The first quarter of 2017 is in the books, so what happened?
Well… the market has outdone everyone's predictions. We are seeing month over month price increases, we are seeing buyer activity at an all time high, and we aren't seeing any signs of this slowing down. Why? Because we don't have enough inventory. I think this is due to the common concern I keep hearing from potential sellers… they are concerned if they sell, they won't be able to find their next home. (If this is you, read our Sellers Advice in 2 weeks)
With all that being said, here are the stats to back this up:
Closed Sales decreased 0.8% for Detached homes & 14.1% for Attached homes, however inventory decreased 29.9% for Detached homes and 34.7% for Attached homes which caused the Median Sales Price to increase 7.9% to $565,000!
DOM (Days on Market) decreased 13.6% for Detached homes & 17.1% for Attached.
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.
Market Watch: Is "Big Change" on the Horizon??Scary times ahead? Well,
"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."