2023 🔮 San Diego's Real Estate Market Trends 🔥 From The Trenches

By
Real Estate Agent with Big Block Realty 858.232.8722 CA BRE# 01261476

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. 

First responder, Military & Teacher Rebates & Discounts Available! 

 

1. Photo by Kindel Media: https://www.pexels.com

2. Photo by Redrec ©️: https://www.pexels.com

3. Photo & Data by SDAR

Posted by


Thomas J. Nelson
REALTOR®, CRS, RCS-D, CDPE, e-Pro, Certified Military Home Specialist, Luxury Home Specialist, Author, Keynote Speaker and  Podcast Host 

Serving Coastal San Diego from Carlsbad to Coronado, Downtown, Balboa Park Area,
La Jolla/UCSD & Mission Bay Park Areas
I Offer Rebates to Veterans
& Active Duty

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(858) 232-8722
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RCS-Divorce     Southern California Chapter of Certified Residential Specialists (CRS)

 
 
Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, medical advice or financial advice.  For legal advice see an attorney.   For tax advice, health or financial advice see a tax attorney, certified public accountant, or other qualified professional.

Comments (7)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets very valuable real estate market trends report for San Diego.

Jun 07, 2023 08:29 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Thomas - searching "beyond" and digging "deeper" are but two of the ways increased knowledge can grow in ways that are truly important.  

Jun 08, 2023 07:08 AM
Andrzej Lipski
Next Door Properties, LLC - Middletown, CT
We Buy Houses - No Fees No Repairs Any Condition

Thanks Thomas. San Diego and Phoenix are always my National Market barometers. Where ever these markets go the nation soon follows.

Jun 08, 2023 10:49 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

So - what is the cure for lack of inventory? That's what a whole lot of agents across the country would like to know right now.

Jun 08, 2023 10:53 AM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

I have the cure, it's called Instant Inventory and it works!

 

Jun 08, 2023 05:50 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good afternoon Thomas,

So many with low rate mortgages just don't want to give that up to buy another home unless they have to relocate and have no choice. Buyers are clamoring to make a home purchase and have real interest..just not enough properties to to go around!

Jun 08, 2023 01:51 PM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

We're flushing out sellers by finding high-DTI owners that may have 3% mortgage, but really have credit card debt of 18-24% X 3-5 cards, so their 3% isn't really 3%. Sell, reduce debt and live with a much better DTI is the message.

Jun 08, 2023 05:52 PM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Have a productive summer.

Jun 11, 2023 12:59 PM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

What do the numbers mean, what was the market a half year ago and what trends in the local real estate market are happening? Only someone local like Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets in the real estate trenches where they live, work, breathe property listing sales know up to the second.

Jun 12, 2023 03:16 AM