Some rising concerns across the board to sustain a balanced market!
Yes I said it… but I'm not talking about the market slowing down, I am actually talking about home prices continuing to increase! For the 12-month period spanning March 2015 through February 2016, Pending Sales in San Diego County were up 10.0% overall. The price range with the largest gain in sales was the $500,001 to $750,000 range, where they increased 23.1%. The overall Median Sales Price was up 5.6% to $469,000. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 6.2% to $530,000. Market-wide, inventory levels were down -18.8%.
With this much demand and the fact that interest rates dropped to the lowest point they have been in over 1 year, I am expecting to see prices continue to climb until we see inventory levels increase.
With that all said, if you need assistance selling or buying, please contact us. We are here to help! 888-503-3117
Author:Joseph Arendsen Phone: 760-672-0174 Dated: March 21st 2016 Views: 691 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.
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"Joseph had sold my husbands condo a few years ago, so when it was time to buy our first home we knew we wanted Joseph as our Realtor. At first we just wanted to see what was out there and Joseph right away started sending us listings. After the first 2 weeks of looking Joseph had a good understanding of what we wanted. He made us feel totally comfortable and when we sent a few listings we wanted to see he quickly made appointments to get us in. By the third week Joseph found our home! We put in an offer and 30 days later we got the keys. I highly recommend Joseph if you are looking for someone who will get the job done right!"