The cheerleaders have been saying that the fewer sales this year are being caused by less inventory. Is that the case?
Looking at the detached-homes between La Jolla and Carlsbad, the number of houses being listed in 2018 looks about the same as in previous years. But those priced under a million are dropping like a rock.
NSDCC Detached-Homes Listed Between Jan 1 and May 31
- How many realtors can improve their game and adjust to working the higher-end market, when that’s all that’s left?
- How will discount brokerages (low cost, low service) succeed in an high-end environment with dozens or hundreds of competing homes for sale?
- Will the ibuyers venture into the higher-end market? (companies who do a quick-purchase of your home for cash and resell for a profit)
Home sellers and buyers should take into account how adept their realtors and service providers are at handling different price points.