Here are the Market Reports for October 2022 for 11 North San Diego County communities. And here’s the same summary market report for September in North County in case you missed it.
There were a number of changes in our local housing market in October 2022 compared to September, but each community was a little different.
The statistics in these market reports are taken from the MLS. The data are believed to be accurate when these reports were compiled, however, the information is not guaranteed.
Understanding current and local housing market conditions benefits you when you are making buying and selling decisions. Additionally, preparing market reports enables me to better guide and assist buyers and sellers with their planning and making educated decisions.
Local market conditions impact buying and selling because of supply and demand. Supply and demand affect time on the market, competition, and sales prices as compared to list prices.
It’s often said that real estate IS local!! You know this as Location, Location, Location! Thus you cannot believe what you see in the media headlines! Media reports are far too general, ignore current local conditions, and are typically not up to date. How can THAT be helpful to you as a buyer or seller?!
READ MORE – Real Estate is Local, but HOW Local?
Each seller and buyer situation is unique. I’m happy to share insights on what the local market conditions mean for YOUR particular situation, timing, budget, and decision-making. This information can be specific to the market segment that’s of interest – zip code, neighborhood, size of house, price range.
Is the Carlsbad housing market of particular interest to you? If so, the October 2022 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 also find articles about real estate matters, North County neighborhoods, things to do, and general information.
CLICK on the individual market report links below for the October 2022 statistics for each community. October was fairly busy for buyers, sellers, and agents. And there were shifts in average prices, inventory, and sales volume from September. However, keep in mind that while there were some general trends, the market for each community was 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 reasonable expectations for buying and selling in this shifting market and this time of year
Things have improved for buyers, other than interest rates. However, the housing market continues to favor sellers overall given the supply and demand. There are important issues to consider, including planning your offer strategy, or deciding on list price if you are selling.
Are you planning to sell and also buy? 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 BUYERS & SELLERS
Please reach out directly or by text at (760) 840-1360 with any questions. If you prefer, you can email me at JeffDowlerSolutions@gmail.com. I’m happy to have a detailed conversation about your personal real estate circumstances and goals.
Do you want information about your local housing market, or have specific questions about your area? Let’s talk about the market!
If you plan to buy a home I can guide you through the home search and purchase process.
Are you interested in 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 so, I’m happy to share contact information for several lenders I know personally. You can decide who to call. You likely are aware a pre-approval for a loan is essential, unless you have cash (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 truly afford before touring properties and making an offer.
Furthermore, sellers and listing agents will expect written proof you are financially qualified with your offer.