San Diego Seller’s New Year’s Resolution

Is your New Year’s Resolution to sell your home and to finally live the way you really want to? I can help make sure you accomplish your goal!

Hi, I’m Cristobal Jimenez with Coldwell Banker.

Every January, the same thing happens; millions of people decide to pursue a goal – like losing weight – but statistically, they give up by the 3rd week of January.

Maybe your goal is about selling your home – do you want to upgrade to a bigger place, or do you need to downsize? Maybe you want to move into a specific neighborhood, or get that backyard pool you’ve been dreaming of!

Don’t let your resolution fall by the wayside this year – you deserve to love where you live! Even if you’re feeling overwhelmed by the idea of selling, or you just don’t know where to start, you can still achieve your goal!

I can step in and guide you through the process easily, and using my unique digital marketing strategies,  I can help you sell your home quickly and for more money. Then, I can even help you find your next home!

For a free home valuation and to answer any questions you may have, give me a call today! Don’t procrastinate on your resolutions – this is YOUR year!

I’m Cristobal Jimenez with Coldwell Banker, let’s Buy and Sell Strategically.

San Diego Local Real Estate Year-End Market Update

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Hey everyone I’m sure if you’re like most people you’re wondering about the Real Estate Market in 2019 right here in San Diego County.  Even more importantly how the market conditions may affect you. 

I thought it would be great to recap what happened and make comparisons to the previous year, 2018.

Let’s start with University City.  We had 124 homes that were sold in 2019 and 143 in 2018. The average days on market in was 21 down by just one day from 2018 (20 days).  Average selling price was $963,000 which is up by  $28,000 from 2018 as the average selling price was $935,000.

University City — Photo from: Wikipedia

Let’s look at Clairemont.  In 2019 there were 398 homes that sold in Clairemont and 409 sold in 2018, this is 3% decrease in the number of homes selling in Clairemont.  The average days on market was 16 which was down by 6 days from 2018.  The average selling price was $764,000 in 2019 and $734,000 in 2018 so we saw an average sales price increase of  $30,000 from 2018 which is roughly a 4% increase.

Lastly let’s take a look at homes selling in La Jolla.  In 2019 there were 284 homes that sold in La Jolla  which a 18% decrease from 2018 where  349 homes were sold.  Average days on market was 43 which is a decrease of 18 days in comparison to 2018, and the average selling price was $2,468,000 in 2019 and $2,690,000 in 2018 which is a decrease of $222,000. 

La Jolla — Photo from: Redfin.com

Let’s do a quick recap. University City’s home prices increased from 2018 to 2019 by only 3% percent.

We had an increase of 4% in Clairemont and decrease in home prices in La Jolla of 9%.  Here’s what we need to look at,  and what is interesting.  The inventory is significantly lower in all cities.  Typically when we see the number of homes selling decreasing, that means that this could be a sign that the housing market here in our local University City, Clairemont and La Jolla is slowing down.

Read: Why Should You Sell Your Home In The Winter

This does not mean we need to panic.  We had many years where home prices were going up at staggering prices, quite frankly at alarming increases.  It means that we need to understand that the market climate is changing.

Adjustments may need to be made, expectations may need to be more realistic, and lastly if you are selling want to consider doing more to your home to get in ready to sell so that you’ll attract more buyers. It also means that it’s now more important than ever to hire a Realtor who knows how to properly market your home and expose it to as many potential buyers as possible.

And as you know, I’m here to do that better than anyone else. I’m here to take care of all of your home selling and buying needs.  Please reach out to me for anything community or real estate related. 

I’m Cristobal Jimenez. Revolutionizing Real Estate!

Real Estate Questions? #CallCristobal now!

Why Should You Sell Your Home in the Winter?

Spring is usually the most popular time of year to sell a house, with hordes of buyers looking to move into a new home before the school year begins.

You may  think spring is the best time to put their homes on the market because there are usually more buyers out at that time of year. What they don’t often consider is that every other homeowner is thinking the same thing, which means they’ll have the most competition. During the winter there is low inventory which means less competition for you.

Hi, I’m Cristobal Jimenez with Coldwell Banker. The #1 reason to list your home in the winter is there’s less competition. Inventory usually is at its lowest point in the winter, so the options buyers have are limited.

