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
  • San Bernardino, CA 92411
    $500,000
    0
    sqft
    0
    Baths
    0
    Beds
    EXCELLENT LOCATION!!, Great opportunity for builders and investors, (Retail Stores) large building with lots of potential, just a block away from 215 Freeway.
    Oakland, CA 94605
    $675,000
    0
    sqft
    0
    Baths
    0
    Beds
    A rare opportunity to own a great building! This building has been used for decades as an automobile repair shop it may hold up to 8+ cars, multiple trucks, various equipment, storage items etc.
    Perris, CA 92570
    $13,304,900
    0
    sqft
    0
    Baths
    0
    Beds
    This approximately 9.
    Perris, CA 92570
    $4,145,610
    0
    sqft
    0
    Baths
    0
    Beds
    This approximately 3.
    Perris, CA 92570
    $4,145,610
    0
    sqft
    0
    Baths
    0
    Beds
    This approximately 3.
    Perris, CA 92570
    $4,159,110
    0
    sqft
    0
    Baths
    0
    Beds
    This approximately 3.
    Los Angeles, CA 90001
    $1,050,000
    0
    sqft
    0
    Baths
    0
    Beds
    Great income property for investors with 3 auto mechanic professional stores on property, one being an auto glass store, one is smog check shop, and 3rd is auto repair shop.
    Dana Point, CA 92629
    $4,750,000
    2361
    sqft
    3
    Baths
    3
    Beds
    To schedule an Open House or to request more information about this property, call Collins Coastal at (858) 252-0200.
    Discovery Bay, CA 94505
    $937,000
    2136
    sqft
    3
    Baths
    4
    Beds
    Waterfront Luxury in Discovery Bay Fully Remodeled with Deep Water Access! Welcome to your dream home in beautiful Discovery Bay where every day feels like a vacation! This stunningly remodeled dee...
    East Palo Alto, CA 94303
    $2,300,000
    0
    sqft
    0
    Baths
    0
    Beds
    PRICE ADJUSTMENT! Very limited opportunities to purchase on the West Side in East Palo Alto! This building consists of 10 Units, 8:1x1 and 2:2x1 units with 13 parking spaces.
    Antioch, CA 94509
    $575,000
    1707
    sqft
    2
    Baths
    4
    Beds
    Discover this spacious 4-bedroom, 2-bath ranch-style home nestled on a serene cul-de-sac in the coveted Mira Vista neighborhood.
    San Mateo, CA 94404
    $998,000
    1121
    sqft
    3
    Baths
    2
    Beds
    This location is the best at Edgewater Isle with fabulous lagoon views from the main living areas, front patio and both bedrooms.
    Alameda, CA 94502
    $825,000
    1642
    sqft
    3
    Baths
    3
    Beds
    Welcome to Bay Farm Island living! This charming 2-story Garden Isle condo offers 3 bedrooms, 2.
    Oakland, CA 94601
    $399,900
    678
    sqft
    1
    Baths
    1
    Beds
    PERSONALITY PLUS! This charming, vintage cottage is a terrific alternative to condo living.
    Millbrae, CA 94030
    $1,388,888
    1235
    sqft
    3
    Baths
    3
    Beds
    Charming Millbrae Gem with Versatile Living Spaces.
    Escondido, CA 92027
    $729,000
    1040
    sqft
    2
    Baths
    3
    Beds
    Remodeled single-level home in Escondido! This beautifully updated property features an open floor plan with crown molding, recessed lighting, and durable flooring throughout.
    Morgan Hill, CA 95037
    $685,000
    1104
    sqft
    2
    Baths
    2
    Beds
    Welcome home to this beautifully updated condo in the charming Morgan Hill Village complex! This 2-bedroom 2-bathroom home boasts soaring ceilings, beautifully remodeled bathrooms, a lovely updated ki...
    San Jose, CA 95123
    $1,750,000
    1593
    sqft
    2
    Baths
    4
    Beds
    Welcome to 5749 San Lorenzo Drive, an inviting single-story home nestled in the desirable Blossom Valley area of San Jose within walking distance to grocery stores, restaurants & VTA station.
    Pacheco, CA 94553
    $799,000
    1977
    sqft
    3
    Baths
    4
    Beds
    This spacious 4-bedroom, 2.
    Tracy, CA 95376
    $599,000
    1373
    sqft
    3
    Baths
    3
    Beds
    Welcome to this inviting 3-bedroom, 2.


    ​​​​​​​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