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bewildering
9 years ago

Historically low inventory.
Historically low inventory. This is really odd considering prices are pretty high.

starbucksmom
starbucksmom
9 years ago
Reply to  bewildering

Age-old question – Is this a
Age-old question – Is this a good time to buy? I’m currently renting and quite happy doing so, but would also like a place to call my own. Just would like something to build a bit of equity and not sure if the timing is right in Temecula right now.
Thoughts??

Escoguy
9 years ago
Reply to  bewildering

If you go on Redfin and
If you go on Redfin and filter, >1300 sf, 3BR, less than 1M, built after 2000, there are about 600 properties on the market.

Sure the 6,000 number looks reassuring but there is basically no inventory in a meaningful sense. With population increases an and longevity, supply will stay tight.

moneymaker
9 years ago
Reply to  Escoguy

Esocoguy there is no <1300 sf
Esocoguy there is no <1300 sf filter on Redfin, it's 1250 or 1500. But I did do a similar search for a newish (>2000) house and in all of san diego county if one wanted a 3/2 house with no HOA for under 500K then one would have to want to live in Julian or Borrego. There are no new SFH in San Diego county with no HOA that are affordable.

spdrun
9 years ago
Reply to  moneymaker

No shame in buying an oldish
No shame in buying an oldish house. > 2000 la-de-freakin-dah!

Mira Mesa: http://www.realtor.com/realestateandhomes-detail/10044-Kaufman-Way_San-Diego_CA_92126_M16441-47233?row=3

brokerforyou
brokerforyou
8 years ago

Great article. Yes, low
Great article. Yes, low housing inventory is one thing but really do not think it will offset rising interest rates at falling disposable income in San Diego as well as in California.

Nobody is taking into account the diminishing disposable income of potential buyers in California.

Here is a link, to what I consider my own more realistic outlook for the San Diego housing market as well as California in general for 2016:
http://www.brokerforyou.com/brokerforyou/2016-san-diego-housing-forecast.html