04/08/2026
🏡 Carmona’s San Diego Real Estate Monthly Newsletter Apr 2026
I wanted to share a quick update on what I’m seeing right now in the San Diego market—there’s a lot happening behind the scenes that’s going to impact home values, opportunities, and timing.
📊 Market Snapshot (What I’m Seeing Right Now)
The San Diego market is stabilizing, not crashing—and that’s important.
Home prices are expected to grow 2–4% this year
Demand is still strong, with homes selling close to asking price
We’re seeing more inventory, which means buyers have more options
Slight price softening in some areas = negotiation opportunities
👉 My take:
We’re in a window where buyers have leverage, but long-term fundamentals are still strong.
🧠 Key Trend: Affordability Is Driving Change
San Diego is actively trying to fix the affordability gap.
New housing plans are focused on “middle housing” (duplexes, townhomes, smaller homes)
Potential pricing for these could land around $600K–$700K vs ~$950K median
👉 My take:
This could be one of the biggest shifts we’ve seen—more entry-level ownership opportunities.
🏗️ Major Developments to Watch (These Will Impact Values)
Here are some of the big projects I’m keeping an eye on:
🔹 Midway Rising (Sports Arena Area)
Thousands of new homes + retail + entertainment
One of the largest redevelopment projects in San Diego
👉 Full story: https://www.axios.com/local/san-diego/2026/02/05/midway-rising-next-steps-san-diego-supreme-court-height-limit-housing
🔹 Riverwalk San Diego (Mission Valley)
Massive mixed-use community
Residential + retail + parks + riverfront access
👉 This is going to reshape Mission Valley long term.
🔹 San Diego Unified Workforce Housing
Up to 1,500 new housing units for local employees
👉 Big move toward affordability + workforce retention.
🔹 Clairemont & College Area Plans
Capacity for 30,000+ new homes across these communities
👉 Expect long-term density growth near transit corridors.
🔹 Airport Expansion (Terminal 1)
Major infrastructure upgrade improving access + demand
👉 This tends to boost surrounding property values over time.
🏡 Affordable Housing Pipeline
18+ projects already approved or under construction
Over 1,600 new affordable homes coming
👉 This helps supply—but demand still outweighs it.
💡 Interesting Market Insight
Wages are starting to outpace home prices in San Diego County
👉 Translation:
Buyers are slowly regaining purchasing power.
⚠️ Something Most People Don’t Realize
There are thousands of vacant homes that may soon face taxes if unused
👉 If that happens, we could see:
More inventory hitting the market
Potential downward pressure on rents
📍 My Honest Take (From the Ground)
Right now, I’m seeing:
Buyers = more cautious, but still active
Sellers = adjusting expectations
Investors = starting to re-enter quietly
👉 The biggest mistake I see?
People waiting for a “crash” that likely isn’t coming.
📣 Call to Action
If you’re even thinking about making a move—buying, selling, or just curious what your home is worth—I’m always here to help.
📲 Call or Text me anytime
💬 Or just reply to this message
Even if it’s just a question, I’m happy to give you real, honest insight.
