For Sale By The Beach

237 VIA DEL CERRITO l ENCINITAS l CA l 92024 Exceptional Modern Coastal Design - Tailored, but relaxed, this SINGLE LEVEL residence is drenched in California sunshine. A vast .50-acre pool-sized lot encompasses 4 spacious BR's + 3.5 BA's, all under a 3487 sq ft single story roofline of ambient, peaceful, thoughtful design. Meticulously hand-crafted with the utmost of care & attention to detail, this Work of Art flawlessly integrates Interior + Exterior Space, Natural Li...ght & Tranquil Settings. Soaring Ceilings, Walls of Glass, and Exquisite Finishes. C A T I B Y R N E l 760.518.9698 l [email protected] Willis Allen Real Estate DRE# 01430465 https://www.dropbox.com//b2709u/AADrgc7sCIThAVspufwhv7--a

311 8th Street in Del Mar Village - OPEN HOUSE - Saturday + Sunday (8/24 & 8/25) from1 to 5 pm

August 2018 Monthly Snapshot Rising home prices, higher interest rates, and increased building material costs have pressured housing affordability to a ten-year low, according to the National Association of Home Builders. Keen market observers have been watching this situation take shape for quite some time. Nationally, median household income has risen 2.6% in the last 12 months, while home prices are up 6.0%. That kind of gap will eventually create fewer sales due to affor...dability concerns, which is happening in several markets, especially in the middle to high-middle price ranges. Closed Sales decreased 18.2 percent for Detached homes and 17.3 percent for Attached homes. Pending Sales decreased 6.3 percent for Detached homes and 5.8 percent for Attached homes. Inventory increased 15.4 percent for Detached homes and 31.5 percent for Attached homes. The Median Sales Price was up 9.8 percent to $670,000 for Detached homes and 6.3 percent to $425,000 for Attached homes. Days on Market remained flat for detached homes but increased 9.1 percent for Attached homes. Supply increased 21.7 percent for Detached homes and 43.8 percent for Attached homes. While some are starting to look for recessionary signs like fewer sales, dropping prices and even foreclosures, others are taking a more cautious and research-based approached to their predictions. The fact remains that the trends do not yet support a dramatic shift away from what has been experienced over the last several years. Housing starts are performing admirably if not excitingly, prices are still inching upward, supply remains low and consumers are optimistic. The U.S. economy is under scrutiny but certainly not deteriorating.