Daniel Di Matteo, Realtor

Across the nation, 3% of homebuyers searched to move into San Diego from outside metros.

Which cities are looking at San Diego real estate the most?

Los Angeles homebuyers searched to move into San Diego more than any other metro followed by San Francisco and Dallas.

Does this surprise you?

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
CA DRE #01776960


(Source Redfin)

SOLD! Check this out👇

Not only did my Buyers purchase this home for $4️⃣5️⃣,0️⃣0️⃣0️⃣ BELOW Appraised Value, we also negotiated for the Sellers to cover $5,000 of Buyer’s costs!

There ARE opportunities in this market when you work with the right real estate professional.

If you have questions, DM me today!

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
Cal DRE #01776960

📍Chula Vista real estate market update and analysis:

💰 The median list price has seen a slight increase over the past 2 weeks, now standing at $949,900. Although this is a $900 uptick from the previous update, it remains a strong indicator of a balanced market, with potential benefits for both buyers and sellers.

📆 Properties are still moving quickly, with the average days on the market now at 40 days. This reflects a modest increase of 4 days from the last update, the market remains dynamic, showcasing continued high demand compared to inventory levels.

🏠 The number of detached single family homes available for sale has risen to 75, reflecting a growth of 6 homes since the last update. This increase is to be expected going into the Holiday season.

📊 Analysis: Despite a marginal increase in the median list price and average days on the market, the Chula Vista real estate market continues to hold steady. Sellers can still benefit from the sustained demand and relatively swift sales.

As always, for personalized advice and expert guidance, feel free to reach out!

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

Let’s talk about building wealth 💰

The Federal Reserve Board's Survey of Consumer Finances reveals a substantial disparity in net worth between 🏠 homeowners and 🏢 renters.

The average homeowner's net worth is nearly 40 times greater than that of a renter.

This gap has widened in recent years due to surging 📈 home equity, driven by rising home prices during a period of high demand and low mortgage rates.

Even though home prices are still increasing, it's expected to be at a more typical pace.

Buying a home remains a solid long-term investment, as property values historically appreciate. Making the decision to buy a home can significantly contribute to building your net worth over time.

The median net worth of homeowners far exceeds that of renters, highlighting the wealth-building potential of homeownership. If you're undecided about buying in today’s market, consider the substantial net worth benefits of homeownership.

Let’s connect and discuss the potential advantages of owning a home.

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

CA Values Forecast to Rise📈 in 2024

C.A.R. released its 2024 California Housing Market 🔮Forecast which showed:

• Existing, single-family home sales are forecast to total 327,100 units in 2024, an increase of 22.9 percent from 2023's projected pace of 266,200.

• California's median 🏠home price is forecast to climb 6.2% to $860,300 in 2024, following a projected 1.5 percent decrease to $810,000 in 2023 from 2022's $822,300.

👉 That's a $50,300 increase for the median CA home in 2024!

Have questions? 👇

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

Another home Sold in 📍Spring Valley, CA.

Congratulations to our clients on the sale of the last property of this 3-legged real estate plan that began at the beginning of the year with just a thought of it was possible.

After numerous meetings, connecting with the right professionals and strategizing, our clients just finalized the plan they set out to accomplish.

If you‘be had just a thought, a dream, or an idea about real estate, you have to call me so we can work it out honestly and transparently so you can make the best decisions for you and your family.

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

Another one sold in Otay Ranch!
Monica Reyes and I partnered up to provide the very best service to our client pursuing her 1st 1031 exchange.

A 1031 exchange allows you to sell an investment property and defer the tax liability (Capital Gains) that would normally be due into the purchase of another investment property.

There are extra layers, parties, and strict timelines involved in a 1031 exchange and should not be entered into lightly as the tax implications can be in the hundreds of thousands depending on the circumstances.

This is the 1st leg of this process and we look forward to closing on their replacement investment very soon.

If you want to Lear more about selling an investment property or if a 1031 exchange makes sense for your situation, give me a call!

