Market update & advice from our brokerage

Happy Holidays! During this holiday season, we wish you and those close to you a peaceful and enjoyable holiday season. Best wishes for a healthy and prosperous 2010.

During November 2010 the number of active listings fell and so did the number of newly opened escrows and contingent sales but overall the turnover rate improved slightly.  Prices are in the neutral range and will most likely remain in this range through the holiday season. The seasonal slow-down in sales began in September and will run through mid-January. Comparing year-over-year numbers shows some continuing weakness in the San Diego County market. Sales of single-family, re-sale homes were down 14.2% from last September. Yet the median sales price continues to steadily increase each month.