Some of you may be asking, what is the difference between this year and last year’s market? The short answer is, not much. Yes, interest rates are higher than they have been in a decade but they are still very low from a historical perspective. Not to mention, a large portion of the buyers in #Santaluz are all-cash buyers.
The biggest issue we seem to be faced with is finding quality inventory. Since the beginning of 2018, we have seen 32 new properties come to the market. You may be asking yourself “Isn’t that a lot?” However, it is very typical for more homes to come on the market after the holiday’s so while this number may seem high to you, it is very much in line with what we generally see.
Below is a snap shot of the market activity from the first quarter of 2018:
36 Properties ranging from $998,900 - $8,749,000
9 Properties ranging from $1,195,000 - $3,950,000
Sold In Q1
13 Properties ranging from $1,287,000 - $5,000,000
*All information was obtained from Sandicor and is therefore not guaranteed
For a more detailed analysis, contact The Anderson Estates at (858) 245-9851