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.
Can it be true?? Ladies and Gentlemen, no fools’ jokes wen
"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 ."