0 san diego · 2017-11-13 · realtors®)with)an international)client)in)the)past year! 72%! 64%!...
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![Page 1: 0 SAN DIEGO · 2017-11-13 · REALTORS®)with)an International)Client)in)the)Past Year! 72%! 64%! 35% Miami San Diego Nationally International Market 64%)of)REALTORS® in)San)Diego)Have](https://reader034.vdocument.in/reader034/viewer/2022050519/5fa330b39e82aa5d481b0462/html5/thumbnails/1.jpg)
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!!
!SAN DIEGOREAL ESTATE MARKET
GREATER SAN DIEGO ASSOCIATION OF REALTORS®
!Presented by
Chris Anderson- President SDAR and Cory Shepard- Incoming President SDAR
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!SAN DIEGO IS CALLING
![Page 3: 0 SAN DIEGO · 2017-11-13 · REALTORS®)with)an International)Client)in)the)Past Year! 72%! 64%! 35% Miami San Diego Nationally International Market 64%)of)REALTORS® in)San)Diego)Have](https://reader034.vdocument.in/reader034/viewer/2022050519/5fa330b39e82aa5d481b0462/html5/thumbnails/3.jpg)
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!ABOUT SAN DIEGO
![Page 4: 0 SAN DIEGO · 2017-11-13 · REALTORS®)with)an International)Client)in)the)Past Year! 72%! 64%! 35% Miami San Diego Nationally International Market 64%)of)REALTORS® in)San)Diego)Have](https://reader034.vdocument.in/reader034/viewer/2022050519/5fa330b39e82aa5d481b0462/html5/thumbnails/4.jpg)
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YEAR-ROUND FUN IN THE SUN
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Climate(and(BeachesPopulation•3.2$Million$Residents
•18$cities,$44$Chambers$of$Commerce
Safety•Named$the$2nd$Safest$City$in$America
Innovative(Education•Magnets,$Charters,$Universities
•Highest$%$of$college$graduates$in$CA
Business•Chosen$as$the$best$city$to$launch$a$$$$$startEup$by$Forbes$Magazine
•One$of$the$most$competitive$sales$tax
$$$$$rates$in$CA$8.75$%
•Lowest$business$tax$rate$of$the$20$largest$$$$$U.S.$cities
WHY SAN DIEGO?
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!Our Neighborhoods Offer Diversity
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!ECONOMY & JOBS
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San$Diego’sEconomic$Expansionis$Gaining$Steam
ECONOMY
Our$economy$ranks$aboveapproximately$three$quartersof$the$world's$countries$andnearly$a$half$of$all$U.S.$states.$San$Diego’s$Economy$Grew1.8%$in$2014$above$the$10$yeargrowth$rate$of$1.4%$and$isprojected$to$grow$2.9%$in2015.
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!ECONOMIC SIZE- WORLD GDP
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!ECONOMIC SIZE- STATE GSP
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TOP REASONS TO INVEST
Employment*Growth!San!Diego’s!2.6%!was!the!6th!highestgrowth!rate!among!the!25!mostpopulous!U.S.!metros.!Strong*Job*Market**!The!region!added!47,800!jobs!since!July2014,!with!43,500!of!those!jobscoming!from!private!sector.!Annual*Job*Growth!San!Diego!had!the!2nd!highest!averageannual!growth!rate!in!2014!in!theprofessional,!scientific!and!technicalservices!fields.
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Above&Average&Salaries!Are!well!above!the!Californiastate!average!and!will!remain!sofor!the!foreseeable!future.!Salary&Increases!Salaries!are!expected!to!increase1.4!%!per!year!annually.!
TOP REASONS TO INVEST
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0!INDUSTRIES & REVENUE
!
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Diverse'Key'IndustriesBiotechnology,&Pharmaceuticals,Communication,,Technology,Military,&,Defense,,Tourism,,andAgriculture.,Venture'Capitalists,Local,companies,were,involved,in27,VC,deals,in,Q3,2014,andranked,9th,out,18,U.S.,regions,interms,of,VC,dollars,received.,In,2014,,San,Diego,attracted$805.1,million,in,VC,investment.,
TOP REASONS TO INVEST
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!
!GMP and Employment by Sector
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!REAL ESTATE
COMMERCIAL & RESIDENTIAL
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TOP REASONS TO INVEST
Growth'in'Commercial'Real'Estate!13!straight!quarters!of!positive!netabsorption!in!the!industrial!market!have!ledto!a!combined!7.2!million!sq.!ft.!of!occupiedoffice!space!in!San!Diego.!Office!market!has!had!lowest!region@widevacancy!in!7!years!!
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TOP REASONS TO INVEST
A"StrongHousing"Market!Increasing"Home"Values!San!Diego!boasted!the!8th!fastestannual!home!price!growth!rateamong!major!U.S.!metros.!Foreclosures!Have!steadily!decreased!23.7%!in2014,!representing!23.9%!of!thetotal!market!activity.!
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LOCAL HOUSING MARKET
SOURCE: National Association of REALTORS®
Fast%AnnualHome%Price%Growth!In!2014,!San!Diego!had!the!8th!fastestannual!homeprice!growth!rate!among!major!U.S.!cities.It!has!remained!the!second!mostexpensive!forBsale!home!market!in!theU.S.
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LOCAL HOUSING MARKET
SOURCE: Zillow&&Note:&Rate&is&per&10,000&homes,&Nine&major&metros¬&reported
ForeclosuresForeclosureRates,are,Low&San&Diego’s&foreclosure&rateremained&much&lower&than&theU.S.&average.&In&July&2015,&only&1.61&out&of&every10,000&homes&foreclosing&duringthat&month.&
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LOCAL HOUSING MARKET
InventoryLevels,are,Low
2013! 2014! 2015!
2,981! 2,983!2,151!
6,969! 6,941!
5,457!
A ached! Detached!
Inventory)levels)have)remained)athistorical)lows)this)year)in)San)Diego.)The)levels)2.5)months)of)inventory,where)5)to)6)months)is)considered)ahealthy)level.)
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!INTERNATIONAL
REAL ESTATE
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International Market
!
!
Intl%Real%Estate%isHot%in%San%Diego!According!to!a!NAR!survey:!22!%!of!total!sales!were!Intlcompared)to)8)%)nationally!64%!of!respondents!worked!with!aninternational!clientcompared)to)35)%)nationally!
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!
International Market
California)is)the#2)Choicefor)InternationalSales)in)the)U.S. CALIFORNIA!14%
TEXAS!13%
FLORIDA!22%
SOURCE: National Association of REALTORS® 2014 Profile ofInternational Home Buying Activity
!The)Top)Three)States)for)InternationalReal)Estate)Transactions)in)2014
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!
REALTORS®)with)anInternational)Client)in)the)PastYear
!
72% !
64%!
35%
Miami San Diego Nationally
International Market
64%)of)REALTORS®in)San)Diego)HaveWorked)with)anInternational)Clientin)the)Past)Year
SOURCE: National Association of REALTORS® 2014 Profile ofInternational Home Buying Activity
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!
!!INTERNATIONAL REAL ESTATECOLLABORATIVE
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!
!OUROBJECTIVES
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!!Thank You.
!Greater San Diego Association of REALTORS®