Some rising concerns across the board to sustain a balanced market!
Yes I said it… but I'm not talking about the market slowing down, I am actually talking about home prices continuing to increase! For the 12-month period spanning March 2015 through February 2016, Pending Sales in San Diego County were up 10.0% overall. The price range with the largest gain in sales was the $500,001 to $750,000 range, where they increased 23.1%. The overall Median Sales Price was up 5.6% to $469,000. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 6.2% to $530,000. Market-wide, inventory levels were down -18.8%.
With this much demand and the fact that interest rates dropped to the lowest point they have been in over 1 year, I am expecting to see prices continue to climb until we see inventory levels increase.
With that all said, if you need assistance selling or buying, please contact us. We are here to help! 888-503-3117
Author:Joseph Arendsen Phone: 760-672-0174 Dated: March 21st 2016 Views: 694 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.
Can it be true?? Ladies and Gentlemen, no fools’ jokes wen
"Joseph with the Arendsend Group was the Agent that helped us to buy our first home and we could not have been happier with the experience. He is incredibly knowledgeable about the industry. He was able to take the time to hear what our wants and needs were as well as give us insight on things that could be beneficial to us in the long run. He found us the perfect home for our lifestyle and budget, as well as a great investment for our future.
He made the process very easy and stress free cooridinating the loan as well as the notary. I was most inpressed with how he made himself available whenever we had questions (as I am the type to ask ALOT of questions). The seller of our home wanted to close very quickly and Joseph made it happen working hard to get all of our ducks in a row so that escow would be easy and quick.
I have nothing but good things to say about purchasing my first house. I expected it to be very difficult being a first time buyer, but I couldn't believe how easy it was. Thanks to our Agent.
Joseph also does Property Management, so when the time comes to use the purchase of our home as an income property...there is no one else I would trust to help us put that together.
Great experience! Thank you Joseph and the Arendsen Group!"