“Hi Gary. My friend put his condo on the market and got three offers within a week. And I know of another house that got several offers. I’m looking to buy a home and want to know if the market has picked up.”
***ANSWER:
It’s hard to distinguish between a temporary blip versus the beginning of a major up cycle.
But…
I’ll tell you I’ve seen a H-U-G-E increase in activity in January. My team and I normally help clients buy and sell 10-15 homes per month. But as I mentioned in the intro, we sold 37 in January…the busiest month I’ve had in my 24 years in real estate.
No one knows for sure, but with such low prices and low interest rates, my guess is 2008 may well be THE year to buy in San Diego.
We’ll see…
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