Chris Alvis Realtor

11/23/2023

Happy Thanksgiving!

12/11/2020

San Diego, CA Real Estate Market Trends & Analysis

The San Diego real estate market remains at the forefront of the California housing sector. Local home prices are nearly three times that of the national average, and pent-up demand created by the current pandemic has stimulated a healthy amount of activity. Pending sales are actually on the rise, despite historic valuations onset by competition. While demand persists, however, it appears an equal number of sellers don’t yet have the confidence to place their homes on the market. Prices have been increasing steadily over the last year, which is why the slight pullback in home values brought about by COVID-19 may actually represent a buying opportunity. Prospective homeowners and long-term investors may find the latest disruption in the San Diego housing market to be an opportunity instead of an obstacle.

San Diego Real Estate Market 2020 Overview
Median Home
Value: $679,568

1-Year Appreciation Rate: +6.0%

Median Home Value (1-Year Forecast): -0.8%

Median Rent Price: $2,750

Price-To-Rent Ratio: 20.59

Unemployment Rate: 13.9% (latest estimate by the Bureau Of Labor Statistics)

Population: 3,338,330 (latest estimate by the U.S. Census Bureau)

Median Household Income: $74,855 (latest estimate by the U.S. Census Bureau)

Percentage Of Vacant Homes: 7.76%

06/17/2019

Get your Free copy of my new book. Click below.

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06/15/2019

Great Tips on how to stage a home for best results! Check it out here!

If you don’t have the furniture that best compliments your home so that it’s dressed to impress, renting some can be a convenient option.  Also, if the house that you are selling is completely vacant, renting furniture might not only be convenient, but the smartest move.

06/15/2019

Check this out!

Since 1 out of every 2 homebuyers spends time visiting open houses, you want to throw the best open house party that you can. How do you do this?