I agree with the others. There are many sellers that do not have to put there home on the market and inventory is low. But prices are slowly moving up in some areas and the short sales are starting to dry up in them.
Interest rates are low and there are buyers out there taking advantage of them. I am finding inventory under $400,000 are getting multiple offers like crazy. But there are a lot of smart buyers out there who are doing their homework and know exactly where homes should be.priced.
Best of Luck,
Trudi Geniale - Broker
Read my story about living in hell on earth (San Diego) here:
Well, at least on the bright side it's not downtown San Diego.
I think it's so wonderful that a rapist cop harassed a bunch of coke-headed alcoholic idiots at the Gaslamp. (You have to have an IQ under 80 to patronize that place anyway. I really hope that the people who were raped committed suicide.)
I attempted suicide FOUR TIMES to leave San Diego. (Obviously none of those attempts worked.) When I hung myself, it wasn't as a practical joke. I seriously expected the air to be cut off from my esophagus when the belt I used to hang myself with might hypothetically cut off the air-flow between my lungs and my brain and I was expecting to die.
This was after the justice system here was kind enough to let the former residents at the former crack-house that was bought up by Jeff Summitt, Tami Summitt, Noah Eisendrath, and Speare/Champion Properties nearly kill the tenants on multiple occasions.
I mean, I realize that I was supposed to be one of the "have-nots". That I'm the Vincent Van Gogh of San Diego. So what happens? If blowing my brains out would work (and four failed suicide attempts says I'll end up in a coma from shooting myself or making a police officer shoot me so I can finally die!!), then hypothetically worthless consumer slaves who believe that money gives them a soul or a personality sell my stuff because otherwise they're all worthless incompetent trust-fund babies. Then I'm forgotten like my grandfather or Jacob Faust by a bunch of gosh-darned yuppie slaves who all deserve to kill themselves!
So, it could be worse. You could live in San Diego where EVERYONE is nothing. EVERYONE is basically seen as a stock-ticker and if you can't afford to sue the city, guess what, nobody gives a DARN about you.
Anyway, so it could be worse. Don't move to San Diego. This place is evil. (I still want to be thanked for my suicide attempts. I was trying to do a favor for my step-mother, my potential employers, the San Diego Unified School District, the child protective services who took me away and ruined my life since I was 7 years old and left me completely broken until I was 27 years old.)
Love is a lie, greed has damned all of humanity, and nobody will be free until death rescues us from the curse that is living.
I would argue that there are other factors to consider if someone is debating whether or not it's the right time to list their home.
1) Interest rates are still very low meaning the market is flooded with qualified buyers that CAN and WILL make offers on homes (creating the bidding wars we are seeing in the Metro Area). This won't last forever and when the demand decreases because rates go up (however gradually), there will be less people hurrying to buy and driving prices up so quickly.
2) New construction permits are on the rise in a big way compared to recent years and people waiting to sell their homes until prices "reach the top" are going to soon realize they are in competition with a lot of new construction coming on the market. Though this probably only relates to NP/SP indirectly.
I have also found that many people who don't have their homes listed may still be interested in selling if the situation arises. I have had some success with direct mail advertising buyers that are willing to purchase their home.
Inventory is low throughout the city right now. Sellers aren't selling if they don't have to and buyers are interested because the interest rates have dropped below 4%. We are trending toward a sellers market and who knows how long the interest rates will remain low. Also, there are many investors actively buying.
At this point I highly recommend you connect with an experienced, aggressive Realtor who will work with you to create a buying plan and get you positioned to get a great deal.
Buyers who are shopping on the internet are missing the deals during this busy season.
I currently have buyers in escrow in North Park, so I am very familiar with the inventory. It seems that inventory is low and that is driving prices up! Feel free to contact me directly and I can show you some really great homes and we can keep a sharp eye out for any that come on the market.
McAllister Homes Real Estate
As mentioned by another agent, inventory is low in many San Diego neighborhoods. This is due to a number of factors such as investors entering the market and first time home buyers taking advantage of low interest rates.
In the event you want to stay up to date when new properties hit the market, go to http://www.SanDiegoHomeSearcher.com and you can set up a free account to get market updates, new listings, price changes, and much more.
Good luck finding a place!
Greater Good Realty
CA DRE# 01888818
Right now there are only 23 homes that are active in the market in this area. The prices range from $250,000 for a 600 sq. ft. home to homes over a million dollars.
There are another 58 homes that have offers accepted at this time. It is a desirable area so homes do not stay on the market very long.
If you would like more information please contact me at your convenience.
I am never too busy for your referrals
The San Diego Property Shop
CA DRE # 00648687
Inventory is pretty low everywhere, but depending on what you're buying, it could be more difficult. What type of properties are you looking for, and what type of financing are you using? It makes a difference! If you know your financing type, at least you won't waste your time on properties that won't work!
Feel free to email or call, and I'll be happy to help you move in the right direction. There are sometimes work-arounds in different situations too. You just need experienced lenders on your side who can think outside the box to make some deals work.
Cory La Scala, REALTOR