Call us today to obtain a HOME WORTH EVALUATION
with Shannon Biszantz your Real Estate Agent. (619) 417-4655

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State of the Economy in Whispering Palms

Undoubtedly 2008 resulted in most of us just watching our values in our homes decline as well as our stock portfolios. I would like to go over how it affected us in Whispering Palms.

Single family homes:
In 2007 6 detached homes were sold in Whispering Palms. The average asking price per square foot was $476 bringing the average asking price $1,213,000. The average SOLD price per square foot was $423 bringing the average sold price to $1,120,000 leaving an average of 8.3% difference in asking price and sold price

In 2008 7 homes were sold in Whispering Palms. The average asking price per square foot was $405 asking sales price $1,109,000. The average sold price per square foot was $373 and average sold price was $1,017,000. This left us with an average of 9% between asking price and sold price.

Similar to 2007, in 2008 we had a 13% difference in asking price and sold price.

· Between 2007 and 2008 Whispering Palms only had an average of a 10% drop in price of sold homes!
According to the Union Tribune front page article dated January 17th the average sold price in San Diego County dropped 24%!

A few of the reasons I feel our home prices fared better than the rest of San Diego County is below:

· With new home building almost at a standstill resale housing has become and will continue to become in demand.
· Most new developments that surround us also come with Mello Roos tax, which we are very fortunate not to have.
· Our school district that is available to the Children of Whispering Palms residents continues to be one of the best in San Diego.
· The new facility at Morgan Run is attracting new families to live here and enjoy the benefits of the “family areas” of Morgan Run.
·The buyers that our local agents are representing here in Whispering Palms are choosing this area for these reasons as well as our sense of community here.

We also had a few very large sales, one on Via Valle Verde for $1,700,000, one on Via Dicha for $1,369,000 and Avenida Calma for $1,200,000.

Townhome and Condo sales in Whispering Palms did not fare as well. As each development is unique and in my opinion cannot be compared with other developments I have not included this information (the information would take up the whole newsletter).

I have a new tool on my website http://www.shannonbiszantz.com/ called Market Snapshot. You can put in your address and the following questions can instantaneously be answered:

·What is the supply of unsold homes in our neighborhood?
·How fast are homes selling right now?
·How do actual selling prices compare to listing prices in your selected area.

What is unique about Market Snapshot is that it shows you graphs and charts in “real time” for the specific area that you might be interested in. I invite you to log on, explore and enjoy following the local real estate market at no cost to you!

After watching the market for the last few years here in Morgan Run I urge to you consider the following points:

Hire a local realtor who knows this area and the current market prices. It does not benefit a seller to incorrectly price a home, thus missing buyers in the market and prolonging days on market. There are very good realtors in Morgan Run that know this area inside and out. This also benefits the seller because local Whispering Palms agents are also representing buyers who are looking to buy here. Most of us agents talk regularly and share information on what we are looking for, for our clients.

No matter who you choose, always select a realtor to represent you for your real-estate needs!

Posted by Shannon Biszantz

About Shannon

Shannon Biszantz is a San Diego native from elementary school through university

Rancho Santa Fe Elementary School
Torrey Pines High School
University of San Diego

Shannon graduated with a Business Administration Degree from USD and has spoken in the business department and to the Alumni on Small Business Management, Entrepreneurship and Global Manufacturing and its relation to the U.S. Economy.

In the mid 90’s Shannon started a contract manufacturing company in San Diego servicing the Biotech, Medical Device and Defense Industries. After 10 years of being 1 of only 2 women in California to direct and lead a company in this field, Shannon retired from her position of Vice President of Sales and Marketing to start a more enjoyable career in the real estate sector.

“My personal experience in buying and selling real estate has been financially as well as emotionally rewarding. For years I have contemplated a career in real estate where I could enjoy what I do. My extensive real estate knowledge of San Diego has helped me spot solid investment properties in our area and capitalize on those investments. I look forward to sharing that experience and helping others find their dream home.”

Shannon’s philosophy on servicing your real estate needs:

“My goal is to dedicate myself to representing the interests of my clients in all aspects of the buying and selling process.”

“Buying or selling can often be an emotional process. My mission is to make the transition for you as smooth as possible. If you choose me as your realtor, I will be by your side through all the steps of the buying/selling process. As my client, I will be primarily concerned with representing your needs.”

Shannon Biszantz has lived in La Jolla, Del Mar Heights, Olde Del Mar and now presently lives on the golf course at Morgan Run in Rancho Santa Fe.

Shannon Biszantz’ Social Affiliations:

Morgan Run Country Club (Ladies Golf Club Member and Team Golf Member)

Santa Margarita Woman’s Golf League

Aztec Working Dog Club of Ramona

German Shepherd Club of San Diego

USD Alumni

For more information about the “Biszantz Connection” … please visit “Cobra Farms”
For more information on Shannon’s favorite charity … “Tranquility Farm” … where racehorses have a save place to live the rest of their lives!

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Shannon Biszantz

Shannon Biszantz

Shannon Biszantz reviews

CalBRE #01787015
16236 San Dieguito Road, Suite 4-12,
Rancho Santa Fe, CA 92067

Work Cell: 619-417-4655
Office: 858-755-0075




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