Time to buy? (soon...)

[Cecil]

Inventory has tripled in some locations and prices are stagnating. Anyone else noticing similar effects? I wouldn't be suprised if we finally see the "bubble" deflate a bit now. So how long are people going to wait until the buy up some more rentals?

[MikeDammann]

In San Diego the market will not crash, no way!

[SanDiego]

Well, the market is slowing up and leveling off, but it is still a sellers market.... There is A LOT more inventory now as people are profit taking (to steal the words from stock advisors) and homes are on the market longer... Crash is a bad way to describe the San Diego Market.. It's won't... but it will slow and it will even out....

Disclaimer: Whether fact or not, this is strictly my opinion and should net be construed as advice nor have any real estate transactions based upon it. If you would like advice contact me directly.

[JimJ]

I am from San Diego (North County) . I saw the market crash really bad in the early 90's. You couldn't give them away. My parents had their home on the Market for a few years and had the price down to nothing before they got out of it. If it ever happens again, I am coming back home! I miss the surf terribly but I will not pay those prices down there the way they are right now. San Diego is the greatest place on the planet and my home. I worked as a Pilot prior to Real Estate so I have hung out in some really cool places but nothing compares to SD. It is hard to make it back once you leave.

[Ruperto]

Still a hot seller's market in the South Bay area of Los Angeles. Yup, even with interest rate going up, there's still overwhelming demand compared to supply!

[ResaleBroker]

Right now in our Phoenix market if you are looking for a home in the +/- $150k range take a number and be prepared for a bidding war.

[SanDiego]

that's exactly how it was here in SD between March and Sept... that has since slowed and corrected itself...

[Ruperto]

Not as hot as I indicated earlier, but still definitely a seller's market! There's just too much of a demand for homes in the area, and although inventory has increased recently, there still are not enough to handle the demand.

[Jade456]

Homes in Las Vegas are heading the same way. The market is being flooded and prices are starting to dip. The Las Vegas condo market is just the opposite. Condos are getting hard to get, prices are going up and the high rise market is still going strong. Several new developments, like the Aqua Blue and Sky Las Vegas are selling out before construction is even started. If you were thinking of a High Rise vegas getaway, best buy now before prices go up even more! We just sold a place in Turnberry for 2 mil; the prior owner bought it for just over 1 a year ago. You just have to love this market.

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[MikeDammann]

Jim says: "San Diego is the greatest place on the planet "

I agree 100%.

I moved away a couple times but always came back.

Dude, hope you'll handle the Boise winter.

Peace,

Mike