Search All San Diego Foreclosures

November San Diego Real Estate Update 2017

Who Said the Housing Market is Slow During the Holidays???

With the holidays around the corner, I think​​​​​​​ most homeowners and realtors alike are assuming the housing market will slow down here soon.. However, alongside having a white Christmas in San Diego – a slowdown in this housing market would also prove to be a Christmas miracle.
 
Now the housing supply will dip due to homeowners not willing to move or show their homes during the holidays – however buyers are continuing to pursue what homes are on the market. This means numbers may be down, but competition to buy will only increase! I predict that prices will continue to climb through the holidays and into the new year. I do believe we will see more inventory hit the market in January – this is based on the intentions stated by the numerous potential sellers I speak with on a weekly basis.  Will it be enough supply to balance out the extreme demand of our current market? …only time will tell.
 
Here are the numbers we are seeing now:
Closed sales fell 7.7%, Pending Sales increased 4.2% and the Median Sales Price increased a whole 6.3% from this time last year. What is a true shock to the market is the inventory levels for Detached Homes plummeting to 26.9%.. this tells me that the market is in high demand for detached homes right now, however with supply levels still so low, we should expect to see prices for detached homes to climb quite a bit during this Holiday season.
 
Buyers Advice: 
Stay active throughout the holidays!! I can’t stress this enough. Yes, there will be less inventory..Yes, you will be busy during the holidays.. BUT there will be opportunities out there still, and now LESS competition going after the good deals! To make it easier on you, set up a search on our website and be emailed only the listings that match your search as soon as they come to the market!
 
Sellers Advice: 
 
I am going to suggest the opposite of what I tell buyers during this time… Consider NOT listing your home during the holidays. We will naturally see less buyers active in the market at this time, therefore you might get less for your home than you would in the heat of peak season. I would say the say the only people listing during the Holidays are those who really need to sell, or those selling detached homes (not condos)… San Diego’s detached homes inventory has dropped 26.9% compared to this time last year, therefore the demand remains high enough to likely help you get more for your detached home throughout this holiday season.
 
Of course, the best approach to help optimize your home sales return is to simply have the right agent in your corner. Be sure to find an agent that is dedicated to you & deliver your best results!
 

  1. 3 beds, 3 baths
    Home size: 1,333 sq ft
    Lot size: 1.34 ac
  2. 3 beds, 3 baths
    Home size: 2,175 sq ft
    Lot size: 6,098 sqft
  3. 3 beds, 3 baths
    Home size: 1,686 sq ft
  4. 3 beds, 3 baths
    Home size: 1,686 sq ft
  5. 3 beds, 3 baths
    Home size: 1,368 sq ft
  6. 2 beds, 3 baths
    Home size: 1,108 sq ft
    Lot size: 1.31 ac
  7. 2 beds, 2 baths
    Home size: 1,477 sq ft

See all City of San Diego Real Estate.
(all data current as of 12/18/2017)

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

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
Be Sociable, Share!

    RSS Feed

    >>

    Web Design and Seo Services