All signs point to YES! With 42% of all homes sold by Millennials, I think it’s safe to say they are a huge factor to this thriving housing market. Millennials are all grown up and ready to embark on their home-buying journey, which in turn is making their parents, a.k.a. “empty-nesters” realize, it might be the time to downsize. I believe both of these factors combined with low interest rates are causing this strong housing demand. Here are some numbers to back that up:
Pending Sales increased 17.6% for Detached homes and 15.4% for Attached homes. Which in turn caused inventory for Detached homes to decrease 12.4%, and a staggering 28.7% for Attached homes. With this huge decrease in homes for sale you can guess what happens next…
Yes prices have gone up! The Median Sales Price is up 8.6% for Detached homes, and 10.3% for Attached properties year over year. Yes you heard me right, over 10% increase in values for most Attached Homes. The best part about it, there are no signs of this slowing down going into next year.
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!"