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Welcome, Summer! 

Summer time has always been my favorite time of the year. As a kid growing up on the East Coast, it meant trips to the beach, ice cream on the boardwalk, and backyard barbecues.  Luckily, in San Diego, we get to do this almost any day of the year!


This year, as we are starting to see a relaxing of the lockdown restrictions, with parks, beaches, restaurants and bars reopening, we are also seeing the real estate market surge back to life.  While the Spring Market has been the traditional peak in years past, we are currently forecasting a very active Summer market. (more on that below)


Read on for some great information, as well as some fun tips and lifestyle content, curated just for you!

Enjoy!


-Ehab

Market Update

The San Diego housing market has surged back over the last month.  Buyers, driven by historic low interest rates just above 3%, have returned, driving demand back up to pre-lockdown levels.  


Although San Diego never really went into a stagnant or depreciating market at the height of the lockdown, we are now the hottest market in Southern California.  We are seeing stiff competition and short market times for all homes under $1.5M, with the under $750K pricepoint continuing to be the most competitive for buyers. 


Housing inventory remains around 5000 homes county-wide, down about -35% to last year.  (as a comparison, during the recession in 2008, we had 20,000 homes for sale).  After +9% price increases in the first quarter, April/May saw modest 2-4% price increases.  Based on how quickly demand has bounced back, we expect the balance of the year to continue to show appreciation in the mid-single digits. 


If you're a buyer, the lower interest rates are offsetting the price increases, so your affordability is actually improving.

If you're a homeowner thinking of selling, this is the time to get your home on the market while conditions remain favorable.


To see how your individual area is performing, click on the map below

Real Estate in the News

More First-Time Home Buyers are Entering the Market


According to Realtor Magazine, the number of first-time homebuyers has drastically increased since the start of the pandemic and is ever on the rise.

The share of first-time buyers rose to 36% in April 2020, according to recent stats from the National Association of REALTORS®.

With less competition from investors and low mortgage rates, many home buyers are considering their first big home purchase. 

Read on here for more details.

Client News

Just Sold!!!

Pacific Beach, $1,495,000

Congratulations to my Buyers!!!


This fabulous remodeled North Pacific Beach just closed last week, $55K under asking price and in just 18 days!  

Just Leased!

North Park

Welcome to San Diego to another military family!!


I am always proud to help those who serve find their place in the world...especially when that place is 3000 miles away from their current home in Virginia. Special thanks to FaceTime for helping me show this adorable craftsman home "virtually".

Lifestyle Tips & Tricks

Simple Summer Decorating Ideas For a Stylish Staycation

Summer is officially here and w

hether you have a beach house or a city apartment, House Beautiful, is sharing 30 easy summer decorating ideas that'll lighten the look of your home for warm-weather months and vacation vibes

! We may not be able to jet off to some faraway waterfront locale, but we can still get in on the easy summertime living with the right decorating decisions. 

Ready to dress your home up for a summer-inspired staycation?

Colorful Kitchens That Will Inspire You to Pick Up a Paintbrush


When it comes to kitchen design, white cabinets are undeniably classic and timeless, but colorful kitchens will always steal the show, attract attention, and collect compliments. According to RealSimple colorful kitchen cabinets are racking up the likes on Instagram, causing us to imagine giving our boring white cabinets a colorful pop.

50 Great Backyard Landscaping Ideas You're Sure to Get Inspired By

A backyard is an extension of your living space. It can be a colorful, casual, fun space and the possibilities are up to the terrain, your design skills, and your do-it-yourself know-how. Explore The Spruce's 50 ideas that show you how to transform a backyard into your favorite space. 

Coco's Corner

With the reopening of the beaches (especially Fiesta Island), my baby is very excited to get out and bring as much sand back into the house as possible.  

A little reminder to make sure your four-legged family members are getting plenty of water as temperatures rise, and take care with their paws on hot sidewalks and walkways.  

Do you need to keep your puppies active, but stuck on a zoom call?  Coco gets great care from the folks at Dog Tired San Diego; click HERE to learn how they can help!  Just tell them Coco sent you. 

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Referrals are the greatest form of flattery.  

Know anyone thinking buying, selling or investing in San Diego?  Contact Me 

 

I promise to take great care of them!

© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. License number 01527365. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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