In addition to his educational qualifications, Tom Mattix is consistently backed by his clients, who appreciate his attention to detail, discipline, and vibrant personality. To show their appreciation, Tom has been recognized as one of the top-ten real estate agents in all of San Diego County by the San Diego’s Best 2011 Union-Tribune. That coupled with being chosen as the “Five Star: Best in Client Satisfaction Real Estate Agent” every single year since the award’s inception in 2007, and having the highest scores possible as a Quality Service Platinum Certified (QSC) professional truly shows that Tom Mattix is one of the premier San Diego REALTORs®. >>> Read Testimonials From Previous Clients
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August 28, 2014 by Tom Mattix
San Diego Open House This Sunday 8/31; 12 – 4 pm! Looking for a Rancho Santa Fe Type Gorgeous Estate @ 33% the Price plus 270 deg Panoramic Views of Mountains, Hills, Mexico, & the Ocean? You also want 23 Acres Surrounded by Never-to-be Built Upon Open Space & Poway Unified School Options? “Amazing” & “Rare”!!! This Estate on the Poway/Scripps/Lakeside border is one very unique,“over-the-top” homestead. The home sits on top of the highest peak in the area with incredible 270 degree panoramic views. One look and you’ll agree the views from this home are THE best in the county! Sunrise and sunsets anyone? How about 23 acres of absolute serenity/privacy surrounded by never-to-be-built-upon open space, a custom built 3,741 SF, 4 bedroom, 3.5 bath resort w/ luxurious interior, the highest quality furnishings, XL 3 car garage w/ addt’l tool room and an outdoor entertainment mecca: … Continue reading
August 27, 2014 by Tom Mattix
San Diego Real Estate: A Buyer’s or Seller’s Market? The attached map depicts which states are presently favorable to buyers or sellers based on that state’s current inventory and average days on the market. Currently, many of the west coast and southwest states, including California, are seller’s markets. In those states, inventory is lower than normal, buying is competitive and sellers may be able to command higher asking prices. In contrast, most of the Atlantic Seaboard is currently a buyer’s market, indicating that there are more homes on the market than usual and completed sales are at a slower pace. This can give buyers greater negotiating power. If you would like specific data for the San Diego area please refer to my post below from last Thursday which details local real estate activity that occurred during the month of July for both detached & attached (condo) homes … Continue reading
August 21, 2014 by Tom Mattix
Tom’s August San Diego Real Estate Report This San Diego real estate video report covers central San Diego County by providing data for 20 communities (e.g., Pacific Beach, downtown, Scripps Ranch, etc.) and within the report I will specifically address the latest data and trends for both detached and attached (condo) homes on sales, median prices, inventory, changes from the previous month and the same month last year, interest rate trends and more. The video you are about to see is an abbreviated version of my more in-depth “Real Estate Report” which can be viewed as a printable pdf and is available online HERE.
August 21, 2014 by Tom Mattix
San Diego Real Estate Predictions for the Next 12 Months A just released survey conducted by the National Association of Realtors detailed where Realtors expect the most growth in home prices during the next 12 months. The parts of the country where Realtors expect the most growth, between 5%-7%, include Oregon, Colorado, Hawaii, and Georgia, with the heaviest growth concentrated in Florida, Texas, and California (7%+). The median expected price increase throughout the entire country is at 4%. See the attached graph which depicts the expected growth. Why these states (the states in red)? Because they possess a combination of low home inventory levels, strong cash sales, and strong employment oriented growth sectors such as technology, biotech, oil related, etc. These expectations of course rely on supply and demand of homes on the market as well as demographics in each area and job growth in the state as … Continue reading
August 9, 2014 by Tom Mattix
4393 Summit Drive, La Mesa: $470,000 Tom’s latest San Diego Real Estate update is his newest sold property, a beautiful detached home located high on a hill in La Mesa. This charming corner lot home built in 1951 has superior views of the surrounding community and also of San Diego Bay and evening sunsets. The home sold for a price reflective of its original state when it was built 63 years ago and the buyers are now underway with a near complete remodel. The buyers focused their search and buying decision on: location, floor plan, views, and appreciation potential. Tom represented the buyers.
August 8, 2014 by Tom Mattix
A year ago and specifically in mid June 2013, the world fell apart when the Federal Reserve talked about tapering their monthly purchase of $85B of mortgage-backed securities and other treasuries which had the effect of reducing interest rates and to stimulate the U.S. economy. Almost immediately after the Fed made that announcement mortgage rates jumped almost overnight increasing nearly a full percentage point. More recently rates have fallen…not back to early 2013 levels but not as high as they were in late 2013/early 2014. Here’s a snapshot of rates for the just concluded week which are, by the way, are 2014 lows: 30-year fixed-rate mortgages: averaged 4.12 percent, with an average 0.6 point. Last year at this time, 30-year rates averaged 4.39 percent. 15-year fixed-rate mortgages: averaged 3.23 percent, with an average 0.7 point. A year ago, 15-year rates averaged 3.43 percent. 5-year hybrid adjustable-rate mortgages: averaged … Continue reading
August 2, 2014 by Tom Mattix
The latest Zillow Home Price Expectations Survey was just recently released and I thought that I would share the results as they pertain to San Diego Real Estate. The survey of over 100 economists, real estate experts and investment and market strategists asked panelists to predict the path of home values through 2018. The panelists predicted home prices to grow, on average, 19.5% through December 2018, with the most optimistic quartile of panelists predicting 30.8% cumulative appreciation and the most pessimistic quartile predicting 9.4% cumulative change in home values. During the pre-bubble years from 1987 to 1999, home values grew an average of 3.6% annually. While low mortgage rates are keeping homes within reach of consumers across most of the country, affordability is becoming an issue within a number of markets, including the largest California metro areas. Panelists were asked to identify the primary cause of declining affordability … Continue reading
July 26, 2014 by Tom Mattix
Update in San Diego Real Estate: Just SOLD! 246 Brookview Ct, Santee, CA 92071: $417,000 Tom’s latest San Diego Real Estate update is his newest sold property, a beautiful detached townhome located on a cul-de-sac in Santee, a community very highly regarded for it’s unsurpassed family neighborhood atmosphere, close to parks, shopping, restaurants, trolley, freeways, great schools, etc. Pristine & immaculate in every way w/ a one-of-a-kind open and spacious floor plan, an abundance of upgrades, a HUGE private backyard, A/C, tons of storage, a huge, private backyard and more! Click HERE for more photos. Tom represented the seller.