I think we have now entered a new phase to this.

These are just my opinions though.

On the Low to mid range homes I think we have entered a classic wall of worry situation.

I have never been a high end home type of guy to tell the truth so would not know what goes on at that level or why anyone would spend 1 Mil+ on a home.

But I guess it is nice to be at the beach etc… but if I can get there in 15 minutes to half hour and put my toes in the sand I figure I can afford the AC the few times I actually need it as well.

I think we have now entered a new phase to this.

These are just my opinions though.

On the Low to mid range homes I think we have entered a classic wall of worry situation.

I have never been a high end home type of guy to tell the truth so would not know what goes on at that level or why anyone would spend 1 Mil+ on a home.

But I guess it is nice to be at the beach etc… but if I can get there in 15 minutes to half hour and put my toes in the sand I figure I can afford the AC the few times I actually need it as well.

As far as the high end goes….

I believe there was a small spring bounce ( a slight rise in the number of pendings) but this is typical. Unlike the low end, the high end has not had a lack of inventory. Quite the opposite. If you look at this web page, the number of sfr’s in La Jolla has steadily grown all spring.

http://www.sdlookup.com/Market-92037-La_Jolla

There were 238 at the beginning of February, and there are now 302 which is down a couple from a week ago. Most of this weeks decline is not houses going pending, simply houses being taken off the market. (Maybe they’ll be back next spring)

What I think we have seen, and will continue to see in the 1M+ market is quite simply a stand off between sellers and buyers. Sellers believe their areas are special, they are immune, meanwhile buyers are fewer and those that are out there want a price that matches today’s market.

Sales numbers are still way below levels of a couple of years ago. Some people are getting very good deals, but occasionally there is a sale that just make you shake your head and wonder why anyone would buy at 2005 prices or higher in today’s market.

As far as the high end goes….

I believe there was a small spring bounce ( a slight rise in the number of pendings) but this is typical. Unlike the low end, the high end has not had a lack of inventory. Quite the opposite. If you look at this web page, the number of sfr’s in La Jolla has steadily grown all spring.

http://www.sdlookup.com/Market-92037-La_Jolla

There were 238 at the beginning of February, and there are now 302 which is down a couple from a week ago. Most of this weeks decline is not houses going pending, simply houses being taken off the market. (Maybe they’ll be back next spring)

What I think we have seen, and will continue to see in the 1M+ market is quite simply a stand off between sellers and buyers. Sellers believe their areas are special, they are immune, meanwhile buyers are fewer and those that are out there want a price that matches today’s market.

Sales numbers are still way below levels of a couple of years ago. Some people are getting very good deals, but occasionally there is a sale that just make you shake your head and wonder why anyone would buy at 2005 prices or higher in today’s market.

As far as the high end goes….

I believe there was a small spring bounce ( a slight rise in the number of pendings) but this is typical. Unlike the low end, the high end has not had a lack of inventory. Quite the opposite. If you look at this web page, the number of sfr’s in La Jolla has steadily grown all spring.

http://www.sdlookup.com/Market-92037-La_Jolla

There were 238 at the beginning of February, and there are now 302 which is down a couple from a week ago. Most of this weeks decline is not houses going pending, simply houses being taken off the market. (Maybe they’ll be back next spring)

What I think we have seen, and will continue to see in the 1M+ market is quite simply a stand off between sellers and buyers. Sellers believe their areas are special, they are immune, meanwhile buyers are fewer and those that are out there want a price that matches today’s market.

Sales numbers are still way below levels of a couple of years ago. Some people are getting very good deals, but occasionally there is a sale that just make you shake your head and wonder why anyone would buy at 2005 prices or higher in today’s market.