Mid-August Market
The market in Hidden Meadows continues to disappoint, and the cool time of the year (and the market) is right around the corner.
Some localized markets continue to sell, but those are ones in which there is some "draw" -- beach and school districts come immediately to mind. Once the beach weather is over and children are safely in schools, their markets will also slow until the lure of the beach or a good school invades the consciousness.
I have been working out of our Rancho Bernardo office for several months, and it is apparent that the Poway Unified School District is a great drawing card for that area. Their lowest scoring school rates higher than the highest scoring Escondido school!
It makes a difference. There is also a "hand in glove" relationship between Realtors and the school district -- each supports the other, and it works for both.
There is simply nothing left until next year to generate any need to buy. Right now, even that 3.000 s.f. brand-new home on Pinion Trail that was reduced from $920,000 to $729,00 HAS NOT SOLD!
(That tells you how bad it is!)
At some point, hopefully next year, the urge to buy will return and so will the general market.
Some localized markets continue to sell, but those are ones in which there is some "draw" -- beach and school districts come immediately to mind. Once the beach weather is over and children are safely in schools, their markets will also slow until the lure of the beach or a good school invades the consciousness.
I have been working out of our Rancho Bernardo office for several months, and it is apparent that the Poway Unified School District is a great drawing card for that area. Their lowest scoring school rates higher than the highest scoring Escondido school!
It makes a difference. There is also a "hand in glove" relationship between Realtors and the school district -- each supports the other, and it works for both.
There is simply nothing left until next year to generate any need to buy. Right now, even that 3.000 s.f. brand-new home on Pinion Trail that was reduced from $920,000 to $729,00 HAS NOT SOLD!
(That tells you how bad it is!)
At some point, hopefully next year, the urge to buy will return and so will the general market.
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