Marti Kilby, CRS

Direct: 619-846-9249 |


Welcome to Crazy Town. A year ago, if you had told me the current rate for a 30-year mortgage today would be 6.7%, I would have called, “Impossible!” But here we are folks. The Feds are apparently ready to throw the real estate market under the bus to curb inflation. Rates this high drastically reduce a buyer’s spending power which was already stretched, and sellers will just have to have a bit of a reality check as the ridiculously high prices from spring and early summer start...

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The San Diego County Recorder’s Office is now offering a new, free service that will help anyone owning property in the county protect the title to their properties. When you sign up for the Recording Notification Service you will be notified by email whenever a document is recorded that is attached to your name and Assessor Parcel Number (APN). So, for instance, if a contractor working on your kitchen remodel files a Mechanic’s Lien, or the IRS files a lien for back taxes, you would be...

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In the wake of rising interest rates in June, many would-be home buyers retreated to the sidelines, hopeful that fewer buyers might result in price reductions. While that might be true in some markets, it is unlikely in San Diego where July single family home prices increased by 9.8% compared to a year ago. The driving force behind the high prices remains inventory – demand in San Diego County still outpaces supply. New listings for July fell by 19.3% year over year and closed sales were down...

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If you’re an average homeowner in San Diego County, the answer could be “yes”. The median annual income in the county was $54,703, and in 2021 the average increase in home value was $160,493! San Diego County saw the nation’s third highest appreciation behind only San Jose and San Francisco.

So, what does that mean? Home equity is the largest source of wealth for most U.S. families, so the spike of the last couple of years has been a financial boon, especially for those selling...

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Fun Facts about San Diego County Wineries

History

  • California wines, now world renowned, got their start over 200 years ago right here in San Diego when the Franciscan priests cultivated grapes at the first California mission, San Diego de Alcala. 
  • Vineyards flourished in the area until devastated by flooding in 1916, followed by WWII and prohibition which collectively wiped out the industry.
  • Wineries didn’t begin a comeback in San Diego County until the early 1990s. From that point forward,...
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My short answer is “No”. Last year saw mortgage interest rates hit historic lows, but this week we are seeing a small increase with the average for a 30-year fixed mortgage at 3.14%. Obviously, higher rates mean you pay more for a home both monthly and in the long term, and in a balanced market this might begin to slow demand. However, inventory is so low it is doubtful rising rates will have a major slowing effect.


As the year progresses interest rates are expected to continue to rise...

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With most homes on the market receiving multiple over asking price offers within days of being listed it is easy to assume that selling your home is a piece of cake. This has some homeowners scratching their heads thinking, “Dang, I can sell this myself and save thousands on commission. Why do I need a Realtor?”


Listing your home for sale by owner means you are willing to manage a transaction worth hundreds of thousands of dollars with no experience. Here’s 5 reasons why that is...

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Congratulations San Diego! You just became the least affordable city in California. Based on income and single-family home prices, San Diego has surpassed Los Angeles and even San Francisco in being unaffordable, according to a study by OJO Labs. So is it possible to buy a home here in America’s Finest City, or does it even make sense?


Let’s do the math.  The average income in the county is a bit over $68,000 and the median home price is $764,000. A 10% down payment would be $76,400...

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In this crazy market where overbidding is a primary buyer strategy, accepting the highest offer might not always be smooth sailing despite an enticing sales price.


One of the most common problems is an appraisal that comes in for less than the contract sales price. Let’s say you accept an offer for $800,000 and the buyer is qualified for an 80% loan. That means he is qualified for a loan of $640,000 with $160,000 down. However, if the property only appraises for $750,000 his loan amount will...

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Happy New Year! I hope this finds you and your loved ones healthy and looking forward to fewer challenges in 2022.


As the current COVID surge continues our hearts go out to the men and women who are fighting for us every day, trying desperately to reign in the virus, cope with present conditions and get life back to “normal”. In respect for their hard work and sacrifices Steele Group Realty is proud to offer home seller commission discounts and home buyer rebates to the following front-line...

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