TAG | The Arendsen Group

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. 2 beds, 2 baths
    Home size: 987 sq ft
    Lot size: 1.38 ac
  2. 3 beds, 2 baths
    Home size: 2,102 sq ft
  3. 3 beds, 3 baths
    Home size: 1,631 sq ft
  4. 3 beds, 3 baths
    Home size: 1,333 sq ft
    Lot size: 1.34 ac
  5. 2 beds, 2 baths
    Home size: 1,176 sq ft
  6. 3 beds, 3 baths
    Home size: 2,175 sq ft
    Lot size: 6,098 sqft
  7. 3 beds, 3 baths
    Home size: 1,686 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.

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    That’s it… I Need to Set the Record Straight…

    We are NOT Facing Another Housing Bubble!!

     

    Last week, our team and myself attended the annual National Real Estate Conference downtown where we were fortunate enough to be audience to a multitude of panels comprised of the best-of-the-best in all areas of real estate – many market issues were discussed but the topic brought up by all panelists from builder reps, to city councilmen, to economics professors surrounded this mounting nationwide concern of a potential market bubble.
     
    Let’s set the record straight here… experts agree – the issue is not when the bubble will happen, but rather when will this inventory crisis end ?!
     
    Let’s compare this year’s numbers to when we did experience the market crash in 2007 –  the calculated scales are currently tilted slightly in favor of buying vs. renting, versus the extreme opposite where 2007 pointed severely in favor of renting as the more affordable option (when considering renting costs vs. the current conventional loan offerings). Also in 2007, we were building in excess with 225,000 homes per year (in California), however despite today’s population having grown by 4 million, we are building under 80,000 homes per year. What shocks me here is how we are growing by nearly 400,000 people each year, yet only building 80,000 new homes..?! Something doesn’t add up here! 
     

    Here’s what I’m talking about:

    Buyers Advice: 
     
    Don’t believe the hype around buying a fixer! Due to San Diego’s high demand for homes, our fixer-upper properties are not selling for that much less than the move-in ready homes. Most of the time, it is actually more affordable to buy a home already remodeled, rather than putting up the capital yourself after purchase. Also, it’s going to be easier for most San Diegans to increase your loan by $50K to buy that move-in ready home, versus a fixer and $70K+ paid out of pocket in order to do a similar remodel.
    However, if you are still interested in a fixer, here’s a good place to start:
     
    Sellers Advice: 
     
    Hire a designer, not a stager! While staging usually does pay for itself and typically helps homes sell much faster, the typical seller in today’s market is still living in the home they wish to sell and it’s a designer they need, not a stager. We like to hire our interior designer to go through the home and create a list of things that should to be changed, all while using the clients furniture already in home to ‘stage’. This saves our clients money while still getting top dollar for their homes!
    See what else we offer our sellers: Click Here 
     

    1. 3 beds, 2 baths
      Home size: 2,102 sq ft
    2. 3 beds, 3 baths
      Home size: 2,175 sq ft
      Lot size: 6,098 sqft
    3. 4 beds, 2 baths
      Home size: 1,352 sq ft
      Lot size: 6,599 sqft
    4. 4 beds, 2 baths
      Home size: 1,772 sq ft
      Lot size: 7,840 sqft
    5. 3 beds, 2 baths
      Home size: 1,514 sq ft
      Lot size: 8,712 sqft
    6. 4 beds, 3 baths
      Home size: 1,973 sq ft
    7. 4 beds, 3 baths
      Home size: 1,958 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.

     
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      NEW Luxury Townhomes at Sombrilla!

      311 South Myers St., Unit 2

      Oceanside, CA 92054

      Have it all! Modern design & scenic ocean views from this luxury townhouse at Sombrilla! Thoughtful architectural design and top of the line interior finishes set this home apart from anything else this close to the beach. This impressive 2+ bedroom, 2.5 bath townhome is a tribute to modern excellence through stunning design, luxurious finishes and captivating views. 

      You’ll enjoy spacious living inside its 3 levels of sleek hardwood floors with natural lighting flowing in abundance through the skylights and magnificent floor-to-ceiling windows, plus a flexible open loft space that could be an optional 3rd bedroom.

