I am thrilled to announce that I have just sold the beautiful home located at 1567 Clifftop in San Elijo Hills. This stunning property offered elegant design, and luxurious amenities, making it the perfect dream home for its new owners.
With its spacious open floor plan, modern appliances, and premium finishes, 1567 Clifftop truly offered the best of both comfort and style. Its location in the highly coveted San Elijo Hills community made it an ideal choice for families looking for a serene, picturesque neighborhood with excellent schools and community amenities.
I worked tirelessly to find the perfect buyers for this remarkable property. I utilized my extensive network, cutting-edge marketing strategies, and a personalized approach to ensure that the home received maximum exposure and interest from potential buyers. I am delighted to have found the right match and successfully closed the deal.
If you are looking to buy or sell a property in San Elijo Hills or the surrounding areas, please do not hesitate to contact me. I have years of experience and expertise in real estate, and I am committed to providing you with the highest level of service and support.
Thank you for your continued trust in me. I look forward to helping you with all of your real estate needs.
San Elijo Hills Summer 2022 Real Estate Market Update
The average home selling in July 2022 in San Elijo Hills closed for 99% of the listing price, down from 110% in April. Average July market time was 12 days this is down from just 17 days in June and a low of 9 days in January.
The price per square foot in July was $554, down from $739 in May. Currently, only 26 homes for sale in San Elijo Hills, and 7 homes are pending in escrow. With 13 homes selling in July down from 18 homes selling in April.
26 HOMES FOR SALE IN SAN ELIJO HILLS. This link is live and will update as homes come on the market. If you or someone you know is considering making a move, please call/text Ed Philbrick 760 496-8134
2022 San Diego County Real Estate Forecast
The looming recession has buyers on the edge of their seats fully aware that the housing market has slowed considerably. From the flood of online news articles describing the real estate slowdown to the countless YouTube and TikTok videos detailing in only a few minutes how housing is about to crash, many buyers are convinced that the San Diego County housing market is on the brink of collapse. Homes are taking a lot longer to sell. The number of price reductions has surged higher in the past couple of months. As a result, many buyers sit on the sidelines waiting for prices to plunge. They are waiting for a deal, a total bargain.
Just because so many people are jumping to the conclusion that home values must plummet does not make it so. Merely mention a recession and everyone’s collective minds recall the devastating blow to housing during the Great Recession. Instead, homeowners across the country purchased their homes with huge down payments, extremely strong credit scores, money in the bank, and qualified for their mortgages. Buyers over the past many years have not been purchasing homes utilizing subprime loans, pick-a-payment plans, teaser rate adjustable mortgages, or zero down programs. This is not 2005 to 2008 all over again.
Instead, with an Expected Market Time (the time between hammering in the FOR-SALE sign to opening escrow) of 66 days, it is a Slight Seller’s Market (between 60 and 90 days). It is not a Balanced Market (between 90 and 120 days). It is not a Buyer’s Market (over 120 days). The market still lines up in favor of sellers. In fact, in the past two weeks, the Expected Market Time dropped from 67 to 66 days. Surprisingly, the San Diego County housing market got a little hotter. It appears as if this year’s rise in market time has stopped and will remain a Slight Seller’s Market for the remainder of the year. This is due to the active inventory nearing its 2022 peak, rising by only 138 homes in the past couple of weeks, and demand jumping by 5% with rates falling to levels last seen in April.
Curious about the new value of your San Elijo Hills home
Are you curious about the new value of your San Elijo Hills home in this current market? I recommend Homebot to track the value of your home and build more wealth with your home and your real estate investments or vacation home.
Recognized in Meta’s (Facebook) -Small Business Advocacy Program. Ed Philbrick has published San Elijo Life Life since 2006 with the goal of building San Elijo Hills Comunity and supporting local San Elijo Hills businesses.
The average home selling in San Elijo Hills is closing for 102% of the listing price in an average of 46 days this is up from just 18 days in August and a low of 11 days in June 2021.
The price per square foot in September was $475, down from $479 in August. Currently, only 12 active homes are for sale in San Elijo Hills, and 18 homes are pending in escrow. With 19 homes selling in September.
San Elijo Hills is highly sought after for its sense of community, schools, trails, and town center restaurants and shops. The low mortgage rates and historically low inventory of homes for sale make for a classic supply and demand issue.
