Gorgeous Panoramic Ocean views from almost every room in this elegant 4 bedroom plus office and 5.5 bathroom is an entertainers dream! Enjoy multiple private ocean view terraces from every bedroom, majestic staircase with iron handrail, limestone and hardwood floors throughout, wine room, crown molding, designer kitchen with stainless steel appliances, fully landscaped pool and spa with built-in BBQ.
Offered at $4,890,000
Ocean View Del Mar Custom Home – Just Listed by Elaine Gallagher & Associates
13823 Boquita Dr. Del Mar, Ca 92014
4 bedrooms | 3.5 baths | 3,403 square feet
Del Mar Custom home West of I-5 with Ocean Views! Shows in immaculate condition, newly painted throughout, new carpet, 3 fireplaces, slab granite kitchen counters, central vacuum, oversized backyard with fountain for relaxed entertaining family and friends year-round. Only a few blocks to Del Mar beach, shops, parks, schools, restaurants, and Torrey Pines beach!
Contact team for all Inquiries – 858.481.9909
Buying a home costs money. Lots of money. There’s the down payment and the monthly mortgage payment and the maintenance and taxes and the insurance and… Are you overwhelmed yet?
It might seem like so much that you just want to put off the house hunt and sign that yearlong lease with your landlord (even though he upped your rent 25% and will likely do the same next year).
But this is going to blow your mind: Even with all of those costs, you still stand to save more than $200,000 over the next 30 years if you buy right now.
Yep, that’s right. There’s a financial benefit—and, similarly, a financial penalty—forevery single day you pay your landlord instead of your mortgage company. At a national level, the 30-year financial benefit of owning today is $217,726, according to our economic data analysts, who crunched the numbers to determine the relative merits of buying vs. renting. (Their work doesn’t capture qualitative advantages such as more control over your living situation, flexibility with pets, and, generally, more options—all things many potential home buyers would argue are equally, if not more, important when deciding whether to take the plunge.)
Postpone for one year, and you’re losing out on an estimated $18,672 in savings. Delay for three years, and that figure jumps to $54,879.
“We’re at a critical juncture: Rents, home prices, and mortgage rates are all expected to rise significantly over the next several years,” Smoke says. “That means the cost of delaying homeownership will go up even more sharply, if you wait three years or even one. It’s much like the decision to start contributing to a 401(k). Delay contributing, and you lose out on the compounding returns.”
‘Financial calculus’ confirms it’s wise to buy ASAP
Smoke and his team used a lot of factors to come up with these estimates, and they made quite a few assumptions as well.* For instance, they assumed that any money saved by renters would be invested, and that the investment would enjoy a compound annual growth rate of 5% (that’s consistent with conservative long-term expected market returns).
The publisher of the Los Angeles Times is buying U-T San Diego for $85 million, strengthening its presence in Southern California and putting the top newspapers in the state’s two largest cities under common ownership.
Tribune Publishing Co., owner of the Times, Chicago Tribune, Baltimore Sun and other publications, said Thursday that the 145-year-old U-T would remain a separate newspaper.
The U-T has an average print circulation of 268,038 on Sundays and between 177,885 and 216,417 on weekdays, trailing Digital First Media’s combined Los Angeles-area publications. The U-T’s circulation trails the Orange County Register on Sundays but is ahead on weekdays.
Tribune Publishing’s newspapers were spun off from Tribune Media last year as a separate, publicly traded company based in Chicago.
“The acquisition of San Diego Union-Tribune and its related community properties is expected to be accretive to Tribune Publishing and reflects our continuing drive to create value for our shareholders,” Jack Griffin, CEO of Tribune Publishing, said in a statement on Thursday. “This represents another step forward in our strategy to leverage our publishing infrastructure, resources and management teams.”
First impressions count — not just for your friends, relatives, and the UPS guy, but for yourself. Whether it’s on an urban stoop or a Victorian front porch, your front door and the area leading up to it should extend a warm welcome to all comers — and needn’t cost a bundle.
Here’s what you can do to make welcoming happen on the cheap.
1. Clear the way for curb appeal. The path to your front door should be at least 3 feet wide so people can walk shoulder-to-shoulder, with an unobstructed view and no stumbling hazards. So get out those loppers and cut back any overhanging branches or encroaching shrubs.
2. Light the route. Landscape lighting makes it easy to get around at night. Solar-powered LED lights you can just stick in the ground, requiring no wiring, are suprisingly inexpensive. We found 8 packs for under $60 online.
3. Go glossy. Borrow inspiration from London’s lovely row houses, whose owners assert their individuality by painting their doors in high-gloss colors. The reflective sheen of a royal blue, deep green, crimson, or whatever color you like will ensure your house stands out from the pack.
