5 San Diego Real Estate Trends I Am Seeing in 2022

In this video I want to break down the 5 San Diego real estate trends I am seeing on the ground. (Scott's Note: These are even more *real* as I type this in 2021 and shows the trends I am seeing are dead on.) 

If you missed it - you can see my San Diego mortgage trends here

I want to be very clear - I call things as I see them from over 20 years doing real estate, loans, and investing, not only in San Diego, but overseas as well. You might agree, disagree, or have different takes. Everyone has a different standpoint depending on different life factors.  

If you are finding value from this video, I would really appreciate if you could smash that like button, subscribe to get more hard hitting videos just like this, and tap that notification bell so you know when a new video comes out.

Find out what the latest and greatest San Diego home loans are right now. Detailed video and post reveals all. See it Now ›

Here are the 5 Trends I see now:

Trend #1

Market uncertainty with World events such as: it being an election year and it might be 4 more years with Donald Trump or someone new, largest unemployment rates in US/California/San Diego history, Covid 19 leading to major shutdowns, schools closings, etc. Mix that in with riots and protests and it's been interesting. 

Trend #2

Lowest San Diego real estate inventory ever recorded. Back in its peak of 2007 or 2008 we had around 30,000 homes for sale in San Diego - as I film this - we have around 4,000 homes/townhomes/condos/multi family units. Here's a link for latest indicators showing inventory was down 45% from the year prior. This housing supply overview shows that homes priced between $1.25 million and $2 million has strongest pending sales, and homes between 4000 to 6000 square feet had the strongest pending sales. And, here's the latest lender owned report showing the bank owns at the lowest levels in 8 years.  

Trend #3

Due to Covid 19, lock downs, record unemployment (see trend #1), banks are allowing home owners to *not* make mortgage payments and instead tack those missed payments onto the end of the loan. This is causing fewer home owners to sell, stay put, and leads to fewer homes for sale. This is something that to my knowledge has never happened before.  

Get Pre-Approved in 60 Seconds... (No Social Security Number Needed)

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by auto-dialer, pre-recorded voicemail, and email, from this site's operators about real estate related matters, but not as a condition of purchase. You also agree to our Terms of Service, and to our Privacy Policy regarding the information relating to you. Message and data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trend #4

Record low mortgage rates. You can see from this chart that rates today are some of the lowest on record. A lower rate, means people can afford more. Keep in mind - if we look at just a principal and interest payment. If you have a $300,000 house at 6% - that's the same principal and interest as a $600,000 house at 3% = $1800 a month. It's interesting to see how numbers can be easily adjusted by interest rates going up or down. 

Trend #5

Its summer now, traditionally the lowest inventory and most sales of the year, and we have something new in that kids are *not* going back to school for fall semester, at a minimum. It will be interesting to see if that means its "buying season" longer than the May 1 to August 1 time frame or not. 

Bonus: Trend #6

Elections. No doubt fewer people will be selling this year around October to December than ever before. Mix in the lock downs, and low rates, I expect inventory to only stay incredibly low. 

What do you think?

☎ I would love to help assist you with your home purchase, home sale, or home loan - please feel free to give me a call, text, or use the form below. 

Your San Diego Market Insider, 

Scott

Get Scott's Personal Help Below...


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Where Do You Want To Go Next?

By clicking “Send” I/We agree by electronic signature as stated below: 1) To be contacted by telephone even if the telephone number appears on a State/National Do Not Call registry or any company’s Do Not Contact lists. 2) To this website’s Privacy Policy and Terms of Use.

See San Diego's Newest Listings Below...

