Real Estate Market Update + Local Events in October

The changing economic landscape is providing potential buyers with new opportunities in the real estate market that has not been seen in months. Data indicates that despite the rising mortgage interest rates, some homebuyers are seeing the advantage of the increasing number of homes for sale and the cooling competition. The amount of price reductions has almost doubled from a year ago and homes are gradually beginning to spend longer on the market. However, homes that are priced correctly, well maintained, and located in a desirable neighborhood will still attract plenty of attention from buyers. For homebuyers unsure about the current real estate market, consider the benefits of hedging against inflation, equity, long term appreciation, and tax benefits.

If you are considering selling, now more than ever is the best time to let us help prepare your home for sale using our Compass Concierge Program in order to maximize your profit. If you are considering buying a home, we have helped many buyers make their dreams a reality in this market and we can help you create a winning strategy too. Contact us to discuss your unique buying or selling situation. Read on for local events in October, real estate in the news, and discover lifestyle tips curated just for you!

~Layne & Rachel

Real Estate
in the News

Housing Prices Are Dropping — 
Yes, A House Is Still A Good Investment

If you’re thinking about buying a new home but have reservations in the current market, don’t be deterred—there’s still good reason to start building home equity. From a hedge against inflation to tax benefits, check out all the advantages of buying today.

Courtesy of Forbes

Local Happenings

30th Annual Paddle Out for Clean Water Ocean Beach

On Sunday, October 2nd, hundreds of participants will paddle their surfboards, SUPs, and kayaks around the Ocean Beach Pier to raise awareness and funds to protect clean water and healthy beaches in San Diego County. Click here to learn more about joining the fun.

La Jolla Art & Wine Festival

The La Jolla Art & Wine Festival will return to downtown La Jolla on Saturday, October 8th, and Sunday, October 9th. You can expect prestigious art, regional and international wines, craft beer and spirits, and family friendly fun!

Trick-or-Treat on India Street

On Friday, October 28th from 5:30pm to 7:30pm, ghouls and goblins of all ages are encouraged to dress up in their best costumes and enjoy an evening of authentic trick-or-treating with their families. Click here to learn more.

Featured Sold Properties

JUST SOLD

4414 Alhambra Street
Point Loma

Sold for $2,400,000

Client Testimonial 
 4414 Alhambra Street Buyers:

"We started working with Layne during the peak craziness of the real estate market. Although we have bought and sold a few properties, this market was unlike anything we had ever experienced. It was as if we were first time home buyers all over again. All the rules had changed. I don’t think we could have hung on except for his confidence that we would find something. He was very considerate of our time. His candid approach to evaluating a property’s suitability was refreshing and entertaining during what can be a stressful experience. Ultimately Layne found us the right property and he was able to negotiate a great deal and guide us through a smooth escrow. Layne continues to be a resource for us sending great tradespeople our way. His follow through is exceptional and attention to detail bar none. Concern for the client’s best interest and satisfaction tie for his number one priority. Layne has your back. So happy he was our agent and you will be too!" 

JUST SOLD

10426 Chevy Lane
Mount Helix

Sold for $1,975,000

We are so excited to sell this stunning mid-century modern estate in the hillside of Mount Helix for our amazing sellers who we have helped in the past. Our clients put so much effort into remodeling this masterpiece and we were so happy that they put their trust in us again to get them the highest sales price possible. We know the new buyers will enjoy entertaining family and guests in the multiple entertaining zones, view decks, and various sitting areas and enjoy the panoramic mountain, valley, and city skyline views. The new owners are so lucky to experience the sunrise and sunset over a breathtaking backdrop from this peaceful paradise.

Lifestyle Tips & Tricks

How to Prep Your Home to Sell This Fall

Make sure buyers fall in love with your home. Watch this accompanying video and follow our top three tips to create curb appeal this season.

Best Places to See Fall Foliage in the U.S.

In many part of the country, it's time for sweater weather, hot apple cider, and best of all, seeing the leaves change from the lush greens of summer to the bright golds, oranges, and reds of autumn. Check out the 21 best places to see fall foliage.

Courtesy of Travel + Leisure

Layne & Rachel Harrison
619.861.5263
LAYNEandRACHEL.com
DRE# 01301301 | #01862028
layne.harrison@compass.com
rachel.harrison@compass.com

Maximize the value of your home with Compass Concierge.

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Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.