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Waiting to feel the magic.
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May 12, 2010 at 7:22 PM #549846May 12, 2010 at 9:49 PM #550748
sdrealtor
ParticipantI dont know where you are looking but along the prime coastal areas I dont see it. I’ve been looking in Scripps Ranch and its not there either.
Just checked 92127 and its not there either. Last year you could find houses in the Westwood area in the mid 400’s. Anything on the market under 500K is sold. Havent looked in PQ as much lately but cant imagine its much better there either.
Inventory is as thin as it has ever been. Sure there is some overpriced inventory on the market. There always is. That pretty much comprises most of the inventory thats on the market today. If it wasnt overpriced or impaired in some way it would be in escrow already.
July and August will likley look worse as what is on the market gets picked through and the seasonal/relo buyers come through the market. We could get some more inventory in early June but I wouldnt count on having a field day as a buyer any time soon. Its getting tougher and tougher to find anice house under $900K and even tougher as you move down in price.
May 12, 2010 at 9:49 PM #550471ParticipantI dont know where you are looking but along the prime coastal areas I dont see it. I’ve been looking in Scripps Ranch and its not there either.
Just checked 92127 and its not there either. Last year you could find houses in the Westwood area in the mid 400’s. Anything on the market under 500K is sold. Havent looked in PQ as much lately but cant imagine its much better there either.
Inventory is as thin as it has ever been. Sure there is some overpriced inventory on the market. There always is. That pretty much comprises most of the inventory thats on the market today. If it wasnt overpriced or impaired in some way it would be in escrow already.
July and August will likley look worse as what is on the market gets picked through and the seasonal/relo buyers come through the market. We could get some more inventory in early June but I wouldnt count on having a field day as a buyer any time soon. Its getting tougher and tougher to find anice house under $900K and even tougher as you move down in price.
May 12, 2010 at 9:49 PM #549877ParticipantI dont know where you are looking but along the prime coastal areas I dont see it. I’ve been looking in Scripps Ranch and its not there either.
Just checked 92127 and its not there either. Last year you could find houses in the Westwood area in the mid 400’s. Anything on the market under 500K is sold. Havent looked in PQ as much lately but cant imagine its much better there either.
Inventory is as thin as it has ever been. Sure there is some overpriced inventory on the market. There always is. That pretty much comprises most of the inventory thats on the market today. If it wasnt overpriced or impaired in some way it would be in escrow already.
July and August will likley look worse as what is on the market gets picked through and the seasonal/relo buyers come through the market. We could get some more inventory in early June but I wouldnt count on having a field day as a buyer any time soon. Its getting tougher and tougher to find anice house under $900K and even tougher as you move down in price.
May 12, 2010 at 9:49 PM #550371ParticipantI dont know where you are looking but along the prime coastal areas I dont see it. I’ve been looking in Scripps Ranch and its not there either.
Just checked 92127 and its not there either. Last year you could find houses in the Westwood area in the mid 400’s. Anything on the market under 500K is sold. Havent looked in PQ as much lately but cant imagine its much better there either.
Inventory is as thin as it has ever been. Sure there is some overpriced inventory on the market. There always is. That pretty much comprises most of the inventory thats on the market today. If it wasnt overpriced or impaired in some way it would be in escrow already.
July and August will likley look worse as what is on the market gets picked through and the seasonal/relo buyers come through the market. We could get some more inventory in early June but I wouldnt count on having a field day as a buyer any time soon. Its getting tougher and tougher to find anice house under $900K and even tougher as you move down in price.
May 12, 2010 at 9:49 PM #549767ParticipantI dont know where you are looking but along the prime coastal areas I dont see it. I’ve been looking in Scripps Ranch and its not there either.
Just checked 92127 and its not there either. Last year you could find houses in the Westwood area in the mid 400’s. Anything on the market under 500K is sold. Havent looked in PQ as much lately but cant imagine its much better there either.
Inventory is as thin as it has ever been. Sure there is some overpriced inventory on the market. There always is. That pretty much comprises most of the inventory thats on the market today. If it wasnt overpriced or impaired in some way it would be in escrow already.
July and August will likley look worse as what is on the market gets picked through and the seasonal/relo buyers come through the market. We could get some more inventory in early June but I wouldnt count on having a field day as a buyer any time soon. Its getting tougher and tougher to find anice house under $900K and even tougher as you move down in price.
