Market Trends

How The Shortage of San Diego Rentals Affects You – and What You Can Do About It!

The San Diego County rental market has a vacancy rate of only 2.2%! Why the shortage of inventory? It is a combination of a lack of new home construction and an increase in both population and employment growth. That unfortunately doesn’t leave renters with much of any selection for housing. Due to the scarcity, rents have increased tremendously.

The average 1 bedroom in the county is now close to $1,800 per month. Owners can now be extremely selective in who they rent to. We are frequently seeing owners advertise “no pets” on almost every listing. Additionally, the credit score minimum has increased dramatically for most owners and management companies. Applicants used to get away with lower credit by paying a higher deposit but that is not the case any longer.

Some owners will even discriminate against families, requesting just a single individual, or...

Fed Raises Interest Rates

In a nearly unanimous vote, the U.S. Federal Reserve increased the Federal Funds Rate by 25 basis points on Wednesday, March 15th, bumping it to between 0.75% and 1.00%. Federal Reserve Officials expect to hike rates by 25 basis points two more times in 2017.

While the rate increase indicates a strong economy, it will mean higher interest rates for mortgages and other consumer and business loans across the country. The Federal Reserve gave no indication that it plans to begin to reduce its large holdings of mortgage-backed securities (MBS) any time soon, and since Fed purchases of MBS have helped push mortgage rates lower, reduced demand for MBS from the Fed would be negative for mortgage rates.

About the Fed Funds Rate
The Federal Funds Rate is the rate at which banks can borrow...

This Is How We Consistently Generate Multiple Offers on Our Listings

Looking to buy or sell a home in San Diego County? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (858)-375-4949 for a FREE home buying or selling consultation to answer your real estate questions. 

Welcome back, everyone. Today we want to talk about the basic philosophy behind receiving multiple offers on your home. This is something we have been doing a lot lately, and something we will continue to do in the future....

How San Diego Got Her Groove Back - 2014 Review

2014 was a strange year like none other in recent memory for the real estate market in San Diego, only because of how absolutely normal, stable, and balanced it was.  It was fairly uneventful. You may even say it was dull. But that is exactly why it was so fascinating on the tail end of a real estate boom, bust, and boom cycle that was as aggressive as any the market has ever seen.

Let’s take a look at a three key metrics as reported by Trendgraphix™ to get a better idea for how the market has performed during the last year and where we are headed.

Price Per Square Foot

While official numbers were not available at the time that this article went to print, our research tells us that San Diego County experienced roughly 7.4% appreciation during 2014. We derive that by looking at the average price per square foot sold of $315 for November 2014 vs November 2013 when it was $293 per square foot. My personal prediction is that we...

What Does a Normal San Diego Market Look Like?


Where is the San Diego housing market heading? Considering the average days on market in San Diego County is 39 days, we believe we're seeing the first normal market in over 10 years. In our latest video we look at the major market trends we've in San Diego and how that's led us to the balance and stability we're seeing today.


 Looking to buy or sell a home in San Diego County? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (858) 386-4478 for a FREE home buying or selling consultation to answer your real estate questions.

This is the first...

Latest Trend in San Diego Real Estate- Stability!

In San Diego County, the real estate market is moving and healthy, and in this video we give you the latest statistics and trends. We also discuss how failing to account for list-to-sale-price ratio in San Diego can lead to homes sitting on the market, when the average home is selling in 39 days.



Looking to buy or sell a home in San Diego County? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (858) 386-4478 for a FREE home buying or selling consultation to answer your real estate questions.

...

Verrazzano Real Estate Sales - 2013 Review

Verrazzano, a favorite community of the Daniel Beer Group, had a very interesting 2013, mainly characterized by low inventory.  In fact, there are currently no homes for sale in all of Verrazzano.  Five homes are currently under contract as of the time this blog post was published.  You can get a sense for the Verrazzano real estate market in the graph below.  You will notice that the number of available homes for sale has trended down over the last three years.   Also, please note that the two homes that it shows as coming on the market in November are now in escrow.  Homes are not lasting long on the market.  The average days on market for homes listed in the last three months has been just under 21 days.  Story continued below...

Verrazzano inventory 2013...

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