If you are considering selling your San Diego home, then you’ll be happy to know that there has never been a better time!
The real estate agent that you choose to sell your home should:
If you would like to discuss the possibility of selling your home, I’d love to help you!
As a native San Diegan, I enjoy helping people sell their homes all over our beautiful city, from Coronado to Oceanside and Rancho Bernardo to Downtown.
Feel free to reach me for a no-pressure, no-cost consultation.
According to data published by the Greater San Diego Association of Realtors®, the median sales price of a detached home in San Diego County in December 2020 was $747,500. That is up 12.40% since January 2020, when it was $665,000.
The median sales price of a condominium or townhome in San Diego County in December 2020 was $494,000. That is up 13.56% since January 2020, when it was $435,000.
It is simply the law of supply and demand.
The competition among buyers for such little available inventory in San Diego creates multiple offer situations.
This means that you, the seller, will most likely receive offers that not only meet your listing price, but exceed it (often by a significant amount).
Provided that your home doesn’t have major issues and is priced and marketed properly, then it should sale quickly.
It is common right now in San Diego to see homes get listed for sale on a Friday and be done (i.e. in escrow) by Monday morning.
In today’s Covid-19 world, the quicker your home sells, then the less time it has to be exposed to strangers.
Price is obviously the most important thing to most seller’s, but don’t forget about terms of the sale!
In a market such as this, where you have all the leverage, you have a great opportunity to address terms that may be important to you.
For example, to seal the deal, many buyer’s are willing to do things such as pay some of your closing costs or to let you lease back your home for a period of time (for free), for example.
Because interest rates are at such historic lows, buyers are able to afford to pay a higher purchase price.
When the pandemic was first announced, everyone in the housing industry took a collective deep breath because no one knew what this would do to buyer’s. Well, as it turns out it has fueled a buying demand the likes that have hardly ever been seen before.
Because people are now spending so much more time in their homes (for who knows how much longer), they are taking a hard look at their current situation and are deciding they need a bigger house or a better neighborhood.