LOOKING BACK AT QUARTER 2: Quarter 2 performed better than many expected, especially for detached homes. Buyer demand remained relatively resilient despite mortgage rates staying elevated for most of the quarter. Home values continued climbing through the spring and into early summer. Inventory increased seasonally, but not nearly as much as it did during the previous two years. The lower-than-expected inventory growth helped prevent buyers from gaining too much leverage over

LOOKING BACK AT QUARTER 1: The first quarter started stronger than many expected. Buyer demand picked up quickly in January and February, with weekly pending sales running noticeably higher than the same time last year. Inventory was still increasing, but at a much slower pace than we saw last year, which helped keep the market tighter than many buyers probably hoped for. The market overall felt much more competitive in Q1 than most people anticipated heading into 2026. The b

LOOKING BACK AT QUARTER 4: Market was slow overall as expected but held up better than the previous year in the 4th quarter. Inventory kept dropping week after week while rates were improving. Inventory was only up by about 500 year over year, by my count. Considering we spent almost the entire calendar year with inventory 2,000-2,500 higher compared to 2024, I would not have expected to end the year so close. The detached median price of $1,050,000 was flat compared to Nov

LOOKING BACK AT QUARTER 3: Market was still sluggish in quarter 3, but inventory did stop rising and actually reversed, which was good news. The peak came hard and fast...and early — 3 months earlier than last year and even 1 month earlier than 2022. Should this pace of decline continue at the same time as rates fall, a version of the recovery in values like we saw in 2019 or 2023 could be in the cards for early 2026. However, buyers faced and continue to face additional chal

LOOKING BACK AT QUARTER 2: Market was very sluggish in quarter 2, with inventory rising and interest rates remained high It was mainly due to much uncertainty due to the tariffs noise back in April and the war between Israel and Iran. The war ended quickly so that's good and the tariff negotiations seemed to be heading in the right direction so towards the end of the quarter, the fear of a total economic downturn has subsided. Active inventory officially crossed over 7,000 i

LOOKING BACK AT QUARTER 1: Other than rising inventory levels, San Diego real estate has been very “consistent” in the first quarter. Active inventory has surpassed the 2022 and 2024 highs Detached median price inched higher to $1,083,750, up from $1,074,589 in February. Attached median price did the same, up to $679,950 from $675,000 in February. In other words, home prices were ever so slightly higher in March, but those gains are teetering out. As predicted in the last ma

I want to start with saying that are thoughts and prayers are with everyone affected by these LA Fires. We had our team meeting last Tuesday and pretty much every one of us knows someone that lost their home; it's absolutely devastating. In light of it, I have gathered different website that offer assistance and guidance during these difficult times. If you were impacted or know someone that has, please make use of it or forward to the person that can. Resources for the LA

If you own a house or a rental or know someone that does: NEW INFORMATION Insurance is the BIG issue in CA. There is hope that a huge reform will take place early in 2025. ABC10 has it very well documented in terms of how we got here, what's being proposed to mitigate risk, and how to bring back sustainable insurance strategy in the near future in this newly released Special Investigation: ABC10 Report INFORMATION PREVIOUSLY PROVIDED IN MY REPORTS: Fixing up a House in CA

If you own a house or a rental or know someone that does: NEW INFORMATION: FIXING UP A HOUSE IN CA REQUIRES NEW DISCLOSURES: Assembly Bill 968 (AB-968), effective July 1, mandates a comprehensive disclosure of repairs and renovations from sellers who flip one-to-four-unit properties within 18 months of buying them. The intent is to protect buyers from undisclosed and unseen property conditions. What the seller needs to adhere to and provide to the buyer going forward: A rec

If you own a house or a rental or know someone that does: NEW RENTAL LAWS: Many new laws went into affect in 2024 that provide tenants more rights so if you own a rental, you must get familiar with all these changes: Highlight of the major changes: New statewide limits on rent increases Stricter regulations around evictions Expanded rent control Caps on security deposits More rights for tenants to fight violations Attorney website I found that provides lots of details about

If you own a house or a rental or know someone that does: (no new updates in this section so you can skip to the next one if you want) Short Term Rental Laws officially came into Effect on May 1st, 2023 Have you ever wondered what you might be able to additionally build on your property? Are your electric bills out of control? If so, consider installing solar panels like many of our clients have. Reply to this email and I will connect you with my trusted solar contact, Eri

Now let's get into some important updates from the last few months..... If you own a house or a rental or know someone that does: Short Term Rental Laws officially came into Effect on May 1st, 2023 There are still licensed available contrary to what most would expect! To View All STR Regulations for the City of San Diego or to apply for a license, Click Here Have you ever wondered what you might be able to additionally build on your property? Search and discover what is possi

If you own a house or a rental or know someone that does: Short Term Rental Laws officially came into Effect on May 1st, 2023 Tier 4 Permit applications, for Mission Beach, are closed. There is currently a wait list of over 188 applicants. Tier 3 Permits, which are for non-owner occupying properties renting for more than 20 days per year still have 1,283 applicants available in the City of San Diego. (this is actually quite shocking to me. I really thought that these licenses

If you own a house or a rental or know someone that does: Have you ever wondered what you might be able to additionally build on your property? Search and discover what is possible on any property. Browse property and permit details. Apply for permits and rebates. Learn if an ADU is possible https://symbium.com/ Short Term Rental Laws Officially Come into Effect on May 1st, 2023 Tier 4 Permit applications, for Mission Beach, has been closed. There is currently a wait list of

There are BIG changes coming to solar this year! If you were ever considering adding solar to your home, I highly suggest signing a...

If you own a house or a rental or know someone that does: Short-Term aka AirBnb rental landscape in San Diego has officially changed. You now require a permit and the lottery has officially taken place and some existing operators were not so lucky. This is the best website to learn about the application process, different tiers they have, and so much more: https://www.sandiego.gov/treasurer/short-term-residential-occupancy (For example: below is the current status of Tiers

Hey, hey My little life update before my market update (if you are not interested in my life update, scroll down to the good stuff...

If you own a house or a rental or know someone that does: Landlords and tenants: eviction restrictions have been lifted. Here is the latest on that: EVICTION GUIDELINES. You can verify if a tenant actually applied for rent relief here: CA STATE PORTAL. California Housing Finance Agency is still providing grants up to $40,000 for ADU build-outs for homeowners. ADU GRANT. If you are planning on selling or know someone that does: The market was favoring the seller still in Ap

If you own a house or a rental or know someone that does: Landlords and tenants eviction guidelines have changed once again. Here is the latest on that: EVICTION GUIDELINES You can also verify if a tenant actually applied for rent relief: CA STATE PORTAL California Housing Finance Agency is providing grants up to $40,000 for ADU build-outs for homeowners. ADU GRANT If you are planning on selling or know someone that does: New website about PROP 19 tax breaks for sellers t

Hey there, Now, let's get down to business.... After talking to several of my past clients who are now close friends, I realized that...

Here are some important updates from the last few months..... Biggest news for California as it deals with the housing shortage is the passing of the Senate Bill 9. This is a 2021 California state law that allows up to 4 homes in most single-family zones, regardless of local zoning. You can use SB9 to split your lot, add a 2nd home to a lot, or both (split lot and have 2 homes on each lot for a total of 4 homes). SB9 took effect on January 1, 2022. CLICK HERE FOR MORE INF

If you own a business or know someone that does: Small Business California Relief Grant is once again accepting applications until...

If you own a business or know someone that does: and you applied for the 1st round of the PPP loan, make sure to check with your bank...

If you own a business or know someone that does: and you applied for the PPP loan, make sure to check with your bank where you got the...