San Diego saw a large jump in median home prices earlier this year. Housing prices are still very high and the erratic nature of the housing market doesn’t allow real estate agents to accurately predict what supply and demand in the housing market will be even a month from now.
Because of the covid-19 pandemic, a new work revolution has started. Many employers are allowing their workers to either semi-permanently or permanently work from home. This revolution is allowing workers from high-priced areas, such as the Bay Area and Silicon Valley to find less expensive housing far from their place of work.
For people in the San Diego area, this means that a large number of people from Northern California are trying to move out of areas with high costs of living to areas that allow them more financial flexibility.
The current boom in the housing market is fueled, in part, by the delta variant of Covid-19. Many employees thought they would soon be returning to work in the office, but new variants of the disease are making working from home more necessary as time goes on.
Because the market is afflicted so much by current circumstances, it is difficult to know when to buy and sell. New developments in vaccine effectiveness or herd immunity could cause those wishing to purchase homes to reconsider relocating. As it is, selling your San Diego home at anywhere near market price right now will likely result in a high profit.
Those wishing to sell at the peak of the market may be setting themselves up for a long-term financial loss. Purchasing a home, especially if the buyer is being lent the money, takes a long time. Selling your house above market value after prices start to fall will likely be much more difficult than selling it above market value as prices continue to rise. Additionally, you run the risk of losing deals and being lowballed as the demand for homes drop.
You can cash in on the market relatively quickly by selling your home to a cash buyer. Companies such as Joe Homebuyer San Diego can help homeowners cash out on this lucrative market. In most cases, you can go from initial consultation to closing in as little as a week! This allows you to cash in on the most current market prices without needing to worry about appraisals, inspections, reconstruction, remodeling, or listing your home.
Joe Homebuyer San Diego is a real estate company that helps you Sell your home fast in San Diego, California.