Squatters Still Squatting

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Collateral damage from the on-going No Foreclosure era – hat tip to Richard!

http://www.nytimes.com/2016/05/15/us/las-vegas-squatters-housing-collapse.html

LAS VEGAS — On a drive through this desert city, the blight from the housing collapse of eight years ago can be seen on almost every block: Overgrown yards and boarded-up windows identify the foreclosed and abandoned homes that still pockmark southern Nevada.

But not all of the dwellings are empty.

Squatters have descended on every corner of the Las Vegas Valley, taking over empty houses in struggling working-class neighborhoods, in upscale planned communities like Summerlin, and everywhere in between. And they often bring a trail of crime with them.

While some unauthorized tenants are families seeking shelter, police officers here say they are more frequently finding chop shops, drug dealers and counterfeiters operating out of foreclosed homes. One man who the police say was squatting has been charged with murdering a neighbor during a burglary.

But with a transient population of down-and-out gamblers and a glut of homes that have already been foreclosed, opportunists can still take their pick of thousands of empty houses. Inside one, squatters had scrawled a warning to stay away on a wall: “Violent tweekers on guard.”

In North Las Vegas, Deborah Lewis has seen just about every kind of squatter at the house next door since the owners walked away four years ago.

First, two women said they had just bought the middle-class home, but they stole water from the neighbors’ outdoor spigots at night, because like most abandoned homes this one had no running water. Then came a group of counterfeiters, who left their printing materials visible from the window, Ms. Lewis said. Later groups tore out the stove, refrigerator and copper wire; broke windows; and burned the kitchen floor. Since water at the house had been shut off, they left feces all over one room, a common problem that creates health hazards. (For electricity, those who can afford it can set up accounts with the power company; those who cannot often run wires to nearby utility boxes.)

“It’s been a total circus — you name it, we’ve had it next door,” Ms. Lewis, 58, said. “It’s scary, because you don’t know if these people are packing. One guy came over here, and he was looking in our window. Scary.”

But squatters are getting creative as well. Some repair broken windows and other damage from past squatters, pretending they own the place, neighbors say. At least one group of alleged squatters filed a federal lawsuit in an attempt to keep possession of the $800,000 home in the hills they were occupying, with its pool and views overlooking the Strip. (Repeated calls and knocks on the door at that house went unanswered, even though four people were visible in the living room. The police raided the house and arrested four people on Wednesday.)

In North Las Vegas, Officer Scott Vaughn has investigated 80 squatting cases so far this year, and said he had seen everything: prostitution rings; teenagers using vacant homes for parties; and even a squatter who tried to pull a Jedi mind trick.

“He was staring at me and telling me, ‘You don’t want to arrest me. You want to let me go,’” Officer Vaughn said. “I said, ‘The Force is not on your side today. You’re going to jail.’”

Inventory Watch

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You can’t complain about the inventory count – we’ve had 532 new listings hit the market over the last five weeks.

But what you get for your money might bug you – the list prices are averaging over $400/sf in all price categories, and the median list price of houses for sale between La Jolla and Carlsbad is $2,150,000.

Click on the ‘Read More’ link below for the NSDCC active-inventory data:

(more…)

Sunday Report

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Another steady stream of lookers today at open house, and roughly the same as yesterday which makes for a total of 120+ visitors for the weekend.

Most came with knowledge – online presence is critical!

Though no one complained about the price, everyone is being very deliberate in their investigation – and being somewhat conservative.  It seems that being able to embrace the full set of variables is what matters.

Buyers making logical decisions – it feels like a normal market!

One good offer is in, and a potential for 1-2 more!

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Home Staging

We have mostly older homes around the coastal region that tend to have a dated floor plan – and are filled with dated furniture!  With so many to choose from on the high-end, staging is the most efficient way to create so distance between you and the competition. At this point, I think buyers expect it too.

BEFORE

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AFTER

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http://www.latimes.com/business/realestate/hot-property/la-fi-hp-0514-home-staging-20160514-story.html

An excerpt:

After a walk-through of Schaeffer’s 6,500-square-foot home, Marshall suggested simple fixes: a paint job to remove the wild colors on the walls, removing odd-colored carpets from the rooms and sprucing up the landscaping.

