San Diego Real Estate "Microclimates"

One of San Diego's most affable citizens and favorite weather forecaster, Loren Nancarrow, refers constantly to our area's microclimates. His nightly forecasts include the outlook for each of our many regions. Locals know and visitors learn quickly that temperature and weather conditions vary in our county from north to south, and more dramatically, from west to east. This may surprise many visitors and tourists, as well as disappoint, if they come expecting our famous sunshine and mild weather everywhere - every time.

It is surprising is how many different weather scenarios we can experience daily in our county. For example, I live in Carlsbad, which is in North San Diego County, and is beach side, meaning west. The office I work in is 20 miles to the east. Those two temperatures alone can vary ten to fifteen degrees from home to office most any day of the year.

These microclimates and real estate prices have a lot in common.

I think of Loren and his microclimates often when I am making property comparisons and valuations for my clients.

Zip by zip, property values are dependent on which side of the lines of division they fall. This gets further complicated as municipalities with multiple zip codes might have their own mini-real estate-microclimates. Just like the weather they each come with differing degrees of appreciation or depreciation - within their own city limits!

This gives all new meaning to location, location, location, while at the same time, giving a plausible explanation why we can't predict if the bottom has hit, or if not, when it will hit. It may have hit one zip, and yet to hit another. One zip seems to be off the charts when it comes to number of units sold and appreciation, while the zip code next door property values are devastated.

Just when you think you have one month's sales statistics figures out, the next month's come out, contradicting what you just digesting.

 

These changing housing market climate variations can effect;

• Homeowners that wish or need to sell.
• Homeowners who wish to refinance out of a bad loan.
• Buyers choices and deciding on fair market value.
• Buyers trying to get a fair appraisal.

This is an opportunity market for many and a life altering market for others.

With so many things to consider, it is more important that ever to consult a professional.

Rates are down, affordability is up, choices are many AND I am currently negotiating great deals for my clients.

Call and ask me how!

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