Market Update, Virtual Feature, $100 Sammy’s Woodfired Pizza Gift Card Giveaway

News | 3rd Apr 2020

We are responding to a lot of questions about the market, so we’d like to share some of our answers with all of you. With this dynamic situation, we are constantly assessing the data and statistics, and attending virtual meetings conducted by industry experts. We will continue to update and support you based on what we are learning.

Real Estate Market Update

Real estate sales activities have been deemed essential services and we are taking the State, Federal, and CDC guidelines on health and safety seriously. We are following the orders and best practices with social distancing and keeping our in-person interactions at an absolute minimum. Most meetings with clients are being held virtually over Zoom, FaceTime and Skype and of course via the old fashioned phone 😊. Our leadership at Berkshire Hathaway HomeServices California Properties have been executing routine meetings to share updates on how we can best serve you at this time.

If you have any other questions, concerns not addressed here, or just want to talk, please don’t hesitate to contact us.

Are you still listing and selling homes? Yes! Transactions are still being opened and closed at this time. Within the Berkshire Hathaway HomeServices California Properties network, our lenders, escrow, and title companies are all able to virtually close transactions. In addition, other service companies are able to as well and we are ensuring to work with companies who have virtual capabilities. We are fielding showing requests for our listings with strict qualifying requirements, showing virtually when possible, and physical showings are being conducted when necessary. Open houses are not allowed. Even though other brokers/agents may still be holding open houses, we are honoring health and safety first.
What’s expected for this year’s housing market?
Many wonder if there will be parallels to the 2008 Housing Crisis, however nothing is the same. We are far better positioned to come back and come back strong.
You can see that the appreciation history of the last 5 years have been more consistent and stable than the crash.

Another big difference between the current market and the 2008 market, is a massive amount of equity was cashed out then, a difference of $592B more.
When is a good time to sell given the situation? Our research shows there is a small shadow inventory of homes which have been withdrawn from the market during this time and these will come back on the market, but not in large quantities. Based on the past 3 years, June has been the busiest month with the most amount of inventory listed, second to June is May, and least being April…so if you are considering selling your home, we recommend putting your home on the market as soon as the Stay at Home Order is lifted.Withdrawn properties in the last 21 days:
92014: 5
92037: 22
SD County: 415
Inventory Levels previous 3 years:
92014 APRIL MAY JUNE TOTAL
2019 39 62 75 176
2018 41 67 82 190
2017 41 71 97 209
92037 APRIL MAY JUNE TOTAL
2019 124 237 305 666
2018 122 206 296 624
2017 126 223 265 614
SD COUNTY APRIL MAY JUNE TOTAL
2019 4,930 8,427 9,913 23,270
2018 4,835 8,160 9,853 22,848
2017 4,528 7,716 9,010 21,254

PENTHOUSE VIRTUAL FEATURE
This luxurious Bayside penthouse offers an unforgettable experience
in downtown San Diego cosmopolitan living, located next to Little Italy
and perched high above San Diego Bay.1325 Pacific Highway #3502, San Diego, CA 92101
2BD + Office + Separate Family Room/Den, 2.5BA, 3,040 sq.ft.
Offered at $4,475,000
See tour here.

SOUTH MISSION BAY VIRTUAL FEATURE
Enjoy the idyllic coastal San Diego lifestyle from this meticulously
remodeled modern ocean front Townhome with panoramic views.2965 Ocean Front Walk #2
3BD/3BA 1,766 sq.ft.
Offered at $2,775,000
See tour here.

⭐️⭐️⭐️
GIVEAWAY
⭐️⭐️⭐️

In light of everything going on, let’s have some fun and support a local restaurant at the same time. Every week, we’re giving away a $100 gift card to a local restaurant.

This week, we’re offering a Sammy’s Woodfired Pizza & Grill gift card.

To enter:

❤️/👍 Our Instagram Post /Facebook Post

👉 Follow us on Instagram / 👍 Our FB page

✅ Tag friends, each tag = an entry

Stay safe and call or email if we can help with anything!

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Maxine & Marti Gellens, Berkshire Hathaway HomeServices

1 day ago

Congrats Sondra!!! 🎉
We hope you enjoy your gift card to Puesto 🌮!
Stay tuned for our next one...

More about the listing partnered with this giveaway:

1236 Park Row
La Jolla, CA 92037
3BD 3BA 2,546 sq.ft.
Offered at $2,750,000

A tranquil ambiance and prime Village locale are yours to enjoy from this charming cottage on Park Row circle. Light-filled and lovely, the single-level interior boasts voluminous, open beam ceilings in the living areas, hardwood and tile flooring, numerous skylights, as well as peek ocean and North Shore views. Each of the 3 bedrooms are generously-sized with its own bath. Surrounded by manicured gardens and mature trees, the large lot provides serene outdoor spaces including a private entry courtyard and spacious backyard ideal for relaxing with family and friends. Situated in a highly desirable in-town location where a wide variety of shops, eateries, galleries, The Cove and Pacific Ocean are at your fingertips.

#winneroftacos #tacowinner #lovelajolla #livelovelajolla #villageoflajolla ...

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Maxine & Marti Gellens, Berkshire Hathaway HomeServices

1 day ago

Congrats Sondra!!! 🎉
We hope you enjoy your gift card to Puesto!
Stay tuned for our next one...

More about the listing partnered with this giveaway:

1236 Park Row
La Jolla, CA 92037
3BD | 3BA | 2,546 sq.ft.
Offered at $2,750,000

A tranquil ambiance and prime Village locale are yours to enjoy from this charming cottage on Park Row circle. Light-filled and lovely, the single-level interior boasts voluminous, open beam ceilings in the living areas, hardwood and tile flooring, numerous skylights, as well as peek ocean and North Shore views. Each of the 3 bedrooms are generously-sized with its own bath. Surrounded by manicured gardens and mature trees, the large lot provides serene outdoor spaces including a private entry courtyard and spacious backyard ideal for relaxing with family and friends. Situated in a highly desirable in-town location where a wide variety of shops, eateries, galleries, The Cove and Pacific Ocean are at your fingertips.

#winneroftacos #tacowinner #lovelajolla #livelovelajolla #villageoflajolla ...

Photo

View on Facebook

Maxine & Marti Gellens, Berkshire Hathaway HomeServices

4 days ago

Oceanfront home available for rent on famed La Jolla Shores Beach.

Furnished at $55,000 for July and August and $30,000/month September – May. Recently refreshed including refinished hardwood flooring, freshly painted interior/exterior, new carpet and new appliances. A gated entry opens onto a private courtyard with a detached 1BR/1BA guest house. The single-level, 2BR/2BA main home showcases voluminous vaulted ceilings, an expansive oceanfront deck, and extraordinary views overlooking the ocean, surf, sand and sunsets. ...

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Market Update, Virtual Feature, $100 Sammy’s Woodfired Pizza Gift Card Giveaway

Our Response to Questions About the Current Market