San Diego has grown by roughly 15,000 people each year from 2007 until 2016. The exact number for 2016 was 15,715, according to the US Census Bureau.
But get this….It only averaged 3,000 new houses being built each of those years!
Two More Key Facts Adding to the Crisis:
1. Inventory for active homes for sale in San Diego is the lowest that it’s been since 2004
2. The median sales price for homes just surpassed its all time high of $595,000 in 2007 to $610,000, as of Dec. 2017
Anyone who owns a property has surely got a letter from an investor or real estate agent saying that they have a buyer for your property, maybe even an offer to purchase your property.
So it is clear that there is a shortage of property for sale, and we have prices that are at all time highs. Thankfully the rates are still low enough for most buyers to get into a place to own, but when those rates go up high enough, you will see a change in the market!
Here are some solutions and opportunities to help Solve SD’s Housing Crisis (There will be about 5 neighborhoods-listed below, that will benefit from this, they are the best places to buy as our City Expands):
1. Increase Density Limits around transit areas (47,000 to 146,000)
2. Redevelop Underutilized Parcels of Land (56,000 to 73,000)
3. Adapt Industrial Zones and City Sites (11,000 to 20,000)
4. Infill Vacant Lots (5,000 to 6,000 units)
5. Encourage more granny flat/Accessory Dwelling Units (2,700 to 5,500 units).
If and when the above is implemented, then about 40% of the potential housing is in the neighborhoods of Mira Mesa, Mission Valley, City Heights, Uptown, and North Park.
‘He has been there anytime I needed him and I know if I need him again he would be there too. Brad gave 100% from the first time he called me till the sale was done.’
‘We really felt like Brad was on our side throughout the transaction and knew how to navigate the process calmly and effectively’
-Curt and Kim C
‘If you are skeptical on a realtor look no further. You will get what you want and when you want it with Brad. His knowledge on this market is second to none. The most unusual thing about this transaction is his exceptional follow up thru out the entire process, and even after we’ve moved in and got settled. He is one of a kind in this market and this profession’
-Scott & Allison T.
‘Thanks to Brad Brinkman and his team we now have a beautiful new home and a great investment into our future.’
-Ryan & Amanda F.
‘He found my house for me when others could not, in a location that I thought would be impossible. His aggressiveness has given me the opportunity to live in a fantastic place.’
-Trace H., Pilot Hawaiian Airlines., U.S. Navy Pilot
‘You made it easy for us to make this move into our new home because you took on all the worries, handling our transaction with skill and expertise. Specifically we were impressed with your approach to business, treating each and every customer as you treated us; as though we were your most important clients’
‘He made each transaction very smooth and it was great peace of mind knowing I could count on him.’