Home buying is - UP - don't just BUY - BUY SMART

By
Real Estate Agent with Pacific Sotheby's International Realty 01711873

Here in the San Diego California market if you were just to look at the housing market for coastal, downtown and luxury homes you might feel like we were back in the stronger home buying years of the early 2000's. Multiple offers, homes selling quicker from their listing date and more buyers have entered the market.  From the buy side perspective, another positive is that prices are remaining stable so there are still good bargains to be had. The market up-surge combined with beneficial pricing has led to some homes to sell over asking prices, it is only a matter of time until these sold comps start to move up prices on a broader level.

San Diego, LA, Orange County, and other luxury coastal areas are experience very strong rebounding and home sale are way up. Part of the increase is driven by pent up demand from the past 5 years of folks sitting on the sidelines. Evidence of housing stabilizing, and much of the concern of significant downside risk on home prices that has subsided in most buyer's minds. Certainly the election outcome may make some small ripples on the pond, however, rates at 3-4%, and good pricing values on the some of the most desirable communities in the country.

If you are a buyer that has been sitting out the market. there is no time like the present to get back in and evaluate if the time is right for you to make a purchase. Often times those that wait miss out on good properties, and by the time everything in the economy is back to full swing, prices and rates have risen so sharply that buyers become priced out of the market. Especially if your purchase is to be a buy and hold for medium to long term, Southern California property has always been in strong demand and populations continue to rise, as supply continues to shrink.

DO NOT MISS THE PRESENT BUYING WINDOW. And of course, noone can provide you better tools for expert evaluation for property considerations, insightful due diligence research, and masterful negotiation than your carefully chosen, long-time experienced REALTOR. Check reviews and references before you select your representation. Most advertising- Best Hairdo - Flashiest car as Realtor criteria selection was so '2005'.

www.OWN-SD.com

www.sandiegorealtydirectory.com

 

 

 

 

 

 

 

 

 

 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. C. Lloyd McKenzie 10/21/2012 02:43 AM
Topic:
Real Estate Best Practices
Location:
California San Diego County San Diego
Tags:
home buying in san diego
la jolla
rancho santa fe
san diego beaches
pacific beach
buying agent
selling agent
listing agent
del mar

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Rainmaker
1,352,408
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Good advice...the window for a buyer's side of a transaction is closing.   Appreciated your snapshot of your area, too...my discretionary region follows your stats, by about 6 to 8 months.

Oct 21, 2012 02:29 AM #1
Rainmaker
509,471
C. Lloyd McKenzie
Albuquerque, NM
Living Albuquerque

Good Morning Jay,

Excelllent snapshot of your market.  What we know as true is that once things heat up in some markets, others will follow. I have always watched the San Diego for that reason

Oct 21, 2012 02:35 AM #2
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Rainmaker
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Jay Becker

Serving my client's best interests for 25+ years
Great Homes to purchase in San Diego
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