Daniel Di Matteo, Realtor

04/10/2024

Across the nation, 3% of homebuyers searched to move into San Diego from outside metros.

Which cities are looking at San Diego real estate the most?

Los Angeles homebuyers searched to move into San Diego more than any other metro followed by San Francisco and Dallas.

Does this surprise you?

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
CA DRE #01776960


(Source Redfin)

11/28/2023

SOLD! Check this out👇

Not only did my Buyers purchase this home for $4️⃣5️⃣,0️⃣0️⃣0️⃣ BELOW Appraised Value, we also negotiated for the Sellers to cover $5,000 of Buyer’s costs!

There ARE opportunities in this market when you work with the right real estate professional.

If you have questions, DM me today!

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
Cal DRE #01776960

11/20/2023

📍Chula Vista real estate market update and analysis:

💰 The median list price has seen a slight increase over the past 2 weeks, now standing at $949,900. Although this is a $900 uptick from the previous update, it remains a strong indicator of a balanced market, with potential benefits for both buyers and sellers.

📆 Properties are still moving quickly, with the average days on the market now at 40 days. This reflects a modest increase of 4 days from the last update, the market remains dynamic, showcasing continued high demand compared to inventory levels.

🏠 The number of detached single family homes available for sale has risen to 75, reflecting a growth of 6 homes since the last update. This increase is to be expected going into the Holiday season.

📊 Analysis: Despite a marginal increase in the median list price and average days on the market, the Chula Vista real estate market continues to hold steady. Sellers can still benefit from the sustained demand and relatively swift sales.

As always, for personalized advice and expert guidance, feel free to reach out!

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

11/17/2023

Let’s talk about building wealth 💰

The Federal Reserve Board's Survey of Consumer Finances reveals a substantial disparity in net worth between 🏠 homeowners and 🏢 renters.

The average homeowner's net worth is nearly 40 times greater than that of a renter.

This gap has widened in recent years due to surging 📈 home equity, driven by rising home prices during a period of high demand and low mortgage rates.

Even though home prices are still increasing, it's expected to be at a more typical pace.

Buying a home remains a solid long-term investment, as property values historically appreciate. Making the decision to buy a home can significantly contribute to building your net worth over time.

The median net worth of homeowners far exceeds that of renters, highlighting the wealth-building potential of homeownership. If you're undecided about buying in today’s market, consider the substantial net worth benefits of homeownership.

Let’s connect and discuss the potential advantages of owning a home.

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

11/01/2023

CA Values Forecast to Rise📈 in 2024

C.A.R. released its 2024 California Housing Market 🔮Forecast which showed:

• Existing, single-family home sales are forecast to total 327,100 units in 2024, an increase of 22.9 percent from 2023's projected pace of 266,200.

• California's median 🏠home price is forecast to climb 6.2% to $860,300 in 2024, following a projected 1.5 percent decrease to $810,000 in 2023 from 2022's $822,300.

👉 That's a $50,300 increase for the median CA home in 2024!

Have questions? 👇

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

10/05/2023

Another home Sold in 📍Spring Valley, CA.

Congratulations to our clients on the sale of the last property of this 3-legged real estate plan that began at the beginning of the year with just a thought of it was possible.

After numerous meetings, connecting with the right professionals and strategizing, our clients just finalized the plan they set out to accomplish.

If you‘be had just a thought, a dream, or an idea about real estate, you have to call me so we can work it out honestly and transparently so you can make the best decisions for you and your family.

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

08/29/2023

Another one sold in Otay Ranch!
Monica Reyes and I partnered up to provide the very best service to our client pursuing her 1st 1031 exchange.

A 1031 exchange allows you to sell an investment property and defer the tax liability (Capital Gains) that would normally be due into the purchase of another investment property.

There are extra layers, parties, and strict timelines involved in a 1031 exchange and should not be entered into lightly as the tax implications can be in the hundreds of thousands depending on the circumstances.

This is the 1st leg of this process and we look forward to closing on their replacement investment very soon.

If you want to Lear more about selling an investment property or if a 1031 exchange makes sense for your situation, give me a call!

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

#1031

08/28/2023

Changes in the 📍 Chula Vista real estate market month-over-month:

💰 the median list price is increased by $26,500 to $989,000.

📆The average days on the market keeps increasing ever so slightly now at 30 days.

🏠The number of homes for sale throughout the city is only 59.

📉Percentage of price reductions increased by 16 to 31%.

ℹ️ the current real estate market is facing a stalemate where high rates are bringing buyer demand down while simultaneously keeping inventory levels low from homeowners who do not view it as financially viable to sell holding a 3-4% mortgage rate in exchange for 7%.
This dynamic is preventing what would otherwise cause prices to move significantly lower.

If you have questions about the current market or are looking to buy or sell a home, give me a call!

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

08/14/2023

Changes in the 📍 Chula Vista real estate market month-over-month:

💰 the median list price is down slightly to $950,000.

📆The average days on the market jumped 7 days to 14 days.
(a 100% increase but still very low historically)

🏠The number of homes for sale is up to 71.
(We've seen a gradual increase throughout the year but are 1/3 of historical norms)

📉Percentage of price reductions increased by to 21%.
(Most properties don’t need to reduce unless they overpriced to begin with)

ℹ️ I believe peak "Seller's Market" was in June/July and we will see a softening (not much) of prices and increased inventory through the rest of the year.

If you have questions about the current market or are looking to buy or sell a home, give me a call!

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

09/13/2022

Great new 3 Bedroom 🏠property just South of Palm Ave in
📍San Diego (92154)
💰Affordably priced and ready for a new owner.
If you know someone that might be interested - 🏷️Tag them so they don't miss it!

Listed by Daniel Di Matteo
CENTURY 21 Award
📱619.430.4380
Cal DRE #01776960

1152 Ransom Street is currently listed at $649,000 on Homesnap. View 35 photos of this 3 bed, 1 bath, 1050 Sq Ft home in San Diego, CA.

05/12/2022

⭐️⭐️⭐️⭐️⭐️
Reviews like these always make my day! Let’s face it, buying or selling a home can be daunting 😨

As an agent who’s sold 💯hundreds of 🏠homes, it can be easy to gloss over many aspects of a home purchase or listing since I experience them 📆everyday. However, I am always mindful to go over every detail of the process with my clients so they understand the ins & outs and the why❓ of what is, or can happen, so that they can make the most informed decisions in what can be the largest financial 💵 transaction 🤝 of their lives.

If you have 💬 questions, put my experience to work! I truly enjoy sharing my expertise.

Daniel Di Matteo, Realtor
CENTURY 21 Award
📱619.430.4380
CalDre lic #01776960

04/01/2022

📅Plan ahead and come check out this single story 🏠home this Sunday between 1-4pm!

Have Questions?
Call or Text Daniel for info 📲 619 430 4380
CENTURY21 Award
CA DRE #01776960

673 Garrett Avenue is currently listed at $775,000 on Homesnap. View 33 photos of this 4 bed, 2 bath, 2399 Sq Ft home in Chula Vista, CA.