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September 2017

Found 2 blog entries for September 2017.

Hey friends!  I've gotten asked a few times this week about our market here in San Diego, when a shift may be coming, and if we are in a bubble.  While no one can predict the future with 100% certainty, we can definitely explore what's going on and try to get a read on where we're going.  

First, let's talk about "bubbles."  Bubbles in real estate are characterized by two main features: 

1.  Values:  Prices become exceptionally high compared to other market indicators (like rent).  Prices rise extremely quickly. 

2.  Psychology:  Investors are optimistic to the point of euphoria and are dismissive of risk.  They feel invincible! 

I do not see EITHER of these two features occurring in today's market.  Let's dig into that a little more.

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Happy September, folks!  This has definitely been an interesting month in the San Diego real estate market.  Sales price was flat month over month this time around.  Days on market inched up by one day.  The percentage of sale price over list price dipped slightly.  These are all signs of a cooling market, but they are VERY early indicators and there may be factors at play that are unrelated to a shifting market.  We are closely tracking the market to see if we see definite signs of a shift.  Call us with questions!  If you are thinking about selling, NOW IS YOUR TIME.  

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