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February San Diego Real Estate Update 2018

 
The Sky is Falling…the Sky is Falling!!!
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Made you look. But in all seriousness, we have been receiving a lot of calls lately regarding recent stock market events and even a few about the bitcoin crash and how it all will affect our local real estate market..  the truth is, we are starting to see a slowdown in the higher end markets, but lower tier homes are actually rising in value at a faster rate than the more expensive homes! 
 
Here’s a recent analysis report from Zillow economists showing the highest exponential appreciation rates of entry-level homes across the nation:
 
 
As you can see, San Diego is listed at entry level home having a 64.6% value appreciation within just 5-years, compared to the higher end homes having a 37.8% appreciation… Wow!

 
Buyers Advice: 
Looking to buy in a hot sellers’ market is hard enough, do yourself a favor and get a leg up on the competition! Of course you first need to get pre-approved, and then you need to hire an agent ho is going to go the extra mile and look down every avenue for your perfect home.. even if it’s not even listed! For your best home buying results, contact our team and let’s help you find your new home for the new year! 

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Sellers Advice: 
Yes, a lot of homes are selling fast.. and we are even seeing lower-tier / entry-level homes appreciating at faster rates than the more expensive homes! Especially in San Diego, homeowners of entry-level homes have grown their wealth by more than 60% in the last five years! Thats HUGE! You could be sitting on a gold mine.. Know your home’s current value! Check it here now for FREE!
 
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