within the gates of Santaluz, 23 were noted in the MLS as distressed sales.  Distressed sales are short sales or bank owned REO).   The distressed sales drag down values but are not always the best values due to location and condition. The buyer is purchasing “as is” and may have to make improvements.  The short sales require long escrow periods.  I know of several short sales where lenders refused offers and yet in the final process and after continued market periods ended up accepting even lower offers.  This can be frustrating to both buyers and sellers.

Santaluz Lowest Priced Home Closed in 2011

The lowest price home to close in 2011 was a Spanish Bungalow, Plan 1 single story, 2970 sq ft on 14649 Caminito Lazanja. This was a lovely home that was purchased in 2005 for $1,150,000. It was listed for $850,000 in 2010, lowered to $695-750,000 range and finally closed as a short sale at $618,000.  This home was in escrow a few times while awaiting a lenders approval for a short sale.  This is a prime example of never knowing what a lender will accept for a sale and when they will accept it. This is why many buyers will make multiple offers on homes and why they “walk” because they may take an accepted offer on another home they have a contract on. If you want more information on purchasing or selling  short sales we are always available to guide you in the process.

Factors Affecting Value in Santaluz Homes

 Location, location, location is always a huge factor in value. The locations in Santaluz that are least desirable have road noise (Camino Del Sur is only getting busier with increased traffic noise), back to other homes with little privacy as far as angle and landscaping, are in the direct path of golf balls (evidence is the multiple golf balls) and yard size.  Naturally the homes that are most desirable have views, lovely backyards with space for entertaining and money spent on  hardscape, well planned floor plans (customs can be too ”unique”) and homes that are  well maintained with desirable features.

 Closings for  Santaluz  Production Homes in 2011 uder 5000 sqft

The production homes are all the homes that are not “custom.” The total number of production homes are 71 Davidson, 65 Warmington (Belsera), 64 Spanish Bungalow, 63 Garden Homes, 55 Posadas, 50 Hacienda Sur,80 Sentinels and 80 casitas. The average from this list below  is a closed sale of $998,636 for 4br/4ba at $291.27 sqft. In determining value we always separate the distressed sales from the o sales and then consider all factors in pricing a home. I will be writing a blog on what Santaluz Home sellers need to do to sell in 2012..stay tuned!

Closings for Santaluz

Closings for Santaluz Homes 5000 sqft+: I will write this blog at a later date..stay tuned!

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Santaluz Homes In Escrow for October 2011

Santaluz Home Sales for October 2011

The name of the game in Santaluz for October is “watch and wait.”  There have been few closings as we wait for a number of homes to close escrow.  We are one of the agents that have been waiting for a closing.  The lenders are giving us reasons for sleepless nights as they delay loan approvals.  When speaking with a well known and respected loan officer just yesterday we were in agreement on one thing, “preapproval means nothing.”  It has become a standard practice in real estate to request buyers to be “preapproved” for a loan. In the past it was “prequalification.”  Currently we have lenders run a credit report and obtain detailed information on a buyers employment history and assets.  Somehow even going through a preliminary process does not insure the buyer will in fact pass all underwriting requirements and obtain a loan in a timely fashion.  Our 17 day contingency periods stretch on leaving sellers frustrated and wondering if they really are going to close an escrow on their homes. 

Santaluz Shorts Sales and Bank Sales Slow The Escrow Process

The homes that are offered as short sales require a longer escrow period.  Once an offer is obtained on a short sale a Short sale package is submitted to the lender.  This package has information on the owner such as a “hardship Letter”, their assets and justification for requesting a short sale and the offer on the property. The lender will request comparable sales and eventually the lender will do their own appraisal of the property.  In the meantime, time marches forward.  Many buyers simply will not wait for the process.  When this happens the home goes back on the market and process starts all over again.  The homes that are awaiting a lenders approval of the short sale is reported in Sandicor (MLS) as “Contingent.”  Once the lender approves the offer it can be reported as “Pending.”

Santaluz Homes Currently in Escrow

The following homes are currently waiting to close an escrow.  Let’s hope I can report them as a closed sale on a future blog!

