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Frank Rashid
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Selling? Buying? Property Mgmt? Experience you can trust...Knowledge you can count on...Serving San Diego with integrity since 2001! Frank Rashid (rashid@rashidrealty.com)
Selling? Buying? Property Mgmt? Experience you can trust...Knowledge you can count on...Serving San Diego with integrity since 2001! Frank Rashid (rashid@rashidrealty.com)

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San Diego Real Estate Report Jan 2018: Hope the new year is off to a great start! Property sale prices in Jan were down 28.7% from last month (and at their lowest level compared to Jan 2016 and 2017); the number of new listings on the market went up 12.5% from last month - which is also a relatively slow start; price per square foot is at a steeper climb relative to its usual growth slope which for this time of Jan is expected as new inventory hits the market and establishes newer highs compared to Nov/Dec price points; The number of new listings in January went up 100% last month from 114 to 228 but still relatively low when compared to previous years. Rental occupancy as of Jan 5th was at 99.3% on all our rental properties and rents are expected to climb steadily as purchase inventory dwindles. My recommendation is to look at rental properties with a longer term view (7-10 years) and curb the impulse to liquidate based upon short term gains. Click here for the full report: http://www.rashidrealty.com/pages/Market_Action_Report.pdf
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San Diego Real Estate Report Dec 2017: It was a typical, slow December with little to report!  Sale prices were down by 3.8%; the number of new listings on the market was down by almost 40%; as has been the case historically, the holiday season tends to trigger this sort of lethargy.  We are expecting activity levels to pick up by mid-January.  Trendwise, we are starting to see more renovated listings that are better presented to the consumer.  We are still able to negotiate with home sellers for either the list price or for needed repairs.

Happy New Year Everyone!  As the year begins, we want to take a moment and thank you for your patronage, trust and friendship. You truly are the reason we come to work every day. We look forward to serving you this year.?

Click here for the full report: http://www.rashidrealty.com/pages/Market_Action_Report.pdf
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San Diego Real Estate Report Nov 2017: October property sales dropped another 21.3%. Median sales price went up by 14.4% which is quite high for this time of the year despite reduced inventory levels. The number of new listings on the market stays consistent; thank goodness for this, as there is already low enough inventory. Sales price per sq ft also stayed consistent with last month just up by 1.6%. Market times remain very low with our local average being about 16 days and correctly priced listings selling at asking price and appraising at that.

You can refer me confidently! Frank Rashid and Team provide award-winning client representation...Last week, we received the 2017 5-star professional award for the 9th year in a row making making us among only 663 agents out of 21,903 agents in the San Diego to be nominated as a recipient. The criteria for this award is based on Market Knowledge, Negotiation Skills and Customer Experience! Now 18 years in business focusing on our clients that have put their trust in me and my team with their real estate selling, investing and property management needs!  Thank you for your business.

Review my testimonials and text/email me if you have a question that I can help you with.  Contact me for a professional estimate for selling or renting your home.

Click here for the full report: http://www.rashidrealty.com/pages/Market_Action_Report.pdf
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San Diego Real Estate Report Oct 2017: October property sales dropped 22% (same as last year - 21.4% during this time) 202 from 259 home sales last month. The number of new listings on the market went down 7.5% to 211 home from last month. Overall inventory available for sale is only 214 which is very low (it was 343 homes last year at this time). Home pricing has gone up by 3.6% comparing median numbers from last month. So bottom line is that there aren't enough homes to choose from.

Happy Thanksgiving everyone!  We provide award-winning client representation...Now 18 years in business focusing on our clients that have put their trust in me and my team with their real estate selling, investing and property management needs!  Thank you for your business.

Review my testimonials and text/email me if you have a question that I can help you with.  Contact me for a professional estimate for selling or renting your home. Click here for the full report: http://www.rashidrealty.com/pages/Market_Action_Report.pdf
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San Diego Real Estate Report Sep 2017: Property sales were down another 8.6% from last month for a third consecutive month as we approach the holiday months. This is also demonstrated by the number of new listings on the market which went down by 29.1%. Property prices continue to remain steady as well. We anticipate a slight dip in end Oct thru mid Dec and then market activity will increase again in late Jan mid Feb. I continue to recommend that our clients hold on to their primary homes when moving up and renting these out. Understandably, not everyone is cut out to be a landlord. Our rental inventory is 100% filled...Zero vacancy! Got Qs? Contact me for a professional estimate for selling or renting your home.
Click here for the full report: http://www.rashidrealty.com/pages/Market_Action_Report.pdf
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San Diego Real Estate Report Aug 2017: Property sales were down another 12.3% from last month for a second consecutive month. The number of new listings on the market went up by 4.3% as last minute sellers decided to catch the trail end of the summer sizzle. Property prices are holding stable with normalized price per square foot of $375. Homes are continuing to sell rapidly. Got Qs? Contact me for a professional estimate for selling or renting your home.
Click here for the full report: http://www.rashidrealty.com/pages/Market_Action_Report.pdf
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San Diego Real Estate Report Jul 2017: Summer sizzle is cooling off slowly. Property sales were down 13.3% from last month. The number of new listings on the market also went down by 23% from last month. Overall inventory is down by 7.8%. Buyers are showing signs of nervousness as prices are at a peak and now dipping back down with the median price dropping 6.6% from last month. Consequently, many overpriced listings are falling out of escrow even though the initial bidding tasks them to a higher sales price.
Click here for the full report: http://www.rashidrealty.com/pages/Market_Action_Report.pdf
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San Diego Real Estate Report June 2017: This month's report isn't too exciting. Compared to last month, property sale prices went up by 2%, overall inventory went down 3.9%, and number of new listings went down by 2.9%. Buyers are looking for good deals as they seem nervous about jumping in thinking market is too high. Got Qs? Contact me for a professional estimate for selling or renting your home. Click here for the full report: http://www.rashidrealty.com/pages/Market_Action_Report.pdf
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San Diego Real Estate Report May 2017: Property sale prices in went up 16.2% compared to last month. Buyers also found more choices as new listing inventory increased. Yet, despite the increase new listing inventory, overall total inventory went down by just a bit (by 3.4%) as homes more homes sold then entered the market place. We continue to remain in a sellers' market but motivated buyers that are willing to pay premium prices are having more choices. There is chatter of another bubble which is making sellers nervous with indecision on whether to hold or sell their rentals. My recommendation is to hold on tightly to rental investment properties as rents are going nowhere but up. The newer generation is more inclined to rent then own because it gives them the freedom to move about, travel and explore other pursuits in life. We are headed into interesting times. Got Qs...contact me for a professional estimate for selling or renting your home. Click here for the full report: http://www.rashidrealty.com/pages/Market_Action_Report.pdf
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San Diego Real Estate Report Apr 2017: Property sale prices in April stayed at the same level compared to last month but 3-month average has been trending upwards since early fall going from $675,000 and now hovering shy of $750,000; We saw this spike in January of 2015. Number of new listings on the market was same as last month...still very low. Consequently, like last month, we continue remain in a buying frenzy (market times now averaging 21 days) with a superb 99.7% average list to sell price ratio and in nearly all cases seeing multiple offers. Got Qs...contact me for a professional estimate for selling or renting your home. Click here for the full report: http://www.rashidrealty.com/pages/Market_Action_Report.pdf
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