Archive for August, 2015

Rental Market in San Diego County

Wednesday, August 26th, 2015


August 26, 2015

It’s hard to believe we are already in the second half of 2015! Over the course of this year, North County Property Group has been watching the rental market closely so we can make the best recommendation on rent rates.  The housing market in general is on the rise in San Diego County. This has resulted in low “for sale” inventory which has in turn kept the rental market alive and healthy as well. Of course, we are all concerned about the recent slide on Wall Street and the global impact of China’s weakening economy. While it is yet to be seen how this may affect real estate markets we have noticed a slight slowing of demand during August due to typical seasonal fluctuation.

At North County Property Group, a property management company, we consider many factors when establishing rent rates. The time of year the home is on the market for rent plays a big role in the rent rate obtained for both long-term and vacation rentals as seasonal periods can cause a fluctuation of supply and demand. Specific location and proximity to the coast also plays a big factor in rent rates in San Diego County. In general, homes West of Interstate 5 command a higher demand and rent rate than homes East of Interstate 5. Certain communities like La Jolla and Del Mar may command higher rent rates than other coastal cities. Recent rental comparatives are also reviewed (active and rented homes) in determining rental rates. We track all of these factors in an effort to stay current on rates for our properties in the North County coastal areas of San Diego.