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Serramar Homes Market Update

In this market update, I have included 2 charts – the first, shows Year-to-Date Serramar home sales and the second outlines Serramar homes that are either in Pending or Contingent status. Just to clarify, Contingent status is typically used for properties that have an accepted offer, but are contingent or “Subject To” certain conditions. Short Sale properties will typically be put in Contingent status after the Homeowner accepts an offer to purchase, the condition being the acceptance of the Short Sale by the Lender(s). Once the Lender(s) approve the Short Sale, the property moves into Pending status until the Close of Escrow.

Year to Date Sales 2012

4 Traditional Sales
3 Short Sales
1 REO (Bank Owned) Sale

Serramar La mesa Home Sales Chart
(click image to enlarge)

Currently Contingent or Pending

7 Short Sales


(click image to enlarge)

It is interesting to note that as of today, there are no Active listing in Serramar, and of the homes that were for sale and have accepted offers all are Short Sales. I am seeing that Serramar Short Sales are being accepted by the Lender(s) involved, and may provide the best option for many Serramar homeowners at this time.

If you would like additional information regarding the information provided or would like to discuss the sale of your Serramar home, contact my office at 619-618-1966 for an appointment.

Niko

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La Mesa Power Outage – Saturday, July 28th

SDG&E is having a planned outage in La Mesa on Saturday, affecting the general area near University Ave and Parks as well as University and Lowell. Serramar will be included in the outage which is scheduled to begin at 3:00 a.m. and lasting approximately 4 hours.

If you have additional questions you can contact Linda Barajas-Rodriguez at 858-654-1197.

Here are some tips from SDG&E’s website in regards to preparing for planned outages.

-If you have medical support equipment that is dependent on electricity, be ready with your back-up plan to maintain the use of your equipment.
-Have flashlights with fresh batteries handy.
-Minimize the opening of refrigerator and freezer doors to maintain temperature.
-Shut off or disconnect all sensitive equipment, such as computers, fax machines, televisions, microwaves, etc. before the outage begins.
-Turn off any major appliances like washers or air conditioners prior to the outage. This will prevent them from unexpectedly coming on when the power is restored.
-Double check to make sure all heat-producing appliances (stoves, toaster ovens, irons, and hair curlers) are turned off. This will minimize any fire hazard if the power is restored while you’re away.
-Notify your alarm and phone company as alarm phone systems can be affected.
-Make sure you know how to override or manually operate your security gates or garage doors.
-If you have a generator, don’t try to energize your house through wall sockets. Please refer to the section on Portable and Standby Generators for more information.