All right folks, October is at an end and the third quarter is off to a good start. With promising economic news coming from many angles, including our unemployment rate improving and earnings increasing, there are no immediate factors that should get in the way of the healthiest real estate market we have seen in the past 15 years. Of course, we are going to see a slight annual decline in the numbers of sales going into the holidays. The only other bad news to consider in the near future would be increased interest rates, which will most likely come in the beginning of 2016.
“Healthiest San Diego Real Estate Market in 15 Years?” “That can’t be right!” Well, here are some stats to back up my statement”.
First off, the Median Sales Price compared to this time last year is up 3.3%, and Days on market has decreased a whopping 19.3%. With a demand that high for properties, we saw the number of homes for sale decrease 23.3%. This is phenomenal, except that this stat could be inflated slightly due to the amount of homeowners not willing to sell their properties with the holidays right around the corner. The only stat that wasn't positive was the number of Closed Sales, which decreased 4.4%. Mind you, I believe this is due to the lack of inventory. All in all, everything points to a Healthy Market!
Author:Joseph Arendsen Phone: 760-672-0174 Dated: October 23rd 2015 Views: 401 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.
Market Watch: Is "Big Change" on the Horizon??Scary times ahead? Well,
"I found Joseph through Yelp, and despite his excellent rating, I watched him for months with an eagle eye for signs that he was at the end of his rope with my demands or giving less than 100% towards my home search/negotiations/escrow. Well, his dedication never flagged, and he remained professional even when we (ok, just my husband) got grouchy.
Throughout, Joseph was honest about his knowledge of our targeted areas, never over-inflating his opinion, and his advice always came with the deference to our wishes (unless we were about to make a huge mistake!). He is familiar with some pretty diverse pockets of San Diego County, but really made it a point to understand our tastes and needs. He drove me to countless showings, always with an organized plan, and scoured the new listings for us though we did use his helpful on-line search site too. We were implementing a 1031 exchange, so he helped us with projected rental prices, and is following through with his offer to assist in finding renters and maintain the properties (he does some limited property management for his family's company).
I think one of Joseph's best qualities is that he loves what he does. Things that appear as huge roadblocks to the client are enticing challenges for him. Buying or selling, I feel confident in recommending Joseph Arendsen as a person on whom you can rely."