As October sweeps in with its crisp air and cozy vibes, it's time to grab your favorite flannel, sip on some pumpkin spice, and enjoy the fall festivites happening throughout San Diego County! Read on to see what's new in San Diego real state, but first...

Who likes trivia?

And who could use an extra $100?

The first person who calls me (yes, actually calls!) and can correctly identify:

(1) the name of the character in the image above

(2) the year it was introduced, and

(3) why was it used

will win a $100 gift card.

Let the phone calls begin!!

San Diego Real Estate

In the weeks leading up to the Federal Reserve’s highly anticipated Sept 18 meeting, where they announced a 0.5% cut in the Federal funds rate from 5.5% to 5.0%, the 30-year fixed mortgage rates experienced a gradual but steady decline. From May's average rate of 7% to today’s 6.08% rate marks a 14% decrease and the lowest level in two years. The Fed will continue to monitor economic data to determine the pace and extent of future rate cuts. For a deeper dive into how the Fed’s monetary policy impacts mortgage interest rates, check out this easily digestible article from NerdWallet.

As expected, San Diego’s real estate market showed signs of revival starting in September. As of September 30, there were 2,292 pending sales (guage of buyer demand, a 9.5% increase from August. It appears that moving past the uncertainty and speculation surrounding the Fed's actions has given people the confidence to focus on their long-term goals, reducing the paralysis seen among both buyers and sellers over the past two years. We have less than two months to go before the Holiday season when both demand and inventory will decline through the remainder of the year.

San Diego County’s real estate market remains resilient, characterized by strong demand and limited inventory, reflected in a 5.9% increase in median home price sales since the beginning of 2024. I say this often but the message could not be truer today: Attempting to time the market does not typically result in a favorable outcome. If you want to discuss your real estate question or ideas please reach out so we can work together on a plan tailored to your specific circumstances. I will provide guidance and be by your side every step of the way.

Sources: Freddie Mac, California Regional MLS, and Federal Reserve meeting minutes.

Farewell & Thanks

In this bittersweet moment, I'd like to thank Ashley Bergstrom (fomerly Anderson) for her dedication and service to my clients over the past nearly six years. Ashley is venturing off to focus on growing her own business and serving her clients. Please join me in congratulating and wishing her well!

Under Contract!

After several months of preparation, we set out on an aggressive 7 day marketing launch that resulted in six well-qualified buyers vying for this charming mid-century home. My clients successfully negotiated terms that exceeded their original expectations and are now officially under contract with a lucky buyer. Congratulations!!

Local Happenings

Now through October 31st

Autumn Festival @ San Diego Zoo Safari Park

The San Diego Zoo Safari Park celebrates the season of color with amazing wildlife, special entertainment, and culinary comforts that create heartwarming memories and good old-fashioned family fun.

October 9th - 5pm to 9pm

Taste of Coronado

The Coronado Junior Woman’s Club will host the Annual A Taste Of Coronado. The event will feature tastings of food and drinks, showcasing Coronado’s most prominent and beloved restaurants, bars, and shops.

October 20th - 9am to 5pm

Escondido Grand Avenue Festival

Since 1989, the Escondido Grand Avenue Festival has brought live entertainment, over 400 vendors, children's rides and activities, and food from around the world to the downtown tree-lined streets of Escondido.

October 26th - 5pm to 11pm

Nightmare on Normal Street

With late night live entertainment, costume competitions (including a special pet contest for your furry, fuzzy, and feathery companions) outdoor bars, and the best people watching in all of San Diego - this is an event you won’t want to miss!

October 27th - 10am to 5pm

Oceanside Dia de los Muertos Festival

The 23rd Annual Día de los Muertos in Downtown Oceanside will be held on October 27, 2024, with altars, arts & crafts, por siempre car show, a chalk cemetery and more!

Lifestyle Tips and Tricks

What You Can Learn From Ultra-Wealthy Buyers Before Purchasing A Home

While each ultra-wealthy individual is unique, there are some general trends in their decision-making process as it relates to real estate transactions that every homebuyer can learn from...

Courtesy of Forbes

Homes Near Top-Rated Schools Cost Nearly 80%...

But homebuyers can still find bargins by giving up one thing...

Courtesy of realtor.com

Emerging Home Building Trends...

Builders are focusing on bold colors, outdoor features and creative uses of space.

Courtesy of US News

10 Cosmetic Upgrades to Sell Your Home in Record Time

Caution: Project results may make your home so beautiful, you won't want to leave.

Courtesy of HGTV

Connect with me!