The first quarter of 2017 is in the books, so what happened?
Well… the market has outdone everyone's predictions. We are seeing month over month price increases, we are seeing buyer activity at an all time high, and we aren't seeing any signs of this slowing down. Why? Because we don't have enough inventory. I think this is due to the common concern I keep hearing from potential sellers… they are concerned if they sell, they won't be able to find their next home. (If this is you, read our Sellers Advice in 2 weeks)
With all that being said, here are the stats to back this up:
Closed Sales decreased 0.8% for Detached homes & 14.1% for Attached homes, however inventory decreased 29.9% for Detached homes and 34.7% for Attached homes which caused the Median Sales Price to increase 7.9% to $565,000!
DOM (Days on Market) decreased 13.6% for Detached homes & 17.1% for Attached.
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 was an Amazing real estate agent and my husband and I had a positive experience . We we're in a time crunch for our move in date he was able to meet the deadline. He's organized and is always on the ball . Also, he was able to share his background experience with flipping houses. I found this most valuable when walking through a house and getting ideas from him and possible costs of projects . This is the first of hopefully many homes we purchase in the area and we would utilize him again ."