Related: Pictures of 10 Great Value-Add Exterior Paint Jobs
4. Pretty up the view. A door with lots of glass is a plus for letting light into the front hall — but if you also want privacy and a bit of decor, check out decorative window film. It’s removable and re-positionable, and comes in innumerable styles and motifs. Pricing depends on size and design; many available for under $30.
A way to get the look of stained glass without doing custom work or buying a whole new door: Mount a decorative panel on the inside of the door behind an existing glass insert, $92 for an Arts and Crafts-style panel 20-inches-high by 11-inches-wide.
5. Replace door hardware. While you’re at it, polish up the handle on the big front door. Or better yet, replace it with a shiny new brass lockset with a secure deadbolt. Available for about $60.
6. Please knock. Doorbells may be the norm, but a hefty knocker is a classic that will never run out of battery life, and another opportunity to express yourself (whatever your favorite animal or insect is, there’s a door-knocker in its image).
7. Ever-greenery. Boxwoods are always tidy-looking, the definition of easy upkeep. A pair on either side of the door is traditional, but a singleton is good, too. About $25 at garden centers. In cold climates, make sure pots are frost-proof (polyethylene urns and boxes mimic terracotta and wood to perfection).
8. Numbers game. Is your house number clearly visible? That’s of prime importance if you want your guests to arrive and your pizza to be hot. Stick-on vinyl numbers in a variety of fonts make it easy, starting at about $4 per digit.
9. Foot traffic. A hardworking mat for wiping muddy feet is a must. A thick coir mat can be had at the hardware store for less than $20. Even fancier varieties can be found well under $50.
10. Go for the glow. Fumbling for keys in the dark isn’t fun. Consider doubling up on porch lights with a pair of lanterns, one on each side of the door, for symmetry and twice the illumination. Many mounted lights are available well under $100.
11. Snail mail. Mailboxes run the gamut from kitschy roadside novelties masquerading as dogs, fish, or what-have-you to sober black lockboxes mounted alongside the front door. Whichever way you go, make sure yours is standing or hanging straight, with a secure closure, and no dings or dents. The mail carrier will thank you.
L’Auberge Del Mar, A Destination Hotel, is debuting Coastline, an open-air restaurant offering exquisite views of the Pacific while wowing diners with dynamic Coastal Californian Cuisine. Coastline brings a creative approach to seafood-centric dining, highlighting all the best San Diego has to offer from “bubbles, bites and brews” to nature’s coastal views and Pacific sunsets.
Coastline embraces the elegant spirit of L’Auberge Del Mar, yet represents the casual vibe of the coast, offering cuisine paired with local craft beers and signature cocktails. The cuisine is true to Southern California with classical and contemporary approach and ingredients, but also has influences of Baja.
At Coastline, every seat on the terrace provides spectacular views of the Pacific coast. The dramatic hues of blue tabletops and wood deck flooring lend an authentic beach feel.
The menu’s abundant seafood choices are accented with playful spices and cooking techniques that showcase Coastline’s chefs. Start with classic breakfasts served with ocean breezes. Items include Baja-inspired favorites and California-sourced eggs and fruits. Enjoy coffee and espresso from local purveyors as well as newspapers delivered by your server.
17835 Avenida Amatista, Rancho Santa Fe
6BR/6.5BA 6,234 sqft
Offered at $2,150,000
For more information contact Elaine Gallagher at 858-481-9909
Mortgage rates remained steady this week — again. They finished the week close to where they started.
However, there’s good news for pretty much everyone nationwide — the spring buying season is getting off to a better start than expected! Home sales have gone up 10.4% and prices have gone up 7.8% across the U.S., with the west coast 11.3% up in sales and 8.3% up in prices. It’s a very strong market for both buyers and sellers. Existing home sales came in at 5.19 million versus a 5.03 million estimate, a 6.1% gain for March.
Sales of previously owned homes jumped in March by the most in four years, putting the U.S. residential real estate market on firm footing heading into the busiest time of year.
Purchases increased 6.1 percent to a 5.19 million annualized rate, the highest level since September 2013, figures from the National Association of Realtors showed Wednesday in Washington. Houses were snapped up in 52 days on average, the fastest since July, and property values appreciated.
“It’s consistent with a bit of a spring rebound,” said Gennadiy Goldberg, a strategist at TD Securities LLC in New York, whose forecast for a sales rate of 5.2 million was the closest in the Bloomberg survey. “You’ve had more job growth over the last year or so. A lot of those people who did find employment would be driving some demand for housing.”
The share of first-time buyers inched up while distressed properties were a smaller part of the market, indicating a healthier mix in demand leading up to the May through July period when sales typically surge. While the number of homes for sale rose in March for a second month, more listings of cheaper properties would help provide another leg up for housing.
The gain in March was the biggest since December 2010. Figures from the Mortgage Bankers Association on Wednesday showed stronger demand is extending into April. The group’s index of purchase applications climbed last week to the highest level since June 2013.
