For the last two years, we have watched the steady climb of home prices happen across the nation. For us here in San Diego, we have actually been experiencing this rise for almost 7 years now... and shows no sign of slowing down!
Just this summer, prices have already made a 6% average increase across the county...that happened in just 2 months?? So after 7 years, you can imagine how significant an impact this has been on some homes.
The climb is a direct result of the current market's lack of inventory. We currently hold 26.7% less inventory today than we did a year ago. That means that active home sales today become hosts to lots of multiple offer situations, lots of appraisal issues and LOTS of happy sellers! Sounds good to me! But we have to wonder, when is this going to slow down??
My short answer is yes, maybe and no. Summer is coming to an end, and we can expect to see a slight decline in buyer activity during this time..however with this consistent inventory shortage plaguing our current housing market, we can't be certain whether or not this brief lull in activity will have a leveling impact on the market. What we need to have happen is for our inventory to increase up to a 3-month supply. This would allow for the market to finally regain balance and prices to level out to a more stable 3% rise per year. While the solution really is that simple in theory, the real world here continues to show no indication of this happening any time soon, therefore our prices will continue to climb with no signs of slowing down.
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.
That's it... I Need to Set the Record Straight...We are NOT Facin
"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."