SANTALUZ CONTINGENT SALES

1.  Caminito Lazanja: 3892 sqft listed for $850,00-$875,000

2. Sentinel: 2545 sqft listed for $999,000

3. Tierra Tesoro: 4735 sqft( listed at 4259 sqft but it is a Plan 3 Belsera) listed at $1,100.000

4.  Doug Hill: 4854 sqft listed at $1,499,000-$1,699,000

5. Northern Lights: 6336 sqft listed for $1,900,000

6. Northern Lights: 6990 sqft listed for $2,000,000-$2,200,876

SANTALUZ HOMES IN PENDING STATUS

1. Run Of The Knolls: 2900 sqft listed for $830,000

2. Santaluz Village Green East:  2,248 sqft listed for $839,900

3. Garden Ct: 3,323 sqft listed for $945,000

4. Briza Placida: 3,851 sqft listed for $$1,098,000

5.  Caminito Camelia: 4,453 sqft listed for $999,000-$1,098,888.

6.  Entrada Lazanja: 3,990 sqft listed for $1,199,000

7.  Doug Hill Ct: 3,706 sqft listed for $1,199,900-$1,299,900

8.  Montien Rd: 6,337 sqft listed for $$2,495,000

9. Cmto Santaluz East : 6,364 sqft listed for $2,749,000

10.  Run Of The Knolls: 7,659 sqft listed for $2,995,000

11.  Northern Lights: 8,859 sqft listed for $3,495,000

12.  Doug Hill: 7,846 sqft listed for $3,995,000.

If you are curious about the current value of your home we are always happy to meet with you and provide a detailed market analysis.  If you would like more information on Santaluz please review some of my Santaluz blogs including Market Trends.  We live in Santaluz and are your Santaluz Resident Agent Realtors!

* The above information was taken from Sandicor on 10/30/2011 and is accurate but not guaranteed. It reflects activity by various participating brokers.

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Santaluz Open House July 10, 2011

Come see a Hacienda Sur Home on a Gorgeous View Lot!

7773 Doug Hill Court is Open House Sunday July 10, 1-4!

This home is an entertainer’s dream with a bubbling spa, BBQ Island, covered loggia with fireplace and ample patio space in the backyard.  3 bedrooms+office in @3700+ square feet of well planned living. Behind the gates of Santaluz offering a lifestyle like no other in San Diego. A Santaluz Hacienda level membership is included to add value!

We're sorry, but we couldn't find MLS # 110028142 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

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Santaluz View Home Just Listed

Hacienda Sur with Panoramic Views

Presenting 7773 Doug Hill Court

I love this property! Sited on a large .54 acre lot which affords privacy the views are incredible. It is difficult to find a view home in Santaluz on this size lot in a home under $1.5! This Centex built Hacienda Sur has a floor plan that will suit many buyer requirements.  There are 3 bedrooms and an office on the first floor. 

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Santaluz: Haciendas Sur Floorplans

Haciendas Sur by Centex Homes

These homes were built in 2003-2004 and many were sited on impressive lots showcasing golf course views.  The lots are larger than most of the production homes in Santaluz; .40+ acre.  They range from a single story 3200 sqft to a 2 story 3800 sqft.. There were 3 basic floor-plans but different options in room arrangement and planning.  For instance in the plan 1 you could have a casita (bedroom3) that has only an exterior entry or you could have Bedroom 3 with interior access.  Most of the homes have been upgraded from builder standards and many have spas, pools, outdoor kitchens and other features that allow integration of exterior and interior living.All have 3 space garages.As with all the homes in Santaluz they are part of the acclaimed Poway Unified School District.  For current availability and pricing please contact me; GBPagnotta@gmail.com. They do range from @$1.175,000-1.350,000.

For more floor-plans and Santaluz Information CLICK HERE!

Santaluz Haciendas Sur have larger lots

Residence One: 1 story, 2 bedrooms +casita or 3 bedrooms 3217 sqft

Residence 2: Master on first floor, 3552 sqft

Residence 3: Master on 2nd floor, 3703 sqft

 To find the value of your home: Click Here!

RESIDENCE ONE

RESIDENCE THREE

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