I hope you finished 2022 with much to be grateful for and are starting the new year with much to look forward to. So often I say and hear, “Where is the time going?” Since the advent of COVID it seems like our lives have both been frozen and rushed past us at warp speed. This has allowed many of us to reflect on what and who are truly important in our lives and allocate our resources appropriately. That is the silver lining…
In July of 2022 I was given the opportunity to join First Team Real Estate, an independent brokerage and leader in Southern California sales. Along with several esteemed colleagues, we recently opened their first office in metro San Diego and are so proud of the space we have created in the HUB in Hillcrest. Be on the lookout for an invite to our official “grand opening”!
Another exciting update is my colleague Monique Motley will join forces with me to serve you and your referrals in 2023! Like me, Monique is a near native San Diegan and very familiar with communities throughout the county. After college she hung up her high tops and traded in her passion for basketball for a career in the hospitality industry in San Francisco. There she rubbed elbows with acclaimed chefs, sommeliers, and caterers at top-rated venues. With this experience under her belt, her entrepreneurial spirit nudging her and home sickness kicking in, she headed back to San Diego where she dived into the world of skincare building a very successful business and igniting a new passion for health and wellness from the inside out. Her family’s ritual of touring model homes when she was young planted a seed that eventually led to her pursuit of a career in real estate in 2015 where again, her passion, a meticulous eye for detail, and knowing how to provide first rate service, helped her develop a large clientele of delighted homeowners and sellers. I know, that when you meet her, you will be delighted as well and understand why I am thrilled to have her join me.
Let’s now turn our attention to the real estate market and what may lie ahead. My best advice is don’t trust the news headlines without the proper context. We are coming out of an unprecedented market fueled by historically low interest rates (I called it free money) paired with low inventory which led to higher price tags. We are now in an “uncertain” market fueled by higher interest rates, debates about the direction of the economy, geopolitical events around the world, and the war in Ukraine. As we move into 2023 and hopefully inflation is under control and the market becomes more certain, we should expect interest rates to go down. Not likely in the threes or fours, probably more like the high fives, low sixes which are historically average rates. And as inventory increases, prices should regulate themselves hopefully leading to a more balanced market for both Buyers and Sellers.
I firmly believe you can make a good purchase or sale whether the market is up, down or sideways as long as it is an informed decision based on facts and your specific situation, not the headline
For those contemplating a sale or purchase in the new year, let’s make an appointment to chat about the market, your goals, and options that make the most sense for your situation. Just send me an email or call 619-888-2117.
P.S. Your referrals are the ❤️ of my business. And remember, if you or somebody you know needs help in another county, state or country, I have the ability to match-make with fabulous agents all over the world!
San Diego Real Estate LAB 