2013 – An Ever-changing, Ever-improving Real Estate Market In San Diego
Things are looking good for the San Diego real estate market.
Employment is up, confidence is up, and speculative new home starts are in the works. In fact, applications for housing subdivision lots in just the first 6 months of 2013 exceeded the total number of 2012 applications by 31%.
With median home prices riding at 25% over 2012 prices, San Diego is ranked #7 in terms of year over year price appreciation in major metropolitan markets.
More and more buyers are entering the market in search of a home.
This is due in part to a sudden realization that the bottom has come and gone; in part to rising rental rates; and in part to those individuals who lost their homes to foreclosure or short sales at the beginning of the downturn, and are now ready to start over.
Add the fact that interest rates are still relatively low, and demand is exceeding supply.
As a result, the average days on the market for homes in San Diego for the month ending August 15 was only 17 days – with 25% selling within the first 7 days.
IS NOW THE TIME TO SELL YOUR SAN DIEGO HOME?
Yes, especially if you want to move up.
You may realize more from your present home a few months from now – but you’ll also pay more for your new home. And if you’re moving up, the dollar figures could be significant.
25% of a million is far more than 25% of half a million, and so far luxury homes are not rising in price as quickly as mid-priced homes. You just might find that your dream home is a bargain right now.
Whatever the market… Tom Dunlap sells homes
San Diego’s real estate market in recent years has resembled a roller-coaster, but it makes no difference to Tom Dunlap. He’s been through the downturns and the upswings many times, and through it all still gets the results his clients want and need.
Tom has held the title of #1 agent among the 200+ agents with Ascent Real Estate since 2010, and in 2012 sold more homes than 99% of the more than 18,000 REALTORS® in San Diego County.
When you want results, ask a busy person. When the result you want is a successful San Diego home sale, ask Tom Dunlap. He has the skills, the experience, the energy, the drive, and the desire to turn your real estate goals into reality.
Write email@example.com or call 619-325-4170.!