If you live in a condo in San Diego but dream of having your own house with a yard, you might be wondering if now is a good time to move. I want to share a secret with you: right now might be the smartest time for you to make that change.
I call this the “Trade-Up” Strategy. It means selling your smaller home (like a condo) to buy a bigger home (like a detached house).
What is happening with condos right now? Right now in San Diego, the condo market is “flat.” This means things are moving slowly. Here is what I am seeing:
1. There are 5.6% more condos for sale than before
2. Condos are staying on the market longer, usually about 40 days
3. Prices for condos have gone down a little bit (about 1.5%)
Why should you act now? You might think, “I should wait for condo prices to go back up.” But there is a problem with waiting. While condo prices are staying low, the prices for houses are starting to grow.
If you wait too long, the gap between the price of your condo and the price of a house will get too big. If you act now, you can sell your condo and buy a house before the houses become too expensive or there are none left to buy.
Moving from a condo to a house can be difficult, and you need a good plan. I am Shirin Rezania Ramos, a real estate broker, and I know exactly how to handle these market changes. I can help you find the perfect buyer for your condo and help you find the dream home you have been looking for. Give me a call today at 858-345-0685 and let’s strategize your next move.
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
