By Caroline Abkar, Realtor.
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
🏡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! 🎥
By Caroline Abkar, REALTOR®, B.Sc.Eng.
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
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.
By Caroline Abkar, Realtor
👩🏻💻👨💻👩🏽💻🧑🏿💻👨💻🎥 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.
By Caroline Abkar, REALTOR
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.
By Caroline Abkar, Realtor
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.
‘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.