When representing a buyer in this climate, I see benefit and success in the actions I take with my buyers. Beginning with initial contact with listing agents, to a hand shake after a showing. Obviously price is an important factor, but the offers that a listing agent can put a name with a face, also matters.
Last week we had a accepted offer, with 4 other identical offers on that property. This week we also had an accepted offer with 1 offer slightly higher. The fact that the listing agent and I were in constant communication, and my due diligence, paid off.
Below is a snap shot of the last 6 months of inventory and price trends. The trend is continuing and inventory is still shrinking.
San Diego Asking Price and Inventory History
| Date | Single Family & Condo Inventory | 25th Percentile Asking Price | Median Asking Price | 75th Percentile Asking Price |
|---|---|---|---|---|
| March 2013 | 7,021 | $270,000 | $419,900 | $789,000 |
| February 2013 | 7,056 | $263,725 | $408,125 | $756,750 |
| January 2013 | 7,272 | $254,750 | $394,500 | $714,225 |
| December 2012 | 7,929 | $249,560 | $383,175 | $697,280 |
| November 2012 | 8,963 | $249,000 | $382,500 | $691,250 |
| October 2012 | 9,561 | $249,000 | $385,400 | $703,580 |
| September 2012 | 9,951 | $249,450 | $388,875 | $698,725 |
Cell: 619-788-8354
Email: Pete@DamatoRealEstate.com
Web: www.DamatoRealEstate.com
Web: www.DamatoRealEstate.com
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