Local Market Trend Report
Nearly every day I’m asked about my thoughts on the market. “Is now the time to sell?” and “Is now the time to buy?”
My response is always to dig in and connect with my client’s interests and goals first. Together, we identify what lifestyle they are after as well as their phase in financial well-being: wealth preservation or creation.
We’re supporting clients in all phases – from expanding to a bigger dream home primed for entertaining, space for family dogs to roam and pool parties to downsizing to an ocean-front condo that affords an opportunity for vacation rental income… and even investment properties that afford the “passive income” opportunities many clients aim to bring into their portfolios of real estate along with their stocks and bonds.
Right now, inventory is extremely low in Southern California making it a “seller’s market”. Now is an extraordinary time to sell your home as properties in popular zip codes are selling over asking price with quick escrow terms. At the same time, data is pointing to this market trend continuing which also entices buyers to feel confident in buying now. Getting a piece of the Southern California real estate footprint connects with buyers. Here are statistics from last month that show San Diego County on the up and up with percentages of sales.
Statistics for September:
Lifestyle and financial opportunities are now coupled with a trend to work from home, which also looks like a trend here to stay a while. As we’re spending more time in our homes than ever, clients are wanting to invest more of their money into their homes. What makes me really excited, is seeing how clients make a house a home with design upgrades, gardens, outdoor fireplaces, and more.
Home is truly where the heart is in this market trend report. To get a firm grasp on your own market interests, please contact me for an analysis customized to your specific neighborhood.