Here are the August 2023 Market Reports for 11 North San Diego County communities.
There were several changes in our local housing market in August 2023 compared to July. Additionally, housing activity in each community was a little different despite evidence of some trends.
The data in these market reports are found in the MLS. While this information is believed to be accurate when these reports were created, it’s not guaranteed.
So why should you read market reports?
If you are buying or selling, understanding current local housing market conditions will benefit you when making important decisions.
In addition, I can better advise buyers and sellers on their real estate planning and making educated decisions as a result of writing market reports.
Local market conditions have a big impact on selling and buying because of supply and demand. Supply and demand affect marketing time, buyer competition, and sales prices versus list prices.
It’s commonly said in the real estate business that real estate IS local!! And I suspect you’ve heard “Location, Location, Location!” Unfortunately, you cannot believe what you read in the media headlines! Media reports are generalized, ignore local market conditions, and generally up-to-date. Media reports and headlines do NOT help buyers and/or sellers make important decisions.
READ MORE ABOUT THIS ISSUE – 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 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
Is the Carlsbad housing market of particular interest to you? If so, the August 2023 Carlsbad market report is here.
Individual market reports for 10 other North County communities are found on my ActiveRain blog. You can view them here (links to my ActiveRain blog home page) OR SEE THE INDIVIDUAL LINKS BELOW. You’ll also find articles on my AR blog about real estate issues, North County neighborhoods, things to do, and general information.
CLICK on the individual market report links below for the August 2023 statistics for each community. August was a fairly busy market for buyers, sellers, and agents. And we saw shifts in average prices, inventory, and sales volume from July. However, while there were several trends in sales and inventory, each community was somewhat different.
Please reach out at (760-840-1360) to discuss your particular housing needs, budget, and real estate decisions you hope to make. We can also talk about what to expect when buying and selling in this changing market, and your specific questions.
The housing market continues to favor sellers overall, given supply which remains limited, and continued buyer demand. There are plenty of important issues to consider as a buyer, including planning your offer strategy so you can be successful
And if you are selling, deciding on the appropriate list price in this market is an important decision to make.
Are you planning to sell your home AND buy another? There are some challenges due to timing and coordinating both transactions if this is your plan. One important question is are you able buy another home before selling your current one? Also, think about where will you go if your home sells quickly. We can discuss your options.
NORTH SAN DIEGO COUNTY MARKET REPORTS
Cardiff by the Sea Market Report
NEXT STEPS FOR BUYERS & SELLERS
Please reach out directly to me or by text at (760) 840-1360 with your questions. If you prefer you may email me at JeffDowlerSolutions@gmail.com. I’m happy to have an honest and detailed conversation about your personal real estate situation and goals.
Would you like information about your local housing market, or do you have specific questions about your area? Let’s talk about it!
Are you planning to buy a new home? I can guide you through the home search and purchase process when the time is right for you.
Are you curious about what your home may be worth in today’s market? I can help there, too, just give me a call so I can gather some important information about your home!
NEED A PRE-APPROVAL?
Do you need a pre-approval for a loan and want to know more about what you can afford? If so, I can share contact information for several lenders I know personally. You can decide who to call and who you wish to work with. I’m sure you are aware that a pre-approval for a loan is critical, unless you have cash (and many people don’t).
Furthermore, a pre-approval will help you understand your purchasing power. The market continues to shift and it’s important to know what you can afford before touring homes and making an offer. Moreover, why spend time looking at properties that exceed your budget?
Lastly, sellers and listing agents will want written proof with your offer that you are financially qualified and can close.