Potential for Squishdown
Posted By Jim the Realtor On January 27, 2012 @ 6:41 am In Market Conditions,North County Coastal | 4 Comments
Where are the most stubborn sellers, price-wise?
NSDCCÂ active detached listings by price range:
| Actives | 0-$700K | $701-$1.2 | $1,200,000+ |
| # of listings | |||
| LP Avg $/sf | |||
| Avg. DOM |
Last year there were 646 closings over $1,200,000, at an average of $541/sf, which sounds miraculous in and of itself.
But there are more listings priced OVER $1,200,000, then there are under!
Can the upper-enders hold out long enough? Will they adjust their price, and if so, when?
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