Can it be true?? Ladies and Gentlemen, no fools’ jokes went into the making of this statement… let it be known: there is finally a significant shift in our San Diego Housing Market! We are just seeing significant evidence of a lasting change to our local market. Basically, what had been several long discouraging months with severe inventory droughts in a scalding HOT sellers’ market has simmered down to what I would say to be a more stable market. So small shift statistically, but what a significant impact on the market! Now, take a breath, I don't want you to go panic now and think the sky is falling...
What we are seeing is a slight (and long overdue) increase in our market inventory finally, though oddly enough also saw slight dip in buyer demand over last few weeks. This may seem odd, but considering all the many other factors in play here like tax season/reforms, stock market, school season, newly increased interest rates, economic stability concerns, or just some awful cocktail of them all gives just cause for buyer numbers to take slight dip momentarily here, as shown below.
However we can expect buyer demand recover soon as this recent market shift becomes more evident – this surge of new inventory brings long-overdue relief onto our buyer market. More inventory means buyers will finally have more options when out looking for their new dream home (and slight decline in present buyer activity is GREAT news for active buyers now! – More options, less competition, better deals!) For sellers, this shift will mean the end of price gauging and return to more strategic home sale practices.
Now you might be asking yourself, “Why is this not a sign of a correction, or market crash???” Well, when the market crashed in 2007 people were stuck with these adjustable rate mortgages which when adjusted, sent their payment through the roof, we don’t have that anymore. Rental rates were extremely low in 2007 so it was cheaper to go rent than to own, we don’t have that anymore. Our population has grown yet we have only managed to build around 22% of the housing that is needed to support those new members of our community. Therefore these signs all point to high demand for housing here.
All in all, the market is going to remain very strong for the foreseeable future, however expect to see more inventory and more options for home buyers.
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.
Can it be true?? Ladies and Gentlemen, no fools’ jokes wen
"We have just recently purchased a home in Oceanside, Ca.. Not really knowing the area for real estate, I went online to check properties out. I wanted to look at Oceanside down to Encinitas. The web page popped up coastal communities and realtors. Not knowing anyone in the area for help,I really wanted to find someone who was very familiar with the areas of interest for my family and myself.
I wanted a safe and nice area to live and have my daughter grow up with nice school districts also.
After putting some of my interests down on the web page , I received an email back from an individual realtor. His name was Joseph Arendsen. I had no ideal what this man could do for us or how long he had been in the realty business.
I emailed him back and then went on line to look up his bio. I was pleasantly surprised that he is as knowledgeable has he came across, especially for someone moving to an unknown area of interest. He grew up in the Oceanside area and was very familiar with the nice and the not so pleasing areas of Oceanside. Which by the way, I must also say kudos to the city of Oceanside for stepping up to the plate and transforming Oceanside making this an inviting place to live. Which it was not even a thought over ten years ago for me.
Back to Joseph. The man spent the time with me even after finding out I was not going to be an easy sale. I had a criteria that was not an easy one to fulfill. After a couple visits, Joseph and I signed an agreement and from that point, the hunt was on. after the first three to four homes we looked at Joseph had a good feel for what and where I would even consider looking at to live.
After ten homes of interest, Joseph scored by taking us by this one place that he didn't even think would be our definitive pick.
We met him there. My family and I right off the bat were pleased at what we saw so far. Joseph still insisted we look at a couple more. We went with him knowing we wanted what we just saw . Joseph would have come up with something over the top to top this one. Joseph got on the phone right away to call the selling agent to find the specifics on this property. I kept hounding him to please get in direct touch with the selling agent to see if we could put a bid in.
He took us to see the others but my interest was still on the one property. Finally that day Joseph let us know he had made contact and that wheels for this property could be in motion. he kept in continuous contact with us and always explained the good with the possible not so good. He was truly making an effort to get us what we wanted.
The MAN put in some serious efforts to pull the strings I was demanding for this deal. needless to say we are in our home of chose and ''Thanks to Joseph'' with the knowledge he has of the area and his constant contact and efforts and team of people he uses it was made possible!!!! My family and I thank you Joseph and we would refer you to our friends and family and anyone who might be thinking of buying in this area. ( I am still customizing the home so it is the way we want it inside and out but that is minimal.) = ))
Randy, Nancy, Zoe."