Stocks rose toward all-time highs and Treasuries fell for a third day. The Standard & Poor’s 500 Index advanced 0.5 percent to 2,107.96, within 12 points of a record high. The yield on 10-year notes rose seven basis points, 0.07 percentage point, to 1.98 percent at 4:24 p.m. in New York.
While a lean supply of properties for sale has been a hurdle for housing, an increase in inventory last month indicates sellers are confident buyers will emerge as the weather warms. The Realtors group said that 40 percent of homes sold in March were on the market for less than a month.
The number of existing properties for sale rose 5.3 percent to 2 million in March from a month earlier, according to the NAR. At the current pace, it would take 4.6 months to sell those houses compared with 4.7 months at the end of February.
“For inventories, the trajectory of home prices will be a key driver in the decision for an owner to put their home on the market,” Wells Fargo Securities LLC economists Mark Vitner and Anika Khan wrote in a note to clients.
The median price of an existing home surged 7.8 percent from a year ago, the most since February 2014, to $212,100. Figures Wednesday from the Federal Housing Finance Agency showed the cost of a purchased house was 5.4 percent higher in February from the same time last year, matching the biggest gain since May.
“Housing is recovering but home prices are rising too fast,” Lawrence Yun, NAR chief economist, said in a news conference as the figures were released. “The only way to relieve housing cost pressure is to have more supply coming onto the market.”
An increase in supply of new homes, particularly for Americans at the lower end of the income scale, would help, Yun said. Data last week from the Commerce Department showed builders are in little rush. Housing starts rose less than forecast last month following a February pace that was the weakest in more than a year.
Estimates in the Bloomberg survey of 80 economists for existing-home sales ranged from rates of 4.85 million to 5.2 million. February’s pace was revised to 4.89 million from a previously reported 4.88 million.
Purchases increased in all four U.S. regions, led by a 10.1 percent gain in the Midwest. They were up 6.9 percent in the Northeast, 6.3 percent in the West and 3.8 percent in the South.
Sales of single-family homes increased 5.5 percent to an annual rate of 4.59 million, the most since August 2013, while closings on multifamily properties including condominiums advanced 11.1 percent.
Meanwhile, a smaller share of short sales and foreclosures is creating more opportunity for other sellers. Purchases of distressed properties accounted for 10 percent of the total, down from 11 percent a month earlier.
The housing market had been struggling to gain momentum in recent months as rising property values limit purchases by those who are more sensitive to prices, such as young adults and low-income Americans. Federal regulators late last year adjusted mortgage rules to reduce risks for lenders and cut premiums and down payments for lower-income borrowers.
A slowdown of home buying by investors has also created an opening for those looking to make their first-ever purchase. First-time buyers accounted for 30 percent of all purchases in March, up from 29 percent a month earlier, the NAR’s report showed.
Homebuilders are confident better times are ahead. The National Association of Home Builders/Wells Fargo sentiment gauge rose in April to a three-month high amid improved buyer traffic and a better sales outlook. Lenders are also upbeat.
“Interest rates remain low, homes are affordable, consumer and small business confidence remains high, and the labor market is approaching full employment,” John Stumpf, chief executive officer at Wells Fargo & Co., the nation’s largest home lender, said on an April 14 earnings call.
As the Federal Reserve considers raising interest rates for the first time since 2006, the prospect of higher borrowing costs may persuade those who are hesitant to take the plunge. The average rate for a 30-year fixed mortgage was 3.67 percent in the week ended April 16, according to Freddie Mac in McLean, Virginia. The rate was 3.59 percent in February, the lowest in almost two years.
In its 70th year, the Del Mar National Horse Show runs from April 16 through May 3 at the Del Mar Fairgrounds Arena.
Elegance, excitement, and excellence are the hallmarks of the show, one of the oldest and most prestigious equestrian competitions in the western United States. A different aspect will be highlighted each week: Western Week (April 16-19); Dressage Week (April 23-26) and Hunter/Jumper Week (April 28-May 3).
Every Saturday night features an exciting equestrian experience. VIP Boxes for the Saturday night events are a great way to enjoy the show and will accommodate up to eight people. Enjoy exceptional tableside service with gourmet food, hors d’oeuvres and wine. Also included are a personalized show box plaque and two parking passes.
Among the highlights:
• Western Week: Four American Quarter Horse Association and Pacific Coast Quarter Horse Association shows, and National Reining Horse Association classes; Night of the Horse with champion horses and riders on April 18, sponsored by Mary’s Tack & Feed.
• Dressage Week: “Evening of Musical Freestyles” dressage competition April 25 with Olympic and World Champion pairs, plus world-renowned Enrique Martinez and his Friesian and Lusitano stallions.
• Hunter/Jumper Week: Horses and riders vie for more than $300,000 in prize money May 2 in the $100,000 Grand Prix of Del Mar; the $10,000 Speed Derby of Del Mar is also May 2.