We are in for a HOT Sellers Market
Although it might not feel like a typical summer in San Diego, it's officially in full swing! With more intimate family BBQ's and small family gatherings, we all seem to be utilizing every area of our homes and yards to create our own, private oases. I hope you are staying safe and healthy and enjoying the beautiful weather.
Check out the latest in San Diego real estate market news, a few inspiring stories, as well as insider tips and lifestyle content curated just for you. Enjoy!
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San Diego Real Estate
The real estate market in San Diego began improving in May after bottoming out in April. Demand has been on the rise since. We are currently facing very low inventory (homes listed for sale), levels we haven't seen since 2013. Today, we have 2,774 fewer homes on the market than we did last year at this same time. That's a 59% year-over-year decrease!
We are officially in a hot seller's market (determined by expected market time of under 60 days) with an average expected market time, across all price points, of 37 days.
COVID-19 is suppressing inventory and low-interest rates are fueling demand across the county. By the end of June, demand had grown by 20% in only 4 weeks, and was at the highest level since 2016.
Source: Steven Thomas - Reports on Housing
Real Estate in the News
We Stand Together
Compass CEO Robert Reffkin calls on companies to diversify boards. Further, Compass set up a pledge for agents to commit to allocating 15% of real estate vendor spend to Black professionals.
Click here to watch the full interview.
Congratulations to our clients who bought or sold real estate over the last two months! We appreciate the opportunity to assist you in reaching your real estate goals and happy our virtual agent services during this time is still leading to successful real estate sales.
3 Bed | 2 Bath | 1,423 SF Represented Buyer
2 Bed | 3.5 Bath | 3,228 SF Represented Buyer
La Jolla Shores
4 Bed | 2 Bath | 1,794 SF
2 Bed | 1 Bath | 784 SF
2 Bed | 2 Bath | 1,600 SF
Gaslamp Quarter Gets Green Light for Curbside Dining on Fifth Avenue
Following Little Italy, the Gaslamp is the latest local neighborhood to be approved for curbside dining experiences.
Fifth Avenue between F and L Streets will be closed to traffic from 5 p.m. to midnight on Thursday and Friday and from noon to midnight on Saturday Read more from this Eater San Diego article here.
7 Dog-Friendly San Diego Hikes For You and the Family
Read here for 7 dog-friendly hikes you and the family can go on this weekend to have some outdoor fun!
Lifestyle Tips & Tricks
9 Summer Color Trends to Inspire you this Season
From lush greens to red wine colors, these rich shades will amp up any space. With warmer weather finally here, we’re focusing on the summer color trends that are defining the design industry this season. Elle Decor has compiled the full list.
23 of the Most Beautiful U.S.
You don’t have to travel out of the United States for sights that will take your breath away. In the United States, we are surrounded by so many majestic and awe-inspiring natural wonders. Read Elle Decor's list of top national parks you should visit at least once in your lifetime.
15 Impossible-to-Kill Outdoor Plants
As things heat up this summer, it’s hard not to admire the yards and gardens around town that are filled with greenery and colorful blooms. If you’ve always assumed that your yard was too dry, too shady, or that the soil was too sandy to support such beautiful plants—guess again. Real Simple has compiled a list of show stopping plants to add to your curb appeal.