The Seasons of San Diego Real Estate

Updated: Sep 8


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Just as there are physical seasons, residential real estate sales has it's seasons too. Typically, Spring captures the highest number of transactions, with each subsequent season seeing decreased activity. Historically, winter has the lowest activity, and then the activity starts again.  2020 has been far from ordinary and the real estate market has followed suit. This year, the Spring market was eliminated due to shelter-in-place orders. Summer behaved like a typical Spring market. As we head into Autumn, we expect September, October, and the first half of November to resemble the typical Summer sales pattern.


We don't expect the Autumn months to be quite as active as June, July, and August. However, with low supply (51% less inventory than last year), strong demand (highest since May of 2016), increased affordability (mortgage rates dipping below 3%), and a strong demographic (Millennials are now the largest living adult generation and are purchasing their first home), are all signs that we are headed into an extraordinary Autumn real estate market!

Source: Steven Thomas - Reports on Housing


Recent Activity


Under Contract

2600 Sixth Ave, Unit 908

Bankers Hill

2 Bd + Opt RM | 2 BA | 2,625 SF

Representing Seller



Under Contract

1058 Agate St

Pacific Beach

5 Bd | 4 BA | 2,343 SF

Representing Buyer



Recently Sold

1416 W Country Club Ln

3 Bed + Opt RM | 2 BA | 2,257 SF

Represented Seller


Here are some interesting stats about selling the home:

1,400+ online views

23 in-person showings to potential buyers

5 days on the market

3 strong offers

Sold for $16,000 over asking price!


Local Happenings


Indoor Dining Returns to San Diego Restaurants

After a rollercoaster of restaurants shutting down completely, to opening with outdoor dining, they finally have the green light to open indoor dining with limited capacity (25% of capacity or 100 people, whichever number is less) starting on August 31st.


Support your local favorites by dining in!



Let's Continue to Support Local San Diego Farmer's Markets


Under new guidelines, many of San Diego’s farmer's markets have reopened to once again sell essential grocery products and goods. To attend and show your support for small local businesses, you can find the full list here. Always be sure to check with your local market for open and closing times and details!



Lifestyle Tips & Tricks


Sherwin-Williams Predicts These Will Be the Top Paint Color Trends of 2021

Sherwin-Williams is preparing to announce its official Color of the Year for 2021 later this month and has released its predictions for the top paint trends to expect in the year to come. After a tumultuous year, Sherwin-Williams has also curated four color palettes that are all about balance and rhythm.  Check out Real Simple's article for a sneak peek of what's to come.  



9 Creative Ways Plant Lovers Display Their Greenery

Curating your perfect greenery-filled shelf can be as simple as experimenting with your book-to-plant ratio, getting creative with your mix of plants, or sticking with a consistent color palette of pots. Here are nine ideas Domino has curated to inspire your next greenery arrangement.



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.