Today’s topic is an important one that you might ask yourself: when is the best time to sell my house in San Diego? In this video, we will discuss when is the best time of the year to sell your home in San Diego. My name is Brian of Trusted House Buyers and it’s important to understand why certain months and seasons are better than others for selling your home in San Diego; thanks for tuning in today.
If you are looking to sell your home, you’re likely going to be thinking when is the best time of the year to sell your house in San Diego? It can seem like the best time to sell a house in San Diego is any time of year since California homes are almost always in demand, especially in sunny San Diego. But some seasons can be better than others. Keep in mind this does not take into account your own persona situation, so that might be a leading factor, of course.
Like all housing markets across the country, San Diego saw noticeable decline in 2008, but the real estate market has been mostly on the upswing ever since. Typically we see longer listing periods during the winter and shorter periods during the spring and summer.
Which brings us to One of the major factors in home selling: weather actually. For many regions around the country, weather influences this pattern. Would-be buyers simply don’t shop for a house when it’s cold and windy or snowing outside. Luckily, San Diego is known for its sunshine and temperate weather, but the time of year does have a major influence on home sales in San Diego.
The real estate market in San Diego really tends to slow down during the holidays. People simply do not want to take on the financial burden of a mortgage during that time of the year, and for good reason. That’s why the real estate market starts slowing down starting in October. through the end of the year.
Now, let’s discuss when real estate in San Diego starts to really pick up. April and May are the two hottest months of the year. For San Diego home buyers, the first half of May tends to be the sweetest spot. If you can believe it, homesellers usually earn about $1,600 more in the final sale price during this period compared to any other time of the year. The second half of May and the first half of June are the other top three times of the year to list your home.
As we move further into summer, July and August come in at a close second. Families with children are more likely to move during the months when school is out. If you have children, you know that moving during the school year can be very tricky. Families looking to move may start their home search during the spring to find a home and move into it before the next school year. The summer is a great time to move when work and school schedules seem to be more relaxed.
Another major factor, as we currently know, are how the interest rates will impact the demand for homes in San Diego. When interest rates rise like they are right now, home buyers tend to hold off on their home purchasing plans, which lowers the demand for homes. Since high home values come with high-interest payments, buyers may be less eager to make a move.
here are many factors that contribute to when is the best time to sell your house in San Diego. Some of it might be weather, schedules, and your own personal situations. A contrarian might say that listing your home when it slows might actually be an advantage because of less home on the market to compete with. In some scenarios, you might not have the luxury of waiting or picking a time to sell. Life events like job relocation, military duties, divorces, family deaths are some examples of situations where you are often forced to sell, like yesterday. In these situations, Trusted House Buyers can offer you a cash offer, take your home as-is and close on your terms any time of year. For more information on the timing of your home sale and if we can help your needs, you can always call us at Trusted House Buyers by dialing, 619-786-0973.