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

#1031

Changes in the 📍 Chula Vista real estate market month-over-month:

💰 the median list price is increased by $26,500 to $989,000.

📆The average days on the market keeps increasing ever so slightly now at 30 days.

🏠The number of homes for sale throughout the city is only 59.

📉Percentage of price reductions increased by 16 to 31%.

ℹ️ the current real estate market is facing a stalemate where high rates are bringing buyer demand down while simultaneously keeping inventory levels low from homeowners who do not view it as financially viable to sell holding a 3-4% mortgage rate in exchange for 7%.
This dynamic is preventing what would otherwise cause prices to move significantly lower.

If you have questions about the current market or are looking to buy or sell a home, give me a call!

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

Changes in the 📍 Chula Vista real estate market month-over-month:

💰 the median list price is down slightly to $950,000.

📆The average days on the market jumped 7 days to 14 days.
(a 100% increase but still very low historically)

🏠The number of homes for sale is up to 71.
(We've seen a gradual increase throughout the year but are 1/3 of historical norms)

📉Percentage of price reductions increased by to 21%.
(Most properties don’t need to reduce unless they overpriced to begin with)

ℹ️ I believe peak "Seller's Market" was in June/July and we will see a softening (not much) of prices and increased inventory through the rest of the year.

If you have questions about the current market or are looking to buy or sell a home, give me a call!

Daniel Di Matteo, Realtor
CENTURY 21 Affiliated
📱619.430.4380
Cal DRE #01776960

Great new 3 Bedroom 🏠property just South of Palm Ave in
📍San Diego (92154)
💰Affordably priced and ready for a new owner.
If you know someone that might be interested - 🏷️Tag them so they don't miss it!

Listed by Daniel Di Matteo
CENTURY 21 Award
📱619.430.4380
Cal DRE #01776960

1152 Ransom Street, San Diego, CA 92154 - Homesnap 1152 Ransom Street is currently listed at $649,000 on Homesnap. View 35 photos of this 3 bed, 1 bath, 1050 Sq Ft home in San Diego, CA.

⭐️⭐️⭐️⭐️⭐️
Reviews like these always make my day! Let’s face it, buying or selling a home can be daunting 😨

As an agent who’s sold 💯hundreds of 🏠homes, it can be easy to gloss over many aspects of a home purchase or listing since I experience them 📆everyday. However, I am always mindful to go over every detail of the process with my clients so they understand the ins & outs and the why❓ of what is, or can happen, so that they can make the most informed decisions in what can be the largest financial 💵 transaction 🤝 of their lives.

If you have 💬 questions, put my experience to work! I truly enjoy sharing my expertise.

Daniel Di Matteo, Realtor
CENTURY 21 Award
📱619.430.4380
CalDre lic #01776960

📅Plan ahead and come check out this single story 🏠home this Sunday between 1-4pm!

Have Questions?
Call or Text Daniel for info 📲 619 430 4380
CENTURY21 Award
CA DRE #01776960

673 Garrett Avenue, Chula Vista, CA 91910 - Homesnap 673 Garrett Avenue is currently listed at $775,000 on Homesnap. View 33 photos of this 4 bed, 2 bath, 2399 Sq Ft home in Chula Vista, CA.

This starter home is calling your name!

This 3 bed + loft home is ideally situated on a corner lot in lovely Eastlake Trails!

✔️ Open floor plan
✔️ Hardwood floors
✔️ 16 Panel Solar System
✔️ Solar Battery Backup
✔️ A/C
✔️ Private yard

Don’t miss your chance!
Over the past 12 months, Homes in 91915 are on the market an average of only 7 days!

Contact Daniel for info 📲 619 430 4380 / [email protected]
CA DRE #01776960

The supply problem in real estate is not getting any better.
Number of total listings have steadily declined 🔻over the past few years dropping 5% from 2018- 2019 and another 8% from 2019-2020.
To date, October 2021 units are down 🔻30% year over year which will likely result in a reduction of listings for the year between 1,000-3,000 compared to 2020.
To show how low inventory has been of late in San Diego County, the last time we saw 👀4,700 new listings come on the market in a single month was 15 months ago (July 2020) and only occurred once that year, compared to 7 times in both 2019 and 2018.
Until inventory levels rise 📈 significantly, the 🏠 real estate market will remain red 🔥hot.

