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San Diego Housing Market Update – January 2023

San Diego Housing Market Update – January 2023

Happy New Year! I hope you had a fantastic holiday season. No matter where or how you celebrated, it’s truly the most wonderful time of the year. The best way to say goodbye to what was, and welcome in a new year full of potential and possibility.

January is one of those months that most home buyers and sellers overlook, preferring to wait until spring and the unofficial start of the home buying season. However, January is the month when most deals get done. Serious buyers who are eager to get a jump on the competition hit the ground running after New Year’s Day and sellers who list early reap the benefits of renewed buyer activity.

Both January and February 2023 will be key months for San Diego buyers and sellers who want to make a strategic move this year. Don’t let higher interest rates scare you into sitting on the sidelines! If you’re looking to purchase, I have strategies to help you save THOUSANDS over the next three years. After the market shifted in late 2022, I successfully structured offers on behalf of my buyers where we requested the seller to help buy down their interest rate by 3%. Not only did the sellers accept our terms, my buyers are now living happily in their new homes and enjoying the benefits of the 3-2-1 buydown method – a loan option that is available to you right now. Experts suggest that buyers should also plan to refinance in Q4 of 2023 and then again in two years, further adding to your cost savings!

Want to sell your home this year? To really seize the opportunity of 2023, plan to list your home sooner rather than later. Home prices are up 11.4% from last December and an astounding 42% from the start of 2020, remaining near record highs! I predict rising inventory and rising rates will prompt more buyers to return to the market this year, after getting discouraged by stiff competition in 2020 and 2021. Putting your home on the market during the first quarter or first half of the year will ensure you get the most money possible for your property, giving you more equity and more options.

Make 2023 a year of abundance and success. Whether buying or selling, this is the year to make bold moves that will pay off in spades. I would love to share my strategies to help you profit from today’s unique mix of market conditions. Please call or visit to request a personalized consultation to discuss your situation.

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