Low inventory levels continue to be our biggest issue. As of April 13, 2023 in 92130 there are two single-family homes for sale under $2,000,000. Between $2,000,001 and $8,000,000 there are a total of 21 single family homes for sale. To put some perspective on the demand relative to the price we just sold a […]

Statistically we are beginning to feel the brunt of these high mortgage interest rates. 30 year mortgages on jumbo loans were over 5.9% this morning. Our median sales price in 92130 is down 19.3% over a year ago. The days on the market have gone from eight days in February 2022 to 55 days in […]

As of this morning, there were only 20 detached houses for sale under $5 million in the entire 92130 ZIP Code. That’s a very small amount. Properties are remaining on the market a little longer than they have in the past, however, sellers are receiving multiple offers on their property. The higher interest rates seem […]

The real estate market this year has certainly defied all reason. Compared to last year at the same time. Between January 1 and August 31 the median sales price is up 29.06%. And although the news keeps saying there’s not enough inventory, what I think they’re saying is there’s not enough inventory for the increased […]