It's not over yet, but after several weeks of very interesting headlines I am pleased to announce that things are LOOKING UP for San Diego real estate! There is a light at the end of the tunnel.
Industry analysts, journalists and economists who, after months of "nay saying", are finally coming around to the reality that real estate is and remains a good, solid, long-term investment and that buyers who enter the market right now, will probably be getting in on the best chance to own a slice of "Terra Firma" in more than 15 years.
Based on what we're seeing here locally, May has been one of our best months in quite a while.
The big change: an increase in multiple offers. This trend is continuing to leave a big impression. Some of the most prominent areas enjoying the benefits of multiple offers are: San Diego North County reporting 15 multiple offers last week; Carlsbad with six multiple offers, one of which received 10 offers; San Marcos with four multiple offers; and several parts of our more affordable, outlying areas like Escondido and Valley Center with five offers.
Yes, this trend is likely seasonality but part is based on a new public perception that there is value and buyers are starting to take action.
As we all know, the biggest challenge of all of is defaults, largely due to financing problems, buyer cold feet, or, in the case of REOs and bank-owned properties, difficulty in negotiating. While there can be value in REOs and bank-owned properties, buyers need to be made aware of the pitfalls and challenges they will be facing when negotiating prior to making offers.
The message remains the same: If you are not already, now is the time to buy! Yes, there are challenges in the economy. Yes, oil prices are high. But the combination of low interest rates, attractive inventory and motivated sellers, simply can't be beat.
Please visit my website @ www.daveharlan.com and order one of my many free reports: "16 Mistakes Sellers Make When Listing Their Homes" or "5 Powerful Buying Strategies" that will help you make bid profits. I look forward to serving you. If you do write, please include your phone number so I can follow up in person. Your confidentiality will be respected.
ZIP Codes: All, San, Diego, Cities Approximate Location Boundaries: Riverside to the north, Imperial County to the east, Mexico to the south and the blue Pacific as far west as you can hope to see.
Location Characteristics: North County from Del Mar to Fallbrook
About Dave Harlan:
Having lived in San Diego County for over 30 years and with over 25 years of sales and marketing experience, I have the knowledge and experience crucial to assist you in buying or selling a home. The real estate industry becomes more sophisticated and challenging every day. You deserve a FULL TIME dedicated professional agent who has extensive market knowledge, attention to detail, integrity and tenacious negotiating skills. Affiliated with an exciting new company 1st ROCK Integrity with a powerful network of real estate professionals across the nation. To assist you in finding the perfect home, I offer a computerized service that will alert you immediately via e-mail if a property meeting your specific search criteria becomes available. Please visit my website at: www.daveharlan.com to sign up for this FREE service. If you are looking for a serious REALTOR® with a sense of humor please give me a call. Here are some of my Credentials:
- National Association of Realtors - California Association of Realtors - North County Association of Realtors - Member of San Diego County Multiple Listing Service - Reciprocal Member of the Riverside Multiple Listing Service - Bachelors Degree - Sales & Marketing, Cal Poly, San Luis Obispo, CA - Masters Degree – Business Administration, National University, San Diego, CA - E-Pro – Certified On-line E-Communication Professional *Almost 100% of my business comes from referrals by satisfied clients. Please feel free to visit my website to read their personal testimonials. I enjoy the relationships I develop with my clients and would love the opportunity to work with you.
Warmest Regards, Dave Harlan
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
