San Diego Real Estate Market Update - 2015 Recap and 2016 Forecast


Happy Holidays! Big news as Fed raises rates this week. 2015 price and inventory trends continue.
​​​​​​​

  • Previous
  • Los Angeles, CA 90037
    $1,099,000
    0
    sqft
    0
    Baths
    0
    Beds
    Attention INVESTORS! Presenting a fantastic opportunity with this fully move-in-ready triplex, perfectly positioned for rental income potential.
    Torrance, CA 90504
    $1,289,000
    0
    sqft
    0
    Baths
    0
    Beds
    Amazing opportunity for investment, extended or generational family or live in one and get rent to assist from the other.
    Barstow, CA 92311
    $550,000
    0
    sqft
    0
    Baths
    0
    Beds
    Great opportunity for income property! Live in one and rent the rest.
    Fontana, CA 92336
    $615,000
    1400
    sqft
    2
    Baths
    3
    Beds
    IF YOU ARE LOOKING TO MOVE TO FONTANA THEN THIS IS YOUR HOME!!! THIS SPACIOUS 1850 SQFT HOME WITH A PERMITTED ROOM ADDITION OFFERS 3 BEDROOMS- MASTERBEDROOM WITH EN-SUITE, AND 2 BATHROOMS.
    Indian Wells, CA 92210
    $1,595,000
    2900
    sqft
    4
    Baths
    3
    Beds
    Soon to be designated an Historic Landmark of Indian Wells, this little enclave is very special, and this unit is particularly so.
    Long Beach, CA 90813
    $629,000
    832
    sqft
    1
    Baths
    2
    Beds
    a classic 2 bedroom 1 bathroom craftsman bungalow circa 1922 lovingly restored andrenovated including beautiful flooring, exquisitely appointed sun filled kitchen, traditional wainscoting plus much mo...
    Camarillo, CA 93012
    $860,000
    1292
    sqft
    2
    Baths
    3
    Beds
    Welcome to this charming Craftsman Ranch-style home, where modern comfort meets classic elegance! Nestled in the heart of Mission Oaks, this single-story residence features three spacious bedrooms and...
    Garden Grove, CA 92840
    $989,000
    1240
    sqft
    2
    Baths
    3
    Beds
    Imagine your dream home just a mile away from the magic of Disneyland! Nestled on a generous, oversized corner lot, this property offers endless possibilities.
    Newport Beach, CA 92660
    $920,000
    1050
    sqft
    2
    Baths
    2
    Beds
    Welcome to Harbor Woods Place, ideally situated on a prominent greenbelt location in this tranquil community just steps to the community pool and clubhouse yet centrally located in the heart of Newpor...
    San Diego, CA 92109
    $7,450,000
    2555
    sqft
    3
    Baths
    4
    Beds
    Prepare to be captivated by this breathtaking beachfront masterpiece at 3281 Ocean Front Walk.
    Laguna Niguel, CA 92677
    $2,875,000
    3565
    sqft
    4
    Baths
    4
    Beds
    More photos coming soon! Nestled within the exclusive gated community of San Joaquin Hills, this recently remodeled masterpiece combines luxurious living with the ultimate entertainer's lifestyle...
    Rancho Cucamonga, CA 91739
    $919,000
    1949
    sqft
    2
    Baths
    4
    Beds
    Must see this amazing single story home in Rancho Cucamonga with a wide open floorplan! This georgeous home boasts a huge backyard with 14, yes 14 palm trees, large concrete stepping stones with red ...
    Valencia, CA 91354
    $899,000
    2346
    sqft
    3
    Baths
    4
    Beds
    This stunning Valencia West Creek Pool Home offers 4 bedrooms, 3 bathrooms, and a spacious loft.
    Los Angeles, CA 90064
    $4,995,000
    5264
    sqft
    5
    Baths
    6
    Beds
    Experience a remarkable opportunity to own an exquisite property in prestigious Cheviot Hills.
    Alameda, CA 94502
    $995,000
    1198
    sqft
    3
    Baths
    2
    Beds
    Delightful 2 bedrooms, 2.
    Glendale, CA 91208
    $3,598,888
    4467
    sqft
    5
    Baths
    5
    Beds
    Welcome to the Crown Jewel of the City in the prestigious Pari Estates area of Glendale.
    Yucaipa, CA 92399
    $550,000
    1904
    sqft
    3
    Baths
    3
    Beds
    Nestled in the heart of Yucaipa, this captivating 3-bedroom, 2.
    Hemet, CA 92543
    $514,900
    1698
    sqft
    2
    Baths
    3
    Beds
    Welcome to Your Affordable Dream Home in McSweeny Farms.
    Garden Grove, CA 92843
    $1,550,000
    2590
    sqft
    5
    Baths
    8
    Beds
    Incredible 4-UNIT investment property nestled in the highly desirable neighborhood of Garden Grove.
    San Bernardino, CA 92405
    $465,000
    1596
    sqft
    2
    Baths
    2
    Beds
    Discover the charm of this 1947 Spanish Bungalow nestled in the tranquil San Bernardino neighborhood.


