Coastalhomefinder.com

If you are in the real estate market in San Diego to buy a home and you want to get that 

awesome..can't turn it down..gotta have it deal, your boat may have set sail or maybe Not!

In certain price ranges inventory is significantly lower than a year ago. Those home buyers looking in

North San Diego Coastal neighborhoods under $500,000 are likely to find themselves in a bidding war.

If you check out the graph below you will see there is only 2.7 Months Supply of Inventory if you are looking from $300,000 and below for your next home or investment property. The graph slope is pretty steep from left to right and the inventory is less than half of what was this time last year under $300,000. 

Now for the good news...if you are looking to buy a home in the upper price ranges you will be in a much better negotiating position. You will be getting a deal and there are plenty of great homes to choose from on the market now. If you just hit the lottery, happen to invent Twitter or Facebook and need to find a way to spend some money. Say 3 million to 5 million dollars on a home on the coast in North San Diego County you may just get an incredible deal. There is 55.3 months of inventory. That means if the sales pace stays what it is now it would take just over 4 years to sell all the homes on the market in that price range. This is way, way, way above where the inventory sat last year at this time, just 18.6 months. Check the graph below it paints the picture pretty well.

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