Ashley and I are sending wishes of health and happiness as we round out this holiday season. Read on for local real estate news and to discover lifestyle tips curated just for you.
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In an ongoing seller's market, the buyer frustration level is increasing across San Diego and nationwide.
As illustrated in the chart below, the low active inventory of homes (light blue) coupled with high buyer demand (dark blue - 30 day pending sales) is as severe as it was in 2012. It is predicted that this scenario is going to continue into 2021. What does this mean for buyers? Waiting to buy is not the answer. Based upon today's supply and demand, the longer a buyer waits, the more homes will appreciate, which decreases the affordability of owning a home.
Mortgage rates (currently averaging 2.72%) are not forecasted to go any lower in 2021. In fact, there is a stronger chance that they will slightly rise as the economy improves next year. Higher rates combined with higher prices does not work in a buyer’s favor.
The current housing market is frustrating for buyers. However, if a person wants to buy a home in San Diego, taking advantage of record-low rates is the ray of sunshine in these troubling times.
Source: Steven Thomas - Reports on Housing
Just Listed
3 Bed | 3 Bath | 1,669 SF
What this year has taught us is that flexible space, comfort and convenience are non-negotiable when it comes to our homes. This expansive, Mission Hills townhome, solidly built with steel and concrete construction for quiet living, exceeds these requirements. With a bedroom and bath on the main floor and 2 generously sized en-suite bedrooms on the 2nd floor, the versatility of the floor plan is endless. The open concept living space is anchored by a wall of glass that virtually disappears when the oversized sliding doors are opened to integrate the Zen-like patio into your living space. Your home movie watching experience will rival any theater with acoustic sound dampening tiles to minimize disturbance. This residence encompasses all the features you would expect with luxury living and takes it a step further with fully integrated voice and smart-home technology…yes, you can even start your laundry with the click of a button from your phone.
Contact me to schedule a private tour today!
Closing This Month
Congratulations to our clients for receiving multiple offers with very limited days on the market! Thank you for the opportunity and for trusting us throughout the selling process. We are looking forward to your closing days to wrap up 2020!
2 BD + Optional RM | 2.5 BA | 1,612 SF
Represented Seller
2 BD + Optional RM | 2.5 BA | 1,612 SF
Represented Seller
Click here to take a look at the CALIFORNIA ASSOCIATION OF REALTORS® Quick Guide about Prop 19 which takes effect on April 1, 2021.
Compass Expands to Hawaii
Compass has announced its expansion to the State of Hawaii. Top agents from O’ahu, Maui, Kaua’i, and the Big Island have joined the firm.
“Compass agents across the country have been asking us to come to Hawaii for some time. We’re excited to be able to deliver for our customers by connecting them to this incredible group of agents with a deep understanding of Hawaii real estate,” said Compass Founder and CEO, Robert Reffkin.
Read the full article here by Real Estate Weekly.
If you or someone you know is thinking about purchasing real estate in Hawaii I would be happy to connect them to a like-minded real estate agent.
Lifestyle Tips & Tricks
48 Beautiful Holiday Decoration Ideas
Nothing welcomes the holiday season quite like a well-decorated, festive home. Whether you prefer traditional red-and-green decor or favor more a more subtle use of gold and white, you can infuse every room in your home with the holiday spirit. Take decorating inspiration from VERANDA.
The 40 Best Subscription Boxes to Gift
Not only will the personalized boxed gifts show your loved ones that you're thinking about them, but they're sure to last well beyond the holiday season. Harper's Bazaar has the perfect subscription boxes to choose from, from fashion and beauty, to food and fitness. Creating gifting opportunities for your family, friends, and beyond.
Noel Wheeler
REALTOR
619-890-2877
DRE#01373389
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