Patrick O'Connor with MRKT Real Estate

How is the MRKT?! June 2021 Here's our snapshot of important market indicators A balanced market has about 4-6 months inventory. We are at .8 months currently. This means that if no new homes were listed today, and the current rate of buying continued at the same pace; we would have no homes left after 24 days!... Median sales price +28% above May of last year! Average days on market is only 20 days, and closed sales are receiving 104.3% of list price on average. **May figures are represented here (stats trail about a month behind). All stats pulled from SDAR See more

Picking out slabs and accents w/ @carlyrubin.oconnor @ Miramar

Or an ultra modern AirBnB in Joshua Tree

San Diegans have voted and the city will begin enforcing the new short term rental ordinance July 1, 2022. Mostly affecting whole-home rentals, like #airbnb and #vrbo Licenses can only be obtained through a lottery. Only 1% of the cities housing stock will be allowed licenses, this equates to approximately 5,400 licenses. Currently it’s estimated that about 14,700 are operating.... Leave your thoughts & questions below in the comments See more

The other 8% haven’t logged into the MLS since 2012.

Views from my run this morning

Here's our detached homes snapshot of important market indicators. A balanced market has about 4-6 months inventory. We are at .9 months currently. This means that if no new homes were listed today, and the current rate of buying continued at the same pace; we would have no homes left after .9 months! Median sales price +15.3% above December of last year! Average days on market is only 19 days, and closed sales are receiving 100.3% of list price on average. **December figures are represented here (stats trail about a month behind).

What’s today’s biggest housing market challenge? There just aren’t enough homes for sale and buyers are scooping them up faster than they’re coming to market. Natn'l Association of Realtors started tracking this metric in 1982, and active homes for sale has never been this low. In the San Diego real estate market, detached homes are selling at an average of 100.3% of list price in 19 days or less!... If you’re thinking of making a move this year, DM me and we’ll walk through all the wins for sellers that may tip in your favor while inventory is historically low

This amazing 3-unit investment property will hit the market today! With a 2 bed, 1 bath detached home in the front and a cute, private fenced yard; This could be perfect for an owner-occupant, while the 2-unit duplex in the back will offset your living expenses. It’s a turnkey property with strong markets rents, in a central location close to everything! Fully occupied and ready to go! Historically low interest rates + growing rents = invest now