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An Insider's Guide to North San Diego County's Coastal Real Estate
Jim Klinge, broker-associate
858-997-3801
klingerealty@gmail.com
Compass
617 Saxony Place, Suite 101
Encinitas, CA 92024
Klinge Realty
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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 Aug 6, 2018 in Boomer Liquidations, Boomers, Jim's Take on the Market, Market Buzz, North County Coastal | 0 comments | Print Print

Who Is Selling?

Who is selling?

Over the last few years we’ve seen that most home sellers are the long-time owners, and that trend is continuing.

On the left are the years when the sellers purchased the home they sold between July 26 and August 3rd of this year:

Year Purchased
12/12/15
3/19/16
6/18/16
12/13/16
4/3/17
6/30/17
8/5/18
0 – 2003
41%
42%
39%
57%
48%
32%
42%
2004 – 2008
23%
29%
24%
19%
15%
12%
14%
2009 – 2011
15%
11%
13%
6%
7%
14%
12%
2012 – 2018
18%
18%
19%
13%
25%
34%
29%
New Homes
2%
1%
5%
4%
4%
7%
5%

The increasing trend of recent purchasers selling might just be from the additional years in the last category.  It was 2012-2015 when this graph began, and now it covers seven years – almost twice as many.

Are those sellers moving up or down?  Or cashing out?

The younger boomers:

  1. Probably moved up a couple of times, not sitting on family homestead.
  2. Are used to moving more.
  3. Are more physically capable of moving.
  4. Have a little less connection to the neighborhood.
  5. Still have some adventure left in them.

But the younger boomers:

  1. Are more likely to still be working.
  2. Are more likely to still have kids at home.
  3. Are more capable of modifying their home.
  4. Don’t need assisted living.

With long-time owners providing the bulk of the inventory, we should expect older homes for sale that need fixing, or at least some updating. Yet the current trend is for buyers getting more picky, not less.

More stats:

Other
12/12/15
3/19/16
6/18/16
12/13/16
4/3/17
6/30/17
8/5/18
# Sales
125
114
144
112
99
99
102
Avg. $/sf
$505/sf
$552/sf
$550/sf
$529/sf
$481/sf
$532/sf
$558/sf
Median SP
$1.08M
$1.129M
$1.291M
$1.274M
$1.11M
$1.25M
$1.34M
Avg DOM
60
38
42
54
43
52
36
0-10 DOM
24%
32%
35%
28%
45%
42%
31%
Lost $$
11
3
7
7
0
1
2
DOM = 0
5
8
7
2
4
3
8

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