The second half of the year is usually slightly slower than the first half, however here in San Diego... this thriving market hasn't skipped a beat! We are up 12.9% in the number of homes sold compared to this time last year, and our Median sales price is up 7%, which means we are on track for an increase across San Diego County of over 10% this year! I was asked while on AM760 earlier this year if I believed in a comment made by a local economist that “we would see an increase of over 10% in home values” even though I am one of the most optimistic people out there, I disagreed but only because I thought it would be slightly lower and somewhere around 8-9%, so I am not that far off, but I have to admit, this market has surprised me.
Here are some real estate stats for San Diego to take note of:
Pending Sales Increased 13.3% YTD.
Number of Homes Sold Increased 9.35 YTD
Median Sales Price Increased 7.1% YTD
Days on Market went Down 8.9%
When we look at the market as a whole we see some strong signs of a stable market, and if we are seeing this then so is the Fed, so I am expecting mortgage rates to increase sooner rather than later. For now we will just have to wait and see.
With prices up near the 2005 peak we are seeing a lot of people enter the market who have been waiting for 10 years to be able to sell, with that we have seen a lot of junk hit the market, or in better words properties that are in bad condition hit the market at a high price. If you are going to demand a high price for your home it needs to show well, we recommend putting money into 3 things: Paint, Kitchen and Bathrooms. Also seek out staging advice from a professional or a Realtor with some experience in this field. We offer free staging consultations so feel free to ask.
Interest rates just took a nice little dip because of everything that's going on in the stock market, and what most buyers don't understand is that the one thing that is more important than the price you pay for a home, is the interest rate you get on that home. Timing is everything and if you can lock in a low rate you will be happy buyer!
Author:Joseph Arendsen Phone: 760-672-0174 Dated: August 25th 2015 Views: 682 About Joseph: Having been raised in North County San Diego, Joseph has a great wealth of experience and knowledge ...
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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.
[March 2018] Spring is Here! San Diego is Blooming... and th
"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."