Giving Thanks – San Diego Market Report 11/27/19


Giving Thanks For Another Wonderful Year

Happy Thanksgiving!
Tracy and I would like to take a quick moment to wish you the very best Thanksgiving holiday with your friends and family!
May you all be surrounded by peace, love, and joy during this holiday and beyond. We’ve known many of you for years, while some of you were newly met this year. We are truly grateful for each and every one of you!
Home values in San Diego County continue to rise ever so slightly. Annual median home sales increased 1.2% for detached homes and 1.7% for attached homes in October.
If you have any questions about the the current state of your local market in San Diego, reach out any time…
We are happy to help!
Thank You!
Posted on November 28, 2019 at 6:32 am
Jesse Garza | Category: Uncategorized

Realistic Buyer Repair Requests – San Diego Market Report 10/18/19

The RB Sunrise Rotary Fundraiser: Rancho BEERnardo Festival

Let’s Talk Buyer Repair Requests
The inspection contingency period is a critical point in any real estate transaction. This is the period of time (usually 17 days) when the buyer is expected to review all disclosures and conduct all necessary investigations. This period essentially allows a buyer to perform their due diligence, so that they may confidently decide to either move forward with the transaction or cancel the contract.
Buyers will often submit repair requests to the seller during the inspection contingency. It’s usually best to do so as early as possible, to allow enough time for negotiation.
It’s also important to keep in mind that all California real estate transactions are technically considered “as is” purchases. The seller is not even required to respond to a buyer repair request, let alone agree to any of their requests.
Do the majority of sellers actually respond to buyer repair requests, as a matter of courtesy? Yes, but requests for the repair or replacement of minor items such as electrical outlet covers or failed window seals are likely to annoy a seller, rather than keep the transaction moving along smoothly.
A good rule of thumb when requesting repairs is not to ask for anything unrelated to a safety issue or the breakdown of an expensive system. Think roof, structural, major plumbing, or electrical issues. When all is said and done, the inspection contingency clause is written to protect the buyer.
If you have any questions about the inspection contingency period or which repair requests buyers should or should not make, reach out any time…
We are happy to help!
Thank You!
Posted on November 28, 2019 at 6:23 am
Jesse Garza | Category: Uncategorized

Value of Home Improvements – San Diego Market Report 9/20/19

House on the hill – 4S Ranch

What is a Home Improvement Really Worth?
One of the most common misconceptions when it comes to home improvements is that your return on investment (ROI) will be 100%, when you go to sell your home. This may not always be the case.
Usually, most cosmetic or minor repairs will pay back huge dividends and could even exceed your original investment. Fresh paint and carpet can go a long way toward increasing the value of your home. It’s always important though, not to expect a dollar for dollar return when you price your home for resale.
On average, a full kitchen remodel could cost up to $50,000. An upgrade like this would definitely increase the marketability and desirability. But according to the National Association of Realtors (NAR), this type of upgrade only brings a 54% ROI.
On the other hand, a minor upgrade which includes refinished cabinets, new hardware, and updated appliances could return up to 80% of your investment.
Refinishing hardwood floors usually returns 100% of the cost, whereas installing new hardwood floors returns about 91% of the cost.
A new roof, air conditioner, and energy efficient windows can generally result in an ROI of 105%, 71%, and 74% respectively.
When it comes to home improvements, you may get more for your home than if you hadn’t made the upgrade, but you’ll also be getting your own enjoyment while living there…even if you don’t get your full investment back.
If you have any questions about the ROI of specific home improvements or upgrades, reach out any time…
We are happy to help!
Thank You!
Posted on November 28, 2019 at 6:14 am
Jesse Garza | Category: Uncategorized

Current Housing Market Is Beginning To Normalize – San Diego Market Report 8/24/19

Otay Ranch Town Center

The Current Market is Good for Buyers and Sellers
The San Diego housing market continues to be on a path of leveling out or normalizing. Monthly median home prices were virtually flat this July and the number of closed sales decreased, indicating a healthy real estate market. Mortgage rates also remained as low as they have been since 2011.
Analysis: Current market conditions remain good for sellers who want or need to move, to receive fair market value for their home. With mortgage rates remaining low and home prices no longer skyrocketing, buyers are likely to find it more affordable to make their move at this time
Click Below for the recent housing stats:
Q2 Economic Report
Our Windermere Chief Economist, Matthew Gardner has published his 2019 Q2 Housing Report.
Prices slightly increased by 1.5% from the third quarter in 2018, but the number of sales decreased by 6.1%.
Average days on market increased from 24 to 29 days during the quarter, here in San Diego County. Despite this slight increase (which is more of a return to normal market time) San Diego continues to have the fastest selling homes in Southern California during the period.
If you need any information or are considering any type of Real Estate related move, reach out any time…
We are happy to help…
Thank You!
Posted on November 28, 2019 at 6:01 am
Jesse Garza | Category: Uncategorized

Price Your Home To Sell – San Diego Market Report 7/19/19

Veterans Memorial at Webb Lake Park

If You Price it Right, They Will Come

Pricing a home correctly is the name of the game when it comes time to sell your home. This aspect of marketing appeals to the psychology of a buyer, yet may often be counterintuitive to a seller who has so much invested into their home.

