Real Estate Watch – Pacific Sotheby’s
Are You Thinking of Selling Your Home?
If so, get it on the market now! You will be pleasantly surprised. San Diego’s inventory is at historic lows and buyer interest is at historic highs! The market here in San Diego has clearly shifted again. Currently, it’s a seller’s market, which in its simplest terms means a market in which more people want to buy than want to sell.
In the sweet spot of pricing range, $700,000 to $1,200,000, there are less than 15 active homes for sale in 92128. This zip code is in a similar situation as most of San Diego because there are few, if any, new home developments. Because of this fact, current homeowners are worried about selling since the inventory is extremely low and because of the tight market. In the 92128 real estate market, sellers are getting multiple offers on their property listings and even some offers way above asking price. Even with mortgage rates creeping up a bit, bidding wars are happening and buyers are getting more aggressive.
Nevertheless, sellers in 92128 are a little bit reluctant to put their homes on the market. They’re worried they won’t find anything comparable to what they have now, and the prices they’re seeing are continually rising. We, Dan Conway & Associates, have seen a number of our sellers recently writing in listings that the sale of their property is contingent on them finding suitable housing to move into. In general, the cycle needs inventory to keep it moving along. Without it, a stalemate takes place.
Dan Conway & Associates and Pacific Sotheby’s International Realty are so very “now.” They are relevant, head and shoulders above today’s advertising standards, and decades ahead of the competition when it comes to customer service. Dan Conway & Associates and Pacific Sotheby’s International Realty are located at 3860 Valley Centre Dr., Suite 409 San Diego, 92130. Stop by their office at The Piazza Carmel Shopping Center (next to Vons) for all your real estate needs.