How is the fourth quarter rolling out?
Are sellers feeling pressured to lower their price? Are buyers stepping up?
Here are the pricing trends in our local areas:
SE Carlsbad – List and sales pricing converging should cause an active 4th quarter – unless buyers decide to wait-and-see where this is going:
Encinitas – An example of what can happen when pricing converges here, where buyers backed off starting in April. But sellers are proud, and heck, it’s only money:
Rancho Santa Fe – This is how they roll in the Ranch – put a price on it, and wait for someone to come along. It results in a meandering trend:
Carmel Valley – Stunning to see average list pricing in decline since April – but it’s been working. It keeps the sales momentum rolling:
La Jolla – List pricing took off in the beginning of 2013, but buyers cooled off for a full year before coming back around in 2014, price-wise: