All right folks, October is at an end and the third quarter is off to a good start. With promising economic news coming from many angles, including our unemployment rate improving and earnings increasing, there are no immediate factors that should get in the way of the healthiest real estate market we have seen in the past 15 years. Of course, we are going to see a slight annual decline in the numbers of sales going into the holidays. The only other bad news to consider in the near future would be increased interest rates, which will most likely come in the beginning of 2016.
“Healthiest San Diego Real Estate Market in 15 Years?” “That can’t be right!” Well, here are some stats to back up my statement”.
First off, the Median Sales Price compared to this time last year is up 3.3%, and Days on market has decreased a whopping 19.3%. With a demand that high for properties, we saw the number of homes for sale decrease 23.3%. This is phenomenal, except that this stat could be inflated slightly due to the amount of homeowners not willing to sell their properties with the holidays right around the corner. The only stat that wasn't positive was the number of Closed Sales, which decreased 4.4%. Mind you, I believe this is due to the lack of inventory. All in all, everything points to a Healthy Market!
Author:Joseph Arendsen Phone: 760-672-0174 Dated: October 23rd 2015 Views: 384 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.
Who Said the Market Slows Down During the Holidays???With the holidays
"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!"