San Diego home prices on the rebound
By Joan Schultz, La Jolla Real Estate Expert
San Diego home priceshave risen nine straight months in a row – a trend that indicates a welcomed rebound in local real estate. With increasing inventory and historically low interest rates, sellers and buyers alike are taking advantage of the area’s prime market.
The positive sentiments follow on the heels of a recent report from the S&P/Case-Shiller Home Price index which tracks real estate throughout 20 major metropolitans in the nation. The report ranked San Diego as the second best market for increasing real estate values thanks to nine straight months of home price growth.
San Diego saw a 1.3 percent gain in home values from September to October. Compared to the previous year, home prices in San Diego surged 6 percent year-over-year – the biggest gain of its kind in seven years.
“Looking over this report, and considering other data on housing starts and sales, it is clear that the housing recovery is gathering strength,” said David M. Blitzer, chair of the index committee at S&P Dow Jones Indices.
SELLING YOUR SAN DIEGO REAL ESTATE
La Jolla is an area of San Diego that enjoys higher price points than other areas of the city. Sellers who want to capitalize on the market’s potential are listing their La Jolla homes now more than ever. Right now, it’s a great time to sell thanks in part to a rebounding real estate economy and buyers who recognize the significance of low interest rates.
To sell your home quickly and at top dollar:
Strive for detachment.I understand how important your home is to you, and the sentiments that your home carries. But if you’ve decided to sell, try to detach your emotions from incoming offers. To succeed at selling, put yourself in the buyer’s shoes.
Know your comps.It may be one thing to aim for a certain price, but when your expectations don’t match current market comparables, selling is a difficult -- if not impossible -- feat.
Prep your home.Whether its staging or light remodeling, you should expect to complete a few cosmetic improvements to increase your home’s curb appeal.
List with a La Jolla real estate specialist.I’ve been in the real estate business for 33 years with unparalleled expertise in selling La Jolla real estate. For more information about listing with me, call me at 858-551-7218 for a free market analysis of your La Jolla home or visit me at