Just Listed!

Single-story, Mid-Century with Pool

Nestled in a quiet, Clairemont cul-de-sac, this beautifully reimagined 3 bedroom, 2 bath home showcases a fresh coastal aesthetic while preserving its mid-century character.

Vaulted ceilings and abundant natural light enhance the open living and dining areas, creating an inviting space that captures views of the private backyard retreat. At the heart of the home is a gorgeous, remodeled kitchen with panel-wrapped breakfast bar, quartz counters and backsplash that run the height to the new cabinets, dove-tailed drawers, a pantry, and stainless steel appliances. The space was cleverly designed with a  partial opening to the living space, yet offers twice the counter space and storage as the original 1960s design. Recent upgrades include new flooring, recessed lighting, a 200-amp electrical panel, a new water heater, and stylishly updated bathrooms. The spacious primary suite features a rare walk-in closet for added convenience.

Outside, a pergola-covered lounge, sparkling pool, and mature xeriscaped landscaping set the stage for relaxed outdoor living. Located near top-rated schools, parks, nature trails, shopping, dining, and beaches, this move-in-ready home is ready for its next owner.

Offered at $1,299,900

Visit me at one of my open houses:

Friday, March 28 10:00 - 1:00 PM

Saturday, March 29 1:00 - 4:00 PM

Sunday, March 30 1:00 - 4:00 PM

5229 Canning Place, San Diego CA 92111

San Diego Real Estate Update

After years of rapid-fire sales and ultra-low inventory, San Diego’s real estate market has shifted into a more balanced, buyer-friendly pace. The number of homes available has grown significantly—up 62% compared to last year—creating an opportunity for buyers not seen since 2019. With fewer multiple-offer situations and longer market times, today’s buyers have choices and time to reflect on each home choice for the first time in years!

Home values remain resilient, with the Freddie Mac Home Price Index reporting a 5% year-over-year price increase in San Diego County. And while buyer demand has been subdued, history tells us that won’t last long.

What’s Next for the Market?

Right now, the market is experiencing what the picture above reflects: the calm before the storm. The biggest driver of change will be mortgage rates. As of today, rates have improved from February’s peak of 7.13% to 6.70%, as Kip Davis reports below. But the real shift will come when they drop closer to 6% or below.

A rate drop of just 1% translates to significantly higher purchasing power. For example, a buyer targeting a $5,000 monthly payment at 7% could afford a $940,000 home, but at 6%, that budget increases to $1,042,500.

When rates hit this threshold, the flood of pent-up demand will be unleashed. Bidding wars will return, entry-level homes will see intense competition, and home values will rise accordingly. And I expect this because for the last 22 years, I've navigated San Diego's real estate market and experienced it first hand. It happen in 2024, when for 47 days between August 20 and October 3, rates dropped below 6.5% and we saw a signficant impact on demand. Rates jumped again at the end of September and remained elevated though the end of 2024, tampering demand.

Key Market Trends to Watch:

• Active inventory is rising, but still 23% below the pre-pandemic average.

• Buyer demand remains low—today’s pending sales are 76% lower than pre-COVID levels. This IS pent up demand!

• Market time has slowed—homes are taking 70 days to sell, the longest time recorded for mid-March since tracking began in 2012.

• Mortgage rate improvements will drive demand—buyers on the sidelines will re-enter the market when rates hit 6%.

What Does This Mean for Buyers and Sellers?

If you’ve been considering buying a home, now is the time to act. Once rates decline, competition will intensify, and today’s more balanced conditions will be a thing of the past.

For sellers, pricing strategically remains the key. While buyers currently have more options, correctly positioning your home in the market can lead to strong offers—especially before the next wave of buyer demand arrives.

Want to discuss how these market trends impact your real estate goals? Let’s connect!

Lender's Corner

Hello everyone! I’m happy to report mortgage interest rates have decreased since January and have been relatively stable over the last several weeks. As of March 27, 2025, here's a breakdown of rates for the most commonly used loan programs:

• 30-year fixed: 6.70% 

• 20-year fixed: 6.58% 

• 15-year fixed: 5.96% 

• 10-year fixed: 6.06% 

• VA high-balance (jumbo) loans, fixed for 30-years: 6.20% with an APR of 6.26%. 

Please call me for a more detailed assessment based on your particular goals and needs. Kip Davis 619-405-8510. C2 Financial, NMLS # 257102. 

Local Happenings

March 28th - April 2ND

San Diego Padres Season Is Open!

Cheer on our San Diego Padres as they take on the Atlanta Braves, followed by the Cleveland Gardians!

April 4th - 6th

Goodguys Meguiar's Del Mar Nationals

The Goodguys shows are for all Hot Rod and Classic Car fans alike.

April 5th

North Park Festival of Beers

The annual North Park Festival of Beers is back on, sampling more than 50 beers from the best breweries on the planet. Plus live music, specialty food vendors and more!

April 12th

San Diego Beach & Bay Half Marathon, 5K & 10K

Run through some of San Diego’s most beautiful beaches, bays and resorts, with this fast, flat and scenic half marathon, 5k and 10k.

April 25th - 27th

La Jolla Concours D'Elegance

The La Jolla Concours d’Elegance is proud to present a fully immersive weekend in beautiful La Jolla, California. Come for the cars, stay for the experience.

Join me for an art mixer and silent auction! Discover beautiful art from Cecilia Cresto, Sheila Daube and Carol Van Vooren who will generously donate 50% of the proceeds from the sale of their art to Make-A-Wish!

Some of the exciting silent auction items include: 

• An all inclusive package including catering for 6 people for the San Diego Symphony, valued at $2500!

• A whiskey tasting event for 8 people

• Several paintings each from the hosts and other well-known local artists

• 2 hiking backpacks

• Jewelery from local artist

When: Saturday, April 26 between 5:00 - 8:00 PM

Where: Compass office @ One Paseo

12860 El Camino Real, #100, San Diego, CA 92130

Appetizers and beverages will be served. Please RSVP to me at 619-890-2877.

Can't attend but still want to contribute? You can donate directly to my campaign.

Connect with me!