san Archives - KYLE STANLEY

Low Inventory in Carmel Valley

03/24/2016 by admin Leave a Comment

THIS WEEK
The median list price in SAN DIEGO, CA 92130 this week is $1,475,000.

Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

SUPPLY AND DEMAND
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

PRICE
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

MARKET ACTION INDEX (MAI)
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Carmel Valley Prices are Likely to Resume Upward Climb

03/14/2016 by admin Leave a Comment

THIS WEEK
The median list price in Carmel Valley, CA 92130 this week is $1,385,000.

Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

PRICE
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Carmel Valley Inventory is Tightening

02/02/2016 by admin Leave a Comment

THIS WEEK

This week the medium list price for San Diego, Carmel Valley 92130 is $1,299,000.

Inventory is tightening and days- on-market is falling. The Market Action Index (MAI) shows demand heating up. These are relatively bullish signs for the Carmel Valley real estate market.

SUPPLY AND DEMAND

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in a Seller’s zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

PRICE

Carmel Valley home prices seem to have settled around a plateau. Look for a persistent down-shift in the MAI before we see prices deviate from these levels.

MAI (Market Action Index)

The Market Action Index answers the question “how’s the market?” by measuring the current rate of sale versus the amount of Carmel Valley homes for sale. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.

For additional information please call Chris & Kyle at (858) 213-9999. Thank you!

San Diego Coastal Real Estate Trends

10/06/2015 by admin Leave a Comment

Kyle and I were doing a bit of market research recently and found some information you might find helpful.

The expert analysts over at Keeping Current Matters have filed their report for the Fall of 2015, and it confirms things are looking up in real estate.

According to numbers gathered by the Federal Housing Finance Agency (FHFA), home prices have risen in every region since this time last year.

The FHFA report shows that every state is appreciating at a different rate. While some states are experiencing more rapid appreciation than others, there is a very good chance your home has gone up in value regardless of where you live.

The above map is just a general overview of home appreciation by state. To get a more specific idea of how much your home has appreciated, we recommend using our free home evaluation tool.

You might be surprised by how much your home is really worth. Simply follow the link: Free Home Value Report

This broad home appreciation is indicative of a recovering market. As home prices recover, and even rise above their pre-recession levels, the market will begin to normalize.

According to the Home Price Expectation Survey, by the end of this year, values will have appreciated by 4.1%. Next year, prices are expected to rise 3.7% before flattening to just over 3% from 2017 to 2019.

This expected slowdown in home appreciation is the result of a normal, healthy market.

As a homeowner, now is a great time to cash in on the equity you’ve built in recent years. With interest rates as low as they are, there is no better time to sell your current home for top dollar and lock in an incredibly low rate on your new one.

Obviously, whether you’re ready to sell is ultimately up to you. We just wanted to let you know how favorable the market is for sellers right now.

If you’ve been waiting for ideal market conditions to sell, it won’t get much better than this.

Again, if you’re simply curious about how much your home’s value has increased in recent years, don’t hesitate to use our free home evaluation tool: Free Home Value Report

If you’re really serious about taking advantage of these great market conditions, and want to begin the home search now, we’ve got you covered as well: Free Home Search

Or, if you’re unsure about what to do and would like more information about the San Diego market, give us a call or send an email! It’s our job to keep you in the loop with what’s going on in our area, and we would love to hear from you!

Are Home Prices at Their Peak?

08/17/2015 by admin Leave a Comment

Over the last couple of years we’ve been in a rapidly-appreciating real estate market. Sellers were simply waiting for prices to catch up. But now that prices have been fairly flat, the wait could last a long time. It is a real possibility that this will be the peak for the foreseeable future.

Almost half of the active listings between La Jolla and Carlsbad have been on the market for more than two months. Their unreasonable pricing have caused them to miss the “selling season” and the sellers are now left wondering when/if that serious buyer will come along.

If you are patiently waiting for the “right buyer” to come along, no problem. But for those sellers who want some real guidance about what it will take to get your home sold in the next few weeks, consider these;

Common-Sense Pricing:

A. If you are getting offers, then your list price is probably about right.
B. If you are getting lookers, but no offers, then your list price is about 5% to 10% too high.
C. If you don’t have any buyers looking at the home, your price is more than 10% off.

Buyers love to look at the days-on-market statistic. For every week your house is on the market, buyers are mentally subtracting about 1% from your original list price.

As a result, sellers should lower their price by 5% every 2-4 weeks until they start getting offers.
An exciting price creates urgency and enthusiasm among both buyers and agents. Without it, your listing goes stale quickly, usually after two weeks – and after that, many of the showings are for comparison to help agents sell the better-priced house down the street.

In addition, concern is growing over pending interest rate increases. What will that do to pricing? Will buyers jump off the fence while rates are still historically low?

Make sure you get good help!

Carmel Valley Homes for Sale | Seller’s Market Continues

06/25/2015 by admin Leave a Comment

THIS WEEK
This week the medium list price for San Diego, Carmel Valley 92130 is $1,427,444.

With inventory and days on market basically unchanged and the Market Action Index (MAI) increasing, the Carmel Valley real estate market is not sending strong directional signals.

SUPPLY AND DEMAND
Carmel Valley home sales continue to outstrip supply and the MAI has been moving higher for several weeks. This is a seller’s market so watch for upward pricing pressure in the near future if the trend continues.

PRICE
We continue to see the price for Homes for Sale in Carmel Valley bounce around this plateau. Look for a persistent change in the MAI before we see prices deviate from these levels.

MAI (Market Action Index)
The Market Action Index answers the question “how’s the market?” by measuring the current rate of sale versus the amount of Carmel Valley homes for sale. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.