San Diego Real Estate Realtor

Being a Realtor going through the ups and downs of San Diego's Real Estate market has been interesting.  When I first started my Real Estate career in 2003, I can put a house on the market and literally get 10 offers in 7 days. And when I was working with buyers, we were offering $20,000 over the asking price and not get the property. It was amazing.  Wow! how times have changed. I've been doing some research on how long it takes to sell a property and I'm getting about 75 days on the market.  In my opinion, it can be longer.  Some listings could of Expired and then put it back on the market and Sold.  Which really means a longer time on the market.  What's even making it harder for a seller to sell his or her home are Short Sales and Foreclosures.  Too many people are losing their homes and banks are selling them at a great price. 

So who's calling me for their Real Estate needs?  Buyers or Sellers?  Mostly buyers.  80% Buyers, 20% Sellers.  The buyers who are calling me are First Time home buyers and Investors.  No move up buyers.  But whats great for these buyers are they have plenty of options to pick from to find their perfect home.  I know there is no  way a buyer can find their perfect home unless they custom build one but with today's inventory, they might come close.  As for sellers, the ones who are calling me are the sellers who need to sell now.  It's really tough to be a seller right now.  Offer these days are looking at  about .70 to the dollar.  It's all about pricing it right to compete against those Short Sale and Foreclosures.

Well, that was my first blog.  I hope you liked it but if you didn't, I'll try harder next time. 

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