She also swapped out Schaeffer’s colorful furniture for contemporary seating and accessories in more modern white and chrome but kept a few pieces such as coffee tables or simple artwork that wouldn’t be too distracting. Marshall calls this a partial staging, where a few pieces from the owner are retained.

Once done, the home — which Schaeffer spent about $30,000 to stage — was ready for its second debut.

“After she did the staging, we started getting multiple offers,” Schaeffer said. “I got more than I imagined.”

The property, which was listed at $5.2 million, sold for $5.5 million in fall 2014.

A good stager will help a home — not the homeowner — look its best.

“The furniture, accessories and artwork we choose are meant to help enhance the finish of the counters, the color of the walls and floors — everything that you’re buying in a home,” said Marshall.

Though home staging seems very much like interior design, it isn’t, said Meridith Baer, a grande dame of the home-staging industry who has worked with Kanye West, Bob Dylan and Harrison Ford.

“It’s not meant to reflect the style of the clients. It’s not really about them; it’s about selling the home.”

So, that bobbleheads collection? Or that awkward family portrait you have hanging in the living room? That’s all got to go.

http://www.latimes.com/business/realestate/hot-property/la-fi-hp-0514-home-staging-20160514-story.html

Open-House Report

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Today, we conducted our first open examination of what the market will bear for our new listing of 1051 Denise Ct. at the top of the hill in San Marcos.

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Everyone loves the view!

For buyers who have been used to looking at standard tract houses, it comes with a new set of variables that take some digestion.

Most people rarely see this big of a view, and many don’t know what to make of it – plus living on 3.59 acres with septic and solar electric (no gas) can sound a little too adventurous!

But for the view-lovers who desire a specialty property that is ready for move-in, this is a fantastic opportunity!

http://www.zillow.com/homedetails/1051-Denise-Ct-San-Marcos-CA-92078/48180100_zpid/

Open Sunday 12-3pm!

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2016-05-11 19.14.17

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zz zzz

Move to the Backwoods

For those who are looking for a more adventurous lifestyle, consider these outposts – and don’t get put off by the first guy who is spending millions, the rest are cheaper:

Three Pistol Creek cabins are for sale, from $295,000 to $470,000. Potential buyers might want to consult their physician. “We’re all first-aid-trained, but if you really have trouble, and the weather is bad, you’re going to die,” said ranch manager Dave Dewey.

On the bright side, Amazon delivers. Pistol Creek Ranch, which has satellite Internet, is a stop on one of the nation’s last aerial wilderness postal routes.

http://www.wsj.com/articles/buyers-build-upscale-homes-in-the-backwoods-1463062790

First Third of 2016 By Town

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We saw how the La Jolla-to-Carlsbad region had experienced more listings between January and April, but fewer sales for the first time since 2006:

LINK

Let’s break it down by area to see the hotspots.

New Listings and Sales Between January and April

(NL = New Listings)

Area
Zip Code
2015 NL
2016 NL
Chg
2015 Sales
2016 Sales
Chg
Cardiff
92007
43
52
+21%
26
24
-16%
Carlsbad NW
92008
105
97
-8%
53
53
0
Carlsbad SE
92009
288
267
-7%
153
128
-20%
Carlsbad NE
92010
66
62
-6%
42
50
+19%
Carlsbad SW
92011
116
143
+23%
63
78
+24%
Del Mar
92014
93
123
+32%
50
54
+8%
Encinitas
92024
240
263
+10%
152
124
-18%
La Jolla
92037
268
283
+6%
123
104
-15%
RSF
92067
199
226
+14%
69
48
-16%
Solana Bch
92075
43
50
+16%
36
30
-17%
Carmel Vly
92130
260
291
+12%
128
154
+20%
All Above
All
1,721
1,857
+8%
895
847
-5%

The areas that have had double-digit increases in new listings, and also had double-digit decreases in year-over-year sales percentages, are struggling a bit (in bold).  Cardiff and Solana Beach have such small sample sizes that their changes aren’t alarming, so it’s Encinitas and Rancho Santa Fe that stand out.

Any with a big decrease in sales are next on the list (SE Carlsbad and La Jolla).

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