North County and San Diego Housing Markets May 2023

North County and San Diego Housing Markets May 2023, Pam Fraser, chart of North San Diego County housing sales statistics from April 2023

It’s been a year since we saw home prices reach their peak in the North County and San Diego housing markets. If you look at annual statistics, you’ll see that home prices have dropped compared to the same time last year. But that’s not the whole picture. Prices have actually been climbing since they hit a low point last winter. And not only are we seeing prices climb, homes are also selling more quickly with many sellers receiving multiple offers and a very high percentage of their asking prices.

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First-Time Homebuyer? How to Make It Work

First-Time Homebuyer? How to Make It Work Pam Fraser Picture of a home with a rising sun behind it

It’s not easy being a first-time homebuyer right now. At the end of last year, housing affordability hit an all-time low. Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes. Even lower-priced condos are harder to snag these days, as investors and downsizers muscle out first-timers by offering stronger, often cash-heavy bids.

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San Diego Gardens May 2023

San Diego Gardens May 2023 Pam Fraser California poppies
California Poppies

San Diego gardens are in full bloom this month. Enjoy the beauty. It’s payback for all that hard work. The rains are over, so check your irrigation to make sure your plants are getting enough water. And don’t forget to pull weeds! If you can get the weeds out before they set seed, you’ll have a lot fewer next year.

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27 Tips and Tricks for Stress-Free Home Cleaning

27 Tips and Tricks for Stress-Free Home Cleaning Pam Fraser gloved hand holding cleaning bottle and spraying with a blue background

Keeping a clean and orderly home is a challenge for many of us. Between busy work schedules, social obligations, and family commitments, it’s tough to keep up with daily chores—let alone larger seasonal tasks.

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North County and San Diego Housing Markets April 2023

North County and San Diego Housing Markets April 2023 Pam Fraser chart of North San Diego County housing sales statistics from March 2023

The North County and San Diego housing markets saw year-over prices drop in March, but it’s still a sellers’ market. What’s causing this dichotomy in the market? — interest rates and inventory. Higher mortgage rates have slowed the housing market down and put pressure on home prices, but inventory levels are still very low. This is causing a supply shortage for home buyers.

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My Home Didn’t Sell! Now What?

My Home Didn’t Sell! Now What? Pam Fraser picture of the front of a two-story home

When it comes to listing their home, most home sellers want three things: 1) to make the most money possible, 2) to put in minimal time and effort, and 3) to sell quickly. But the reality is, selling a home is rarely that simple. And homeowners who try to do it themselves, or receive bad advice, can end up stuck (months later) with a property that hasn’t sold.

If that’s you, don’t panic! I’ve outlined the top five reasons a home doesn’t sell. Plus, I’ve got action steps you can take to overcome each of these issues.

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North County and San Diego Housing Markets March 2023

North County and San Diego Housing Markets March 2023 Pam Fraser chart of North San Diego County housing sales statistics from February 2023

The North County and San Diego housing markets are continuing to follow January’s trends with slower activity overall, but also a strengthening of sales to list price ratios and fewer available homes for sale. It’s not all roses for home sellers though. Compared to last April’s peak, the median sales price has dropped by almost $100,000 in North County and by slightly over $100,000 in San Diego County as a whole. And rather than selling in just a couple weeks, homes are now taking about 40 days to sell.

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San Diego Gardens March 2023

San Diego Gardens March 2023 picture of Fiesta monkey flowers
Monkey Flowers ‘Fiesta’

Next to October, March is our busiest month in San Diego gardens. It’s a good time to plant. We can also start winter clean up and get ready for warmer weather.

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North County and San Diego Housing Markets February 2023

North County and San Diego Housing Markets February 2023 Pam Fraser chart of North San Diego County housing sales statistics from January 2023

The North County and San Diego housing markets showed more strength in January than they had in November and December. This was probably due to both lower mortgage rates and normal seasonal trends. The month-over median price ticked up slightly, inventory remained tight, and sales-to-list price improved. Despite those gains, homes did take longer to sell.

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San Diego Gardens February 2023

San Diego Gardens February 2023 Pam Fraser weeds with rain drops

While many people are waiting for snow to melt or weather to warm so they can get back into their gardens, we San Diego gardeners are lucky to enjoy our gardens year-round. Spring is just around the corner, and there’s plenty to do now to get ready for it.

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