The real estate inventory continues to be low. Over the past 30 years I have been selling real estate in 92130 and I have never seen such a low inventory, especially relative to the number of buyers. My recent listings between $700,000 and $2,600,000 are all getting multiple offers. We recently held an open house on a property I listed at 4111 Sturgeon Court for $1,199,000. We had 89 groups come through the open house in two hours. We ended up having over eight offers on this property and we closed escrow to an all cash buyer for $1,251,888. If you’re thinking of selling or buying in the next 6 to 12 months please give me a call.
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