Kali Real Estate

Property Management in Chula Vista & Bonita

What Is Happening In The 805 Freeway

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Freeway Improvements Start in South County

Project Provides New Transit Options for Travelers

Crews have begun work on the firstย phase of the Interstate 805 (I-805) Southย Project, a $1.4 billion effort to create a

modern transportation backbone that willย meet the future needs of travelers in ourย region. Once completed, the project willย offer new transportation choices, relieveย traffic congestion, and improve the qualityย of life in the South County. Additionally,ย improvements to I-805 will helpย accommodate the projected populationย and employment growth in the region andย enhance goods and services movementย throughout the corridor.

Work has begun on the first of twoย phases of the I-805 South Project. Theย start of the first phase includes building
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one High Occupancy Vehicle (HOV), orย carpool lane, in each direction along an eight-mile segment stretching from East Palomarย Street in Chula Vista to State Route 94 (SR 94) in San Diego. Phase 1 also includes theย construction of a Direct Access Ramp (DAR), Transit Station and Park & Ride at Eastย Palomar Street in Chula Vista. Additionally, sound walls will be constructed along the routeย to help reduce freeway noise. Phase 1 is scheduled to be completed in 2014.

The second phase of the I-805 South Project will further increase transportation choicesย by expanding the HOV lanes into Express Lanes for a total of four lanes, two in eachย direction. The Express Lanes will serve the planned South Bay Bus Rapid Transit (BRT)ย project, carpools, van-pools, buses, motorcycles, permitted clean air vehicles, and soloย drivers using the FasTrakยฎ electronic tolling system. Phase 2 also includes the addition ofย in-line transit stations built in the freeway center median and freeway-to-freeway directย connectors. Work on the second phase of the project is scheduled to begin in 2015 andย be completed in 2020.

 

Source:ย http://www.keepsandiegomoving.com/Libraries/I805-Corridor-doc/SAN_805_ART_Newsletter_070612_FINAL-web.sflb.ashx

The Ripple Effect

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the-ripple-effect

For each home purchase, approximately $60,000 of direct and indirect spending occurs in the economy.

Home sales in this country generate more than 2.5 million private-sector jobs in an average year.

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Sources: California Association of Realtorsยฎ and NAR

California’s Improving Markets

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Californias-Improving-Markets

The number of improving housing markets continues to expand, as reported by the National Association of Home Builders (NAHB) and several are in California! NAHB’s First American Improving Markets Index (IMI) Identifies metro areas that have shown improvement from their respective lowest points in housing permit, employment and house prices for at least six consecutive months.

Growth In Housing Permits From Their Lowest Point

Bakersfield, CA 12.1%

Chico, CA 3.3%

Fresno, CA 4.0%

Los Angeles, CA 2.3%

Modesto, CA 6.3%

Oxnard, CA 11.2%

Redding, CA 21.0%

Riverside, CA 5.1%

Sacramento, CA 8.1%
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San Diego, CA 2.3%

San Francisco, CA 2.4%

San Jose, CA 4.9%

San Luis Obispo, CA 3.3%

Santa Cruz, CA .9%

Santa Rosa, CA 13.8%

Stockton, CA 3.8%

Vallejo, CA 4.2%

Visalia, CA 3.8%

Source: NAHB

2013 Five Star Real Estate Agent

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Five Star Professional
Research that Recognizes Outstanding Service Professionals

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Dario Barba

Kali Real Estate

We are pleased to inform you that you have been named a 2013 Five Star Real Estate Agent. Congratulations on reaching a level of excellence achieved by fewer than 7 percent of the real estate agents in your area.

Your selection is the result of a rigorous research process that included a regulatory and consumer complaint review, and an evaluation of objective criteria associated with real estate agents who provide quality services to their clients. In the end, you are being recognized by the largest and most widely published real estate agent award program in North America.

As a 2013 Five Star Real Estate Agent, you are receiving an honor that reflects your hard work and dedication. We look forward to working with you to share your good news.

Click Here To View The Winners In The San Diego Magazine March 2013 Issue

Sincerely,

Five Star Professional

 

Five Star Professional2117 Cliff Road
Eagan, MN 55122
www.fivestarprofessional.com

California Home Prices: A History

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California Home Prices A History

Over the past 42 years, home prices have risen in California almost every year, and they’re back on the rise. History shows that home ownership in California is a solid long-term investment.

1970 $24,640
1971 $26,880
1972 $28,810
1973 $31,460
1974 $34,610
1975 $41,600
1976 $48,630
1977 $62,290
1978 $70,890
1979 $84,150
1980 $99,550
1981 $107,710
1982 $111,800
1983 $114,370
1984 $114,260
1985 $119,860
1986 $133,640
1987 $142,060
1988 $168,200
1989 $196,120
1990 $193,770
1991 $200,660
1992 $197,030
1993 $188,240
1994 $185,010
1995 $178,160
1996 $177,270
1997 $186,490
1998 $200,100
1999 $217,510
2000 $241,350
2001 $262,350
2002 $316,130
2003 $371,520
2004 $450,770
2005 $522,670
2006 $556,430
2007 $560,270
2008 $348,490
2009 $274,960
2010 $305,010
2011 $285,950
2012 $319,340

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Source: C.A.R.’s Annual Historical Data Summary

First Time Buyers

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First-Time-Buyers

Calling All First Time Buyers!

So you’re ready to buy your first home. How much are entry-level homes in different areas of California? How much do you need to earn to qualify for a home loan? And what can you expect your monthly mortgage payment to be once you move in?

California As a whole:

  • Entry Level Price: $288,880
  • Monthly payment including taxes & Insurance: $1,390
  • Minimum qualifying income: $41,640

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Los Angeles Metro Area:

  • Entry Level Price: $266,980
  • Monthly payment including taxes & Insurance: $1,280
  • Minimum qualifying income: $38,480

Inland Empire:

  • Entry Level Price: $164,820
  • Monthly payment including taxes & Insurance: $790
  • Minimum qualifying income: $23,760

San Francisco Bay Area:

  • Entry Level Price: $482,830
  • Monthly payment including taxes & Insurance: $2,320
  • Minimum qualifying income: $69,600

Calculate Mortgage Payments

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