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The stats from the first ten months of the year looked good.

How do the last couple of months compare to previous years?

Are we reaching the buyer-exhaustion stage, where the inventory is so picked over that sales are suffering?

September-October Detached-Home Sales, La Jolla to Carlsbad:

Year
# of Sales
Median Sales Price
Avg DOM
2011
414
$820,500
84
2012
586
$799,851
73
2013
529
$1,000,000
55
2014
480
$1,022,500
55
2015
460
$1,075,000
46

The buyers have been remarkably resilient, and if there were more higher-quality homes for sale at reasonable prices, I think sales would be even higher. When is a good time to sell? When everyone else isn’t!

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