I have been getting MLS listing for few selective
areas in San Diego for while and noticed a huge
number of new listing in past couple of days. It
used to be 5 listing per area ( Carmel Valley, Del
Mar, RB, … ). But in past couple of days it
increased to 20 to 30 new listing. I am not
sure if this is related to ARM resetting or rush to
exit. But if this continues, we will pass previous
record ~20k by mid summer. Did you noticed the same
up surge or this is only related to my search
criteria ?
Its the seasonal inventory surge we typically see this time of year. Not unexpected at all as families looking to move over the Summer throw their home into the mix.
Its the seasonal inventory surge we typically see this time of year. Not unexpected at all as families looking to move over the Summer throw their home into the mix.
A lot of schools let out this week, if you have kids it’s a pain to move during the school year, that is why there is always an uptick at the beginning of the academic summer. Usually the buyers come out now too, if they don’t the end of the summer will be very interesting.
A lot of schools let out this week, if you have kids it’s a pain to move during the school year, that is why there is always an uptick at the beginning of the academic summer. Usually the buyers come out now too, if they don’t the end of the summer will be very interesting.
If I want to move during the summer, I would put my house on the market in May & start house-hunting in May b/c if you add the time to find a buyer & the time to find a house & close escrow, it can easily take 3 months or more.
So, shouldn’t the “seasonal inventory surge” occur in May ? Am I missing something here ?
If I want to move during the summer, I would put my house on the market in May & start house-hunting in May b/c if you add the time to find a buyer & the time to find a house & close escrow, it can easily take 3 months or more.
So, shouldn’t the “seasonal inventory surge” occur in May ? Am I missing something here ?
I don’t think you’re missing something, I just think most people don’t think it through that carefully. They just know that the kids are out of school, so “now’s a good time” to start the process.
I don’t think you’re missing something, I just think most people don’t think it through that carefully. They just know that the kids are out of school, so “now’s a good time” to start the process.
I’ll go one further. I’d get the house on the market no later than Mid-April and preferably mid-Febraury. Get it sold and spend a couple months in a short term beach rental which is easy to find in Winter/Spring.
I’ll go one further. I’d get the house on the market no later than Mid-April and preferably mid-Febraury. Get it sold and spend a couple months in a short term beach rental which is easy to find in Winter/Spring.
I could not agree more. Traditionally the months with the highest number of recorded sales are April, May and June. So if you take market time and escrow period into account, this implies you want to be on the market by mid February.
I could not agree more. Traditionally the months with the highest number of recorded sales are April, May and June. So if you take market time and escrow period into account, this implies you want to be on the market by mid February.
Empty properties, maybe a bit off the topic but this question came to my mind all of a sudden as we discuss. I have noticed that there are many properties on sale that are empty. How come homeowners are willing to wait with their empty houses for sale rather than to reduce their price a little bit to sell the properties more quickly. Is that the way to do business, or are they really rich?
Empty properties, maybe a bit off the topic but this question came to my mind all of a sudden as we discuss. I have noticed that there are many properties on sale that are empty. How come homeowners are willing to wait with their empty houses for sale rather than to reduce their price a little bit to sell the properties more quickly. Is that the way to do business, or are they really rich?
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