Even though the inventory of decent buys seems to get more bleak with every passing day, the number of closings have been holding up pretty well around North San Diego County’s Coastal region.
With all the commotion in the stock market, there is sentiment on Wall Street that now is a bad time to sell……stocks.
Don’t let that spill over to decisions about selling real estate around NSDCC – we need inventory!
Detached closed sales between August 1-15:
|Year||# of Sales||Avg $/sf|
For those potential sellers who might think, “maybe I should wait until things pick up a bit”, let’s note that 30-year mortgage rates are now the lowest they have been in 50 years, and that the media will insist on pushing more economic drama. When Europe takes its next tumble, it’ll put a chill in the market here.