May 2022
May Flowers and Rising Mortgage Rates!
The first quarter of 2022 saw more markets reach double-digit annual price gains than the
previous quarter, according to the National Association of Realtors®' latest quarterly
report.
These increases come as median single-family existing-home prices rose at a faster rate
nationally – 15.7% – from one year ago, up to $368,200. In comparison, the year-over-year
pace in the prior quarter was 14.3%. Notably, the South region made up 45% of single-
family existing-home sales in the first quarter and notched a double-digit price appreciation
of 20.1%. Meanwhile, the Northeast saw a climb of 6.7%, the Midwest 8.5%, and the West
5.9%.
"Prices throughout the country have surged for the better part of two years, including in the
first quarter of 2022," said Lawrence Yun, NAR chief economist. "Given the extremely low
inventory, we're unlikely to see price declines, but appreciation should slow in the coming
months."
Yun notes his prediction is based on an expectation of further supply for the upcoming
quarter, citing that the beginning of the first quarter registered a record-low amount of
inventory. He also anticipates other changes.
"I expect more pullback in housing demand as mortgage rates take a heavier toll on
affordability," he added. "There are no indications that rates will ease anytime soon."
If you want to know more about my personal opinion on the market and what is to come,
feel free to set up a coffee or phone call with me anytime!
Janicke Swanson
JUST LISTED IN VISTA, CA
Huge Investment Opportunity!
2246 Monte Vista Dr, Vista, CA 920842 Bed l 1 Bath l 930 SF l Listed at $525,000OPEN HOUSES THIS WEEKEND!Friday May 13 and Saturday May 1412-3PM Both Days |
COMING SOON LISTINGS:
CARAMEL VALLEY
Coming Soon! 92130
Carmel Valley Single Family Home: 2-Story
3 BED l 2.5 BATH l 1,830 SF
Canyon Views
Call Janicke 858.733.4433 for more details!
Coming Soon! 92130
Carmel Valley Single Family Home: 1-Story
2 BED l 2 BATH l 1,236 SF
One of the Most Desirable Neighborhoods in Carmel Valley
Call Janicke 858.733.4433 for more details!
After almost three years, our annual client appreciation party is back! Our last party was held in June of 2019. This year's party is scheduled for Saturday, June 4th, from 4PM to 7PM. So, Save The Date and Stay Tuned for your Invite with Further Details!
SAVE THE DATE!
Saturday, June 4th, 2022 from 4PM to 7PM
We are excited about the opportunity to show appreciation to all of you for your confidence, loyalty and business. See you soon!
If you have not yet received your invite by email, please let us know by emailing Kasey at kaseyplouffe@bhhscal.com
THE NEWS
How Today's Interest Rates Impact Your Home Purchase
If you're planning to buy a home, it's critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that's within your fnancial reach. Mortgage rates directly impact the monthly payment you'll have on the home you purchase. So, when rates rise, so does the monthly payment you're able to lock in on your home loan. In a rising- rate environment like we're in today, that could limit your future purchasing power.
Today, the average 30-year fixed mortgage rate is above 5%, and in the near term, experts say that'll likely go up in the months ahead. You have the opportunity to get ahead of that increase if you buy now before that impacts your purchasing power.
Today's Home Price Appreciation is Great News for Exisitng Homeowners
If you're planning to sell your home this season, rising prices are great news for you. But it's important to understand why prices are rising to begin with. One major factor is supply and demand.
In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situation, buyers are willing to pay more to get the product or service they're looking for when options are scarce. And that's exactly what's happening in the current real estate market.
