February 2024 Newsletter

Welcome to February!! Read on for exciting personal and real estate  updates, and stories curated especially for you.

San Diego Real Estate

The San Diego housing market is experiencing heightened activity, as evidenced by a notable 22% rise in pending sales from the beginning of the year to today. The modest increase in inventory throughout January remains insufficient to meet this robust buyer demand creating, once again, a Seller’s market in San Diego. We will continue to see buyer demand increase substantially from now through mid-March and maintain throughout the year.

The Fed has indicated that they will hold interest rates steady through the March meeting. This will likely result in the inventory of new homes being listed for sale to remaining muted, as current homeowners hold on to their low fixed mortgages. Although demand is not near the levels of 2020 and 2021, it is still outpacing the low inventory levels today which accounts for home prices steadily increasing.

If you would like a more in-depth market update specific to your neighborhood, please contact me at 619.890.2877.

A note of appreciation to you

To my amazing clients and advocates: 
Thanks to your unwavering support, I am honored to announce that I have been recognized as a "5 Star Professional" by San Diego Magazine for the 15th consecutive year. Additionally, I am proud to share that our Board of Realtors in San Diego has acknowledged me as one of the top 3% of agents in San Diego County for sales volume completed in 2023. Your trust in my services has been instrumental in these achievements, and for that, I am truly humbled and grateful. 

Throughout my 21-year journey in real estate, it has been a privilege to refine my expertise in this dynamic field. From the outset of my career, I made a commitment to deliver the highest level of competency and service to my clients, and that dedication remains constant. More than ever, I am deeply committed to supporting each of you as you define and achieve your real estate goals.

Here's to another year of excellence together!

2024 Make-A-Wish Trailblaze Challenge

I am thrilled to share that I will once again be embarking on this 28-mile journey to raise funds and awareness for children with critical illnesses who are eagerly awaiting their wishes to come true. With the incredible support of generous donors like you, last year I was able to personally raise $4500, contributing to our Compass Wish Makers Team's impressive total of over $50,000. This year, our team has set an ambitious goal of $100,000, and I am excited to work towards making this a reality!

If you would like to join me in supporting these courageous children and my fundraising efforts, please visit my fundraising page at site.wish.org/goto/Noel_Wheeler. Your donation will directly impact the lives of these resilient children in our community, turning every step into hope and healing.

I invite you to follow me on Instagram @noelwheeler_realtor to join me in this meaningful adventure. Thank you for your support and for being a part of this incredible cause!

For Sale

Core-Columbia

1388 Kettner Boulevard, Unit 2309

2 BD   2 BA   1370 SF   $1,795,000

Immerse yourself in the breathtaking water views that surround this 23rd-floor luxury residence in Savina, one of downtown San Diego’s premier high rises. The west-facing orientation offers captivating Pacific Ocean, San Diego Bay, and vibrant city views, making this one of the most sought-after and rarely available floor plans in the community. The generously sized primary suite provides a tranquil retreat, while the kitchen with Thermador appliances, exudes modern sophistication and elegance...

North Park

3373-3379 1/2 Herman Avenue

8 BD   6 BA   3912 SF   $2,600,000

This impressive property, located in a Transit Priority Area in San Diego's desirable North Park neighborhood, features 5 updated units across 2 structures, 2 car garage on a 6,250 sqft lot with alley access. Improvements include: sewer, roofs, HVAC systems, water heater, foundation, electrical, and flooring. $10,500/mo in current rents and once stabilized could generate $15,000/mo. North Park is centrally located to major freeways, Coronado, downtown San Diego, Balboa Park and beaches make it a highly sought-after area for both residents and investors.

Recent Activity

PENDING
West mission valley

5760 Riley Street, Unit 2

2 BD   2 BA   866 SF   $549,000
Representing Seller

SOLD
oceanside 

3573 Conner Way

3 BD   4 BA   2311 SF   $845,000
Represented Buyer

Local Happenings

February 1st - 29th

San Diego Museum Month

Get your intellectual on, and explore over 60 San Diego museums, historic sites, gardens, zoo/aquariums, and more that are offering up to 50% off admissions during the month of February. Passes are available starting February 1st.

Get Passes & Info Here

February 11th, 6am-11:30am

Cardiff Kook Race

Join the other runners or cheerleaders on the sideline of "San Diego's Most Scenic Race", right on Hwy 101. All are encouraged to hang around for the famed costume contest to kick off your sports-filled Sunday!

Click Here to Learn More

February 11th, 3:30pm PST

THE BIG GAME!

The best way to watch the Big Game is a drink in-hand with some good ol' pub-grub to match. Check out the list below to find some great football watch-party spots near you. Whether you're in the mood for a salad or mozzarella sticks, we've got you covered.

Click Here to Learn More

February 17th - 18th

Lunar New Year at San Diego Zoo & Safari Park

Join the Safari Park and Zoo to celebrate the Year of the Dragon! Share your 2024 wishes on the wishing tree, learn about conservation of Asain Rainforest wildlife, and enjoy the special restaurant menus across both parks.

Click Here to Learn More

Lifestyle Tips and Tricks

Real Estate and Design Trends to Watch in 2024

Staying abreast of what’s new and innovative in design and real estate is important, not to be trendy but to learn about innovative materials, systems and products to live more sustainably and benefit the planet...

Courtesy of the National Association of Realtors

20 Most Affordable Places to Live in the US

With the cost of living on the rise, many Americans are on the hunt for the cheapest places to live in the U.S. that still offer a high quality of life...

Courtesy of Forbes

16 Steps to Boost Your Home's Value

Hint hint: Updated kitchens, stone veneer exteriors, and converted attic bedrooms are money well spent...

Courtesy of HGTV

Foolproof Paint Colors that will Sell your Home

Selling a home with an electric, lime-green living room is going to be more difficult than you originally anticipated...

Courtesy of HGTV

Click to view past news and more

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and 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 the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.