Here is something I am beginning to see more and more of:
I see a lot of carefully staged homes with no obvious signs of life or completely vacant homes. Most of these homes I know have been (or are) on the market but there aren’t any For Sale signs. I know of a couple of homes that had signs a few months but don’t anymore and yet they remain empty or still staged.
Just some random anectodal observations as I walk my neighborhood.
Is the owner waiting to relist? The 2 homes that were my competition in winter 05-06 are withdrawn from the market. One was listed 3 times, I think. It’s the house on Crestline in Poway.
Is the house vacant because the owner left town, part of the population exodus I keep mentioning, or is it owned by an investor whose renter moved out or was asked to leave so the home could be sold?
The one thing that isn’t talked about enough is the exodus of people leaving SD. Not leaving CA, but SD. With 44,000 people leaving the year ending June 05, would that be around 15,000 households vacated every year? Remember when people were coming here at the rate of 50,0000 per year? Now they are leaving at 50,000 per year. This creates rental and house vacancies.
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