For those considering a property investment in San Diego, fluctuations in home prices can be a significant concern. Dive into the latest trends with insights from Gina Mancuso Luxury Real Estate.

In 2022, San Diego's home prices observed a noticeable surge, as shown by the depicted green bars. This swift increase, although impactful, proved unsustainable.

By the latter part of the year, a correction in prices became evident (represented by the red bars). However, the media's emphasis on this transient dip caused undue concern among potential buyers and sellers.

Yet, 2023 promises renewed vigor. San Diego's housing prices, under the expertise of Gina Mancuso Luxury Real Estate, reflect a positive trajectory, albeit at a more consistent pace.

“The San Diego housing market has shown remarkable resilience over the past year... 2023 marks a bustling rebound for San Diego's real estate landscape.” - Orphe Divounguy, Senior Economist at Zillow

It's customary for home price appreciation to slow down seasonally. Still, it's essential to distinguish between a deceleration in growth and an actual decline. In the context of San Diego's real estate, growth, even if slow, remains growth.

What's Driving San Diego's Price Surge?

A primary factor is the mismatch between the supply of homes and rising demand in San Diego. With mortgage rates on the rise, both the buying fervor and supply have been impacted, leading to a price surge that Gina Mancuso Luxury Real Estate, northcountyproperties.com continues to monitor closely.

How Does This Affect You?

Buyers: If San Diego's real estate has been on your radar, the upward trend observed by Gina Mancuso Luxury Real Estate should instill confidence. San Diego's real estate remains a robust investment avenue.

Sellers: If market fluctuations had you reconsidering your selling decisions, now might be the right time. Partner with Gina Mancuso Luxury Real Estate, list your property, and harness the positive price trends.