    ​​​​​​​Transcript:

    Hi everybody, John Collins, San Diego Realtor. Brining you the December market update, but really a look at , San Diego's realestate market as a whole, and then looking forward to , what we might expect. I'll also be talking about the big news, which was just yesterday the Fed, after close to a decade, just raised the interest rate for the first time in that length of time. And, what that means for buyers and sellers, we'll talk a little bit about that.

    Now, has been a good year, and looking forward, is probably going to be a pretty good year as well. Values from January tonow, across San Diego County, the median price is up close to eight percent. So that's great, obviously. Now, inventory on the other hand is low, it has been low. We saw the typical increase during the busy moths of the summer but it's always been lower than normal and right now it's down about twelve percent from where it was at the beginning of the year. So that's going to continue to keep demand high, obviously, and prices, that's an upward pressure on price.

    Some of the indicators going forward are good. New construction is up, largely multi-family homes, which is going to be really the future trend for homes in San Diego. But all this is good. The Fed rate increase, what they said is that they are going to now increase the interest rate from basically zero, where it's been for a long time, they're going to increase it a quarter to half a percent. Now, while that doesn't directly relate to the mortgage rate, how much it's going to go up, it's not a one for one increase, but that is an upward pressure on the mortgage rate so we'll see
    how those start creeping up. Now, it's not a big increase and it's not going to create a huge difference right away, but this is a strong indicator that things are going to continue to go up over time. We've been at just crazy low rates for so long. People are used to three and a half or four percent, and really, historically, that is just so low. On a year average, seven or eight percent really is closer to the norm. And, so, while we won't be seeing that anytime
    soon, I'm happy to say, it is reasonble to expect a couple of percent over the next year or two years, it's not crazy to think. That really does eat into the buying power of buyers and it creates a smaller segment of people for sellers who can afford their home, so this is an important thing to pay attention to going into .

    That said, growth is anticipated to continue through . As a state, they are looking at three to four percent. Probably, that's what they're predicting. But, real estate is a cyclical thing, so it will not keep going up forever. The good news is that with this relatively slow and steady growth over time we can expect the adjustments to be a lot more palletable than what we saw in the Great Recession, which was obviously a great catastrophe.

    Now, San Diego itself is a great market to be involved in. It was just identified by Realtor.com as the third hottest market in the country. Now that's based on activity and values and where they expect that to go. They're very bullish on this market for the coming year. So, that's great news.

    I hope this is information that is useful to you and gives you confidence in the coming year. I know in this day and age it's hard to know what's going to happen next and the good news is that things are looking great for San Diego Real Estate in the coming year. If there are questions I can answer for you, please don't hesitate to reach out to me. Let me know. I really welcome the opportunity to help. In the mean time, I hope you have a great day, Happy Holidays, Happy New Year. Enjoy this time and this gorgeous city we live in, America's Finest City, and I'll look forward to talking to you soon. Take care.

    John Collins

    John Collins

    DRE# 01948188
    Inquire Now

    I agree to be contacted by Collins Coastal and Coldwell Banker Realty via text. To opt out, you can reply "STOP" at any time or click the unsubscribe link in the emails. Message and data rates may apply. Message frequency varies. Privacy policy and Terms of Service

    admin Real estate https://www.royacdn.com/unsafe/smart/Site-293dd465-f306-4334-ba57-871e6c0ec29d/Homepage_AboutJCPhoto.png realtor https://g.page/r/CayICkO-JykjEBM/review # # https://www.royacdn.com/unsafe/smart/Site-293dd465-f306-4334-ba57-871e6c0ec29d/Homepage_AboutJCPhoto.png