Im still here and I still run my numbers each week but have been too busy to post them. I actually just ran them and was texting back and forth with AN about them.
The two areas I have been following for years are starting to diverge a bit. Mira Mesa has been remarkably strong. Inventory climbed just a bit but is now declining again. Prices are rising at a decent clip this year. Flippers are doing well there and market seems very strong up to 1.2 with some nice properties selling above that. 3 Roots resales are slowly coming on the market. I beleive MM is in a great spot and has room to grow as it continues gentrifying.
Up along the NCC inventory is building especially in Encinitas. I dont think I have ever seen more prime older properties on the market. Prices are very high as it has become a bit of a glamour town. There are more homes for sale in 92024 than 92009/92011 combined by a good margin. There are a bunch of older homes on the market that were owned for decades. I think we are seeing a bit of boomer liquidation combined with Prop19 eliminating the ability to pass a prime free and clear beach property down to heirs with the old tax basis. The two Carlsbad zips have a bit more inventory also but nothing like Encinitas.
