The first quarter of 2017 is in the books, so what happened?
Well… the market has outdone everyone's predictions. We are seeing month over month price increases, we are seeing buyer activity at an all time high, and we aren't seeing any signs of this slowing down. Why? Because we don't have enough inventory. I think this is due to the common concern I keep hearing from potential sellers… they are concerned if they sell, they won't be able to find their next home. (If this is you, read our Sellers Advice in 2 weeks)
With all that being said, here are the stats to back this up:
Closed Sales decreased 0.8% for Detached homes & 14.1% for Attached homes, however inventory decreased 29.9% for Detached homes and 34.7% for Attached homes which caused the Median Sales Price to increase 7.9% to $565,000!
DOM (Days on Market) decreased 13.6% for Detached homes & 17.1% for Attached.
Having been raised in San Diego, Joseph has a great wealth of knowledge of each community San Diego has to offer. Combined with being extremely hard working, having a great attention to detail, and having the ability to listen Josephs clients receive an elite level of service.
We Are Feeling the Pain... the Inventory Shortage Pain! We have
"I can't fit all I have to say about our experience working with Joseph on here, so I'll keep it short and simple. My Girlfriend and I had been wanting to buy a home for a while and we finally had that opportunity this month. He was absolutely the coolest and most professional agent I have ever talked to. He was patient, kind, understanding and made us feel comfortable throughout our whole adventure. Because of this, my girlfriend and I closed on our very first home on February 8th 2016. I highly recommend his services to you, your friends and your family members. I will from this point forward continue to use him for future real estate transactions. Thank you from the bottom of our hearts for everything you did for us.