The Rundown:

Housing price bubble chatter has increased this summer, as market observers attempt to predict the next residential real estate shift. It is too early to predict a change from higher prices and lower inventory, but the common markers that caused the last housing cooldown are present. Wages are up but not at the same pace as home prices, leading to the kind of affordability concerns that can cause fewer sales at lower prices. At the same time, demand is still outpacing what is available for sale.

 

Bottom Line:

Housing stats are down, but that is more reflective of low supply than anything else. With a growing economy, solid lending practices and the potential for improved inventory from new listing and building activity, market balance is more likely than a bubble.

 

Interest Rates
 (Source: Bankrate.com as of 8/9/2018)

15-yr. Loan - 3.79%
(Down 0.03 from last week)
30-yr. Loan - 4.43%
(Down 0.03 from week)

Looking for a referral to a great lender?  We can help!

 

 

Community Spotlight:

Spotlight: Oceanside 92057

Single Family

  • Median Sales Price, $554,500 (+ 4.8%)

  • Days on Market Until Sale, 24 (+ 9.1%)

  • New Listings, 69 (- 14.8%)

  • Pending Sales, 48 (- 36.0%)


Townhouse-Condo

  • Median Sales Price, $315,000 (- 4.5%)

  • Days on Market Until Sale, 35 (+ 52.2%)

  • New Listings, 45 (+ 4.7%)

  • Pending Sales, 28 (- 22.2%)

 

San Diego County Overview:

Single Family

  • Median Sales Price, $586,000 (+ 7.5%)

  • Days on Market Until Sale, 27 (+ 3.8%)

  • New Listings, 4,703 (+ 7.3%)

  • Pending Sales, 3,193 (- 1.8%)

 

Recently Sold:

SOLD:

  • 3890 Vista Campana S #59, Oceanside CA 92057 - $352,000

  • 5085 Ashberry Rd, Carlsbad CA 92008 - $965,000

Pending:

  • 6857 Carnation Dr, Carlsbad CA 92011 - $620,000

  • 3754 Mango Drive #115, San Diego, CA 92104 - 399,999

New Listings:

Coming Soon: