News

As we move into 2026, the housing market is showing clear signs of entering a more balanced and predictable phase. After several years of sharp swings, economists are forecasting a market defined less by volatility and more by stability, normalization, and strategic opportunity. At Tim Van Damm & Associates, we closely track national and local data to help our clients stay ahead of market shifts. The consensus among leading housing economists points to 2026 as a year of modest growth, improving conditions, and steadier activity. National forecasts suggest home prices will continue to rise but at a slower, more sustainable pace. At the same time, sales activity is expected to increase as conditions become more navigable. “We are expecting home sales to increase by about 14%...

Tim Van Damm & Associates is proud to announce the highest sale in Rancho Santa Fe history with the closing of 5992 Calle Camposeco at $28,000,000. This landmark transaction reflects the strength of the Rancho Santa Fe luxury market and the caliber of representation our clients expect at the highest level. We are honored to have achieved this historic milestone for the community.

San Diego’s luxury market remains stable, with most communities carrying more inventory than during the pandemic lows but still well below historical averages. Rancho Santa Fe has tightened again, moving into balanced conditions, while La Jolla, Del Mar, and Encinitas now reflect a more normalized 4–5 months of supply. This year also produced all-time record sales in Rancho Santa Fe, Del Mar, and La Jolla, highlighting strong demand at the highest price points despite shifting inventory patterns. Meanwhile, Carmel Valley, Poway, Carlsbad SE, and Rancho Bernardo remain firmly in seller’s market territory due to persistent supply shortages. Overall, the market is now divided: balanced along the coast and seller-favored...

The latest SDAR data shows luxury-market supply rebuilding from the pandemic lows. As the first chart illustrates, active listings in August are generally higher than a year ago across several coastal and North County zips, while still below pre-pandemic levels in most areas. The takeaway: buyers have more choice than last year, but inventory remains constrained compared with 2018–2019.The second chart (MSI) underscores how uneven conditions are. Buyer-tilting dynamics persist in parts of Rancho Santa Fe and Del Mar, balanced conditions hold in places like La Jolla and Encinitas, and seller-favored conditions remain in tighter-supply submarkets such as Carmel Valley and Carlsbad SE. Strategy continues to be hyper-local.Financing has turned incrementally more supportive. As of...

As we move through the second half of 2025, the real estate landscape continues to shift, shaped by mortgage rate volatility, persistent affordability challenges, and limited inventory. Here’s a comprehensive look at the market, backed by expert insights and local data, to help guide your next move.   Mortgage Rates Are Cooling and Could Pick Up Speed This Fall After peaking in late 2023, mortgage rates have been gradually easing, though they remain higher than many buyers had hoped. As of August 2025, the average 30-year fixed rate is 6.63%, the lowest since April. While most forecasters, including Fannie Mae and Goldman Sachs, expect rates to stay in the mid-6% range through year’s end, JPMorgan now projects the Federal Reserve could begin cutting interest rates in...