Things are a little confusing right now… the FED has raised interest rates with an intent to slow down the market, however all that this has done is push more people into hurrying up and buying (which is a smart move) which in turn has caused for our inventory levels to stay low. As you all know because I say it almost every week… Low Inventory + High Demand = Increase in Prices. This factor combined with tax returns and the spring selling season ahead of us, is a recipe for a strong growing market.
Here are some numbers to back that up: Closed Sales decreased 0.7% for Detached homes however Pending Sales increased 14.2% and the Inventory level decreased 24.3%. The Median Sales Price was up 5.6% to $559,500 for Detached homes and 7.8% to $378,750 for Attached homes. Days on Market decreased 2.3% for Detached homes and 22.0% for Attached homes. All these stats are pointing to a market not ready to slow 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.
Who Said the Market Slows Down During the Holidays???With the holidays
"Joseph with the Arendsend Group was the Agent that helped us to buy our first home and we could not have been happier with the experience. He is incredibly knowledgeable about the industry. He was able to take the time to hear what our wants and needs were as well as give us insight on things that could be beneficial to us in the long run. He found us the perfect home for our lifestyle and budget, as well as a great investment for our future.
He made the process very easy and stress free cooridinating the loan as well as the notary. I was most inpressed with how he made himself available whenever we had questions (as I am the type to ask ALOT of questions). The seller of our home wanted to close very quickly and Joseph made it happen working hard to get all of our ducks in a row so that escow would be easy and quick.
I have nothing but good things to say about purchasing my first house. I expected it to be very difficult being a first time buyer, but I couldn't believe how easy it was. Thanks to our Agent.
Joseph also does Property Management, so when the time comes to use the purchase of our home as an income property...there is no one else I would trust to help us put that together.
Great experience! Thank you Joseph and the Arendsen Group!"