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Right now, there is a lot of pressure on the $400K-$800K market here in San Diego.
It all has to do with the varying generations looking for homes right now. There are about 74,900,000 baby boomers; every 10 seconds, someone turns 65. Baby boomers are looking to downsize at this time; they are trying to get 2/3-bedroom homes that are in very walkable areas.
On the other hand, there are about 78,000,000 millennials between the ages of 18-34, who are starting to look at the $400K-$800K price range as well. There are also about 50,000,000 people in Gen X who are going to surpass the baby boomers by 2028.
If you're looking to purchase or sell a home in the $400K-$800K price range, give me a call. Three different segments of society are competing for homes at that price point, so you'll want all the help you can get! I would love to hear from you.
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