Open House Patrol

by | Apr 22, 2017 | Bubbleinfo TV, Jim's Take on the Market, Open House | 6 comments

The inventory is a deserted island.  Houses in SW Carlsbad that we thought were $1,000,000 just 6-9 months ago are now listed for $1,200,000-ish.  What’s worse for buyers is that there is no hope it will change, and now this:

6 Comments

  1. Tom
    Tom on April 22, 2017 at 9:28 pm

    I think the market turned this week. I’m seeing more inventory where I look. I’m seeing more price reductions. I’m seeing houses come on decently priced that aren’t flying off market. I think we will look back in 2 years and see this was the peak month. Downhill from here.

  2. Jim the Realtor
    Jim the Realtor on April 22, 2017 at 10:10 pm

    In the past, it has turned with no notice.

    What is great is that any seller today could dump 10% and sell the next day. And they would still be near-record pricing.

    Will they? Or is Stagnant City upon us?

  3. TR
    TR on April 22, 2017 at 10:35 pm

    Major buy then expensive remodeling being done all around me in SW Carlsbad lately.

  4. Tom
    Tom on April 23, 2017 at 2:10 pm

    There are several price drops of 10% in DM/Solana that hasn’t attracted buyers (yet?)

  5. daytrip
    daytrip on April 23, 2017 at 4:32 pm

    I think price peaks and drops will be like playing whack-a-mole this season. Take out the noise, and it’ll still be heading up. Quality properties will get good prices.

    Likely the only one’s holding off on pulling the trigger are the ones who don’t know where they’ll be living in 5 years or so. They have expectations they want met.

    On the other hand, boomer’s probably want their kids out of the house, or want those stuck in an apartment to quit complaining, and will help with a downpayment, or even buy a house, to get em going. Boomer’s are sitting on a very large pile of money, and as they age, they just want the noise to stop.

    They don’t care as much about the cost of this. “What’s my allotted time left on this earth worth?” will be one Boomer Question of the Year. Another Question will be, “do I want to see my kids happy while I’m alive, or wait until after I’m dead?”

    It’s a different world now, so short-term charts will reflect the bumps, but not the trend, imo.

  6. Erin
    Erin on May 12, 2017 at 3:39 pm

    We’ve had a lot of homes listed in La Costa Valley in the last few weeks. They are priced high and get snapped up within a week it seems.
    We would still like something bigger but with these high prices we’ve put that idea on hold. We are going to remodel the kitchen instead.

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