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Tim Van Damm & Associates News
July Market Update
The housing market is beginning to return to a healthier, more balanced pace. According to the latest data, the number of homes for sale is gradually increasing and moving closer to normal levels. See inventory graph below. Of course, inventory trends vary significantly by location. Below is a comparison of current single-family home inventory levels with the same period in previous years, so you can get a sense of how things are shifting locally. See local inventory chart. Even with inventory reaching its highest point in six years, it’s important to look beyond the number of homes for sale. One of the most telling indicators of market conditions is Months Supply of Inventory (MSI). While higher inventory might suggest more choices for buyers, if buyer...
#1 in sales volume for all san diego
#1 IN SALES VOLUME FOR ALL SAN DIEGO The results are in, and we're incredibly thankful to have secured the top spot in the Berkshire Hathaway HomeServices mid-year report for 2023. Tim Van Damm & Associates has achieved the #1 ranking across all realtors and team sizes for all of San Diego! We extend our deepest gratitude to our clients who have entrusted us with the sale and purchase of their homes. Considering selling or buying a home? Reach out via call or text. We Would be Honored to Represent You. Tim Van Damm | Tim Van Damm & Associates (858) 663-0911 | tim@timvandamm.com | DRE#02011614 |...
RANKED #1 AGENT IN RANCHO SANTA FE & north county san diego
#6 TOP TEAMS WORLDWIDE
Tim Van Damm and Associates Awarded #6 Top Small Teams Worldwide for Berkshire Hathaway.
PLATINUM LEVEL & REALTOR OF THE YEAR NOMINATION
Grateful to have achieved the Platinum Level Award by the San Diego Association of Realtors, the highest recognition in the field. I’m also honored to have been nominated for the Realtor of the Year Award for the past two years.
how financially strong are homeowners throughout the country?
The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called that a troubling sign when it happened for the first time in history. Recently Odeta Kushi, Deputy Chief Economist at First American, answered that question when she said: “U.S. households own $41 trillion in owner-occupied real estate, just over $12 trillion in debt, and the remaining ~$29 trillion in equity. The national “LTV” in Q2 2022 was 29.5%, the lowest since 1983.” She continued on to say: “Homeowners had an average of $320,000 in...
CONTACT TIM
Interested in Selling or Buying a Home? Contact me, I would be honored to represent you.
PHONE
(858) 633-0911
ADDRESS
TIM VAN DAMM & ASSOCIATES
6027 Paseo Delicias, Suite E,
Rancho Santa Fe, CA 92067
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Luxury Real Estate News
Discover the latest news, market insights, and expert commentary from San Diego’s most coveted communities—including Rancho Santa Fe, La Jolla, Del Mar, Santaluz, Fairbanks Ranch, and beyond. Whether you’re buying, selling, or simply staying informed, our real estate news hub offers valuable updates tailored to the high-end market. Curated by Tim Van Damm & Associates, San Diego’s leading luxury real estate team.