At the beginning of 2023, the Zillow 1-year forecast for San Diego home values was -0.8%. In May, their expected 1-year appreciation rate in our local areas was around +3%.
Now they are guessing it will be around 4%….which might cause more sellers to wait longer!
SE Carlsbad – 92009
NE Carlsbad – 92010
SW Carlsbad – 92011
Carmel Valley – 92130
Del Mar – 92014
Encinitas – 92024
La Jolla – 92037
Rancho Santa Fe – 92067
When is the best time to sell?
- When no one else is.
- When you have great comps (recent sales) around you.
Why sell San Diego when we are turning into Palo Alto.
All those multi-millionaires from the SF Bay Area need to retire somewhere.