A Word About Our Current Market and an Invitation to Our Upcoming Seminar

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What’s the latest news from our San Diego market?

Right now we’re deep into the buying season. For the last several years, April, May, and June have been the busiest months of the year, which is good for buyers because it means more inventory is coming on the market. It’s also good for sellers because it means a lot of buyers are making their move before summer vacation hits and before the school year starts. At the moment, it’s not uncommon to see listed houses attract multiple offers and sell for over asking price.

Another important development to keep in mind is rent costs. I read an article recently that stated that the average San Diego rental is now over $1,800, which is a 23% increase over the last three years. Because of this, many people are looking at their rent costs, scratching their heads, and wondering whether now is the time to get off the fence.

This trend is pushing people into the lower end of the market, and it brings me to our next topic.

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It’s buying season in San Diego, and our upcoming seminar will make you a better buyer.

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If you’re thinking of buying your first home or you’d like a refresher on how to buy a home in our market, you’re invited to attend our upcoming home buying seminar on Thursday, April 26 right here at our office at 4114 Napier Street, San Diego, California, 92110.

This seminar will run from 6 p.m. to 7 p.m. We’ll discuss what interest rates look like right now, share some great down payment programs that are available, show you how to get your offer accepted in a competitive market like ours, and review what happens during the home buying process once you get your offer under contract.

Pizza and refreshments will also be provided (if you know us, you know that means beer and wine). We look forward to a great turnout, and we look forward to seeing you there. To RSVP, click on this link.

If you have any questions about our market or our this event, don’t hesitate to reach out to me. I’d be happy to help.

Don't Miss This Important Update About Our Market and 2 Great Upcoming Events

I’ve got a couple of important updates for you today. First, I’ll share some information about our market and then, I’ll go over two great upcoming events.

RSVP for the event here! 
Looking to sell your San Diego home? Get a free home value report

Looking to buy a San Diego home? Click here for full MLS access

Today I want to bring you a quick market update as well as some information regarding a couple of upcoming events.

First, let’s start with the market update. Interest rates have been a hot topic, lately. Rates are over 4% now. Given the strength of our economy, experts predict that we’ve likely seen the last of interest rates in the 3% range.

A lot of people think this fact might dissuade buyers. However, rising rates are actually having the inverse effect. Buyers are anxious to lock in their 30-year mortgage while rates are still in the 4% range. On top of that, there are 10% fewer homes on the market today than there were at this same time last year. 

To summarize: We’re currently seeing a strong seller’s market. If you have been thinking of listing, right now is a great time to do so.

Now, onto our upcoming events.

The first event I want to talk about is one I’m really excited for. We have a seminar coming up on Thursday, March 22 from 6 p.m. to 7 p.m. The event will be an “educational happy hour” and will take place at our office (4114 Napier Street, San Diego). We hope to see you there. You can RSVP to secure your place at the event here.

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If you have been thinking of listing, right now is a great time to do so.

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At the event, there will be a talk by Ian Scattergood, who will be speaking about accessory dwelling units. There have been some new laws here in California that can allow you to build up to a 1,200 square foot unit on your property, so this talk will shed light on that and other important information on the subject.

The second event I want to let you know about is the Taste of Marina. This annual event highlights more than 20 local restaurants and bars. At the event, attendees are provided with a ticket that allows them to sample these different great locations. We are selling tickets here in our office for $25 a piece, so come on by during business hours to obtain yours.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

An Update on the San Diego Market in 2018

Looking to sell your San Diego home? Get a free home value report

Looking to buy a San Diego home? Click here for full MLS access

Before we get too far into the new year, I wanted to reach out with a few updates for you. First, I want to tell you about how the real estate market fared in 2017 in San Diego. Then I have a special event to invite you to. Let’s start with a market wrap up from 2017.

The median price for a home in San Diego at the end of 2017 was $540,000. That’s up 9.1% from the previous year. This strong appreciation was mostly driven by the strong economy, as more investors decided to take advantage of the low inventory and low interest rates that we’re currently seeing. In 2018, we expect the low inventory and low interest rate trends to continue.

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Join us this Saturday, February 3 from 12:00 p.m. to 4:00 p.m.

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As for the special event, I just wanted to make sure and invite you out to the grand opening of our new office in Bay Park. It’s really beautiful and we’d love for you to come out and take a look on this Saturday, February 3 from 12:00 p.m. to 4:00 p.m. We’ve got a big space set aside with artificial turf and we’ll have a lot of different things ready for you, including a bounce castle, a taco cart, giveaways from local businesses, and more. We would love for you to stop by.

If you have any questions for us about the current market or about our grand opening this weekend, don’t hesitate to give me a call or send me an email. I would love to hear from you.