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With the attention on the holiday season, the month of December is generally a slow time in the real estate market. However, mortgage interest rates just dropped yesterday to the lowest levels since May. This is one of the biggest single day drops on record. The mortgage interest rate for a 30 year fixed is now in the high 6 percect range which is drastically lower than the recent 8 percent rates. This is going to benefit buyers and sellers. Buyers who stay focused on their home search during the holiday season can take advantage of the lower rates and find opportunity as there are always sellers with a need or a desire to sell before the end of the year. Inventory remains low and updated homes that are priced correctly continue to sell quickly. If you are considering selling, let us show you how we can make you more money selling your home using our Compass Concierge Program. If you are considering buying a home, we can help you make an informed buying decision according to your long term goals. Read on for local events in December, real estate news, and discover lifestyle home tips. |
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| It's Taking Americans Much Longer in Life to Buy Their First Home |
| The typical age to buy a first home has jumped to 36 years old, the oldest ever on record. The rising age is a sign that high housing costs and mortgage rates are pushing homeownership out of reach for younger Americans. |
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| | Viejas Outlet Center Ice Rink Rady Children's Rink Liberty Station Point Loma Coronado Skating by the Sea Lake House Winter Wonderland San Marcos Ice Skating on the Farm in Julian |
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| San Diego Botanic Garden Lightscape |
| | Featuring exciting new installations along with returning fan favorites, this one-mile loop has been reimagined to surprise and delight visitors. Merging nature and art, the Garden will come to life at night with festive sights and sounds for all to enjoy. |
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| Jungle Bells at the San Diego Zoo |
| | The Zoo will be glowing with holiday cheer and decorations, with music filling the air, joyful roaming entertainers, and special food items and sweets available. The Zoo lights up the night until 8 p.m. (except December 24th) with amazing entertainment featuring the spectacular show, Aurora. |
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| Winter Wonder at Belmont Park |
| | From classic rides and attractions, festive activities, and family friendly entertainment to holiday treats and cozy drinks, there is something for everyone. Let over one million lights guide you through the park to the Christmas themed cocktail pop-up! Miracle at Draft will feature exclusive original cocktails and over the top decorations. |
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| | Bay Park | Sold for $2,050,000 |
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Our neighbor hired us to sell his beautiful bay and ocean view home in Bay Park after he had it listed for nine months with another realtor. We worked with our stager to refresh and transform the home with luxury staging. We also employed the services of our flooring professionals, roofer, painter, landscaper, window washer, and professional cleaners. Our seller had the opportunity to utilize our Compass Concierge program to cover the costs of all upgrades. We are dedicated realtors who handle absolutely every detail for our sellers and we would love to help you too! |
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| | Mission Hills | Sold for $1,500,000 |
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We are so excited to help our clients buy this beautiful home in Mission Hills! This updated 1920's 3 bedroom, 2 bath, 1,618 sq. ft. home features an open concept floor plan, updated kitchen, and spacious primary bedroom with remodeled en-suite and french doors that lead to a large covered porch. The finished garage features a kitchen, bathroom, and modern glass garage door that opens to an indoor/outdoor entertaining space. The backyard features pavers, turf, and a treehouse! |
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We are so happy for our seller of this urban oasis in the heart of North Park! We received multiple offers and sold his property $30,000 above list price. This remodeled one bedroom, one bath upstairs corner unit condo is nestled in a gated community and features a one car attached garage in addition to one parking space. The living room has vaulted ceilings with wood beams and a cozy electric fireplace. The remodeled kitchen includes stainless steel appliances and granite countertops. Conveniently located within walking distance to restaurants, cafes, breweries, and nightlife. |
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| 12553 El Camino Real Unit A |
| Carmel Valley | Sold for $1,310,000 |
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We are so happy for our sellers of this beautifully remodeled corner unit townhome in the best location of the Crest at Del Mar! We received multiple offers on their home and we negotiated an offer $60,100 above list price! This 3 bed, 2.5 bath, 1,564 sq ft home features dramatic vaulted ceilings and has an abundance of natural light through a multitude of windows. Resort like amenities include lap pool, two spas, and a gym in a well maintained community. Located in a top rated school district and minutes to Del Mar beaches, Torrey Pines hiking trails, and One Paseo. |
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| Lifestyle Tips and Tricks |
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Best Places to Retire in 2024 |
| The Best Places to Retire ranking can help you decide where to spend your golden years. |
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Best Outdoor Christmas Lights |
| After you've decked your halls and your tree, it's time to take the holiday glow outside. Explore lighting ideas for the exterior of your home. |
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| Utilizing Storage to Organize a Home |
| New homes are shrinking in size and storage space, and older homes have their share of storage issues as well, which makes it difficult for homeowners to keep their homes tidy and organized. |
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Maximize the value of your home with Compass Concierge. |
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| | layne.harrison@compass.com rachel.harrison@compass.com |
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Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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