All signs point to YES! With 42% of all homes sold by Millennials, I think it’s safe to say they are a huge factor to this thriving housing market. Millennials are all grown up and ready to embark on their home-buying journey, which in turn is making their parents, a.k.a. “empty-nesters” realize, it might be the time to downsize. I believe both of these factors combined with low interest rates are causing this strong housing demand. Here are some numbers to back that up:
Pending Sales increased 17.6% for Detached homes and 15.4% for Attached homes. Which in turn caused inventory for Detached homes to decrease 12.4%, and a staggering 28.7% for Attached homes. With this huge decrease in homes for sale you can guess what happens next…
Yes prices have gone up! The Median Sales Price is up 8.6% for Detached homes, and 10.3% for Attached properties year over year. Yes you heard me right, over 10% increase in values for most Attached Homes. The best part about it, there are no signs of this slowing down going into next year.
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,
"My husband and I highly recommend Joseph, he is honest, and straight forward. He won't let you move into a place that is in a bad location. So thankful for that. He isn't just some realtor trying to get a sale. He honestly cares about where his clients are going to live and for that we are so grateful.
We just bought a condominium in Vista, and we absolutely love it. It's in the exact location that we had wanted from the beginning. Joseph is always working hard to make sure you get exactly what you want. When we made an offer on the condo, we were not sure what was going to happen. (We had made an offer on two other houses before this one and both turned down or got better offers.) Well they excepted and we couldn't have been more thrilled. Joseph was in constant contact to make sure that everything was going smoothly and that we were doing everything we needed to do. His assistant Tracey was extremely helpful as well. Answered my calls late at night because I had a question. The process went so smoothly, I kept thinking we had to do something else. We closed less then a month later and were just in awe at how well it went. We will recommend Joseph to everyone who is interested in buying.
Thank you so very much for all your help Joseph Arendsen & group."