Open House Report 2 | bubbleinfo.com

I had another 80+ people go to my open up residence on Sunday, and a overall of a lot more than 200 men and women for the weekend.  Practically all people who arrived was more mature, and the too much to handle message was that the buyer pool for just one-story properties is big and they are hungry for products.

We have acquired a single comprehensive-rate money supply so much, and there should really be 2-3 more coming in right now.

This smaller tract was developed by Davidson in 1996, and sold in the $300,000s at first.  Only 12 of the 82 houses are the just one-tale ground plan – which is regular (some newer tracts don’t have ANY a person-story designs).  Of the 82 properties, 57 of them, or 70% ended up purchased for much less than $1,000,000.

I certain get the experience that there are boomers occupying most of the newer tract properties in North San Diego County’s coastal location, and they are not going anywhere – until they can invest in a solitary-story home.

The most intriguing component is that my listing will be the third sale of this ground prepare in 2022, in a community where there has not been a sale of this product due to the fact June, 2018. It could be a further handful of yrs in advance of the upcoming a person sells, for the reason that all those who have a one-tale dwelling have a tendency to cling on to them.

The doomers want to blame larger charges for the slowdown in gross sales, but unless we get a flood of one particular-story households for sale, the stock will possibly keep shrinking – and be mainly built up of the two-tale residences where boomers have gotten lucky and snagged a person of the couple solitary-story houses coming to market, or exactly where they gave up and left town. It tends to make it challenging on people potential buyers who are coming here to retire!

Jerrie Parise

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