In my North County area (South Carlsbad, Encinitas) the market is getting much better for sellers. Not sure why but there’s been more activity in the last month than in the prior 3 months. One item to note is that the new home construction boom in the area is now just about over. This same thing happened in 2002 after La Costa Valley was built out. Prices went nuts for 2 years and then La Costa Oaks startd construction on about 1,000 homes. Those are now just about all sold so the inventory has been greatly reduced although the MLS might not show it because very few of those new homes ever made it on there. There will not be any major new developments in the area (San Elijo Hills is a different school district) so I think prices will not fall too much further if at all.
