San Diego Home Info by Gretchen Pagnotta
San Diego Board of Realtors Has Statistics for February 2012
The general comments and discussion among agent in the past 2 months has been “we are busy and inventory is limited.” Naturally if you have had your home for sale for some time and you hear someone say “inventory is limited” you wonder why you don’t have multiple offers. In general the basic rules always apply; If a home is in a popular neighborhoods, presents well and is priced with the market based on closed sales you should be seeing offers. Personally what I am experiencing is relocation buyers coming for good jobs with major employers in San Diego and people who are making offers and deciding to purchase rather than lease. The statistics will play themselves over the next few months. I do not see any radical jumps in pricing but I see many more pending sales in all prices ranges which is a positive sign for recovery.
The Housing Market Reports
I found an interesting article on DSNews about how reports are made about market trends. As agents we find many times the sites such as Trulia do not have accurate information. In addition some local papers provide inaccurate statistics. We recently sat down with a title rep who reviewed all the coastal sales and told us how several coastal zip codes are misrepresented in reporting. that is why it is always best to look at a particular neighborhood and prepare closed sales and trends for that particular specific area.
If you need information on any areas of San Diego, let us know! [email protected]
To review other market trends you can go here.