"The house next to me sold in a week, and the one down the street is sitting and sitting. What is up with our market?"
So why is it that some houses sell fast and others sit idle on the market? It comes down to one thing. Price. A seemingly well-valued house sells. The others - well they sit and sit! My comments are not suggesting you be the lowest priced house on the street. Simply, yours must be strategically priced against the most similar homes and look better than every other house on the market in that price range. Plain and simple. Our team has had bidding wars on many of our listings this year. We have ensured our prices have been strategic in a specific price range and we have gone to great lengths to ensure our listings are well prepared before going on the market. Our listings sell for 104% over the asking price.
Find out about our unique approach to getting your home sold for top dollar.
Market Conditions for San Diego County
The Median Sales Price was up 8.3 percent to $640,000 for Detached homes and 10.4 percent to $425,000 for Attached homes. Days on Market decreased 10.3 percent for Detached homes and 4.3 percent for Attached homes. Supply remained flat for Detached homes but increased 14.3 percent for Attached homes.
To read the full report, click here: Market Activity for San Diego.
People often ask, "When is the best time to sell?" Our team's response is always the same - "Whenever it makes sense for you and your goals. You cannot time any market. You can only engage in the one we know right now and if your personal goals can be achieved by selling now, then sell now." A home that sells quickly in this market is one that is well presented and priced strategically based on the current competition of available homes. As more homes come on the market, the listing Realtor and seller may need to respond to the market conditions. Or risk being that house that sits and sits and is helping every other house sell.
Curious to know what your house is worth? CLICK HERE!
If you're a buyer, we have access to off-market and not yet on the market properties. Gaining exclusive access to properties before they are advertised to everyone else will be an advantage for you, especially in this highly competitive market. When a home matching your criteria becomes available you'll be notified before anyone else. So how do you get access to these properties you ask? We work with a network of agents who share their off-market listings with us. Simply reply to this email or give us a call and let us know if you would like us to adjust your current search criteria.
You can also search at your leisure by clicking here.
OUR CURRENT LISTINGS
Perhaps you know someone who is looking for a home with the following criteria. We would sure appreciate the opportunity to help them find a great home! Here is our current list of homes on the market.
Situated on a quiet, cul-de-sac, this 1/3 acre South Escondido home has two bedrooms downs...
Incredible opportunity to own one of the largest lots in the neighborhood! This 1/3 acre l...
ANOTHER ONE JUST SOLD by The Torres Team! FOR $20,000 OVER asking with multiple offers!
Gorgeous 1/3 acre corner lot located in the highly desirable Rancho Oaktree Estates. As yo...
WHAT'S HAPPENING IN YOUR COMMUNITY
Here's what's happening in North County San Diego This Weekend. Your Weekly List...
As always, if there is anything we can help answer for you, we're just a mouse click or phone call away (760) 586-0854 [email protected]