Here are the Market Reports for December 2022 for 11 North San Diego County communities.
There were a number of changes in our local housing market in December 2022 compared to November. But each community was a little different.
The statistics in these market reports are derived from the MLS. These data are believed accurate when these reports were compiled, however, the information is not guaranteed.
Understanding current and local housing market conditions will benefit you when making buying and selling decisions. Additionally, preparing market reports also helps me to better guide buyers and sellers with their planning and making educated decisions.
Local market conditions impact buying and selling due to supply and demand. Supply and demand impact time on the market, buyer competition, and sales prices versus list prices.
It’s often said that real estate IS local!! You likely have heard “Location, Location, Location!” As a result you cannot believe what you read in the media headlines! The media reports are too general, ignore current local conditions, and are commonly not up to date. How can THAT be helpful to you as a buyer or seller with important decisions to make?!
READ MORE – Real Estate is Local, but HOW Local?
Each buyer and seller situation is unique. I’m happy to share insights on what local market conditions mean for YOUR personal situation, timing, budget, and decision-making. This information can be specific to the market segment that’s of interest – zip code, neighborhood, price range, size of house.
Is the Carlsbad housing market of particular interest to you? If so, the December 2022 Carlsbad market report is here.
The individual market reports for 10 other North County communities are shared on my ActiveRain blog. You can view them here (links to my ActiveRain blog home page) OR SEE LINKS BELOW. You’ll also find articles there about real estate issues, North County neighborhoods, things to do, and general information.
CLICK on the individual market report links below for the December 2022 statistics for each community. December was fairly busy for buyers, sellers, and agents despite the holidays. And we saw shifts in average prices, inventory, and sales volume from November. However, keep in mind that while there were some general trends, the market for each community was different.
Please reach out at (760-840-1360) to discuss your personal housing needs, budget, and real estate decisions you hope to make. We’ll also talk about reasonable expectations for buying and selling in this changing market.
In general things have improved for buyers, other than interest rates. However, the housing market continues to favor sellers overall, given the supply and demand. There are important issues to consider as a buyer, including planning your offer strategy. Or deciding on list price if you are selling.
Are you planning to sell your home and buy another? There are particular challenges due to timing and coordinating both transactions if this is your hope.
NORTH SAN DIEGO COUNTY MARKET REPORTS
Cardiff by the Sea Market Report
NEXT STEPS FOR SELLERS & BUYERS
Please reach out directly or by text at (760) 840-1360 with any questions. You can also email me at JeffDowlerSolutions@gmail.com. I’m happy to have a detailed conversation about your personal real estate situation and your goals.
Do you want information about your local housing market, or have specific questions about your area? Let’s talk about the market!
Planning to buy a home? I can guide you through the home search and purchase process.
Are you curious about what your home may be worth in today’s market? I can help with that information, too. Just ask me!
NEED TO GET PRE-APPROVED?
Do you need to get pre-approved for a loan? If so, I’m happy to share contact information for several lenders I know personally. You can decide who to call. You probably know a pre-approval for a loan is critical, unless you have cash (and many people don’t).
Furthermore, a pre-approval helps you understand your purchasing power. The market continues to shift and it’s important to know what you can truly afford before touring homes and making an offer. Who wants to waste time looking at properties that are outside the budget?
Additionally, sellers and listing agents expect written proof with your offer that you are financially qualified and can close.