It is certainly understandable to be emotionally tied to a pricing decision, but it’s usually best to step back from emotion just long enough to look at the facts within the market.
Price your home too low and you run the risk of leaving money on the table. Price it too high and buyers may assume that you are simply unreasonable.
A home’s “right price” will generally fall somewhere within a range. If the home is in top condition, it may be safe to price it at the top of the range. If not, then pricing should move further down the range.
The price a qualified buyer will pay for any given home is based on market conditions, the condition of the home itself, and the competition or available housing inventory.
We tell our clients that the market (buyers) will always speak to you, letting you know what it is willing to pay for a home. The key is to listen to what the market is telling you. Many factors such as inventory, interest rates, wages, and overall economic climate will contribute to the market’s pricing tolerance.
A seller can control the condition of their home, terms of sale, and the price. What they can’t control is the competition, market conditions, or location of the home. In order to sell a home at the best price, it is important to get the most eyes on the property as possible. The first step to making this happen is to price it at the right point within the range.
At the end of the day, the price at which a seller chooses to put their home on the market, is their decision. As licensed REALTORS®, we provide information and professional advice, so that our clients can make the most informed decisions. We are here to help you accomplish whatever you set out to accomplish.
If you need any information about home valuation or are considering any type of move related to Real Estate, you can call, text, or email us any time.
Thank You!
Posted on November 28, 2019 at 5:47 am
Jesse Garza | Category: Uncategorized

Two Earthquakes in Southern California – San Diego Market Report 7/5/19

Amazing San Diego Sunset

We Really Live in a Great Place!
As you may have heard, Southern California experienced major earthquakes within two days, during this Independence Day week.
With a 6.4 and 7.1 magnitude quakes in Ridgecrest, CA on July 4th and 5th respectively, many may be asking if the “Big One” is coming.
Most experts say that the it’s not a question of whether the “Big One” will come, but when it will come. See the L.A. Times story here.
With that being said, we may very well live in the perfect spot, here in San Diego.
It just so happens that in addition to our near perfect weather, we are far enough away from the San Andreas Fault that most of San Diego would likely not be affected by a major earthquake.
Aside from the fact that we are one of the younger California cities, most homes are built with earthquake resistant wood frame and stucco. They are also built on a more stable foundation of decomposed granite.
You can see what makes
San Diego so safe from a major earthquake by clicking the link below
Whenever you have questions about your home and investment here in the greater San Diego area, our team always ensures that you have all the information you need to keep your mind at ease.
If you need any information or are considering any type of move related to Real Estate, you can call, text, or email us any time.
Thank You!
Posted on November 28, 2019 at 5:26 am
Jesse Garza | Category: Uncategorized

Q1 Economic Report – San Diego Market Report 5/17/19

Farmer’s Market at Bernardo Winery

Sales in Q1 are Up
Our Windermere Chief Economist, Matthew Gardner has published his 2019 Q1 Housing Report.
Although prices decreased by 10.5% from the first quarter in 2018, the number of sales were slightly up by 1.3%.
Average days on market also increased from 29 to 37 days during the quarter, here in San Diego County. Despite this slight increase (which is more of a return to normal market time) San Diego homes continued to sell faster than any other county in Southern California during the period.
As always, we work hard to serve our clients the way that they want to be served.
If you need any information or are considering any type of move related to Real Estate, just reply to this email and let us know what we can do to help.
Click Below for the recent housing stats:
Thank You!
We are always here to help you in anyway that we can…
Reach out anytime…
Posted on May 18, 2019 at 12:32 am
Jesse Garza | Category: Uncategorized

Buying or Selling? – San Diego Market Report 4/26/19

Buying or Selling?
We would love the opportunity to assist you with buying or selling property in San Diego…
Looking to Sell?
Looking to Buy?
Tell us what you are looking for…
Click Below for the recent housing stats:
Thank You!
Posted on April 28, 2019 at 10:47 pm
Jesse Garza | Category: Uncategorized

Spring Market – San Diego Market Report 4/12/19

New Banner for Garza Homes
Thinking of Buying or Selling, call us (858) 752-7004
The current state of the market is healthy. Although the Average Days on the Market for properties has increased and transactions have come down, prices remain higher than the previous month and year.
This translates to a more sustainable or “flat” market. Homeowners will still see appreciation in the value of their homes, just not at the rapid rate that they have gotten used to over the last 8 years.
Patient buyers can still find homes at a great price, but sellers can also realize significant gains when they sell.
Be sure to check out the current market activity, to see for yourself, if you haven’t already.
Let us know if you see anything on the market of interest to you, or if you’d like to discuss selling…
We can help…
Thank you for reading.
We are always here to help you in anyway that we can…
Reach out anytime…
Posted on April 14, 2019 at 8:17 pm
Jesse Garza | Category: Uncategorized

We Appreciate You – San Diego Market Report 3/29/19

Friends, Family, & Clients Event
Thinking of Buying or Selling, call us (858) 752-7004
On March 22nd, we held our spring client and friends appreciation event at our office in Rancho Bernardo.
The idea was to spend a nice evening, enjoying the company of a few friends, family, and clients who support us throughout the year.
There was plenty of fresh barbeque from Big Dev’s “Down’Home” Barbeque & Catering, along with an open bar. And the kids enjoyed pizza and dessert.
As we said to those who were able to attend, we truly appreciate our relationships with each of you, your belief in us, and our opportunity to help as many families as possible.
Thank You!
We are always here to help you in anyway that we can…
Reach out anytime…
Posted on April 14, 2019 at 8:09 pm
Jesse Garza | Category: Uncategorized

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