In early April I opined we likely wouldnt reach 100 houses on the market. We are close to the peak inventory season and not close.
New 16 (15) –
Pending 25 (20) –
Thats -9
Closed 12 (16) –
Total houses on the market 78 (121) with a median of 2.4M (1.995M). Two years ago 74 with median of $1.887M
Its crazy to think it was only a year or two ago that we were talking about the end of homes under $1m in this NCC market. Now its not easy getting a good one under $1.5M.
Carlsbad is a beach town in Coastal North County San Diego with a population of about 120,000. It is renowned for its world class beaches frequented by locals and visitors who spend weeks if not months visiting. It has a growing base of large tech, life science, golf/leisure industry employers, the busiest Costco in the country, great schools, multiple 5* resorts and is the kind of place glamorized in Hollywood. Former local economist tells us Carlsbad is going downhill with residents and businesses fleeing. There are 78 single family homes for sale here
Saint George is town in Southwestern Utah with a population of about 100,000. It is surrounded by world famous canyons people travel the globe to see and visit for 1 to 3 days. Hollywood is not aware of St George. The largest employers are a slaughterhouse, a university I couldnt name and a building industry building far beyond current demand. Former local economist tells us its a boom town with Carlsbad residents flocking there. When I search Redfin for houses in St George I get 795 houses are on the market.
For the non-economist readers 795 is more than 78.
It seems they are anticipating a rather large flock. Maybe someone should remind them there was a show named Baywatch glamorizing life on the SoCal beaches. For those unaware, there has never been nor any discussion of a Canyon Watch.
