Prices are moving up rapidly on the lower-end of each market.

People complain that there is no inventory, but part of the reason is that sellers are pricing much higher. Buyers in the mid-to-higher-end of each market will get a smaller house or yard, but those on the lower-end are quickly getting priced out altogether.

Here are the number of detached homes sold in the last 12 months, and the number of active listings today:

Town and Price Point #Closed last 12 mo. #ACT Listings
Oceanside Under $300K
417
5
Carlsbad Under $600K
445
7
Encinitas Under $700K
186
7
Carmel Vly Under $900K
263
11
La Jolla Under $1.1M
118
10

Where it stops nobody knows, but you can expect the bidding-war intensity to be extremely hot on the lower-ends of each market.

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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