Here are the Market Reports for February 2023 for 11 North San Diego County communities.
There were a number of changes in our local housing market in February 2023 compared to January 2023. Additionally, each community was a little different in terms of their housing market. Here’s the summary market report for January 2023 for comparison.
The statistics in these market reports are from the MLS. While this information is believed accurate when these reports were compiled, it cannot be guaranteed.
If you are a buyer or seller, why should you read market reports? Understanding current and local housing market conditions benefits you when you making 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 impact buying and selling due to supply and demand. Supply and demand affect time on the market, buyer competition, and sales prices versus list prices.
It’s said in the real estate business that real estate IS local!! You’ve probably heard “Location, Location, Location!” Sadly, you cannot believe what you read in the media headlines! Media reports are general, ignore existing local conditions, and are not up-to-date. These media reports 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 seller and buyer 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
Is the Carlsbad housing market of particular interest? If so, the Febuary 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 THE INDIVIDUAL LINKS BELOW. You’ll also 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 February 2023 statistics for each community. February was fairly busy for buyers, sellers, and agents. And we saw shifts in average prices, inventory, and sales volume from January. However, keep in mind that while there were some 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 can also talk about what to expect for buying and selling in this changing market.
In general market conditions have improved somewhat for buyers. However, the housing market continues to favor sellers overall, given supply, which remains limited, and buyer demand. There are important issues to consider as a buyer, including planning your offer strategy. And deciding on list price if you are selling is a key decision.
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
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 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 home? If so 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 assist with that information, too. Just ask me!
NEED TO GET PRE-APPROVED?
Do you need to get pre-approved for a loan? If it’s helpful I can share contact information for several lenders I know personally. You can decide who to call. No doubt you are aware a pre-approval for a loan is critical, unless you have cash (and many people don’t).
Moreover, 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 making an offer. Furthermore, why 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.