This just closed for $1,944,000 cash – buyer only needed a $30,000 discount after 39 days on the market.
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
Long time reader here. Thanks for all the advice. I have to ask ~ who exactly is buying? Locals? Bay Area people? Out of state buyers? It seems every house in north county is selling to cash buyers and we can’t help but feel defeated before we even start looking again.
There have been 140 NSDCC detached-home sales in June (so far), and 37% of those were cash buys – so yes, a fairly dominant trend.
The top agents want to sell their listings to fellow top agents so they don’t have to worry about them closing.
You’ve probably seen the listing agents who only counter the ‘top three’ or who counter only the ‘serious buyers’? It’s their code for insider trading, and excluding others they don’t know.
I can help you if needed.
NSDCC is an area of only haves and have nots now. The middle class is shrinking. I feel your pain Sarah. Stock options, inheritances and home equity have of existing owners are the driving factors. Making $200 to $300k and trying to save 10-20% for a down payment is nearly impossible while renting in San Diego County. It will take nearly a decade to save for a down payment of $200-$300k at that income level. Thus, here come the Bay Area hodads and spoiled next generation New Yorkers with their EV cars, superior attitudes and newly bought foam surf boards.