Written by Jim the Realtor

May 20, 2021

Even though San Diego is the highest-priced metro on the list, I think we are prime for upward movement.

Those metros who have -40% or worse on their YoY inventory won’t have enough sales to keep the price momentum going much longer.

We have the right mix of -22% inventory and +18.8% in pricing to be #1 in the country by September!

6 Comments

  1. Jim the Realtor

    100 Degrees or hotter 145 days of the year? The attraction of this is much larger than you could imagine: America’s 5th-most populous city, Phoenix also is one of the fastest-growing. Between 2010 and 2019, it saw the highest numeric increase in population of any city, according to the U.S. Census Bureau. Nearly 1.7 million people were living there in 2019.

    In 2020, 3,233 homes priced $1 million or more were sold in the Phoenix-Mesa-Scottsdale metropolitan area, a 56% jump from 2019, far outpacing other single-family home sales, which saw an 8% growth overall. Overall, prices for the top 5% of the market have surged nearly 40% since 2015. (WSJ)

    Just so you know how we compare, there were 5,619 detached-home sales over $1 million in San Diego County in 2020. We have the firepower to beat Phoenix – let’s go San Diego!

  2. Rob_Dawg

    Phoenix is not Phoenix. So many people the air is big city. The use of evaporative cooling has spiked the humidity. So much non-native vegetation with irrigation and thus pollens are way up. Oh and constant catch up in infrastructure.

    I’d take Pacific mediated climate and mature infrastructure San Diego any day.

    Since this “comparison” is * for 3 bed, 2 bath, 1500 sqft. home on a quarter-acre lot built in 1977 in San Diego I will take 12 in an all cash deal. Write me up Jim.

  3. Jim the Realtor

    I’m not sure there are 12 for sale!

  4. Eddie89

    We lived in Phoenix for 17 years. Great people, just couldn’t take the heat anymore. And then there’s this thing called the “heat island” effect, where all the concrete and asphalt absorbs the heat of the day and causes it to stay hot into the night. Woke up one morning and it was already 95 degrees at 6:00 AM!

    Been there, done that and glad to be living in San Diego these past 8 years!

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