Home prices continue on their upward trajectory
Wishing you good luck, blessings, and happiness for today and every day. Read on for real estate news, things to do this month, and discover lifestyle tips and tricks.
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San Diego Real Estate
Home prices continue on their upward trajectory. Active listings are flying off the market faster than they are coming on, and the active inventory has been dropping further as the year progresses.
For buyers who experienced the housing market leading up to the Great Recession, they start to question: are we paying too much for homes today?
The differences between then and now are significant: - With more than 20,000 homes on the market in 2006, active inventory was 8 times greater than today with 2352 homes.
- In contrast to the Great Recession, today’s housing has an extremely strong foundation with years of tight lender qualifications, large down payments, plenty of nested equity, and limited cash-out refinances. Looking closely at the housing economic model of supply, demand, mortgage rates, affordability, buyer demographics, and market velocity, the data illustrates that the current trajectory of the housing market is not going to change anytime soon. Buyers who are purchasing with the mid and long-term (5+year) in mind, should not worry about paying too much as long as the home is "affordable." It would be in a buyer's best interest to look at the family budget and determine how much they can comfortably afford, and then aggressively pursue a home within the budget. Waiting is not really an option as home values are on the rise and mortgage rates are slowly rising as well.
Source: Steven Thomas - Reports on Housing
Real Estate in the News
Millennials Are Changing the Luxury Real Estate Market
Bloomberg states that tech-savvy and environmentally conscious millennial preferences are poised to dramatically reshape the high-end housing market. According to a
38% survey, millennials—adults born from 1981 to 1996—represent the largest share of homebuyers in the U.S., according to a survey by the National Association of Realtors released last year. Courtesy of Bloomberg
Closing in March
The competition has been tough for buyers, but with the right compelling offers, we were able to help 3 buyers successfully open escrow.
Congratulations and we are looking forward to closing day!
1 Bed | 1 Bath Representing Buyer
6 Bed | 5 Bath Representing Buyer
3 Bed | 2.5 Bath Representing Buyer
687 Casita Ln
5 Bed | 3 Bath
Off Market Sale - Closed
Spring is nearly upon us, which means one of San Diego's most anticipated attractions of the year will be opening soon: The Flower Fields in Carlsbad. Come explore nature's beauty and nearly 50 acres of blooming wildflowers during the months of March, April and May. Be sure to plan ahead and purchase your tickets in advance HERE.
What is a classic movie night with a San Diego spin? Movie night on the beach! From March 26-April 3, you and your loved ones can kick off spring break by heading over to Del Beach in Coronado for a fun night of s'mores and snuggles under the stars. Reservations are required, so reserve your spot and buy tickets HERE.
Lifestyle Tips & Tricks
Maximize the value of your home this spring
Compass Concierge can help you increase your home's value and sell as fast as possible. This unique program is helping sellers from coast to coast. I wanted to share some of these powerful seller stories with you so that you can see what real Compass clients are saying about the power of Compass Concierge. Once you've watched the following video, I'd love to chat more about how Compass Concierge could directly benefit you. Contact me if you would like to learn more!
Watch How Compass Concierge Can Help
99 Stylish Bathroom Design Ideas You'll Love Explore dozens of stylish, inspirational design ideas for your own bathroom remodel. From boho chic to bold bright colors, there is something for everyone to enjoy! Courtesy of HGTV
Closet Organization Ideas That'll Make Your Space Feel So Much Bigger
A clean, organized closet streamlines your morning routine, and all that extra space gives you an excuse to expand your wardrobe. If you want to make the most of your space, try some of these closet organization and storage ideas from House Beautiful.