In the last 30 seconds the list price of this house is mentioned, $1,250,000, and that 70% of the houses for sale today between La Jolla and Carlsbad are priced OVER $1,000,000 – averaging $744/sf! There are 293 houses for sale under $1 million, but there is a typo on the video – their list prices are averaging $342/sf:
Klinge Realty Group
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- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024
- (858) 997-3801 call or text
CA DRE #01527365, CA DRE #00873197
I'm Jim Klinge, local broker affiliated with Compass. Most tweets are from my blog https://t.co/L9m2r9DMMM regarding North San Diego coastal market. CA DRE #00873197
Powell said in the beginning that he didn't know what would happen. Let's pause here and see if it's enough! Because he has killed the real estate market already.
New post (Inventory Watch) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2022/10/03/inventory-watch-374/
The median home price reports in the press are going to start reporting more of a price decline than is actually occurring on most homes in an area, due to a shift in sales volume toward smaller, lower-priced homes.
Case Shiller and our Burns Home Value Index correct for this.