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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (21534)	6/11/2004 10:28:10 AM
From: q_long	Read Replies (1) \| Respond to of 306849

I was recently shopping San Diego Real Estate and needed 2500+ sf so could only afford San Marcos / Oceanside where at $700k i would get a track home on a postage stamp lot and commute 1 1/2 hours. I refused to reduce the quality of my life and downsize my home. I looked at a 2600 SF home w/ pool in Delmar Heights 4 years ago at 525 K and thought that was high now at 1.5 Mill shoulda coulda. here is an interesting report from a North County Realtor saying it is now a buyers market in carmel valley Carmel Valley / East Del Mar as it is often called, is currently experiencing a "HOT" market, but the number of new listings coming on the market is now exceeding demand, and it is effecting prices. From 5/9/04 to 6/6/04 179 homes came on the market, compared with 123 in the previous month. 100 homes went into escrow in the past 4 weeks, compared to 88 in the previous month. There are currently 190 homes on the market, compared to 104, in the previous month, and 61 the month before that. Things are still selling well, but with more than 3 times the number of homes on the market it's going to take a little longer to sell, and the prices will be effected as well. realtor.com