Selling a house is all about timing. Selling a house in 2012 was a very different experience when compared to selling a house in 2016. In January 2012, the median time a home in San Diego county was on the market, before it sold was 91 days, while in January 2016 is was only 41 […]
Has the San Diego Real Estate Market Peaked? Incomes will Tell
The median sales price for homes – excluding manufactured homes – in San Diego county in July 2016 was $504,450. In July 2007, the median sales price was $493,000. Uh-oh. When you look at the chart below, you can see sales prices are at 2007 levels right before the real estate crash. So, has the […]
Zestimate Accuracy was 40% off on Former Home of Zillow CEO
The debate on Zestimate accuracy continues. Let’s be clear. Zillow revolutionized the home buying process by introducing the Zestimate, which the company calls a “starting point in determining a home’s value and is not an official appraisal.” Many home buyers and sells forget the fact that the Zestimate is only an automated starting point for […]
Pricing Your Home For Sale is a Marketing Strategy
The first thing everyone considers before selling their home is price. We want to know how much money can we make? Understand that there is a strategy to pricing your home. A mistake many sellers make is pricing the home too high at the beginning and missing out on qualified buyers as the home sits on the […]
Poll Predicts U.S. Home Prices Rise in 2016 by this Amount
A Reuters poll of 24 analysts predicts U.S. home prices are likely to rise 5 percent this year. In 2015, home prices also gained 5 percent, despite everyone expecting a Fed interest rate hike, according to the S&P/Case Shiller composite index of prices in 20 major metropolitan areas. The Fed raised short-term interest rates for the first time in […]
The 8 Most Expensive Zip Codes in San Diego County
With the median sales price of a detached home in San Diego county hovering just over $600,000 at the end of 2017, affordability is becoming harder and harder to find. In this article, we examine the most expensive zip codes in San Diego County. All of the zip codes below have median sales prices for […]
4 Reasons Why You Should Buy a Home at the End of this Year
Most people buy homes in the spring and summer months. However, there are compelling reasons to break away from the herd this year and buy in the slower seasons: fall and winter. Using San Diego county as an example, here are 4 reasons why you should buy a home at the end of this year. 1. Sold […]
Understand Your Real Estate Market with Months of Inventory
In residential real estate, the best number to track to understand the current market conditions is months of inventory. Months of inventory is the number of months until all of the homes currently listed for sale are sold per the current rate of sales. For example, if a particular area has 90 active listings on the market and 30 pending […]