Market News November 25, 2020

Housing Market News: Bay Park, Clairemont, Pacific Beach

By Caroline Abkar, Realtor.

11/25/2020.

One of the questions I am asked the most is how is the market doing? Will the prices drop? Will there be another crash?

I am a firm believer that there is no better answer than dissecting the past, using actual data and statistics to help predict the future.

Here I share the latest statistics for Bay Park, Clairemont and Pacific Beach showing the average sales price trends since 2004. This is as far as the system allows me to go.

There are several other metrics of interest such as days on market and price per square foot too. The Days on market are shown here as well.

This market update covers Bay Park, Clairemont and Pacific Beach but I can pull and analyze for any neighborhood.  Just let me know what you would like to see!

You can hover with your mouse on each data point to see the numbers for any given month.

 

 

Average Sales Price in Bay Park

Average Active Market Time in Bay Park

Average Sales Price in Clairemont
Average Active Market Time in Clairemont 
Average Sales Price in Pacific Beach
Average Active Market Time in Pacific Beach
Remember, there are several other metrics that dictate the data for a given month, such as the number of homes for sale, the type of homes (distressed, condition, size) which is why you will sometimes see spikes in the graphs. For example, if there were only 5 active listings in a given area during a very slow month, and one of those homes was twice the average price, it will absolutely skew the data for that month. Therefore, it’s good to look at rolling data and moreover you should always look at the most granular data possible for your specific home and needs so that you are looking at exactly what you need. The above gives you a general starting point for sure.
I hope you enjoy these housing market and neighborhood trends as much as I do!
Caroline

 

 

 

 

Market NewsReal Estate Tidbits October 23, 2020

Is now really a good time to sell your home?

🏡Is now really a good time to sell your home? How on earth are home prices going up during a pandemic, and why? Find out the answers in this week’s video update! 🎥

 

Real Estate Tidbits September 29, 2020

4 No-No’s When Applying For a Mortgage!

🏡 🏦  Over time, I have learned that there are specific things you should avoid doing once you decide to apply for a mortgage, otherwise you may very well hurt your chances at getting that new home!

Real Estate Tidbits July 21, 2020

3 Home Buying No-No’s To Avoid!

In my tidbit this week, I share with you 3 important No-No’s to avoid and how to plan around them as a home buyer!

Real Estate Tidbits May 29, 2020

Top 3 Tips to Increase Your Credit Score!

By Caroline Abkar, REALTOR®, B.Sc.Eng.
5/29/2020

 

Why is it important to increase your credit score? A high credit score means a better interest rate when it comes to applying for a mortgage loan. And a better interest rate means you pay less every single month to own your home!

There are several factors that affect your credit score, but these top 3 tips are the ones that will increase your credit score most.

Tip #1 to increase your credit score: Pay your bills on time.

Tip #2 to increase your credit score: Keep your credit card balance and utilization ratio as low as possible.

Tip #3 to increase your credit score: Don’t apply for a new credit card if you will be applying for a loan in the near future.

Watch the video for all the details around these 3 tips.

