2024 Year in Review and 2025 Predictions

2024 Continued in the same vane as 2023, slow! We finished 2024 at one of the slowest paces since 2010. As a whole market we saw the number of sales down and days on market inch up a bit. Last year we predicted that interest rates and inventory would be the two biggest factors in our local market. We did in fact struggle with inventory in 2024 and the feds did reduce rates, however, not as much as we had expected.

In 2025, we expect to see a few more rate reductions. As rates come down, we expect to see inventory increase, the rate reduction will allow sellers who want to move, but don't want to give up their low interest rate, to make a move. With increased inventory, we predict that we will see more sales than we saw in 2024, however, we do expect there to be some pressure on pricing as inventory increases, rates remain higher (in comparison to past years) and the latest challenge, homeowners insurance.

The current cost of homeowners insurance is pricing some buyers out of the market. Unless and until the state figures out a better solution to the homeowner’s insurance problem, we believe we will see pressure on pricing. There is still quite a bit of pent-up buyer demand, but buyers are becoming more and more discerning in evaluating the value of their purchase. There continues to be little to no foreclosure activity in the local market, we don't expect to see any change in this for 2025.

Our forecast for 2025 is optimistic, with a slight increase in year-over-year sale prices of about 2-5%. We expect to see market time above previous years, home sellers should be prepared to negotiate and to offer incentives to buyers to help offset the monthly cost increase in their payments due to higher rates, higher prices and insurance. Our team has extensive experience in all markets: buyers market, sellers market and a "balanced" market. How you approach a purchase or sale in these markets is very different. If you are considering making a move, call one of us today to discuss a plan that will optimize your chances of selling for the most money in the shortest amount of time.

Single Story Home For Sale in Rancho San Pasqual

Welcome to Rancho San Pasqual, one of Escondido's best-kept secrets. Nestled in the picturesque San Pasqual Valley within a gated, golf course community. Just minutes from freeways, shopping, wineries, and multiple golf courses, this community is a hidden gem!

Welcome to this single-story turnkey home. It's not often you find a home that has been meticulously taken care of like this stunning home. This spacious dream home features open-concept living, including 3 bedrooms 2 baths, a large living room filled with picturesque windows and mountain views, a family room, a spacious gourmet kitchen including newer stainless appliances and a breakfast nook leading to a romantic courtyard perfect for your early mornings. Beautiful vinyl flooring throughout the main hallways, family room and living room. Energy efficient with Sunrun Solar panels. The epoxy garage includes nice storage. Your outdoor space is where you will find complete tranquility. Relax with family and friends and take in the nature and views. The mountain views are gorgeous, lush and the outdoor space is perfect for entertaining at it's finest. Nearby you can refresh at the community pool or spend the day at the park.

Rancho San Pasqual is surrounded by beautiful open spaces and is home to the recently renovated Dos Oso’s Golf Course, managed by JC Resorts. The community boasts low
HOA fees, no Mello Roos, and access to incredible amenities, including an Olympic-size swimming pool, park, basketball courts, and pickleball courts. Children attend the
highly sought-after San Pasqual Union School District, which serves preschool through 8th grade.

This is your chance to own a home in one of Escondido's most desirable neighborhoods. Schedule your private showing today and experience the lifestyle Rancho San
Pasqual has to offer!

Beautiful Home For Sale in Rancho San Pasqual

Welcome to Rancho San Pasqual, one of Escondido's best-kept secrets. Nestled in the picturesque San Pasqual Valley within a gated, golf course community, this stunning
home offers the perfect balance of elegance and functionality. Just minutes from freeways, shopping, wineries, and multiple golf courses, this property is a hidden gem!

This unique, award-winning floor plan features 4 bedrooms, an office, a loft, and 3 bathrooms, providing flexible options for living and entertaining. The gourmet kitchen,
complete with a built-in center island, opens to a spacious living room and connects seamlessly to a butler's pantry equipped with extra storage and a built-in wine rack. A
professional office with built-in cabinets offers the ideal space for working from home or enjoying a quiet retreat. The first floor also includes a full bedroom and bathroom
with a walk-in shower, perfect for guests or multigenerational living.

Upstairs, the home is filled with natural light, thanks to large windows lining the hallway and loft area. Two side-by-side secondary bedrooms share a bathroom with a
double vanity and offer views of the surrounding open space and hills. The primary bedroom serves as a luxurious retreat, featuring a spacious layout, a soaking tub, and an
expansive walk-in closet. The 3-car tandem garage, complete with epoxy floors and custom-built storage, provides ample space for all your needs.

The low-maintenance backyard is designed for relaxation and entertaining, with turf grass, a built-in BBQ, and a cozy fire pit. Enjoy breathtaking easterly views of the open
space, perfect for morning sunrises and shaded summer afternoons. Fully owned solar panels ensure you can enjoy cool summers without worrying about high electric bills.

Rancho San Pasqual is surrounded by beautiful open spaces and is home to the recently renovated Dos Oso’s Golf Course, managed by JC Resorts. The community boasts low
HOA fees, no Mello Roos, and access to incredible amenities, including an Olympic-size swimming pool, park, basketball courts, and pickleball courts. Children attend the
highly sought-after San Pasqual Union School District, which serves preschool through 8th grade.

This is your chance to own a home in one of Escondido's most desirable neighborhoods. Schedule your private showing today and experience the lifestyle Rancho San
Pasqual has to offer!

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