1631 Properties
Page 1 of 136
$425,000
Subdivision: East Village
1
Beds
1
Baths
735
Sq.Ft.
2005
Year Built
1
Day on Site
220001471
MLS
This beautiful one bedroom one bathroom condo located in East Village of Downtown San Diego. Large and open floor plan. Gated community, convenient location. Close to restaurant, near Petco Stadium....
Coming Soon on 01/24
3050 Rue D Orleans #368 San Diego, CA 92110
$399,000
Subdivision: Point Loma
1
Beds
1
Baths
547
Sq.Ft.
1969
Year Built
1
Day on Site
220001472
MLS
Single Level Condo in Resort Style Gated Community. Amenities include Two Tennis Courts, Pool, Spa, Gym, Sand Volleyball, Sauna, Clubhouse, BBQ's, Billiard and Game Room. This unique Complex is one...
3
Beds
2
Baths
1,520
Sq.Ft.
1986
Year Built
1
Day on Site
305029866
MLS
****** Buyer failed to obtain the loan. So now it?s BACK ON THE MARKET***Seller is in escrow with his new purchase and he needs this house sold.**** Beautiful Single Story Lake Front home on a good...
$675,000
Subdivision: Gaslamp Quarter
2
Beds
2
Baths
1,002
Sq.Ft.
2005
Year Built
1
Day on Site
220001474
MLS
Superb location in The Gaslamp District and one block from Petco Park. This unit is in the Trellis building and has great city views. The property features newer flooring and paint and is in mint...
4
Beds
2
Baths
2,626
Sq.Ft.
1975
Year Built
1
Day on Site
305040532
MLS
This must see secluded treasure nestled in the historic Warner Springs will amaze you with its astonishing view of the mountains. This retreat like home features 4 bedrooms, 2 baths, 2 family rooms...
1
Beds
1F11/2
Baths
590
Sq.Ft.
1924
Year Built
1
Day on Site
305040563
MLS
Amazingly effective use of space and style converge in this well-appointed, Tudor-style cottage. High-pitched gable roof with arched front door accentuates the classic style of this lovely property....
$2,650,000
Subdivision: Pt Loma
5
Beds
4
Baths
1951
Year Built
1
Day on Site
220001473
MLS
Located ideally on a corner lot. "Unlimited potential" is an extremely overused term. In this case, this property is in fact extraordinarily limitless in it's infinite possibilities. First ever on...
$539,900
Subdivision: Columbia / Downtown
1
Beds
1F11/2
Baths
1,041
Sq.Ft.
2007
Year Built
1
Day on Site
220001476
MLS
PRIVATE ROOFTOP DECK! Al fresco evenings and tranquil views are yours for the taking in this spectacular 5th floor townhome in Electra! Sharing only one common wall, you will enjoy an exceptional...
$679,000
Subdivision: Sunny Hill
3
Beds
1
Baths
1,173
Sq.Ft.
1941
Year Built
1
Day on Site
220001477
MLS
Adorable and fully remodeled Spanish style home in National City. Updates/improvements to the home include new windows, paint, updated electrical & plumbing, new exterior stucco and roof, modernized...
$718,800
Subdivision: O D Arnolds Westwood Hills Unit 1
3
Beds
2
Baths
1,424
Sq.Ft.
1949
Year Built
1
Day on Site
220001478
MLS
There's no place like home! You ll love coming home to your own private oasis! Features include an expanded floorplan, impressive master suite w/walk-in closet, welcoming open-plan kitchen & dining...
4
Beds
3
Baths
3,124
Sq.Ft.
2005
Year Built
1
Day on Site
305040623
MLS
New Price! Custom home with panoramic, incredible views. Front entrance level - the main home operates as a single level 3 beds, 2 baths, large open floorplan. Downstairs flex space can be 4th...
$380,000
Subdivision: San Diego/Imperial Beach
2
Beds
2
Baths
885
Sq.Ft.
1987
Year Built
1
Day on Site
210019014
MLS
LOCATION, LOCATION, LOCATION! AMAZING OPPORTUNITY AT PLAYA BLANCA-LOWER LEVEL UNIT, 2BED/2BATH, GREAT AS AN INVESTMENT OR TO LIVE IN. POOL, JACCUZZI, EXERCISE ROOM, BBQ AREA, 2 PARKING, PLAYGROUND.......

Post a Comment