FAMILY LIFE
We had a busy weekend with our daughter Simone’s Homecoming at school and hosting a house full of teenage girls. It was a fun couple of days, but honestly, Monday felt relaxing by comparison.
MARKET PERSPECTIVE
As agents, the most common question we get is, “How’s the market?” Most people expect a simple “good” or “bad” answer, but we try to look at things from multiple angles and with context. Lately, there’s been a lot of uncertainty and mixed signals about where the market is heading. In more than 20 years in real estate, we can honestly say this is the least predictable market we’ve seen.
That said, we always tell our clients: “Play the hand you have now.” What we mean is that your personal situation, goals, and priorities should guide your decisions — not trying to time the market. Most people buy or sell because of life changes, not because of where the market is that month. Working with clients in a more holistic, personalized way is what makes our relationships successful.
MIXED SIGNALS
Here’s a perfect example: 3446 Buena Vista sold in April 2024 for $3,900,000 and was just listed again for $3,750,000. We’ve seen several homes sell for slightly less than they did 18–36 months ago — not by much, but still lower.
On the flip side, two record-breaking sales just closed in San Diego:
- 6026 Camino de la Costa sold on September 12th for $47 million
- 2920 Camino Del Mar sold just yesterday for $50 million
Coastal markets remain relatively stable, but areas with higher condo density — like Downtown and Mission Valley — are flooded with listings.
WHAT REALLY MATTERS
In the end, what matters most is what makes sense for you. If you’re 70 years old, have the means, and have always dreamed of a beach house — are you really going to wait? If you’re still in your starter condo with three kids, it’s probably time to make a move. If you’ve relocated out of state or inherited a property, that’s your timing — not the market’s.
The market is weird. Interest rates, the economy, inventory, tariffs, politics, taxes... everything is shifting. But the key is to make informed decisions that align with your goals, supported by sound advice and a full understanding of your options.
PICKS OF THE WEEK
This week, we’ve highlighted some great coastal properties, mostly in the $3–$4 million range — which feels like the current sweet spot for quality homes.
We also featured the townhome at 6489 Caminito Catalan in Windemere — a newly renovated property with strong potential. It last sold as a fixer just over a year ago for $1,585,000 and is now listed at $1,895,000 — about a $300,000 difference. Considering the costs of materials, labor, time, and roughly $35,000 in taxes, HOA fees, and commissions, it’s hard to imagine the seller is turning much of a profit.
Another standout opportunity this week is 1959 Felspar #3 in Pacific Beach, listed with our team (Jen Anderson). This renovated, larger townhome just saw a $125,000 price reduction — a clear signal the sellers are motivated, as they already have their eye on another home. It’s a great-sized, 1,400 sq. ft. unit with 2 bedrooms + office/bonus room, 2.5 baths, and a 2-car garage plus an additional parking space. Fully updated and move-in ready, with low HOA dues of just $250, this property represents excellent value for a buyer ready to act.