If you are thinking of buying or selling, or just curious about our local market, give me a call.
I’m here to help.

Daniel Di Matteo, Realtor
CENTURY 21 Award
📱619.430.4380
Cal DRE #01776960

🚨Just Listed in Del Cerro
1 🛏 / 1 🛀 / 643 sqft 📏
—————————
This terrific Del Cerro 1st floor end-unit features an open floor plan, laminate and tile flooring, granite countertops, stainless steel appliances, a remodeled bathroom, A/C, in-unit washer/dryer closet, upgraded walk-in closet, a spacious and private patio, assigned parking and much more. The complex amenities include access to a private pool, spa, tennis court, fitness center, and club house. Ideally located just 2.7 mi from SDSU, 1.2 mi from Mission Trails Regional Park, and steps from Rancho Mission Neighborhood Park make this a great property to call home.

Daniel Di Matteo, Realtor
CENTURY 21 Award
📱619.430.4380
Cal DRE #01776960

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Offering over asking is the norm in most markets today

Buyers Go to Crazy Extremes to Win a Home Some are offering $100,000—even $500,000—above the asking price to secure a home, real estate pros report.

🚨 Just hit the market!
📍12720 Laurel Street #212, Lakeside CA
• 2 🛏 • 1 🛁 • 921 📏

Check it out in [3D] here:
https://my.matterport.com/show/?m=4j6d3UshGdW

Listing Details here:
https://www.homesnap.com/CA/Lakeside/12720-Laurel-Street/property/100009818627?a=102301601

If you've been searching🔎 for that affordable 🏠 don't wait too long. This one will be sold in a ⚡️

Daniel Di Matteo
CENTURY 21 Award
📲619.430.4380
Cal BRE #01776960

⭐️What a terrific insight into my clients' mindset when interviewing multiple agents to list their home for sale in .
📍Both my home and office are located in so it makes sense to wonder if that makes a difference when hiring an agent.
🤔If you are thinking of buying or selling, just remember - proximity does not equal proficiency.
😊They were the sweetest couple to work with and can't be more happy with the tremendous result they achieved with the sale of their family home🏠.

If you are looking for guidance, call Gary & Peggy's 🏆 #1 choice!

Daniel Di Matteo
CENTURY 21 Award
📱 619.430.4380
Cal BRE #01776960

A great big thank you to the men and women who’ve served our Country 🇺🇸

More competitive than the Presidential election is the real estate market! 🔥
This home received
1️⃣6️⃣ Offers
in under 6️⃣ Days
and SOLD for
💰5️⃣1️⃣,0️⃣0️⃣0️⃣
Over Asking👀

Thinking of selling? This is a terrific time to do it. Contact me to explain why and how this is happening.

Daniel Di Matteo
CENTURY 21 Award
📱619.430.4380
Cal DRE #01776960

This question comes up quite frequently when talking to prospective sellers. The answer is almost always No. Generally speaking, the small details are typically the ones with the greatest returns.

If you are considering selling soon and want some tips and ideas on what you should or shouldn't update, give me a call!

Daniel Di Matteo
CENTURY 21 Award
📱 619.430.4380
Cal BRE #01776960

Should I Renovate My House Before I Sell It? Some Highlights In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range. With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the ...

Headline: Pending Home Sales Slightly Down in September.
Actual Story: Pending Home Sales UP 21.3% Year over year.

👉Having a trusted source to decipher market data is crucial if you want to make "informed" decisions.

If you have questions❓, I am happy to answer them.

Daniel Di Matteo
CENTURY 21 Award
📱 619.430.4380
Cal BRE #01776960

❗ The extra hour of sleep 😴 we've all needed since March is coming! ☀️Daylight Saving Time ends Sunday at 2 a.m. so don't forget to set your clocks ⏰ back 1 hour Saturday night.

