You May Be Surprised To Know That The 2023 San Diego Real Estate Market's Trending A 🔥HOT MARKET🔥
and thus, sending a warning to all buyers,
the sooner you buy the better because
you'll be competing even more in Q3 & Q4!
Here's to our🔥 HOT🔥 market!!!
Why Does The Mislead You?
The media misleads the general public very often because the data they source is typically 1-3 months old and then they misinterpret the numbers. They look at older data because unless you're a REALTOR, you have to wait up to 90 days for the trends to be calculated and provided. REALTORS often are the source the trends are available to us hourly, daily, weekly, monthly etc. Also the media sees low sales volume and naturally reports "a down market" when in fact it's an up market, going crazy due to low inventory- the real source of slow sales, not lack of buyer interest.
Date the Rate, Marry The House, Divorce Your Landlord!
Date the rate until it drops, then refi & commit.
The San Diego (Median) Market peaked in April-May-June 2022 and the last bump was a 13% spike in less than 4 months! Then it dropped 14% over the next 6 months and hit rock bottom in December 2022. But most homeowners that bought prior to Summer 2022, still had equity gains. Now our market is trending back up and has increased by +9% since February 2023.
I like Sales Averages better than Median because Median confuses most as a stat when average are real dollars and cents.
When you need to know the real scoop, ask me, your trusted advisor in the trenches. You're never bugging me! If you need reliable referrals to lenders, insurance, tradespeople, other professionals, etc.: I'm your personal Google!
Oh By The Way, I'm never too busy to serve you or your referrals.
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1. Photo by Kindel Media: https://www.pexels.com
2. Photo by Redrec ©️: https://www.pexels.com
3. Photo & Data by SDAR