Scary times ahead? Well, I suppose ‘tis the season after all…
Buckle up, San Diego! Reports are officially in and after months of careful watch, economy observes predict our local housing market is indeed headed for a ‘Big Change’ by the end of 2018.
Have I scared you yet?? Don’t be… while it may be the season for scares and Hollywood horror – let’s keep Halloween out of our housing market update, sound good? So here’s what they mean when they talk about this intimidating ‘Big Change’… first off, let me just say that overall, this is going to be a good thing!
As we head into the holiday season, our market is holding significantly more inventory than this time last year (21.9% more, to be exact). While our market has experienced a slight shift and slowdown in price increases over these last few months, this coupled with a healthier market supply of homes for sale has created more stable conditions for our San Diego real estate market. All this means is that today’s market has more sellers finally taking advantage of these record-breaking home prices and that creates more options for buyers, less pressure and more power finally allocated back to buyers. This shift was a welcomed relief for buyers and economists alike, and while rumors of a ‘housing bubble’ could be heard everywhere, luckily our readers knew that this shifting relief was indeed on the horizon.
So here is what’s coming – current conditions will maintain our housing market in a positive (though moderate, ‘healthier’) incline for these last few months of 2018. Our buyer demand for San Diego county consistently maintains remarkable strength (duh! honestly, who doesn’t want to live here??) – however in consideration of rising home prices, interest rates, and the holiday ‘slowdown’ season around the corner, economists and real estate professionals alike will continue to keep a weather eye on the horizon for any further changes to our market.
Editor’s Note: Despite this general market trend assessment, we are still seeing pockets of home sales occurring with very low days on market and unusually high sales prices across San Diego county – these recent sales remain statistical outliers, but continue to occur month-by-month on county housing reports despite recent market shifts.
A Southern California native, Marla spent many years developing her business skills in Orange County, Inland Empire, and San Diego. Joining the The Arendsen Group in 2018, aspires to grow within her industry. Marla uses her exceptional creativity to quickly produce results and her extensive knowledge in the industry to effectively market real estate listings. Marla has demonstrated her passion for business and client satisfaction over the years, specializing in property management then finding her niche in real estate. Her passion for helping others and making sure that each interaction with clients is memorable and fun, as well as 100% informative and effective. Her goal is that every client has their ideal experience in buying a nd selling their most treasured financial asset.
Marla has studied business administration in college, and still continues to educate herself in her field. She began working for Fairfield Residential at the beginning of her career, as a business intern, establishing herself as a property manager. However, she soon began taking on additional roles as her managers noted her knack for establishing rapport with clients and soon grew to within the company as a Regional Supervisor.
In 2014, she moved to Carlsbad, CA finding herself in a wonderful area among talented professionals and a great community with amazing resources and people. She has settled into La Costa, and enjoys spending her time with her three amazing children and their dog. Marla devotes herself to the community, actively volunteering at the local schools as well as an active contributor at Habitat for Humanity, monthly Surfrider beach cleanups, and adoption events with Labs and More. She’s not just a beloved agent, but a trusted friend and mom who works hard, plays hard, and loves being a Real Estate Advisor.