RECENT ACTIVITY |
ACTIVE
727 Sapphire #404 l Pacific Beach
STUDIO | 1 BATH | 360 SF
Listed at $569,000
Representing Seller
PENDING
3937 Carmel Brooks Way l Carmel Valley
3 BED | 2.5 BATH | 1,738 SF
Listed at $1,600,000
Representing Seller & Buyer
PENDING
3415 Lake Park Ave l Fallbrook
3 BED | 2.5 BATH | 1,868 SF
Listed at $715,200
Representing Buyer
PENDING
15944 Shalom Rd l Ramona
3 BED | 3 BATH | 2,156 SF
Listed at $615,000
Representing Seller
PENDING
252 Saratoga Ct l Vista
3 BED | 2.5 BATH | 1,777 SF
Listed at $799,000
Representing Buyer
SOLD
12183 Caminito Mira Del Mar l Carmel Valley
3 BEDROOMS | 2.5 BATH | 1,333 SF
Listed at $1,159,000 l Sold at $1,200,000
Represented Buyer
SOLD
5159 Renaissance Ave #A l UTC
3 BEDROOMS | 2.5 BATH | 2,282 SF
Listed at $1,299,000 l Sold at $1,485,000
Represented Seller
SOLD
4070 Caminito Meliado l La Jolla Colony
3 BEDROOMS | 2.5 BATH | 1,427 SF
Listed at $1,249,900 l Sold at $1,300,000
Represented Buyer
SOLD
225 Fir St l Mammoth Lakes
5 BEDROOMS | 5 BATH | 5,565 SF
Sold at $3,837,500
Team Member DeDe Maw Represented Seller
PENDING
15038 Hesta Street l Poway
5 BEDROOMS | 3 BATH | 2,467 SF
Listed at $1,240,000
Team Member DeDe Maw Representing Seller
PENDING
217 Starwood Drive l Mammoth Lakes
4 BEDROOMS | 4.5 BATH | 3,802 SF
Listed at $2,599,000
Team Member Peter Maw Representing Seller
PENDING
77 Lupin St l Mammoth Lakes
3 BEDROOMS | 2 BATH | 1,377 SF
Listed at $915,000
Team Member Peter Maw Representing Seller
SOLD
1855 Magdalene Way l Bay Park
4 BEDROOMS | 2 BATH | 2,341 SF
Listed at $1,390,000 l Sold at $1,650,000
Representing Buyer - Beat 10+ offers
SOLD
12674 Carmel Country Rd #45 l Carmel Valley
3 BEDROOMS | 2.5 BATH | 1,535 SF
Listed at $1,250,000 l Sold at $1,440,000
Representing Buyer
SOLD
7160 Shoreline Dr #4308 l UTC
2 BEDROOMS | 2 BATH | 848 SF
Listed at $659,000 l Sold at $725,000
Representing Seller
SOLD
2667 Boundary St l North Park
3 BEDROOMS | 2 BATH | 1,223 SF
Listed at $999,000 l Sold at $1,250,000
Represented Buyer - BEAT 33 OFFERS!
SOLD
750 State St #107 l Downtown Marina District
2 BEDROOMS | 2 BATH | 1,282 SF
Listed at $649,900 l Sold at $735,000
Represented Buyer - BEAT 5 OFFERS!
SOLD
8990 La Camesa St l Rancho Penasquitos
4 BEDROOMS | 3 BATH | 2,475 SF
Listed at $1,249,000 l Sold at $1,450,000
Represented Buyer - BEAT 12 OFFERS
SOLD
2285 El Amigo | Del Mar
4 BEDROOMS | 4.5 BATHS | 3,684 SF
Listed at $3,650,000 l Sold at $3,400,000
Represented Buyer
SOLD
328 W Lewis St | Mission Hills
3 BEDROOMS | 3 BATHS | 1,964 SF
Listed at $1,750,000 l Sold at $1,580,000
Represented Buyer
SOLD
6759 Kenmar Way | Carmel Valley
5 BEDROOMS | 4.5 BATH | 3,226 SF
Listed at $1,999,000 | Sold at $2,175,000
Represented Seller
SOLD
12514 Maestro Ct | Carmel Valley
3 BEDROOMS | 3 BATHS | 1,646 SF
Listed at $1,149,000 | Sold at $1,500,000
Represented Buyer - Beat out 14+ Offers!
ACTIVE BUYER NEEDS
- San Diego Coastal - Condo/Attached up to $750,000
- Carmel Valley/ CDM School District - Attached/Detached up to $1.6M
Mira Mesa - detached up to $1.2M
