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.
[March 2018] Spring is Here! San Diego is Blooming... and th
"I have worked with Joseph for nearly four years, both with him doing property management as well as sales of property. I have always felt I could rely on his judgement and abilities. I've used a few property managers over the years and far and away Joseph has been the best one that I've worked with. He has done an outstanding job in dealing with tenants to both meet their expectations and not allow them to become unreasonable.
Recently, he helped me in the sale of a condo that included getting renovation work done before the sale. Joseph listened to what I wanted to have done and provided useful advice and coordination of the tasks. We had a successful sale that came in at full asking price and within only a few days of listing. I could not have possibly done that without Joseph's efforts. He went beyond what most agents and managers would be willing to do.
He continues to manage some of my other properties and I will be using him again for future sales. He is someone I can count on and that is hard to find."