We have been talking about it for many weeks now - the market is shifting. We are headed toward a "normal" seller's market, where properties can be active for 30-60 days before getting the right offer. The shift is subtle, but since we have a front row seat we like to keep you up to date with what we are seeing.
The market predictions have been anywhere from a market crash to a full-on recession. We don’t see a market crash coming, since there is still a shortage of inventory, lots of buyers actively looking, and excessive borrowing is not driving the market craze we've been experiencing over the past couple of years. As of now, the major factors are the hikes in interest rates, fluctuations in the stock market, and the psychological impact both are having on buyers who are trying to decide to wait or to move forward. As a result of this indecision, we have started seeing more buyer cancellations and properties going back on the market. This is why we make sure we have backup offers in place where possible, and keep backup agents up to date on our escrow progress in case the initial buyers get cold feet. With general buyer interest still high, this strategy has worked in our sellers' favor and eliminates the need to go back on the market.
We're in the last few weeks of spring, and with that there's a slight uptick in new inventory. Our team has four new properties to share with you this week, and five open houses for you to visit today and tomorrow!
3386 Avenida Nieve is a pristine 4 bedroom home with an office and 3 full baths on a quiet cul-de-sac in one of La Costa’s most centrally located neighborhoods. Open today from 1-4pm.
141 Solace Ct is a fantastic opportunity to live or invest in a single level 3 bedroom, 2 bath home on a cul-de-sac with a large grassy front yard and exceptional curb appeal in Encinitas. Open today and tomorrow from 1-4pm.
2400 Altisma Way Unit B is a beautifully upgraded 2 bed, 2 bath La Costa townhome with an open floor plan, high ceilings, and hardwood floors. Open tomorrow from 1-4pm.
339 Durian St is a charming, detached single-level cottage located in a quiet Vista community with 3 bedrooms, 2 baths, and no HOA. Open today and tomorrow from 1-4pm.
The NEDA NOURANI Team serves San Diego's North County Coastal real estate markets, including Encinitas, Leucadia, Olivenhain, La Costa, Carlsbad, Solana Beach, Del Mar, La Jolla, and beyond!