Hi Friends & Neighbors,

 If Isaac Newton were buying a home today, he might wait.
 

“What goes up must come down,” after all.

 

But unlike gravity, the forces that apply downward pressure on real estate are not so predictable.

 

Southern California real estate is booming. Last month in San Diego County, single-family homes averaged just 6 days on the market, and the average sales price was up 16% from a year ago. Why?

 

It’s not a bubble, according to NAR chief economist Lawrence Yun. “It is simply a lack of supply.” 

While the last housing craze was driven by dangerous lending that made disaster all but inevitable, the factors driving today’s market show no signs of slowing.

 

Buyer demand is high thanks to low mortgage rates and more time spent at home, and financial institutions are further adding to demand. On the other hand, housing supply is at historic lows. Some sellers would rather not compete for their next home, listings that do hit the market are snatched up fast, and builders are facing higher material costs.

 

Will any of this change substantially any time soon? No one has a crystal ball to know for certain. Prices could go down, stay flat or keep rising. But there’s no guarantee of a discount or a smoother ride for those who wait. Looking back a year from now, today’s listings might seem a relative bargain.

 

So, if your goals and finances align to buy or sell right now, what are you waiting for?

 

As always, we’re here to help you and anyone you send our way!

 

Mark & Pete

-The Caspersen Brothers-

Real Estate in the News

Homebuying Trends You Should Expect To See Through 2021

Chances are, you, or someone you know, has bought or sold a house in the last year. No matter if you are moving across the street or across the country, it’s all part of a record-setting real estate boom. Triggered by job and financial changes, the push to stay at home, and low interest rates – the real estate boom is far from over. 

Learn more from Forbes

Local Events

Carlsbad Flower Fields | Open through May 9th

Every year, nearly 50 acres of Giant Tecolote Ranunculus flowers that make up the Flower Fields at Carlsbad Ranch are in bloom for approx. six to eight weeks each year. Take advantage of the last few weeks to see them in bloom! Click here for more info!

Chalk Walk at The Headquarters at Seaport District | May 8th, 12-3pm

Bring the whole family out for a Chalk Walk event featuring live entertainment, giveaways, and special treats for Mom on in the Headquarters courtyard. This family-friendly event will leave you in awe of the talent and creativity of over 10 professional chalk artists from all over SoCal. Click here for more info. 

Lifestyle Tips & Tricks

Early to List, Early to Sell Give Your Home the Headstart it Deserves

With Compass Coming Soon, you can give a curated audience of potential buyers an early look at your property. With ample time to prepare, we can gather valuable feedback to drive demand and generate buzz prior to going live. Interested in learning more? 

 
 

24 Stunning Outdoor Kitchen Ideas for Dining Alfresco All Summer

Maximizing our outdoor spaces has never felt so important, and Veranda’s on the lookout for fresh ways to make our patios, backyards, terraces, and balconies as functional as possible. One of the best ways to make the most of your outdoor space is equipping it with a kitchen.

The Do's and Don'ts of Family-Friendly Design

Are you looking for ways to design your home to make it friendlier and safer for kids? Here are some dos and don’ts for decorating a home with a family in mind.

Featured Listings

525 Ford Ave | Solana Beach
4 Bed | 5.5 Bath | 4,025 Sq. Ft.

Listed for $2,650,000

ACTIVE

2014 14th St | Encinitas
6 Bed | 4.5 Bath | 5,563 Sq. Ft.

Listed for $2,599,000

ACTIVE

242 Date Ave | Carlsbad
4 Bed | 4 Bath | 3,258 Sq. Ft.

Listed for $3,249,000

PENDING

15878 Bass Ln | San Diego
4 Bed | 3.5 Bath | 2,537 Sq. Ft.

Listed for $1,349,000

PENDING

436 Brenna Ct | Encinitas
4 Bed | 2.5 Bath | 2,358 Sq. Ft.
Listed for $1,450,000

PENDING | Rep. Buyer

2748 Rich Lynn Ridge Rd | Escondido
4 Bed | 4 Bath | 3,580 Sq. Ft.
Listed for $1,600,000

PENDING | Rep. Buyer

3309 Camino Coronado | Carlsbad
3 Bed | 2 Bath | 2,044 Sq. Ft.
Listed for $1,049,000

PENDING | Rep. Buyer

2125 Redgap Ct | Encinitas
5 Bed | 3 Bath | 2,433 Sq. Ft.
Listed for $1,299,000

PENDING | Rep. Buyer

Featured Success

460 Dunsmore Ct | Encinitas
4 Bed | 2 Bath | 1,876 Sq. Ft.
Sold for $1,275,000
444 Dunsmore Ct | Encinitas
4 Bed | 2 Bath | 1,852 Sq. Ft.
Sold for $1,275,000
1776 Avenida La Posta | Encinitas
3 Bed | 2 Bath | 1,605 Sq. Ft.
Sold for $1,200,000
223 Via Villena | Encinitas
4 Bed | 2.5 Bath | 2,767 Sq. Ft.
Sold for $1,415,000
2579 Arnott St | San Diego
4 Bed | 2.5 Bath | 1,702 Sq. Ft.
Sold for $1,310,000
573 S. Sierra Ave #8 | Solana Beach
2 Bed | 2.5 Bath | 1,519 Sq. Ft.
Sold for $995,000
10505 Zenor Ln #19 | San Diego
3 Bed | 3.5 Bath | 1,498 Sq. Ft.
Sold for $740,000 | Rep. Buyer

Mark Caspersen​

 

Estates Dir./Founding Agent

DRE# 01857725

M: 858.215.4001

mark.caspersen@compass.com

Pete Caspersen​

 

Broker Associate/Founding Agent

DRE# 01772876

M: 619.807.3423

peter.caspersen@compass.com

Caspersen Group

1953 San Elijo Ave
Cardiff, CA 92007

619.807.3423
info@caspersenbrothers.com