Real estate professionals across the nation are as busy as ever!
Everybody in the Real Estate industry is saying the same thing,“the market is hot!”This is what we are hearing around town and it’s also what we are hearing nationwide.
We have very low inventory levels inSan Diego County right now, when you combine that with a lot of buyers entering the market we are going to have a supply and demand issue and most likely see prices continue to climb. One other factor that could be driving buyers into the market is the fact that the Fed has released statements promising to raise interest rates. This is alarming for buyers because if interest rates jump another 0.5% this could push them into a payment they don’t feel comfortable with. However even if rates jump to 5% nobody expects this to affect our market in a negative way. This simply shows that we are in a strong economy and there is confidence in the real estate market.
Now it’s time to look at the numbers.
Closed Sales were down 15.8% compared to this time last year, however Pending Sales were UP 12.3% . We believe this is from the lack of inventory and buyer activity we had last year in December. THe good news for sellers is that days on Market was down 6.5%, and the Median Sales Price was up 7.6% to $572,190 for Detached homes and 4.3% for Attached homes. Overall outlook looks promising for the real estate market. Onward and upward!
Having been raised in San Diego, Joseph has a great wealth of knowledge of each community San Diego has to offer. Combined with being extremely hard working, having a great attention to detail, and having the ability to listen Josephs clients receive an elite level of service.
Who Said the Market Slows Down During the Holidays???With the holidays
"Joseph with the Arendsend Group was the Agent that helped us to buy our first home and we could not have been happier with the experience. He is incredibly knowledgeable about the industry. He was able to take the time to hear what our wants and needs were as well as give us insight on things that could be beneficial to us in the long run. He found us the perfect home for our lifestyle and budget, as well as a great investment for our future.
He made the process very easy and stress free cooridinating the loan as well as the notary. I was most inpressed with how he made himself available whenever we had questions (as I am the type to ask ALOT of questions). The seller of our home wanted to close very quickly and Joseph made it happen working hard to get all of our ducks in a row so that escow would be easy and quick.
I have nothing but good things to say about purchasing my first house. I expected it to be very difficult being a first time buyer, but I couldn't believe how easy it was. Thanks to our Agent.
Joseph also does Property Management, so when the time comes to use the purchase of our home as an income property...there is no one else I would trust to help us put that together.
Great experience! Thank you Joseph and the Arendsen Group!"