JUNE 2023
This month it seems like the buyers are getting used to the higher interest rates. Every listing we put on the market, we receive multiple offers. Statistically year-to-date our median sales price in 92130 is down 12.8% over the same period last year. The inventory of homes for sale is down 32.8% over the same period of time last year. What I’m seeing is because the inventory levels are down, the prices seem to have stabilized because buyers have such limited choices. As of this morning we have 34 single-family homes for sale in the entire 92130 ZIP Code. Prices range between $1,750,000 and $16 million. Our team has three new properties coming on the market in the next 30 days between $900,000 and $3 million. If you or someone you know is still looking for a property in our ZIP Code please give Taylor or myself a call.
MAY 2023
Things really don’t look a lot different than they did in April. As of this morning we only had one single-family home for sale under $2 million in 92130. A total of 27 detached properties for sale in the entire ZIP Code. Those still are unheard of numbers. We have a new property coming on the…
APRIL 2023
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…
MARCH 2023
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…