Here are the December 2023 Market Reports for 11 North San Diego County communities.
There were several changes in our local housing market in December 2023 compared to November. Furthermore, housing activity in each community was a little different despite evidence of 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 what is the value of reading market reports?
If you are buying or selling, understanding current local housing market conditions will benefit you when making important real estate decisions.
In addition, writing market reports helps me better advise buyers and sellers on their planning and making informed decisions.
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 often said in the real estate world that real estate IS local!! And no doubt 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 are not current. 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?
Every seller and buyer 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 will be specific to the market segment that interests you – zip code, neighborhood, price range, size of house.
Is the Carlsbad housing market of particular interest to you? If so, the December 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 December 2023 statistics for each community. December was a quieter market for buyers, sellers, and agents due to the holidays. And we saw shifts in average prices, inventory, and sales volume from November. However, while there were several trends in sales and inventory, each community was somewhat different.
Please reach out at (760-840-1360) so we can discuss the particular housing needs, budget, and real estate decisions you want to make. We can also talk about what to expect when buying and selling in this shifting market, and 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 a key 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 the options you have.
NORTH SAN DIEGO COUNTY MARKET REPORTS
NEXT STEPS FOR BUYERS & SELLERS
Please reach out directly or by text at (760) 840-1360 with questions. If you prefer email me at JeffDowlerSolutions@gmail.com. I’m happy to have an honest and in-depth 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 these!
Are you planning to buy a new home? I will guide you through the home search and purchase process when the time is right for you.
Are you curious about the value of your home in today’s market? I can help there, too. Just give me a call so I can gather some important information about your home first!
NEED A PRE-APPROVAL?
Do you need a pre-approval for a loan and need to know 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 let you know your purchasing power. The market continues to change and it’s important to understand what you can afford before touring homes and making an offer. Moreover, why would you spend time considering properties that exceed your budget?
Lastly, sellers and listing agents will require written proof with your offer that you are a financially qualified buyer and can close the transaction. It’s reassurance for all parties involved!