Its official folks . . . SD RE YOY inventory is now shrinking.

[SD Realtor]

CA Renter, I entirely agree with your post, especially the part about not having the safety nets for retirement that previous generations have had. Again, each rental experience differs for each person.

Schizo everyone reads posts with thier own built in biases right? I viewed your post here as yet another presentation of data with a supporting argument.

This will be an interesting summer!

SD Realtor

[sdrealtor]

While we are not at a bottom there is a possibility we are approaching one in certain parts of the county. In Mira Mesa, homes under $400,000 are getting absolutely pummled with offers. A colleague of mine has a couple in escrow and she said she had to compete with 10+ offers on each of them. Another colleague of mine has listings there and said that piles of offers are coming in with substantial down payments ranging from 20% to All Cash. Most of the listings are REO’s or short sales. There seems to be more able and willing buyers than sellers in that market.

Under 400K there are currently 65 in escrow and only 82 actives. Many of these actives are short sales with offers on them pending lender approval, so there is effectively more in escrow than on the market.

To the contrary, North County Coastal is frozen in a stand off with limited distress sales, sellers refusing to meet the market and very low sales volumes.

It pretty much goes ot show that all real estate is local.

[sdrealtor]

While we are not at a bottom there is a possibility we are approaching one in certain parts of the county. In Mira Mesa, homes under $400,000 are getting absolutely pummled with offers. A colleague of mine has a couple in escrow and she said she had to compete with 10+ offers on each of them. Another colleague of mine has listings there and said that piles of offers are coming in with substantial down payments ranging from 20% to All Cash. Most of the listings are REO’s or short sales. There seems to be more able and willing buyers than sellers in that market.

Under 400K there are currently 65 in escrow and only 82 actives. Many of these actives are short sales with offers on them pending lender approval, so there is effectively more in escrow than on the market.

To the contrary, North County Coastal is frozen in a stand off with limited distress sales, sellers refusing to meet the market and very low sales volumes.

It pretty much goes ot show that all real estate is local.

[sdrealtor]

While we are not at a bottom there is a possibility we are approaching one in certain parts of the county. In Mira Mesa, homes under $400,000 are getting absolutely pummled with offers. A colleague of mine has a couple in escrow and she said she had to compete with 10+ offers on each of them. Another colleague of mine has listings there and said that piles of offers are coming in with substantial down payments ranging from 20% to All Cash. Most of the listings are REO’s or short sales. There seems to be more able and willing buyers than sellers in that market.

Under 400K there are currently 65 in escrow and only 82 actives. Many of these actives are short sales with offers on them pending lender approval, so there is effectively more in escrow than on the market.

To the contrary, North County Coastal is frozen in a stand off with limited distress sales, sellers refusing to meet the market and very low sales volumes.

It pretty much goes ot show that all real estate is local.

[sdrealtor]

While we are not at a bottom there is a possibility we are approaching one in certain parts of the county. In Mira Mesa, homes under $400,000 are getting absolutely pummled with offers. A colleague of mine has a couple in escrow and she said she had to compete with 10+ offers on each of them. Another colleague of mine has listings there and said that piles of offers are coming in with substantial down payments ranging from 20% to All Cash. Most of the listings are REO’s or short sales. There seems to be more able and willing buyers than sellers in that market.

Under 400K there are currently 65 in escrow and only 82 actives. Many of these actives are short sales with offers on them pending lender approval, so there is effectively more in escrow than on the market.

To the contrary, North County Coastal is frozen in a stand off with limited distress sales, sellers refusing to meet the market and very low sales volumes.

It pretty much goes ot show that all real estate is local.

[sdrealtor]

While we are not at a bottom there is a possibility we are approaching one in certain parts of the county. In Mira Mesa, homes under $400,000 are getting absolutely pummled with offers. A colleague of mine has a couple in escrow and she said she had to compete with 10+ offers on each of them. Another colleague of mine has listings there and said that piles of offers are coming in with substantial down payments ranging from 20% to All Cash. Most of the listings are REO’s or short sales. There seems to be more able and willing buyers than sellers in that market.

Under 400K there are currently 65 in escrow and only 82 actives. Many of these actives are short sales with offers on them pending lender approval, so there is effectively more in escrow than on the market.

To the contrary, North County Coastal is frozen in a stand off with limited distress sales, sellers refusing to meet the market and very low sales volumes.

It pretty much goes ot show that all real estate is local.

[nostradamus]

sdrealtor I would imagine that those are investment purchases. If tons of investors jump in now, what affect do you suppose this will have on the rental market?

Is there a graph somewhere showing historical housing prices overlaid with rental prices? I want to see if housing peaks were followed by rental peaks or rental valleys. Itokuda published something similar once, I recall.

[nostradamus]

sdrealtor I would imagine that those are investment purchases. If tons of investors jump in now, what affect do you suppose this will have on the rental market?

Is there a graph somewhere showing historical housing prices overlaid with rental prices? I want to see if housing peaks were followed by rental peaks or rental valleys. Itokuda published something similar once, I recall.

[nostradamus]

sdrealtor I would imagine that those are investment purchases. If tons of investors jump in now, what affect do you suppose this will have on the rental market?

Is there a graph somewhere showing historical housing prices overlaid with rental prices? I want to see if housing peaks were followed by rental peaks or rental valleys. Itokuda published something similar once, I recall.

[nostradamus]

sdrealtor I would imagine that those are investment purchases. If tons of investors jump in now, what affect do you suppose this will have on the rental market?

Is there a graph somewhere showing historical housing prices overlaid with rental prices? I want to see if housing peaks were followed by rental peaks or rental valleys. Itokuda published something similar once, I recall.

[nostradamus]

sdrealtor I would imagine that those are investment purchases. If tons of investors jump in now, what affect do you suppose this will have on the rental market?

Is there a graph somewhere showing historical housing prices overlaid with rental prices? I want to see if housing peaks were followed by rental peaks or rental valleys. Itokuda published something similar once, I recall.

[sdrealtor]

They arent all investors. In fact, most are not investors.

[sdrealtor]

They arent all investors. In fact, most are not investors.

[sdrealtor]

They arent all investors. In fact, most are not investors.

[sdrealtor]

They arent all investors. In fact, most are not investors.

[Author]

Posts