Love receiving words like these. This is always what we strive for. A 5⭐️ experience EVERY time. Thankful for the opportunity to help another homeowner navigate this real estate market.

Daniel Di Matteo
CENTURY21 Award
📱 619.430.4380
Cal BRE #01776960

Extremely 😁happy for my sweet client who gets to start a new chapter out of state and close to her grandchildren. . I met her 5 months ago at an Open House while selling her neighbor’s property 2 doors down. 🚪🚪 Fast forward to today, we were able to close for the highest price per sqft in the neighborhood in 15 years!🎉 • Only 17 days on the market • 99.13% of List Price . If you are thinking of selling your home, let me show you what I do and how I consistently get my clients these types of results. . Daniel Di Matteo CENTURY 21 Award 📲619.430.4380 Cal BRE #01776960 https://ift.tt/2PxKfBN

Looking for things to do around town this month? Here are 4 events worth checking out.
Oct. 5 - Pacific BeachFest
A fish taco contest, surf competition, beach volleyball, craft beer, kids activities and music!
8am-7pm / Pacific Beach Boardwalk www.pacificbeachfest.org
Oct. 10 - Taste of Coronado
Enjoy amazing bites prepared by our local chefs.
5-9pm / Coronado Historical Association, Coronado Museum of History & Art
www.atasteofcoronado.com
Oct. 19 - Villains in the Village!
Over 20 nefarious characters and uncanny activities will torment and trick thrill seekers of all ages.
4-9pm / Third Avenue, Chula Vista
619-422-1982 / www.thirdavenuevillage.com
Oct. 26 - Balboa Park Halloween Family Day
Dozens of free craft projects for kids, Day of the Dead-themed displays and activities, costume
contests and parades, carnival games with prizes, live entertainment, and food trucks.
11am-4pm / Balboa Park
619-239-0512 / www.balboaparkconservancy.org/halloween
Thinking of buying or selling in the San Diego area? Give us a call! We are here to help.
Daniel Di Matteo
CENTURY 21 Award
📲619.430.4380
Cal BRE #01776960

A recession may not lead to lower home prices. In fact, a recession has nothing to do with housing in the first place.
Economists define a recession as two consecutive quarters of declines in GDP. In the past 100 years, there have been 17 recessions.
Here’s what happened to home values in each of the last 5 U.S. recessions:

- 1980: +6.1% ⬆️
- 1981: +3.5% ⬆️
- 1991: -1.9% ⬇️
- 2001: +6.6% ⬆️
- 2008: -19.7% 🤯

Since the Great Recession ended in 2009, we’ve experienced the longest U.S. economic expansion in history and now have many economists predicting a recession by end of 2021.
Just don’t expect housing to be bothered by all that noise.

Daniel Di Matteo
CENTURY 21 Award
📲619.430.4380
Cal BRE #01776960

*Source: Corelogic

Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home.

Have questions?
👉🏻Call/Text/DM
Daniel Di Matteo
CENTURY 21 Award
📲619.430.4380
Cal BRE #01776960

🚨Hitting the market Wednesday!
📍614 Hampshire Ln, Chula Vista
👉🏻Detached 🏡
• 2 🛏
• 2 🛁
• 932 📏
• 2 🚗 garage

Listed the 🏠 2 doors down earlier this year and sold in a ⚡️

Daniel Di Matteo
CENTURY 21 Award
📲619.430.4380
Cal BRE #01776960 https://ift.tt/319Nna7

⚡️Investor/developer opportunity⚡️ • 1/3 Acre • Zoned R-2 . Current 🏠 features: • 2 🛏 • 1 🛀 • 877 sqft • Detached garage with attached room and bath (permits unknown 🤔) . Interested? Have Questions? Call me 💁🏻‍♂️ Daniel Di Matteo CENTURY 21 Award 📱619.430.4380 Cal BRE #01776960 https://ift.tt/30W34Bt