January 2023 North County Market Reports

Oceanside Market Report January 2023

Here are the Market Reports for January 2023 for 11 North San Diego County communities.

There were a number of changes in our local housing market in January 2023 compared to December 2022. But each community was a little different – in some cases sales were up, in others they were down. Here’s the summary market report for December 2022 for comparison.

The statistics in these market reports are taken from the MLS. The information is believed accurate when these reports were compiled, however, it cannot be guaranteed.

So why should you read market reports? Understanding current and local housing market conditions will benefit you when you have to make buying and selling decisions. Additionally, preparing market reports also helps me to better advise buyers and sellers on their planning and making educated decisions.

Local market conditions affect 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 said in the business that real estate IS local!! You’ve probably heard “Location, Location, Location!” Unfortunately, you cannot believe what you read in the media headlines! Media reports are general, ignore current local conditions, and are not current. That’s not helpful to you as a buyer or seller with important decisions to make.

TO LEARN MORE – Real Estate is Local, but HOW Local?

Each buyer and seller situation is unique. I’m happy to share my insights on what local market conditions can mean for YOUR personal situation, timing, budget, and decision-making. This information can be specific to the market segment that interests you – zip code, neighborhood, price range, size of house.

Market Reports October 2022

MARKET REPORTS

Is the Carlsbad housing market of particular interest? If so, the January 2023 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 find articles about real estate issues, neighborhoods in North County, things to do, and general information.

CLICK on the individual market report links below for the January 2023 statistics for each community. January was fairly busy for buyers, sellers, and agents. And we saw shifts in average prices, inventory, and sales volume from December. However, keep in mind that while there were some general trends, the shifts for each community were different.

Please reach out at (760-840-1360) to discuss your personal housing needs, budget, and real estate decisions you want to make. We’ll also talk about what to expect for buying and selling in this changing market.

In general conditions have improved some for buyers. However, the housing market continues to favor sellers overall, given supply, which remains limited, and demand. There are important issues to consider as a buyer, including planning your offer strategy. Or deciding on list price if you are a seller.

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 plan.

NORTH SAN DIEGO COUNTY MARKET REPORTS

Oceanside Market Report

San Marcos Market Report

Encinitas Market Report

Cardiff by the Sea Market Report

Del Mar Market Report

Solana Beach Market Report

Escondido Market Report

La Jolla Market Report

Rancho Santa Fe Market Report

Vista Market Report

NEXT STEPS FOR SELLERS & BUYERS

Please reach out to me directly or by text at (760) 840-1360 with your questions. You can also email me at JeffDowlerSolutions@gmail.com. I’m happy to have a detailed conversation about your particular real estate situation and goals.

Do you want information about your local housing market, or have specific questions about your area? Let’s talk about it!

Are you 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!

NEED TO GET PRE-APPROVED?

Do you need to get pre-approved for a loan? If it’s helpful I’m happy to share contact information for several lenders I know personally. You can decide who to call. No doubt you 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 evolve and it’s important to know what you can truly afford before touring homes and wanting to make an offer. Besides, who wants to waste time looking at properties that exceed the budget?

Additionally, sellers and their listing agents expect written proof with your offer that you are financially qualified and can close.