There were quite a few rumblings yesterday about how April sales were down 9.2% in Southern California, with this justification – from the

“Sales have been far below average for quite a while and there’s little doubt there’s pent-up demand out there. But too many people still aren’t in the mood or in a position to buy,” DataQuick President John Walsh said. “They might be concerned about prices falling more, or can’t qualify for a loan.”

The ivory-tower types keep offering general ideas for the malaise, but around here the demand is strong – there’s just not enough sellers willing to get their price right.

April’s detached sales in North San Diego County Coastal:

Year Sales Avg. $/sf SP:LP DOM
2010 230 $375/sf 96%
2011 232 $373/sf 95%

Buyers are worried about more foreclosures and falling prices, but it’s not stopping them from buying if they can just find the right house, at the right price.

Pin It on Pinterest