Nathan M. Crowley

Excited to bring this new listing to the market! Welcome to Sprucewood. Nestled in prestigious Bankers Hill, this exclusive building consists of 8 private residences w/ no shared walls! The expansive and inviting living room welcomes you with beautiful white oak flooring, large south facing corner windows perfectly framing downtown views flooding the room w/natural light. Custom kitchen beautifully designed w/ Carrara Marble counters, premier appliances, custom tiling. Beauti...fully designed baths, walk-in closets, laundry room, all expansively on one level. Situated less than half a mile to Balboa Park and the famous San Diego Zoo, walk-able to downtown and Little Italy, explore Bankers Hill and the history it provides, including the Spruce St 1912 suspension bridge. 2 side by side, gated, parking spaces and garage storage! Priced at $1,245,000. https://vimeo.com/453355495?ref=em-share

Actual numbers for home (detached) sales here in San Diego; May 2020 is down 41.9% from May 2019. While the current environmental situation is influencing some of that, people are not 'pulling the trigger' because there are not many options for them to pull the trigger on! Sellers are not as apt to sell because there are no homes that they would want to move up and purchase. A double-edged sword.

Check out this 2 bedroom condo for rent in an awesome area across from Balboa Park. If you’re interested, message me! https://www.zillow.com//1940-3rd-Ave-UNIT-2/17066367_zpid/

Clean property ready for a new tenant, message me if interested. https://www.zillow.com//3329-41st-St-San-Diego,-CA,-92105/

My second point pertains to how COVID-19 is affecting Real Estate sales. Is it a good time to buy? Is it a good time to sell? Completely depends; If you are in a stable career such as the medical field, government employee, military, insurance, any career that is a deemed essential or is large enough not to be dramatically affected in a few months of uncertainty, AND you have some reserve for emergencies, I feel this is a great opportunity to buy. Interest rates are histor...ically low and we will see prices start to flatten a bit. As for selling in this market; inventory levels are still extremely low, which means less options for buyers. I am still getting activity on listings, people are still house shopping. Each situation is unique in this fluid environment so please contact me directly with questions or if you need advice specific to your situation. See more

Touching base with you all. I have been talking with clients, friends, and family the past week and its a scary, stressful, confusing time right now for everyone. This is solely my opinion and what I call 'real talk'. I am in no way trying to scare you, I just want to help with some advice. Pertaining to the Real Estate world, (here in San Diego), it varies across the board. First off, the vacation rental and Airbnb market is squashed; and in my opinion will continue to be... flat through summer and at best bounce back in September. I have Airbnb's and I had to adapt and did so IMMEDIATELY. My advice to people with vacation rentals is to think about getting a short term tenant to occupy to help offset your mortgage. I was able to get a 6 month lease signed from a solid tenant (I had an overwhelming amount of inquiries, which surprised me). If you feel you want to float your mortgage (and can afford it), please be prepared to do so for at least 4 months until we have a clearer direction as to where the economy ends up. I am already seeing properties that were Airbnb's end up for sale in the past couple weeks. I do feel we will start to see more inventory hit the market, due to failing vacation rentals. This will happen over the next few months, which will be a positive for anyone looking to buy. Again, just my thoughts and opinions, but I felt I wanted to share where my heads at with all of this. Don't hesitate to directly reach out to me. I will chat about what I feel the real estate sales market will do here in SD in my next post. See more

A bit of a "long winded " video BUT some good information in here regarding multi-units, rental markets, airBnB, and rehabbing here in San Diego. Have a watch if you want to learn how I purchased my first property and get some free advice! Thanks for having me Matt Glynn with OneTrust Home Loans!