Best Time to Buy or Sell – 92127 Market Report 2/15/19

Just for the record…
It doesn’t matter to us when you buy or sell. Our goal is to help you when the time comes and it feels right for you.
With that being said, NOW is a great time of year to buy or sell a property.
Why?
1) Mortgage rates continue to be at a 12 month low. So far this year the 30 year fixed rate has averaged 4.44%, compared to 4.54% for all of 2018.
This can benefit buyers and sellers, as it should help encourage more qualified buyers to get in the game and make legitimate purchase offers.
2) Our Spring Rush of market activity normally hits around late March to mid July.
As a seller, you want to be ON the market and at the RIGHT price, BEFORE this rush of activity hits. Because once it’s gone and the excitement is over, that could be it for the height of the annual cycle…
So, if you want to take advantage of the best time of year to list your property, just reply to this email and we will be happy to discuss pricing strategy and options with you.
Or, click here for a free market analysis of your property…
We are always here to help you in anyway that we can…
Reach out anytime…

Posted on March 3, 2019 at 11:39 pm
Jesse Garza | Posted in Uncategorized |

Current Mortgage Rates – 92127 Market Report 2/8/19

We often get asked how mortgage rates are. As you may know, they are constantly changing, but have remained historically low as of late.
According to one of our loan officers at LendUS, the European Central Bank recently put out a report expressing concern over the current economic slowdown in Germany.
This slowdown has actually caused a ripple effect, in which more U.S. bonds are being bought, and mortgage rates are reduced.
Of course this is how things stand at the moment. Only time will tell whether or not that will continue.
Rates as of 2-7-19:
Conventional 30 year: 4.625%
FHA: 4.125%
VA: 4.125%
Conventional High Balance: 4.5%
FHA: 4.375%
VA: 4.375%
         5/1 4.0%
         7/1 4.0%
JUMBO 30: 4.5% Interest Only Option: 4.625%
5/1 ARM 3.875% Interest Only Option: 4.5%
7/1 ARM 4.0% Interest Only Option: 4.5%
Let us know if you’d like more information…

Posted on March 3, 2019 at 11:24 pm
Jesse Garza | Posted in Uncategorized |

2019 Housing Forecast – 92127 Market Report 2/1/19

At Windermere Homes & Estates, we are fortunate to have a Chief Economist, Matthew Gardner, on staff.
He recently published his annual forecast for 2019.
A few of his thoughts:
1) Home prices nationally will rise by about 4.6%.
2) Mortgage Interest Rates will top out at about 5.5% by the end of 2019 and not rise above 6% until 2020.
3) There will be no housing bubble, but simply a move towards a more balanced and normalized housing market.
More to follow next week, about how this ties into our local market.
Click the following link to see Mr. Gardner’s forecast…
And, if you missed last
week’s report…
Click Below for the Monthly and Annual Housing Stats for San Diego County and the 92127 zip code…
Let us know if you have any questions…

Posted on March 3, 2019 at 11:01 pm
Jesse Garza | Posted in Uncategorized |

Monthly and Annual Housing Stats – 92127 Market Report 1/25/19

Here are the Monthly and Annual Housing Stats for San Diego County and the 92127 zip code…
The overall number of transactions in San Diego, dropped from 15,552 in 2017 to 13,636 in 2018. That is a decline of 12.3%.
Here in 92127, the total number of transactions dropped 17.8%, t0 718 in 2018.
Nationally, home prices rose 5.5% in 2018, while the national median household rose only 1.8%.
Click Below for the separate reports…
Let us know if you have any questions…

Posted on March 3, 2019 at 10:51 pm
Jesse Garza | Posted in Uncategorized |

2019’s Market Shift – 92127 Market Report 1/11/19

Last year was a great year for Windermere Homes & Estates, as we helped clients close over $1.5 billion in real estate transactions.
Tomorrow marks one year ago, that Tracy and I took advantage of an opportunity to switch brokerages and join the Windermere team.
As second year Realtors at the time, we made our decision because of the company leadership, training, tools, affiliates, and high caliber agents that we would be able to work with.
We couldn’t be more pleased with our decision, which fueled much of our success and positioned us to help more people in 2019.
Picking up where we left off in 2018, we are seeing inventory slack off again. One reason for this could be that sellers who were unsuccessful at the end of the year have decided to pull back for a bit.
For several months, we have seen homes remain on the market longer, and price reductions have become the new norm.
There is no doubt that some type of market shift or correction has already begun. To what extent this shift/correction will run, remains to be seen. Only time will tell…
We will continue providing updates, as we get the information…

Posted on March 3, 2019 at 10:10 pm
Jesse Garza | Posted in Uncategorized |

2018 Housing Stats – 92127 Market Report 1/4/19

2019 is finally here and we can’t tell you how excited we are.
Below you will find the market stats for the full year compared to last year.
Our outlook on the 2019 92127-Rancho Bernardo Real Estate Market is that we will have another somewhat flat year in terms of number of transactions and average prices.
So, why are we so excited?
Because regardless of what the market does, people still need help buying and selling everyday. And we will be right here to help you through any market that comes our way.
92127-Rancho Bernardo Real Estate 2018 Compared to 2017
Detached Single Family Stats:
Transactions down 14.8%
Average Prices up 5.8%
Total Volume up 3.5%
Attached Single Family Stats:
Transactions down 20.5%
Average Prices up 20%
Total Volume up 6.1%

Posted on March 3, 2019 at 10:05 pm
Jesse Garza | Posted in Uncategorized |

Weekly Market Updates – 92127 Market Report 3/1/19

Weekly Updates…
We hope these weekly emails are providing you with all the information you need to stay on top of the market at all times…
If there is any information that we could add to it that would help you moving forward, please reply to this email and let us know…
We’re always looking to improve our business, so we would love to hear any feedback that you may have.
By the way, if you’ve missed any of our previous emails, you can see them at the link below:
Click Below for the recent housing stats:
We are always here to help you in anyway that we can…
Reach out anytime…

Posted on March 3, 2019 at 9:29 pm
Jesse Garza | Posted in Uncategorized |

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