Market Recap 2020: Looking Back & Forecasting 2021

It is safe to say 2020 was a year of highs and lows, of uncertainty and opportunity, but the momentum that the Sotheby’s International Realty network built despite it all is unprecedented. The demand for new inventory is steadily increasing, we have seen supply shortages at an all-time high as well as homes selling fast and values appreciating. One thing we know for certain is the Real Estate market is thriving and 2021 forecasts predict a growing economy with increasing numbers of homes for sale providing a great window of opportunity for home buyers ready to purchase a property!

Turning uncertainty into opportunity.

By the Numbers: 

  • 61.8% Year-over-Year Increase US closed volume sales through Q3 2020
  • 106% Year-over-Year Increase US closed volume sales $2.5-$10 million USD range through Q3 2020

Amber Anderson: 2020 In Review

By the Numbers:

 

$50 million in Closed Sales

35 Homes Sold

35 Videos Produced

In 2020 we saw mortgage rates reach an all-time low, inventory has dropped year-over-year and median sale prices have increased over 16% in San Diego. It is clear sellers are at a great advantage in this market as we are at the start of 2021 there is no better opportunity to sell your home as well as make that purchase you’ve been waiting for! Watch our most recent YouTube video for a full market recap and update from Amber Anderson. https://youtu.be/GxJH5hxgjow

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