I just checked in with a stat that I used to follow very closely. The stat is what is going on with the newer (built after 1990) 4BR/3BA 2400 sq ft plus homes in South Carlsbad/Encinitas (i.e. San Dieguito Schools) and last year I used under $850K. These were the kind of homes a well paid professional family would look for when relocated to the area. This year I think we should use under 800K if not 775K (a 5 to 10% decline).
Last year I proclaimed the market would be sticky and that it would be tough to find a decent home because there were only about 10 homes in this category. These are the bread and butter homes that should be easy to find in this area. When we hit February there will be alot of folks looking for homes like this.
Let’s see how many you piggies think are out there today? Post your guesses and NO CHEATIN with Realtor.com, Zip, RedFin etc.
