There’s been more than one occasion of being approached with questions like: “How’s the market doing?”, “When are we going to get out of this slump?” and “Why is nothing moving right now?” Well I’m not an economist, but I would be happy to share with you a perspective of a Carlsbad real estate agent that is on the front line of this market on a daily basis. To answer any of these questions isn’t easy. Describing the state of the market in San Diego is very similar to describing the weather in San Diego. It could be 73 degrees in Del Mar while it is 90 degrees in Borrego Springs. We are experiencing the season of a buyers market right now, so all of the sellers out there are feeling the heat. Yet the degree of heat per se, goes back to my analogy.
What does this mean to a person who is in the market for a home is San Diego? It means don’t focus on what the media is saying about San Diego County. Focus on your micro market. Work with a buyer’s agent that can supply you with data that is relevant to the city or even subdivision that is of interest to you. You may find out that it may be worth making certain sacrifices to be in a location that can endure and withstand our current market, and rise above the rest when the tides turn.
