Current Real Estate Market
We are still awaiting the return of the hot market, and we can feel the increasing pressure but there is obvious resistance in the market to the prices.
At a time when we expect the inventory to be decreasing, it is increasing. It is obvious that this will not be a multi-offer year for properties. This appears to be the "breather" year that professionals have been looking for.
With a third of all Meadows listings at or above $1 million, an average price of all listings at $ 852,969 and a cost per square feet at $287, we are pushing the limits of people to purchase a home. We have 34 homes listed, and exactly ZERO are below the median price for San Diego County – and the median priced home in the County requires a $107,000 income.
But, so long as the snow falls in Milwaukee…the middle-class will go to Florida and the rich to Southern California.
At a time when we expect the inventory to be decreasing, it is increasing. It is obvious that this will not be a multi-offer year for properties. This appears to be the "breather" year that professionals have been looking for.
With a third of all Meadows listings at or above $1 million, an average price of all listings at $ 852,969 and a cost per square feet at $287, we are pushing the limits of people to purchase a home. We have 34 homes listed, and exactly ZERO are below the median price for San Diego County – and the median priced home in the County requires a $107,000 income.
But, so long as the snow falls in Milwaukee…the middle-class will go to Florida and the rich to Southern California.
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