The San Diego real estate market is diverse with both buyers and sellers alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the San Diego area click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at 619.977.8364.
The predictions from the big online portals, like Realtor.com and Zillow, suggest we'll see 4% growth in appreciation in San Diego over the next 12 months. Remember, that number will vary depending on the area of concern.
Hello and welcome back! I hope you had a wonderful holiday season! Today, I want to give you a brief overview of what you can expect to see from San Diego real estate in the coming months.
In the second half of 2014 we saw the market slow down as more and more sellers put their homes on the market - inventory increased, buyers became more selective, and market time increased. I expect this trend to continue in 2015, with a few things to look out for:
- Inventory: In the first quarter I expect to see a very active market, as sellers rush to put their homes up for sale and buyers take advantage of low interest rates.
- Affordability: The expectation is that interest rates will increase by about half a point in 2015, which will affect the amount of home you're able to afford.
- Growing economy: The more money people make, the more affordable homes are relative to their income.
The predictions from the big online portals, like Realtor.com and Zillow, suggest we'll see 4% growth in appreciation in San Diego over the next 12 months. Remember, that number will vary depending on the area of concern.
If you have any questions about changing market conditions and what they mean for you, don't hesitate to give us a call or shoot us an email. We would love to hear from you!
