2nd Annual Serramar Community Garage Sale

Serramar Garage Sale

 

2nd Annual Serramar Community Garage Sale
The entire Serramar community is invited to participate in this sale.
Starts: 09/27/2014 07:00 am
Ends: 09/27/2014
Duration: 5 hours:
La Mesa, CA
91941
US

The Serramar community garage sale is open to the general public and the entire community is encouraged to participate.

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Serramar Homes La Mesa Market Update

It has been amazing to see the changes to the real estate market in general and more particularly within Serramar since the beginning of 2014.
In the first quarter the combination of lack of available inventory, low interest rates and a general sense of confidence in the markets overall resulted in double-digit price increases for existing homes throughout the area.

Serramar

Homes in Serramar have finally turned a pivotal corner, both in market psychology as well as valuation. Since most of the homes were built and sold at the peak of the real estate bubble, there was no place to go but down. Values for Serramar homes bottomed out, some of them losing as much as half of their purchase price. During the last five-ish years we have seen a measured reduction in distressed sales which has supported a firming of prices and slow resurgence of home equity.

Serramar Homes for Sale

Here is the good news. As of today, there are 5 Active listings in Serramar – none of which are distressed sales. This is a great signal for the overall health of the market. I anticipate that moving forward we will continue to see equity sales and a steady firming of prices.

Market Trends

Below is a chart of the Median homes prices and inventory levels in La Mesa (91941). Since the beginning of the year we have a generally positive rise in Median home prices. The Most recent decline is due to additional inventory coming to market. See next chart below.

 

As you will notice, inventory was critically low in the first quarter, resulting in the spike in Median prices. The market is cyclical and in response to low inventory, seller’s bring homes to the market to capitalize on the increase in prices. In turn, price is tempered by the increase in choice.

What next?

If you are interested in a more in-depth conversation or want a deeper dive into what is going on in the marketplace, head on over and grab one of my detailed Market Reports or just call to set up a time to discuss.

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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.

OPEN HOUSE – December 4th from 1-4 p.m. at 7676 Seattle Drive

I’ll be hosting an open house tomorrow, December 4th on Seattle Drive. Come by and take a peek, or call someone you know who is interested in Serramar.
This home is a residence 1, consisting of 3 bedrooms, 2.5 baths of approximately 2,077 square feet.
The list price is $449,000.
I hope to see you out there tomorrow.

Niko

Serramar Homes Community in La Mesa, Ca.

Situated atop one of La Mesa’s most picturesque locations, Serramar was built by Lucas & Mercier development. The community consists of 228 two-story homes from 2,077 to 4,264 square feet.

Each home in Serramar has been positioned to take advantage of the fantastic views afforded to the residents from Coronado Island to the South, Downtown, Point Loma and La Jolla to the West as well as Ramona and Mt. Helix to the East.

The Serramar community is conveniently located, with easy access to highway 94 as well as highway 8. From highway 94, Downtown San Diego is only a 12 minute commute! Downtown La Mesa is minutes away, with an array of quaint, mostly locally owned shops in the business district. Downtown La Mesa is a vibrant community, with annual events such at car show/cruise nights during the summer, Oktoberfest in the Fall as well as year round farmer’s markets and abundant eateries within walking distance.