May 13, 2010 at 4:22 AM #55040634f3f3f
ParticipantI’ve noticed an definite uptick in listings (probably seasonal) in the $800-900k range, in coastal cities such as Santa Barbara, Santa Monica, Laguna Beach, Rancho Palos Verdes, and even a few in La Jolla. Listing to sales seems to hover around the high 90%, and although there are still many price reductions, it may be too early to see changes from the tax credit expiration. It’ll be interesting to see what the summer sales are like. If they are poor, then you’d expect the fall will bring some worthwhile price adjustments, but not in all price ranges, nor in all areas.
May 13, 2010 at 4:22 AM #549802ParticipantI’ve noticed an definite uptick in listings (probably seasonal) in the $800-900k range, in coastal cities such as Santa Barbara, Santa Monica, Laguna Beach, Rancho Palos Verdes, and even a few in La Jolla. Listing to sales seems to hover around the high 90%, and although there are still many price reductions, it may be too early to see changes from the tax credit expiration. It’ll be interesting to see what the summer sales are like. If they are poor, then you’d expect the fall will bring some worthwhile price adjustments, but not in all price ranges, nor in all areas.
May 13, 2010 at 4:22 AM #550506ParticipantI’ve noticed an definite uptick in listings (probably seasonal) in the $800-900k range, in coastal cities such as Santa Barbara, Santa Monica, Laguna Beach, Rancho Palos Verdes, and even a few in La Jolla. Listing to sales seems to hover around the high 90%, and although there are still many price reductions, it may be too early to see changes from the tax credit expiration. It’ll be interesting to see what the summer sales are like. If they are poor, then you’d expect the fall will bring some worthwhile price adjustments, but not in all price ranges, nor in all areas.
May 13, 2010 at 4:22 AM #550783ParticipantI’ve noticed an definite uptick in listings (probably seasonal) in the $800-900k range, in coastal cities such as Santa Barbara, Santa Monica, Laguna Beach, Rancho Palos Verdes, and even a few in La Jolla. Listing to sales seems to hover around the high 90%, and although there are still many price reductions, it may be too early to see changes from the tax credit expiration. It’ll be interesting to see what the summer sales are like. If they are poor, then you’d expect the fall will bring some worthwhile price adjustments, but not in all price ranges, nor in all areas.
May 13, 2010 at 4:22 AM #549913ParticipantI’ve noticed an definite uptick in listings (probably seasonal) in the $800-900k range, in coastal cities such as Santa Barbara, Santa Monica, Laguna Beach, Rancho Palos Verdes, and even a few in La Jolla. Listing to sales seems to hover around the high 90%, and although there are still many price reductions, it may be too early to see changes from the tax credit expiration. It’ll be interesting to see what the summer sales are like. If they are poor, then you’d expect the fall will bring some worthwhile price adjustments, but not in all price ranges, nor in all areas.
May 13, 2010 at 7:59 AM #550437ParticipantDont know how much you can read into sales figures as it all depends upon inventory and pricing. Low sales could simply mean there wasnt enough saleable inventory or there was a stalemate between buyers and sellers who didnt want to or couldnt accept current market prices. At current prices there are plenty of buyers for quality homes.
May 13, 2010 at 7:59 AM #550813ParticipantDont know how much you can read into sales figures as it all depends upon inventory and pricing. Low sales could simply mean there wasnt enough saleable inventory or there was a stalemate between buyers and sellers who didnt want to or couldnt accept current market prices. At current prices there are plenty of buyers for quality homes.
May 13, 2010 at 7:59 AM #550536ParticipantDont know how much you can read into sales figures as it all depends upon inventory and pricing. Low sales could simply mean there wasnt enough saleable inventory or there was a stalemate between buyers and sellers who didnt want to or couldnt accept current market prices. At current prices there are plenty of buyers for quality homes.
May 13, 2010 at 7:59 AM #549832ParticipantDont know how much you can read into sales figures as it all depends upon inventory and pricing. Low sales could simply mean there wasnt enough saleable inventory or there was a stalemate between buyers and sellers who didnt want to or couldnt accept current market prices. At current prices there are plenty of buyers for quality homes.
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