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.
​​​​​​​

  • Previous
  • Long Beach, CA 90807
    $990,000
    1159
    sqft
    2
    Baths
    3
    Beds
    Welcome to this Beautifully upgraded, move in ready home in Bixby knolls.
    La Jolla, CA 92037
    $5,695,000
    3379
    sqft
    4
    Baths
    4
    Beds
    Discover privacy and coastal luxury in this stunning ocean view home ideally situated at the end of a quiet cul-de-sac in beloved Upper Hermosa.
    Valencia, CA 91354
    $929,990
    2573
    sqft
    3
    Baths
    2
    Beds
    A spacious open floorplan shared between the family room, kitchen and dining room can be found at the heart of this single-level home, offering access to the California Room through stackable sliding ...
    San Jacinto, CA 92582
    $599,000
    3255
    sqft
    4
    Baths
    5
    Beds
    With five spacious bedrooms, 3.
    Hemet, CA 92543
    $199,000
    1719
    sqft
    2
    Baths
    2
    Beds
    Why pay high space rent when you can own the land in this super clean triple wide manufactured home with 2 beds, 2 baths and an office or craft room, a carport, front porch, rear patio and 3 sheds (on...
    Pinole, CA 94564
    $925,000
    1992
    sqft
    3
    Baths
    3
    Beds
    Tri-level beauty w/breathtaking panoramic bay & mountain views! Step into an abundance of natural light & high vaulted ceiling.
    Loma Linda, CA 92373
    $1,012,110
    2767
    sqft
    4
    Baths
    4
    Beds
    NEW CONSTRUCTION! Ready for Immediate move-in! Includes Upgraded Flooring! This new single-level home boasts a low-maintenance and modern layout.
    Irvine, CA 92618
    $1,217,250
    1750
    sqft
    3
    Baths
    3
    Beds
    On the first floor of this new two-story home is a bedroom with a convenient en-suite bathroom.
    Palm Springs, CA 92262
    $599,900
    840
    sqft
    2
    Baths
    3
    Beds
    No HOA, Private Pool, Newly Renovated.
    Junction City, CA 96048
    $279,000
    1296
    sqft
    2
    Baths
    3
    Beds
    Riverfront Retreat in Junction City " Modern Living on the Trinity! Welcome to your slice of paradise on the Trinity River! This 2019 manufactured home offers 3 bedrooms and 2 bathrooms on a level...
    Rancho Cucamonga, CA 91739
    $1,175,000
    2335
    sqft
    3
    Baths
    4
    Beds
    Welcome to your Brentwood pool retreat, nestled in one of Rancho Cucamongas most sought-after neighborhoods.
    Victorville, CA 92395
    $349,900
    1848
    sqft
    3
    Baths
    4
    Beds
    Welcome to 14166 Riviera Dr, A 4-bedroom, 3-bathroom home nestled in a highly desirable Victorville neighborhood.
    Alamo, CA 94507
    $3,598,000
    4160
    sqft
    5
    Baths
    6
    Beds
    $200,000 Price Reduction! Best Value In Alamo! As you enter the gated entrance to this boutique community of Branagh homes, one is immediately drawn to the tree lined streets & peaceful neighborhood.
    Fontana, CA 92336
    $785,000
    2313
    sqft
    3
    Baths
    4
    Beds
    Step into this impeccably maintained residence, tucked away in one of Fontanas most sought-after neighborhoods.
    Newport Beach, CA 92663
    $4,950,000
    2576
    sqft
    4
    Baths
    2
    Beds
    Located in the prestigious Cliff Haven neighborhood of Newport Beach, this contemporary coastal residence offers elegance, privacy, and stunning views.
    La Habra, CA 90631
    $1,159,900
    2084
    sqft
    2
    Baths
    3
    Beds
    Take a look at this Newly Remodeled Beauty North of the Blvd.
    Santa Paula, CA 93060
    $819,990
    2327
    sqft
    3
    Baths
    4
    Beds
    To schedule an Open House or to request more information about this property, call Collins Coastal at (858) 252-0200.
    Palm Desert, CA 92211
    $510,000
    1808
    sqft
    3
    Baths
    3
    Beds
    Beautifully appointed interior unobstructed east facing views of golf course, lake and mountains.
    Sherman Oaks, CA 91423
    $3,995,000
    3200
    sqft
    4
    Baths
    4
    Beds
    Welcome to this sophisticated transitional home, completely reimagined in 2023 with clean, modern finishes and a layout designed for effortless living.
    Pasadena, CA 91105
    $1,980,000
    2822
    sqft
    4
    Baths
    4
    Beds
    Poised high atop the city in Pasadena's gorgeous San Rafael Hills, this brand-new architectural retreat offers breathtaking panoramic views from the San Gabriel Mountains all the way to Griffith P...


    ​​​​​​​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
    Inquire Now

    I agree to be contacted by Collins Coastal and Coldwell Banker Realty via text. To opt out, you can reply "STOP" at any time or click the unsubscribe link in the emails. Message and data rates may apply. Message frequency varies. Privacy policy and Terms of Service

    admin Real estate https://www.royacdn.com/unsafe/smart/Site-293dd465-f306-4334-ba57-871e6c0ec29d/Homepage_AboutJCPhoto.png realtor https://g.page/r/CayICkO-JykjEBM/review # # https://www.royacdn.com/unsafe/smart/Site-293dd465-f306-4334-ba57-871e6c0ec29d/Homepage_AboutJCPhoto.png