The ‘sweet spot’ for listing your house to get the most exposure happens at the start of the New Year. When spring rolls around, temperatures aren’t the only thing that rises. So do the number of listings. Don’t wait for all of the competition to show up before you decide to put your home on the market.

Not everyone looking at houses intends to make a purchase, have you noticed that? Some people are contemplating moving and may just want to see what’s on the market. Since more homes tend to go on the market in spring and fall, this is also when window shoppers are likely to be out looking.

You also have the opportunity to see the place at it’s best time, every once in a while we get rain in San Diego and it happens to are during the winter, you want to know that there won’t be leaks in the roof, the gutters do their job and if you have a back yard that the water drains properly.

There is an added bonus to selling during the winter: the buyers who are out looking in the cold and snow tend to be very engaged and serious. You will be much less likely to be inconvenienced by those casually looking or just wanting to get decorating ideas for their own home. You might be surprised how often that happens during more active markets.

In the winter, the “lookers” are staying warm at home, online!One of the biggest months for corporate relocation is January/February, so those buyers, who need to move quickly, are out in full force looking for new homes.

If you’ve been thinking about whether or not to sell your home or are curious about the market conditions in your area, contact me today. I’m Cristobal Jimenez with Coldwell Banker, let’s Buy and Sell Strategically.

Questions? #CallCristobal now!

January 2020 – National Market Update

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Buyer’s purchasing power is increasing across the nation. That’s great for buyers because it means it’s easier to purchase a home and it’s also great for sellers because it means buyers can qualify for more money. Hi I’m Cristobal Jimenez, with Coldwell Banker. Helping buyers and sellers right here in San Diego County buy and sell their perfect home.

Recently,  First American did a report showing that home prices are up by +5.7 percent which would have a negative effect on buyers purchasing power, roughly $21,300, however, Mortgage rates are down .85% which actually means a buyer purchasing power would go up by $40,200. Also, wages are up by 1.5%.  So if you take all of these numbers into consideration that means that a buyer’s purchasing power is  actually up by $24,500.  

This is great news, but some people are still feeling a little nervous about buying or selling because of all of the talk of the recession.  While we know that a recession is coming, check out the study from Porch.com which shows that Americans choose Real Estate as the safest investment even over a savings account, gold or stocks and bonds.  And don’t forget rental prices continue to go up and owning a home has substantial tax benefits,  so reach out to me and I’ll help you buy your dream home or sell and get you a new one.

Let’s Buy and Sell Strategically! #CallCristobal now!

What Goes Where?

YouTube Channel: Cristobal Jimenez Priego REALTOR

For most of us, one of the easiest ways to help the environment is to Recycle. Over the years, the list of materials that can be recycled in the BLUE bin has increased, where many of us think if it fits in the container, someone will figure it out. This is called “Wishful Recycling.”

Wishful Recycling contaminates paper and cardboard materials that could have been recycled had they not been contaminated. Wishful Recycling items are items like diapers, batteries, garden hoses, liquids, food, toasters, plastic bags or packaging film, clothing or textiles, electronics, or appliances.

China is one of the biggest markets for recycled materials, and it has imposed strict limits on contamination going from 2% to 0.5%. All the content classified as “Contaminated” is disposed of in the landfill.

What goes into the BLUE bin: All jars, glass and plastic bottles, aluminum cans and metal cans, wrapping paper, clean plastic food containers and cups, mail, magazines, newspaper and phone books, cartons, empty aerosol cans, clean aluminum foil and trays, styrofoam packaging and clean food and drink containers**

if the provider is not the city of San Diego, check if your hauler accepts Styrofoam for Recycling, paper or frozen food boxes, flattened cardboard, paper bags, shredded paper, plastic buckets, tubs, pots, trays, and toys. Batteries, tablets, cameras, cell phones, laptops, they all have one thing in common. They use lithium-ion batteries. They have been the cause of significant fires on the trash and recycling trucks; even when they are considered no longer useful, they can still hold enough energy to create a spark if the terminal scrapes against metal. Batteries should not be placed in Blue containers.

Recycling is everyone’s responsibility; approximately 35,000 tons of recyclable material that should go in the blue bin is placed in the black trash bin and disposed of in the landfill.If you need extra BLUE bin space and the City of San Diego is your trash hauler, they are FREE as long as you pick them up.

Questions? #CallCristobal now!