Housing Demand Outpaces Supply

May is one of our favorite months in San Diego. The sun is shining, the morning air carries a cool ocean breeze, and the days are longer. We feel so grateful to live in such a beautiful city! 

Read on for local real estate statistics and news, and insider lifestyle content curated just for you.

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San Diego Real Estate


According to Steven Thomas with the San Diego HousingReport, it appears that the stay-at-home restrictions and its impact on demand for real estate in San Diego County reached the bottom on April 21st. Since then, the number of pending sales in the County increased by 6%, which is the first increase since the restrictions went into effect in March. 



Thomas indicates, "With demand increasing at a faster pace than the supply of homes, the Expected Market Time (the amount of time from beginning to market. a home to opening escrow) dropped from 88 days to 85 days, indicating San Diego remains a slight Seller’s Market". (A balanced market is between 60 and 90 days.)



We will continue watching these indicators closely and will update you on what's happening throughout the County. If you have specific questions about your specific neighborhood or an area of interest, please call me to discuss.  

Properties in Escrow


As we implement new strategies for safely helping our clients meet their housing needs--from video walk throughs, to in-person showings wearing masks and gloves, to locating off-market properties--we were able to open escrow on four homes in the past two weeks. Congratulations to our clients who are in the process of reaching their real estate goals. We are with you every step of the way!

8686 Dunaway Drive

La Jolla Shores 4 Bed | 2 Bath Sold Off Market

4625 Alabama Street

University Heights 2 Bed | 1 Bath Sold in 72 hours with 3 offers


5004 Marlborough Drive

Kensington

2 bed | 2 bath

Buyers offer accepted lower than asking

with a quick close


4808 Atlanta Drive

El Cerrito

3 bed | 2 bath

Sold off market


Lifestyle Tips & Tricks


Get More Distance with Smash Factor Who knew you could increase your driver distance while staying at home? A shout out to my brother-in-law, Paul Tosca, owner of Good 2 Great Golf and staff instructor at Golf Channel Academy, for putting together this easy-to-follow video. 


6 Smart Home Upgrades That appeal to Buyers Investing in a smart thermostat, smart locks (goodbye house keys) and doorbells, and smart lightbulbs could attract more buyers when listing your home for sale. Click hereto see how you can boost your buyer pool for under $1,000!



Local Community Updates


San Diego Reopens Beaches San Diegans received encouraging news that beaches have reopened, with restrictions set in place to avoid over-crowding according to sandiego.gov.  Activities like walking, running, surfing, swimming and fishing by boat are allowed. For now, no sitting, standing or gathering in groups will be permitted until further notice.


San Diego Zoo Open For Virtual Tours Looking for new ways to entertain the family or virtually hang out with zoo friends this weekend? The San Diego Zoo is now offering an insider look through virtual tours, including visibility of penguins, elephants, koalas, and more – as well as exclusive off-exhibit visits! Find out more on their website HERE and plan a unique experience for the whole family to enjoy while we're all still at home.



Noel Wheeler

REALTOR

619-890-2877

DRE#01373389

© 2020 Noel Wheeler

Website by Coast & Metro

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Noel Wheeler 

REALTOR® | DRE#01373389

Compass | DRE#01527365

619-890-2877​

noel@noelwheeler.com 

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number [01527365]. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.