Altos Market Reports
The market reports continue to demonstrate the strengthening of the Residential Real Estate Market.
Yesterday we posted the Prudential California Realty Market Trend Reports. And like the Altos Reports, the trend is that the prices are steadily rising while the inventory is shrinking. When you couple these conditions with the extremely low cost to borrow money, the market gets stronger.
Here is a Quick Trend View for Carlsbad:
1) Median Price – Moving up
2) Price per square foot – Moving up
3) Average days on the market – Moving Down
4) Inventory of Properties Listed – Moving Down
The Carlsbad Median Price trend line both 7-day average and 90-day average has moved up about $100,000 since hitting the 5 year low established in the December 2011 – January 2012 date range. Encinitas, Solana Beach, Del Mar and Rancho Santa Fe have also experienced notable increases in the Median Price since the first of the year.
We are still in a buyer’s market and at the same time, the trend is moving toward to switch to a seller’s market.
It is extremely important to point out that the Altos reports data on homes that are currently for sale. The Multiple Listing Service status for these listings is “Active” and “Contingent”. Therefore influence of Short Sales will definitely affect these statistics.
We have numerous reports at our disposal so if you are looking for data generated from the recent sale of homes, take a look at our HomeDex Reports.
As FULL TIME professional Realtors, we are here to help you with all of your real estate needs including but not limited to Buying a Home, Selling a Home, Renting and Home, Investing in Real Estate, or Commercial Opportunities. We represent buyers and sellers in San Diego County, Orange County, and Riverside County.
Please give us a call, email, or text.
Nick Taylor – California DRE Lic # 01823394
Janet Taylor – California DRE Lice # 01814944