As always, if you have any questions or need help buying or selling a house, please reach out!

~~~
🏡 Caroline Abkar, REALTOR®, B.Sc.Eng.
Your Trusted Realtor and Advisor For Life
Windermere Homes & Estates
DRE# 01998434
Cell: 619.808.4804
www.yoursandiegorealty.com

About the author: Caroline Abkar is an established San Diego Realtor and Bay Park resident who is absolutely passionate about the community as well as representing her clients in selling and acquiring the biggest investment of their lives. A former successful engineer & project manager, she is very detail-oriented and will go above and beyond for those who place their trust in her. You can contact her anytime at 619-808-4804.

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All my videos are on YouTube: My YouTube Channel
Like my Facebook page: My Facebook Business Page
Follow me on Instagram: My Instagram Page

Real Estate Tidbits May 21, 2020

Should You Buy A House Sight Unseen?

By Caroline Abkar, Realtor, B.Sc.Eng.
5/20/2020

 

It used to be that buying a house sight unseen was mainly for out of area buyers who needed to get their hands on a home but didn’t have the ability to be present on site on time. Now, with COVID-19 changing our interactions and the way we do business, there are more and more statistics showing that several buyers successfully buy their house sight unseen. This is even truer in competitive price points when time is of the essence. I personally have had several clients ask if this is the “new” way of purchasing real estate. It’s time to share my honest opinion!

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Real Estate Tidbits May 12, 2020

Top 3 Things To Look For in a Realtor!

By Caroline Abkar, Realtor

5/12/2020

👩🏻‍💻👨‍💻👩🏽‍💻🧑🏿‍💻👨‍💻🎥 There is one thing you can do right now if a move is in your future, and that is leveraging video calls to interview and identify your dream team, including your Realtor & lender! In this video, I share the 3 very important things to look for in a Realtor!

 

About the author: Caroline Abkar is an established San Diego Realtor and Bay Park resident who is absolutely passionate about the community as well as representing her clients in selling and acquiring the biggest investment of their lives. She will go above and beyond for those who place their trust in her. You can contact her anytime at 619-808-4804.

 

Follow me!
YouTube: My YouTube Channel
Facebook: My Facebook Business Page
Instagram: My Instagram Page

Local businesses May 12, 2020

Q&A with Bay Hill Tavern in Bay Park, San Diego

By Caroline Abkar, REALTOR
5/11/2020

Please note: I wrote this pre-COVID-19 but didn’t get around to publishing it. I hope you enjoy getting to know our new local restaurant a little more. At the moment, they are open and offering their menu!

As with all my blog posts, I was not offered any complimentary meals in exchange for this post.

A few months ago, locals in Bay Park, Bay Ho, Clairemont and nearby neighborhoods rejoiced as a new eatery opened in town: Bay Hill Tavern. This family friendly restaurant defines itself as a neighborhood bar and restaurant offering brunch on weekend mornings, hosting live music on weekend nights and open late 7-nights a week. Their mission is to offer a clean, open and inviting atmosphere serving cold beer, wine by the glass and well-executed cocktails and American-fare.

Bay Hill Tavern, Bay Park San Diego

 

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Market News March 28, 2020

COVID-19 & Real Estate: What You Should Know if You’re in the Market.

By Caroline Abkar, Realtor
3/27/2020

Whether you’re in the market now or will be in the near future, this video will help you understand what to look out for and how COVID-19 is affecting the real estate market right now.

Real Estate Tidbits March 2, 2020

The Best Answer to ‘What Is My Home Worth?’

By Caroline Abkar, REALTOR
3/1/2020

 

‘What Is My Home Worth’? Ah, the million dollar question. Today, I’m give you tidbits to figure out what your home is worth. The classic thing that everybody does is go on Zillow, Redfin, Trulia, to see what their home is worth. And while that’s a good starting point, it definitely is not going to give you the best answer possible. And that’s because algorithms and computers do not take very specific factors into account. I have a whole other tidbit that you can find on my YouTube channel about Zestimates and how they’re calculated. But in order for you to know what to list for, the first thing you need to do with your realtor is look at comps. Actually your realtor should be looking at comps. And when I say comps, I don’t mean all the homes that have sold that have the same specs as yours within your entire zip code. That is too broad.

You need to look at what I like to call your micro neighborhood. You need to first of all, look at your home and your lot and find homes that have sold in the recent past three to six months that are similar in lot size and also are they a flat lot or is yours on a hill? That’s something that you need to take into account as well. The layout of your home, so inside your house, how is it laid out? You can’t know that, but your realtor who is a neighborhood expert, should have a good sense of those homes that have sold and walked inside of them to know functionally how well they were laid out compared to yours. Indeed, a functional layout is one of the top things that can affect the price.

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