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December San Diego Real Estate Update 2017

New Year, New Tax Reforms!

 
 
As we near the end of this year and look on to 2018, we consider what the new year has in store for San Diego real estate… with a close ear to all that stirs up on Capitol Hill.
 
This past year experienced one of the more consistent and predictable markets of this last decade, however as we watch this new tax bill come closer to being passed, we could see a significant impact shift our local housing market. Although the particulars to this bill are still being finalized, what we see as of now concerns the Capital Gains allowance. The new tax reform is looking to adjust the homeowner requirements from 2 out of 5 years to living in their home the full 5 out of 5 years in order to be eligible – which I can predict to have affective impacts on homeowners choosing to stay where they are vs. moving, thus increasing an already extreme shortage to our housing supply. If we see our housing inventory get even tighter in this year to come, we could see another 10-15% increase in local housing prices in 2018.
 
But enough about predictions, here’s the facts from this last month…
All-in-all, this has been one of the toughest 4th quarters for buyers, and one of the best quarters for sellers that we have seen in a long time.
 
 
Buyers Advice: 
 
If you are on the fence about buying a home, you may want to consider hopping off sooner rather than later! Considering this new tax reform and its predictable effect on our local housing market – you would be wise to buy now! Start your housing search here today!
 
 
Sellers Advice: 
 
We are seeing inventory levels at an all-time-low across San Diego county. This has caused home values to continue to climb! Your home may be worth significantly more than you think! To see how much your home could sell for in today’s market, find out here!
 
 

  1. 3 beds, 3 baths
    Home size: 1,917 sq ft
    Lot size: 26,571 sqft
  2. 4 beds, 3 baths
    Home size: 2,053 sq ft
  3. 4 beds, 3 baths
    Home size: 2,302 sq ft
    Lot size: 10,454 sqft
  4. 4 beds, 3 baths
    Home size: 1,964 sq ft
    Lot size: 8,276 sqft
  5. 4 beds, 3 baths
    Home size: 1,384 sq ft
  6. 4 beds, 4 baths
    Home size: 2,023 sq ft
    Lot size: 1,306 sqft
  7. 4 beds, 4 baths
    Home size: 2,034 sq ft

See all Real estate matching your search.
(all data current as of 5/24/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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