So what do the numbers mean to you?
Buyers – You have a lot of competition in the San Diego Real Estate Scene. Properties that are priced at market value for neighborhood and condition are going under contract Quickly. You can no longer afford to be the armchair quarterback if you’re really serious about buying a home. Sit with your Realtor and look at the Real Estate Data of recent closed sales.
Sellers – If you have waited on the San Diego Real Estate Scene to recover, it’s time. How does your home compare to other homes in the neighborhood? What are your Real Estate Goals? It’s still a fact, you’re NOT going to get the same price had you Sold in 2006 BUT if you are looking to move to a larger or smaller home in a different Neighborhood the Opportunity is here.
In National Real Estate, recent data is encouraging compared to this time last year. New Construction Single-Family Home Sale increased 3.6% in July, putting it 25.3% higher than in July 2011.
Existing Home Sale rose 2.3% in July; according to the National Association of Realtors® (NAR), that’s 8.6% higher than last July. NAR reported median home prices up 9.4% from last year as higher-end homes represented a greater percentage of total sales.
Each month, I prepare a detailed San Diego Market Analysis Report for many San Diego Metro neighborhoods. It is all part of my Monthly Homework of the San Diego Real Estate Scene. It’s FREE and I’m happy to provide the report to you and even go over the data in the report. I have found it as the best way for me to really understand the neighborhoods and provide greater value to my real estate clients. Visit the San Diego Market Analysis Report page to get it today.