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

Jim Klinge
Cell/Text: (858) 997-3801
klingerealty@gmail.com
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011


Posted by on Jun 13, 2018 in Jim's Take on the Market, Realtor, Why You Should Hire Jim as your Buyer's Agent, Why You Should List With Jim | 0 comments | Print Print

NSDCC Disappearing Market: Under-$1M

The cheerleaders have been saying that the fewer sales this year are being caused by less inventory.  Is that the case?

Looking at the detached-homes between La Jolla and Carlsbad, the number of houses being listed in 2018 looks about the same as in previous years.  But those priced under a million are dropping like a rock.

NSDCC Detached-Homes Listed Between Jan 1 and May 31

Year
Total New Listings
Those Listed Under $1M
2013
2,312
1,044
2014
2,244
865
2015
2,332
822
2016
2,480
697
2017
2,283
590
2018
2,211
433

Questions:

  1. How many realtors can improve their game and adjust to working the higher-end market, when that’s all that’s left?
  2. How will discount brokerages (low cost, low service) succeed in an high-end environment with dozens or hundreds of competing homes for sale?
  3. Will the ibuyers venture into the higher-end market? (companies who do a quick-purchase of your home for cash and resell for a profit)

Home sellers and buyers should take into account how adept their realtors and service providers are at handling different price points.

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