Our client appreciation event last week was an evening to remember, and it was so wonderful to see each and every one of you there!

There’s no greater honor than helping our clients and their beautiful families find their place to call home, but my favorite part is that we get to stay in touch and celebrate together over the years. 

New May Listings Hot off the Press!

Click here to view our May Newsletter!

New April Listings Hot off the Press!

Click here to view our April Newsletter!

Happy March! I hope your transition to life in 2022 has been smooth so far.

I want to keep you updated on some of the projections for change in real estate this year — some of which may impact your decisions when considering whether to buy, sell, house, or refinance. The following are national trends. Below that are local metrics I’ve put together so you can gauge the climate of our local market.

National Trends: 

·      Prices are expected to remain high in 2022. Fannie Mae expects prices to increase 7.6%. If your clients need to sell, they’ll likely have a strong upper hand.

·      Home inventory is at an all-time low, and rents continue to rise. Fortune recently reported that “the housing shortage has forced many potential buyers to move into rental properties as they look for their next home [...] That option, however, is becoming increasingly expensive.”

·      Mortgage rates are increasing — rates have already risen to 3.55% this year from 2.65% a year ago. That means two things: 1) The refinancing boom is fizzling quickly, and 2) The hike in interest rates further erodes affordability (a 1% change in interest rate has the same impact as a 10% change in mortgage payment).

Local Trend in Prices: 

Currently, our market is seeing an upward trend.

Pricing Note: House values can fluctuate through the seasons. Spring is a different market than the fall; mid-summer looks much different from the end of the year. So in order to get an accurate reading as to whether or not prices have fallen or risen, we use the “year over year” barometer.

Local Days on Market:

Days on Market (“DOM”) Note: This metric will tell us how long it takes for homes to sell. This number is largely driven by supply and demand. An uptick in interest rates can cause DOM to increase; a drop in unemployment can cause DOM to decrease. All sorts of economic factors can affect this number, and ultimately, DOM affects pricing. When there are low days on market, prices go up; when DOM increases, prices go down.

Market conditions are constantly fluctuating. If you would like a market analysis for your own knowledge or for a specific case, I’m happy to provide you with current figures anytime on a complimentary basis. Feel free to give me a call directly at 805-441-7744 or email me at soldbylindseyharn@gmail.com.

New March Listings Hot off the Press!

Click here to view our March Newsletter!

Check out this awesome video with Karey Brown and Lindsey Harn as they Talk Real Estate 101!

What do you get for the money in Kansas vs San Luis Obispo County, CA?

New February Listings Hot off the Press!

Click here to view our February Newsletter!

Rare opportunity alert! This is your chance to design and build the custom home of your dreams in the highly sought-after and exclusive San Luis Bay Estates gated community. What is incredibly valuable is that there will never be a house built to the side nor the rear of the home, making it extremely unique and private. The views are utterly jaw-dropping, with acres of open space all around and unobstructed views of the gorgeous Avila Beach, the golf course, the town, mountains, trees, and the pier. This is a gem of a find as it is one of the last lots of its kind- with 11, 857 sq ft of flat, buildable land, the sky is the limit. Located within a private, 24-hour security gated community for the ultimate peace of mind. The Heron Crest location is simply unbeatable and is a massive blank slate waiting for you to come and build your estate where the opportunities are endless. Time to turn your dream home into a reality!

Listing Agent: Lindsey Harn

REALTOR® | License #01868098

Richardson Properties DRE #0146550

New January Listings Hot off the Press!

Click here to view our January Newsletter!