To illustrate the challenges of the market for buyers right here and right now…
Please look at Richs posting for the January resale numbers. In particular look at the months inventory. It is HALF of what it was this time last year. HALF! That is a non trivial movement. I have been making calls on behalf of clients today for a few homes. Here are the results.
Home in Penasquitos. On the market about a week. 8 offers.
Home in 4S Ranch. Short sale and they have offers into the lender and are only taking backups.
2nd home in 4S Ranch on the market less then a week. 6 offers already.
Home in Torrey Highlands, short sale two offers but are still accepting offers.
Home in college area, been on the market less then a week and has 6 offers on it.
Home in Mira Mesa been on the market less then 5 days. Yesterday there were no offers. Today there are “several” according to the listing agent.
