October 2022
OPTIMIZE OCTOBERExperts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value. Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters noted below is 2.5%. While one, Zelman & Associates, is calling for depreciation, the other five are calling for appreciation. To understand why experts are calling for appreciation next year, look to the economics of supply and demand. Dave Ramsey, Financial Expert, says this: “The root issue of what drives house prices almost always is supply and demand . . .” Second, millennials are moving through their peak homebuying years. Since they’re the largest demographic behind the baby boomers, demand isn’t going away any time soon. Janicke Swanson |
Are you worried home prices are going to fall? Check out this video to see why experts believe we will still see a 10% appreciation this year.
JUST LISTED!
5161 Renaissance Ave #A, San Diego, CA 92122
2 Bed + Optional Bed/Loft l 2.5 Bath l 2,101 SF
Offered at $1,399,000
Highly desirable townhome in the quiet gated community of La Florentine in the Renaissance area of UTC. This corner end unit in the quiet/private area of the community features spacious open floor plan of 2,101sq. ft living space with 2 bedrooms, a loft/optional 3rd bedroom (many units have easily made this into a 3rd bedroom) plus a downstairs den/office, and 2.5 baths.
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OCTOBER EVENTS CALENDAR
OSLO, NORWAY TRIP
Oslo, Norway... It was so nice to see you again! After 3 years, I was finally able to visit my hometown and family! Having grown up in this city for half my life, now visiting this city as an adult and a tourist, having love for design, architecture, and real estate, I appreciate this city more than ever.
THE NEWS
Top Reasons Homeowners are Selling Their
Houses Right Now
Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house.
Data shows 51% of homeowners have a mortgage rate under 4% as of April this year. And while it’s true mortgage rates are higher than that right now, there are other non-financial factors to consider when it comes to making a move. In other words, your mortgage rate is important, but you may have other things going on in your life that make a move essential, regardless of where rates are today.
NEW LISTINGS COMING SOON...
TIERRASANTA, 92124
Single Family Home l 4 Bed l 3 Bath l 2,604 SF
DEL MAR, 92014
Single Family Home l 4 Bed l 2.5 Bath l 2,433 SF
CARMEL VALLEY, 92130
Condo l 2 Bed l 2 Bath l 944 SF
Email me for more details!
RECENT ACTIVITY
ACTIVE
5161 Renaissance Ave #A l UTC
2 BED + OPTIONAL BED/LOFT l 2.5 BATH l 2,101 SF
Listed at $1,399,000
*Representing Seller
ACTIVE
4055 Lamont St l Crown Point
2 BED l 2.5 BATH l 1,554 SF
Listed at $1,449,000
*Representing Seller
ACTIVE
4055 Lamont St l Crown Point
2 BED l 2.5 BATH l 1,554 SF
Listed at $1,449,000
*Representing Seller
SOLD
7557 Crescendo Ln l Santaluz
4 BED l 3.5 BATH l 2,696 SF
Listed at $1,895,000 l Sold at $1,850,000
*Represented Buyer
SOLD
1537 Hillstone Ave l Escondido
4 BED l 3.5 BATH l 3,259 SF
Listed at $1,975,000 l Sold at $1,815,000
*Represented Buyer
SOLD OFF-MARKET
3985 Carmel Springs Way l Carmel Valley
2 BED l 2 BATH l 1,236 SF
Off Market Fixer - Listed at $1,249,000 l Sold at $1,280,000
Represented Buyer and Seller
SOLD OFF-MARKET
3985 Carmel Springs Way l Carmel Valley
2 BED l 2 BATH l 1,236 SF
Off Market Fixer - Listed at $1,249,000 l Sold at $1,280,000
Represented Buyer and Seller
SOLD
7190 Shoreline Dr #6302 l UTC
2 BED l 2 BATH l 848 SF
Listed at $699,000 l Sold at $730,000
Representing Seller & Buyer
SOLD OFF MARKET
3937 Carmel Brooks Way l Carmel Valley
3 BED | 2.5 BATH | 1,738 SF
Listed at $1,600,000 l Sold at $1,610,000
Represented Seller & Buyer
BUYER NEEDS
- Carmel Valley. & Rancho Penasquitos - Detached up to $1.6M
- UTC/Carmel Valley - condo $750,000 -
- Carmel Valley - Detached up to $2M
