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: 711 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.
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"Joseph was an Amazing real estate agent and my husband and I had a positive experience . We we're in a time crunch for our move in date he was able to meet the deadline. He's organized and is always on the ball . Also, he was able to share his background experience with flipping houses. I found this most valuable when walking through a house and getting ideas from him and possible costs of projects . This is the first of hopefully many homes we purchase in the area and we would utilize him again ."