TAG | North San Diego County Coastal

Spring is Here! San Diego is Blooming… 

And the Housing Market is BOOMING!!!

It’s finally Spring in San Diego! I don’t know about you, but this change has me saying “Hallelujah!” …With our days already longer, beach weather just around the corner & seeing all these beautiful flower fields here coming into full bloom… what’s not to love??

Unfortunately that question isn’t a rhetorical one to local real estate professionals here…

While living in San Diego has its many obvious perks, our housing market is still a bit of a problem patch… and concerns are mounting as we see this problem starting to grow like a weed…

The general consensus is set to the same broken record you’ve been hearing here month after month… low inventory, fewer home sales and home prices still in a steady climb… Nothing new there. Now as we turn the corner on winter and spring into warmer months here in San Diego, it’s easy to see why everyone wants to live here… unfortunately the housing demand for our area is higher than the national average, so you can follow the dominoes to see how the growing gap between buyers and homes available brings us into more competitive buying conditions with more aggressive bidding, and thus higher sales being recorded in recent closed sales. We are still seeing this correlated market change continue across all of San Diego county.

It’s no secret that in any sellers’ market, home buyers get the short end of the stick.. and with mortgage rates now starting to rise as well, now more than ever this ‘hot’ sellers market seems to be really stoking the fire under buyers to hurry and buy now.. before it’s too late!

According to the Mortgage Bankers Association, the average rate for a 30-year fixed with 20% down payment is up to 4.5-4.6% (highest since 2014). While this isn’t any cause for worry to all those experienced and savvy in real estate, this rise brings quite a significant hurdle in terms of affordability for many potential first-time home buyers. With both factors now in play as we round the corner into spring and our “home buying season”, we believe we will soon see a more stable market here soon.

Basically, this ‘hot’ sellers’ market that has been stoking the fire under home buyers will likely cool to a simmer here soon. 

Here’s the stats we are seeing from last month:
Buyers Advice: 
 
While the stats may sound a bit discouraging for buyers, especially first-time buyers looking now… Remember: “We Got This”! It’s a competitive market for buyers now, yes..but it’s just like anything else. If you learn the game, practice and play to win, then when game day rolls around, you’re sure to bring your A-game! (..and if you also have an All-Star team ready to bat for you, who wouldn’t bet on you to win??
 
But in all seriousness, we are about to roll into spring “home-buying” market here and already starting to see an uptick in homes for sale (meaning more opportunities & more options for you to buy)! So whether you’re just out of practice or a first-timer new to the game, it’s pre-season and you need to get ready! Get back in the game now – find yourself a Realtor who will work for your best interests – start there now. Let them be your coach and help you get in the game now… with many more options coming to market here soon, be ready to bring your A-game!  Contact the All-Star team here
 

SOLD!! $18K OVER Appraised Value! / SOLD “As Is” / Highest Sale in Neighborhood…all in just 3 DAYS! Another *Hands-Free* Selling Success Story!!! our proven selling system delivers your best results, faster than all the other guys.. and we do it all, you don’t have to lift a finger!  Learn about our superior selling services here!

Sellers Advice: 
 
Yes, a lot of homes are selling fast, however we are still seeing poorly prepped homes sit on the market with horrible marketing efforts usually causing them to sell for much less than they should have. We see so many sellers drawn to these discount brokers or flat-fee services [*cough* Redfin *cough*]… unfortunately with discount fees comes cut-corners, confusing unpersonalized service and all the hassles of sitting on the market for much longer periods of time.. that means constantly maintaining a ‘show ready’ home, having to leave at a moments notice for constant showings… and if the home finally does sell, you have rookie agents you’ve never met doing the negotiating on your behalf…in a nutshell, homes are selling for much less than should with discount selling services.
 
Our team instead believes in going the extra mile for our clients – with our Hands-Free Selling system, we hire our interior designer to create a game plan to maximize the selling potential by staging what you are currently working with. We also offer a decluttering/packing service, staging, cleaning & more.. coupled with our advanced marketing strategies and expertise selling local real estate in your area.. we offer a proven system to deliver our clients more money in a shorter amount of time. We will even compete with other agency rates! For your best possible results in your home sale, Contact Us Today!
 
 
 

  1. 2 beds, 2 baths
    Home size: 1,076 sq ft
  2. 3 beds, 2 baths
    Home size: 1,864 sq ft
    Lot size: 4.69 ac
  3. 3 beds, 3 baths
    Home size: 1,739 sq ft
  4. 2 beds, 2 baths
    Home size: 1,120 sq ft
  5. 4 beds, 2 baths
    Home size: 1,600 sq ft
  6. 3 beds, 3 baths
    Home size: 1,511 sq ft
    Lot size: 3,920 sqft
  7. 3 beds, 2 baths
    Home size: 1,127 sq ft

See all Real estate matching your search.
(all data current as of 4/25/2018)

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

 

 

Be Sociable, Share!

    , , , , , , , , , ,

    Is this Price Climb Over Yet??

    For the last two years, we have watched the steady climb of home prices happen across the nation. For us here in San Diego, we have actually been experiencing this rise for almost 7 years now… and shows no sign of slowing down! 

    Just this summer, prices have already made a 6% average increase across the county…that happened in just 2 months?? So after 7 years, you can imagine how significant an impact this has been on some homes!

    The climb is a direct result of the current market’s lack of inventory. We currently hold 26.7% less inventory today than we did a year ago. That means that active home sales today become hosts to lots of multiple offer situations, lots of appraisal issues and LOTS of happy sellers! 

    But we have to wonder, when is this going to slow down??

    My short answer is yes, maybe and no. Summer is coming to an end, and we can expect to see a slight decline in buyer activity during this time..however with this consistent inventory shortage plaguing our current housing market, we can’t be certain whether or not this brief lull in activity will have a leveling impact on the market.  What we need to have happen is for our inventory to increase up to a 3-month supply. This would allow for the market to finally regain balance and prices to level out to a more stable 3% rise per year. While the solution really is that simple in theory, the real world here continues to show no indication of this happening any time soon, therefore our prices will continue to climb with no signs of slowing down.

    Here are some stats to back that up…

    The Median Sales Price is up to 10.7% to $620,000 for Detached homes, and 6.7% to $405,000 for Attached homes. Closed Sales decreased to 8.6%, Pending Sales increased 5.55%, however the largest and most jarring market change is the decrease in inventory down 26.7% from last year – this caused the Days on Market time to decrease down to 12.6%.

    All in all, these indicators point to a strong, healthy market that is not showing signs of slowing down any time soon.

     

    1. 2 beds, 2 baths
      Home size: 1,194 sq ft
      Lot size: 5,845 sqft
    2. 4 beds, 3 baths
      Home size: 1,858 sq ft
      Lot size: 3,484 sqft
    3. 2 beds, 2 baths
      Home size: 1,076 sq ft
    4. 3 beds, 3 baths
      Home size: 1,702 sq ft
      Lot size: 3,049 sqft
    5. 3 beds, 2 baths
      Home size: 1,254 sq ft
      Lot size: 5,100 sqft
    6. 4 beds, 3 baths
      Home size: 1,802 sq ft
      Lot size: 6,534 sqft
    7. 6 beds, 4 baths
      Home size: 3,099 sq ft

    See all City of San Diego Real Estate.
    (all data current as of 4/25/2018)

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

    Be Sociable, Share!

      , , , , , , , ,

      Web Design and Seo Services