      Top floor master suite extends over an entire floor complete with exquisite master bath, custom walk-in closets, and 2 large outdoor patios – featuring picturesque white water ocean & pier views!

      Open the large patio doors to welcome in calming/cool ocean breezes into your master suite. Fall into a deep, restful sleep by the peaceful lull of ocean sounds, and in the coolness of the ocean breeze..

      Located only steps away from San Diego’s finest beach – you’ll love coming home to this luxury Oceanside oasis! Get into an amazing luxury home in a great location while you can!

      Want to see more? Call Joseph – (888) 503-3117

      Oceanside is currently a great beachside community with gorgeous white sand beaches. You can’t get this beachside experience or investment value anywhere else in San Diego – and with several town projects currently in motion to revitalize the area, you won’t be able to get a property of this caliber for this low price again. This property is only steps to the sand in a great & up-and-coming area; truly a value investment property that will only appreciate over time! Get in now for a truly luxurious property for an unbelievable value!

      Call Joseph – (888) 503-3117

       

       

       

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        Just Listed!

         

        Find yourself at home in this impressive corner lot property, located in the heart of  Oceanside’s Rancho del Oro…

         

        Listing Price  $ 650,000

         

                            

        4 Bedrooms Attached 3-car Garage 
        3 Bathrooms Oversized Corner Lot
        2700+ sqft. Low HOA – No Mello-Roos!

         

        If you have any questions about this home, or would like to see this stunning property with your own eyes, just call Joseph Arendsen!  (760) 672-0174    

         

        637 Montage Rd,  Oceanside, CA  92057

        Find yourself at home in this impressive corner lot property, located in the heart of Rancho del Oro… one of Oceanside’s most sought-after neighborhoods.

        This spacious 4 bedroom, 3 bath home offers an inviting open concept floor plan, vaulted ceilings, oversized bedrooms, large windows and lots of natural light throughout its generous 2700+ sqft. of living space.

        Updated kitchen with new cabinets, granite counter tops, Stainless Steel appliances and breakfast bar flows out into the home’s newest addition, its remarkably spacious extra large family room with fireplace.

        Nestled on an oversized, beautifully landscaped corner lot within a highly desired Oceanside neighborhood community, this home is the real deal.

        It’s hard to believe – you could get this stunning home in a stellar location, and to top it all off, you will have some amazing, envy-inspiring curb appeal! Your new home is a turn-key treasure, showcased by gorgeous lush greenery, spacious backyard fenced-in, mature fruit trees, raised garden beds and outdoor patio – your new home is the complete package deal! 

        Additional Features :

        • Attached 3-car garage.

        • Plenty of storage.

        • A+ Neighborhood

        • Low  HOA

        • No Mello-Roos! 

        This property provides the perfect space for entertaining, or to just Relax & enjoy time with family! Reap the benefits of this A+ community – great schools, walking trails, family-friendly environment with community parks & playgrounds… and NO Mello-Roos!! What’s better than that??

        You’ll love coming home every day to this beautiful oasis in Oceanside.  But don’t just take our word for it – Come see it for yourself! 

         

        Call Joseph Arendsen  (760) 672-0174

         Schedule a private tour! 

         

        Stay tuned to our facebook home page for more pictures, home tour videos and listing & Grand Opening announcements for this property and many others!

         

         

        Don’t miss out!  Call Joseph today!  (760) 672-0174  

         

         

         

         

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          JUST LISTED! 

           

           

          1429 Henshaw Rd. Oceanside, CA 92056 

          $475,000

          3 Bedrooms 2 Bathrooms 1187 sqft.
          Single-Story Two-Car Garage Corner Lot

           

          Refreshed & rejuvenated 3 bedroom, 2 bath family home on quiet corner lot in Rancho del Oro community. Vaulted ceilings & beautiful tile floors throughout this functional single-story layout. Features open living & dining room with cozy fireplace, dual vanity sinks in master, mirrored closet doors, oversized sunroom and large fenced-in backyard with patio, mature gardens and paved RV parking. Attached 2 car garage. Great location. Move-in Ready!

          This home is a GEM – A MUST-SEE!

          Come join us for Grand Opening, this Sunday (9/17) @ 11:30-3:30 

          Great opportunity – You don’t want to miss this one!

          For more information, contact Joseph Arendsen  760.209.8333

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