By Patricia Kramer and Patricia Lou Martin
According to a recent report from
, real estate industry experts are predicting a turning of the tides when it comes to local home values – and a slight, gradual upswing in home prices expected to begin over the course of 2012. This is likely to be welcome news to reluctant sellers, considering the fact that, at the close of 2011, San Diego’s real estate market suffered a cumulative $9.7 billion in value loses overall. And in addition to suggesting a brighter outlook for home prices in the future,
also suggest a current window of opportunity for investors and move-up buyers looking to capitalize on record lows in California’s notoriously pricey market – making the New Year a rare chance to snatch up affordable single-family homes throughout the state’s most beautiful ranch and coastal communities.
Over the last six years, housing prices have dropped from record peaks to make single-family housing “historically affordable,” according to a recent
real estate report. Coupled with the lowest interest rates available in decades, current prices offer those in the market for a new home an unprecedented opportunity. However, thanks to projections for soon-to-improve home values and increasing interest on the part of buyers, struggling sellers may also be in for timely relief. Many sellers have been reluctant to put their homes on the market in today’s climate, opting instead to wait out the slump. But experts agree that, even if market recovery begins within the next year, it may still take several more years thereafter to raise cumulative averages and constitute significant recovery – years that may also see a rise in interest rates, making homes less affordable to the average buyer. Ultimately, it’s important to remember that there will always be someone looking to purchase a new home in or around your neighborhood; and whether they are buying or selling, San Diego residents stand the best chance of benefiting from current market trends with the help of an experienced real estate agent.
Coastal properties pose golden opportunity for San Diego County residents
Expert property management is all about customization and commitment; and regardless of current market competition, a good agent is one who will put the client’s needs first, negotiate the best possible sale or purchase price on that client’s behalf, and zero in on each property’s unique selling points to make it stand out from the crowd.
Purchasing a home is a huge commitment; but with the right real estate broker, buyers can enjoy the excitement of the process while benefiting from expert financial aid advice, personalized assistance and smart saving tips. Before soliciting the services of a San Diego real estate agent, individuals and families in the market for a new home should be sure to:
- Allocate a monthly budget for paying off a new home purchase
- Check for any credit rating errors
- Select a preferred neighborhood or community location in which to begin the search for a new home
Finally, buyers should select an agent based on quality of service, experience and personality – all of which distinguish our expert team at
in Rancho Santa Fe. Backed by the proven excellence of Prudential California Realty and celebrated for our successful brokerage of Rancho Santa Fe, Del Mar, Solana Beach and
listings, among others, our team can ensure the best in financial guidance and market expertise for both native and newcomer San Diego residents. To learn more about our history or peruse featured listings, visit us online today: