San Diego Real Estate Continues to Appreciate – Is it a good time to Sell?

That is a very tough question to answer in today’s market. The number of sales in San Diego County have decreased over the months, but that is primarily due to low inventory which is helping to keep home values up.

Many sellers are waiting for the top of the market to sell their homes, but many agents warn that this could be a faulty endeavor. You will never be able to time things perfectly. You will need to base your decision on other factors in addition to possible sales price.

One of the best ways to determine the amount your home is likely to sell for is by using a pre-listing appraisal. This will give you the most accurate opinion of value with a data backed appraisal on your home.
We all know a bad listing can result in either getting far less money for the sale of your real estate while a property listed above market value for your neighborhood will result in many additional months on market. I have seen numerous properties on market for over a year in communities where they should only have been on market for 90 days or less.

I have been completeing pre-listing real estate appraisal services on properties throughout San Diego county to help sellers and agents come up with a good listing price prior to listing the real estate for sale.
The market is looking good right now with appreciation showing throghout numerous communiteis and cities within San Diego County. For the most recent data, you can find it at DataQuick Union Tribune Chart. But as stated before, without an appraisal, you can’t assume your property has received the same appreciation as the rest of your zip code.

For example I recently noted in May 2014 appreciation rates in Chula Vista zip code showed an appreciation increase of 16% on single family residences. After running a search for comparables within a specific neighborhood, sales were actually declining. If a homeowner or agent did not have a data backed appraisal, most likely they would have listed the property far above market value for the area. This is becoming more and more common in todays market.

You can check out the appreciation and depreciation rates over at DataQuick here:

I also found a good amount of information at Zillow and Trulia. You can find tons of great up to date information on San Diego Real estate for the buyer and seller at these websites.

If you would like a very accurate and unbiased opinion of value, the best investment you can make prior to listing your home for sale is to get an accurate appraisal. I would suggest hiring a Certified Real Estate appraiser with experience in your area. If you would like my help, feel free to call Bryan at 858-232-3348.



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