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.
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  • San Diego, CA 92115
    $1,199,000
    1846
    sqft
    3
    Baths
    4
    Beds
    The Crown Jewel of Rolando Village Has Hit the Market.
    Hayward, CA 94542
    $1,175,000
    1770
    sqft
    3
    Baths
    3
    Beds
    Build instant equity in this market before it changes! Here is your opportunity to grab a move in ready single family home sitting in a cul-de-sac on a FLAT LOT with a ZERO MAINTENANCE BACKYARD over l...
    Pleasanton, CA 94566
    $1,798,000
    2307
    sqft
    2
    Baths
    4
    Beds
    This updated Vintage Hills home, with solar power, blends modern design and functionality.
    Pleasant Hill, CA 94523
    $1,050,000
    1117
    sqft
    2
    Baths
    3
    Beds
    Welcome to 113 Moiso Lane a rarely found Mid-Century Modern gem! With high ceilings and an abundance of windows it is bathed in sunlight year-round, enhanced by the warm natural hardwood floors throu...
    San Jose, CA 95125
    $998,000
    1224
    sqft
    3
    Baths
    2
    Beds
    Welcome to Hamilton Place -- where luxury meets tranquility in one of Silicon Valley's most serene communities.
    Belmont, CA 94002
    $2,900,000
    2910
    sqft
    4
    Baths
    4
    Beds
    Nestled on a private road, this spacious home sits on a 14,800 sqft flat lot.
    San Jose, CA 95123
    $1,250,000
    1173
    sqft
    2
    Baths
    3
    Beds
    Charming home in delightful Blossom Valley neighborhood! Conveniently located close to Schools, Shopping, Parks, Santa Teresa Library and Kaiser Hospital.
    Hayward, CA 94541
    $728,800
    1224
    sqft
    3
    Baths
    3
    Beds
    Luxury living awaits in this beautifully updated townhouse, located in a gated community with direct pool views! This modern 3-bedroom, 3-bath home has been thoughtfully upgraded with fresh interior p...
    San Diego, CA 92109
    $2,095,000
    1607
    sqft
    3
    Baths
    3
    Beds
    Move-in ready with incredible value-add potentialthis beautifully upgraded Pacific Beach classic with detached 400 sq ft unit is located just six blocks from the beach on a desirable 6300 sq ft corner...
    Oceanside, CA 92057
    $1,285,000
    3356
    sqft
    4
    Baths
    4
    Beds
    Perched on a premium oversized lot at the end of a peaceful cul-de-sac, this stunning newer home offers the perfect blend of privacy, space, and high-end comfortwithout the burden of Mello Roos.
    South San Francisco, CA 94080
    $1,498,000
    1950
    sqft
    3
    Baths
    3
    Beds
    Fully updated in 2025, this beautiful 3-bedroom, 2.
    Redwood City, CA 94061
    $2,298,000
    1850
    sqft
    3
    Baths
    4
    Beds
    This beautifully maintained Farm Hill home offers a practical layout, thoughtful updates, and comfortable living spaces.
    San Ramon, CA 94583
    $1,488,000
    1759
    sqft
    2
    Baths
    4
    Beds
    Your Dream Home Awaits! This beautiful 4-bedroom, 2-bath home is nestled on a spacious lot located in one of San Ramon's most highly desirable neighborhoods.
    Brentwood, CA 94513
    $600,000
    1362
    sqft
    3
    Baths
    3
    Beds
    Former Model Home in Brentwood's Palmilla Community Property Features 3 Bedrooms 2.
    Orinda, CA 94563
    $1,425,000
    1746
    sqft
    2
    Baths
    3
    Beds
    Darling rancher with midcentury vibes on a prime street in Ivy Drive.
    Jamul, CA 91935
    $1,600,000
    2940
    sqft
    3
    Baths
    4
    Beds
    Luxury, Lifestyle, and LandAll on One Sprawling Level Welcome to this beautifully designed single-story estate in one of Jamuls most exclusive neighborhoods, just steps from the Jamul Casino & Hotel.
    Belmont, CA 94002
    $2,588,000
    2760
    sqft
    3
    Baths
    4
    Beds
    Welcome to 2213 Semeria Ave in Haskins Estates of Belmont! This charming home has easy access to top-rated schools and major highways, including 92 and 101 ~two miles away.
    San Jose, CA 95148
    $2,598,000
    2763
    sqft
    3
    Baths
    4
    Beds
    Stunning Evergreen Gem! Situated on a HUGE lot in a quiet cul-de-sac, this gorgeous home in San Joses highly desirable Evergreen neighborhood has had just one original owner.
    Walnut Creek, CA 94595
    $1,999,999
    2825
    sqft
    3
    Baths
    4
    Beds
    Enjoy the best of both worlds with this stunning Tahoe-style country home, ideally situated on the border of Walnut Creek/Alamo, minutes from downtown.
    Oakley, CA 94561
    $599,000
    1180
    sqft
    2
    Baths
    3
    Beds
    Welcome Home! The perfect blend of comfort, charm & convenience in Oakley! This beautifully updated 3-bedroom, 2-bath home offers a warm and inviting layout with fresh interior paint, brand new carpet...


    ​​​​​​​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
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