Here are the July 2023 Market Reports for 11 North San Diego County communities.
There were several changes in our local housing market in July 2023 compared to June. Additionally, housing activity in each community was a little different despite some trends.
The data in these market reports are taken from the MLS. While this information is believed to be accurate when these reports were created, it cannot be guaranteed.
So why read market reports?
If you are a seller or buyer, understanding current local housing market conditions will benefit you when making buying and selling decisions.
In addition, I can better advise buyers and sellers on their real estate planning and making educated decisions as a result of writing these 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 are not current. Media reports and headlines do NOT help buyers and/or sellers with important decisions to make.
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 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 to you? If so, the July 2023 Carlsbad market report is here.
Individual market reports for 10 other North County communities can be 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 July 2023 statistics for each community. July was a fairly busy market for buyers, sellers, and agents. And we saw shifts in average prices, inventory, and sales volume from June. However, keep in mind that while there were several trends, each community was somewhat 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 you can expect when buying and selling in this changing market, and specific questions.
In general, market conditions have improved some for buyers. However, 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.
Are you planning to sell your home AND buy another? There are particular challenges due to timing and coordinating both transactions if this is the plan. One important question is can you buy another home before selling your current one? Also, Where will you go if your home sells quickly?
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 any questions. If you prefer you can also email me at JeffDowlerSolutions@gmail.com. I’m happy to have an honest and detailed conversation with you 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!
Are you planning to buy a new home? I can guide you through the home search and purchase process when the time is right.
Are you curious about what your home may be worth in today’s market? I can help with that, too, just give me a call so I can gather some important information!
NEED A PRE-APPROVAL?
Do you need a pre-approval for a loan or want to know more about what you can afford? If so, I can share contact information for several lenders I know personally. You 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 you need 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.