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Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Carlsbad
(760) 434-5000

Carmel Valley
(858) 560-7700
jim@jimklinge.com


Posted by on May 6, 2013 in Graphs of Market Indicators, Thinking of Buying?, Thinking of Selling?, Why You Should Hire Jim as your Buyer's Agent, Why You Should List With Jim | 0 comments | Print Print

When to Buy / Sell

The recent frenzy has been frustrating for buyers – should you wait-and-see?

The history of the median sales price shows that there is usually some softening around Dec/Jan – that is, up until this year:

US Median Sale Price

The demand feels extremely deep because there are so many lookers and offers – but not everyone is willing to pay these prices.  It is probable that the demand is truly deep at 90% of today’s prices – back where prices used to be.

Will buyers keep stepping up?

Most likely, as long as the list prices stay within reason, and there are few choices.  San Diego inventory is down 1/3 year-over-year, which is given sellers free reign to push list prices higher.

You can see below that sellers might be reaching their ‘jump the shark’ moment, with both the inventory bottoming, and the list prices on the higher-end rocketing skyward (+16% since December):

http://www.deptofnumbers.com/asking-prices/california/san-diego

This is a great time to sell – even better if you have neighbors who have closed for high prices in the last 30 days!

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