The average home selling in San Elijo Hills is closing for 108% of the listing price in an average of just 11 days. The price per square foot in June was $480, up from $473 in May. Currently, only 11 active homes for sale in San Elijo Hills, and 28 homes are pending in escrow. With 28 homes selling in June. San Elijo Hills San Elijo Hills is highly sought after for its sense of community, schools, trails, and town center restaurants and shops. Low mortgage rates and historically low inventory of homes for sale make now the time to sell your San Elio Hills Home. Please call or text 760 496-8134, and we can talk about selling your home in this amazing market.
ATTENTION BUYERS: Waiting for the market to get easier for buyers is not the answer. Home values are on the rise and mortgage rates are projected to climb as well. Values are slated to rise between 6 to 8% in San Diego County, and mortgage rates will start the year at record low levels but could reach 3.5% by the end of the year. With rising values and higher rates, payments rise and home affordability will slowly erode. For buyers, waiting is not an option.
ATTENTION SELLERS: Pricing close to a home’s Fair Market Value is fundamental to obtain the highest possible net proceeds. Overpricing in today’s market is not advisable and will only result in fewer showing and fewer offers. The key to tapping into the current Hot Seller’s Market is to take advantage of the hordes of buyers waiting for more homes to hit the market. A realistic price will attract multiple offers and a bidding war will ensue. To become the winning bidder, buyers often stretch above the asking price.
Today’s buyers and sellers need a trusted local resource that can guide them through the complex world of real estate, who you work with matters. With my extensive local San Elijo Hills knowledge and commitment to providing an exceptional real estate experience to my clients, I’m your go-to source for San Elijo Hills and North County real estate insight, advice, and results. I am the publisher of San Elijo Life for 15 years and enjoy connecting and building our fantastic community.
Please let me know how I can safely be of service if you are looking to buy or sell a home.
Covering North County San Diego from “The Hills to The Coast”
I hope you’re staying cool and safe and enjoying your Summer. Today in San Diego County and San Elijo Hills, the supply of homes to purchase is low, demand is high, and home values are on the rise. Multiple competitive offers are once again the norm. Homes are quickly going into escrow. And, tight lending qualifications and low rates continue to be the strength of the San Diego housing market.
There were 3,803 closed residential resales in July, 12% more than July 2019, when there were 3,395 closed sales. July marked a 22% increase over June 2020. The sales to list price ratio was 98% for all of San Diego County. Foreclosures accounted for just 0.4% of all closed sales, and 0.5% of all sales were short sales. That means that 99.1% of all sales sellers with equity.
July 2020 San Elijo Hills Real Market:
25 sold homes sold in July (11 in April, 6 in May, and 13 in June)
15 Active listings in San Elijo Hills
$347 Median Price per Square foot
Median Sales Price $965,000
98.6% is the average percent of original asking price homes are selling for
Safety-First Listing and Home Sale Strategy. Please reach out for a 15-20 minute Zoom meeting which I will inform you of your home’s value and answer the three most-asked questions I’m getting today:
* How much is my home worth in this market? * How do you sell homes safely during COVID19? * How’s the mortgage market right now?
Today’s buyers and sellers need a trusted local resource that can guide them through the complex world of real estate, who you work with matters. With my extensive local San Elijo Hills knowledge and commitment to providing an exceptional real estate experience to my clients, I’m your go-to source for San Elijo Hills and North County real estate insight, advice, and results. I am the publisher of San Elijo Life and enjoy connecting and building our fantastic community.
Please let me know how I can safely be of service if you are looking to buy or sell a home.
Covering North County San Diego from “The Hills to The Coast”
Safety-First Listing and Home Sale Strategy. Please reach out for a 15-20 minute Zoom meeting in which I will inform you of your home’s value and answer the three most-asked questions I’m getting today:
* How much is my home worth in this market?
* How do you sell homes safely during COVID19?
* How’s the mortgage market right now?
Today’s buyers and sellers need a trusted local resource that can guide them through the complex world of real estate, who you work with matters. With my extensive local San Elijo Hills knowledge and commitment to providing an exceptional real estate experience to my clients, I’m your go-to source for San Elijo Hills and North County real estate insight, advice, and results. I am the publisher of San Elijo Life and enjoy connecting and building our fantastic community.
Please let me know how I can safely be of service if you are looking to buy or sell a home.
Covering North County San Diego from “The Hills to The Coast”
