About 92127 homes

A few months ago there was not enough inventory for buyers in 4S Ranch. Last December, for example,  there were only 9 homes for sale, including short sale listings. However, since the expiration of the 'first time Buyer' federal tax credit in June, the number of homes coming on the market has increased, month over month. At the same time, the number of homes going into escrow has continued to decline. In a declining market, it is more important than ever that Sellers establish a realistic list price-reflective of 'where the market is at the present time'. One common problem that often occurs is that agents may rely too strongly on sold comparables, because that is how they are basically trained to evaluate homes. Agents that have never experienced prior market cycles before, may not be aware of the devastating effect that 'lack of experience-in times like these-' can have on  their clients 'bottom line'.

Sold comps represent historical data; a 'market that was'. So, by basing your price on 'what other homes, similar to yours,  sold for months ago', Sellers and most listing agents can easily overprice the property. The danger of doing so, in a declining market of course, is that Sellers can end up chasing the market prices downward-making price adjustments too late. This can quickly result in a seller losing tens of thousands of dollars, or substantially more. There is a way, even in this market to get the highest price' in the shortest time. I know because I employ these strategies everyday on behalf of my clients.

Buyers also run the risk of finacial loss by overpaying for a property. Many of them were looking for property last Spring, or early Summer. At that point there was a scarcity of inventory, based primarily on the Fed tax credit coupled with the Feds foreclosure Moratorium that required the banks to 'hold off' on placing bank-owned properties on the market. These two factors, coupled with a 50-year low on interest rates resulted in a scarcity of inventory. Basic supply and demand economics took over, and multiple-offers became the norm.

So, buyers that rely too heavily on the sold comps of the past, can also overpay for a property.

  There are so many great things about 92127 homes- and the overall community. For example, 4S ranch opens you up to many amenities and services you won't find elsewhere. 4S Ranch has great schools and parks courtesy of the Poway Unified School District and the very popular Splash park. Shopping malls and restaurants are also a short  walking distance away. The home prices in 4S Ranch vary greatly from about $415,000 for a 1,300 square foot condo to over a million dollars for a 5,000+ square foot luxury home.

If you are a buyer searching about 92127 homes, now, of course,  is a good time to buy one. Today, there are some very motivated sellers that price their homes at quick sale values, like bank-owned REO's and Short Sales. Buyers are sure to get a great deal out of these which might lead to a small dip in prices. This is a great time for buyers as interest rates are at record lows and there is now an adequately sized inventory of homes, so buyers who had not been considering buying short sales in the past should take a closer look now.

If you have any questions about selling a home, or purchasing one, please feel free to contact me anytime.

 

I live and workin the area, and I will be happy to assist you-and to provide you with the information you need to make the best decision for you and your family.