San Diego Real Estate Market Calendar Cycle
San Diego houses are always in demand, but some times are better than others to buy and sell houses in San Diego. No matter what the real estate market conditions, there is a seasonal component to keep in mind. Specifically, the fourth quarter of every year presents the best opportunities to match serious buyers with serious sellers of San Diego real estate.
This graph examines Carmel Valley houses listed and sold in the past three years. Carmel Valley is a popular neighborhood with great schools. Of all the San Diego neighborhoods, sales of homes in Carmel Valley are always in high demand. So as far as seasonality is concerned, Carmel Valley presents a conservative picture of similar phenomena in other Southern California neighborhoods.
The graph above shows homes sold in Carmel Valley over the past three years. Notice how there is a predictable pattern of fewer sales in the fourth quarter and first quarter of every year. Remember that the sales that close in any given month are contracts that are written 30 to 60 days prior. In other words, and offer that is presented in November will close in December or January. And an offer that is written in December will close in January or February. The graph clearly shows that fewer buyers write contracts in the fourth quarter of every year.
Now look at the number of homes listed for sale in Carmel Valley during the same timeframe:
Every year, the majority of sellers list their homes for sale in Carmel Valley during the first and second quarter. The fewest homes are listed for sale during the fourth quarter.
So as a Seller, when is the best time to sell a home in San Diego? It may be counter-intuitive, but the fact is that you’re better off selling in the Fall and Winter. Waiting until Spring means that your home will face stiff competition from similar homes listed for sale in the area. During the Fall, a house that is in good condition will immediately attract attention from serious buyers. With fewer homes on the market, your home will be more likely to stand out.
And if you are considering buying a home in San Diego, when is the best time to buy? The statistics show that fewer buyers are competing to buy homes during the fourth quarter. With less competition, it is easier to find homes and actually make a purchase. Buying a home in the Spring and Summer is loaded with frustration because everyone and their brother is looking to buy a house at that same time. Less competition means better opportunity to succeed with your goal of home ownership.
Copyright © By Geoffrey Schiering 2010*Best Time To Sell and Buy San Diego Houses*