We Are Feeling the Pain... the Inventory Shortage Pain!
We have seen a slowdown in sales in most parts of San Diego... but we continue to see prices increase! This is because we still have a lot of buyers entering the market, presumably due to our thriving local economy, our unemployment rate being well below the national average, and we have also seen wages increase. So what can we expect moving forward? We will continue to see the crunch on inventory which, in turn, will cause bidding wars and price increases. For homeowners who are thinking about selling? This is great news! For buyers? Not so much... However, we are expecting to see a spike in new development with lots of new construction hitting the market in the next 4-12 months, so stay tuned!
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,
"Thank you Arendsen Group for all of your help! Joseph and his amazing team helped us prepare and sell our house in Oceanside and also advised us while we worked with our buyers agent to buy another home out of state! We had a couple of small bumps in the road but they were able to guide us through and sell our home for more money than we initially expected to!!! Thank you all for your hard work and professionalism!"