Real estate professionals across the nation are as busy as ever!
Everybody in the Real Estate industry is saying the same thing,“the market is hot!”This is what we are hearing around town and it’s also what we are hearing nationwide.
We have very low inventory levels inSan Diego County right now, when you combine that with a lot of buyers entering the market we are going to have a supply and demand issue and most likely see prices continue to climb. One other factor that could be driving buyers into the market is the fact that the Fed has released statements promising to raise interest rates. This is alarming for buyers because if interest rates jump another 0.5% this could push them into a payment they don’t feel comfortable with. However even if rates jump to 5% nobody expects this to affect our market in a negative way. This simply shows that we are in a strong economy and there is confidence in the real estate market.
Now it’s time to look at the numbers.
Closed Sales were down 15.8% compared to this time last year, however Pending Sales were UP 12.3% . We believe this is from the lack of inventory and buyer activity we had last year in December. THe good news for sellers is that days on Market was down 6.5%, and the Median Sales Price was up 7.6% to $572,190 for Detached homes and 4.3% for Attached homes. Overall outlook looks promising for the real estate market. Onward and upward!
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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"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."