We have been measuring the ‘health’ of a market by comparing the actives to pending listings, and figured that a 2:1 ratio was about right. You can click on the ‘Actives/Pendings’ button below (next to date) to see the history.
But it looks like the day has come – that you have to spend at least a million dollars to buy a decent house near the coast:
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Cardiff | |||||
Carlsbad NW | |||||
Carlsbad SE | |||||
Carlsbad NE | |||||
Carlsbad SW | |||||
Del Mar | |||||
Encinitas | |||||
La Jolla | |||||
RSF | |||||
Solana Bch | |||||
Carmel Vly | |||||
All Above |
@JtR
“…that you have to spend at least a million dollars to buy a decent house near the coast.”
Can you clarify or quantify “near”? <10 miles? <5 miles?
Oceanside doesn’t make the Coastal list? Seems like a bubble there. Would you recommend buy or wait in 92054
Waiting makes sense if you think there will be sellers who dump on price.
Banks used to do that, so all you had to do was wait until there were foreclosures stacking up which drove prices down.
But the banks quit foreclosing, and Kamala all but made them illegal.
So you might wait if you think there could be other sellers besides banks that might dump on price – and you only need one. But the greed factor is so ingrained in every homeowner’s mind that it is unlikely that you will find one who will dump, let alone see enough of them do it that general pricing goes down.