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 September 23, 2019

The Best Time To Buy A House Is Now: Top 5 tips to get a deal!

By Caroline Abkar, Realtor  –  9/23/2019

 

 

 

Buyers always ask me: when is the best time to buy a house? Turns out, realtor.com crunched numbers to figure out exactly when the best time to buy a house for 2019 is and it is… right now, right this week!

Statistics show that there will be north of 26% less competition for buyers out there with many families having already settled in time for back to school. In addition, homes that did not sell over the summer are seeing increased market days which in turn equates to motivated sellers. There is also some new fall inventory hitting the market as we speak, with sellers wanting to close their transaction before the end of 2019. Realtor.com projects a 6% increase in inventory starting this week. Throw in the low interest rates, and it’s the perfect home buying environment out there.

I am sharing my top 5 tips on to get that deal. It’s all in my quick video!

About the author: Caroline Abkar is an established 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.