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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
Bankers Hill
2 Bd + Opt RM | 2 BA | 2,625 SF
Representing Seller
Under Contract
Pacific Beach
5 Bd | 4 BA | 2,343 SF
Representing Buyer
Recently Sold
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
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