Aug. 25 Update

August 25, Weekly Analysis
Four new listings this past week in The Meadows, and they are displayed with yellow highlight on the list.
One Meadows home went into Pending this past week: 27780 Granite Ridge Road, a 4/3 of 3,020 s.f  had been listed for $431,700 for 85 days.
One home in The Meadows closed escrow this past week: 27821 Dogwood Glen, a 4/3 of 3,020 s.f. SOLD at $450,000 after 56 days on the market.
Once again the sales activity continues in the under $500,000 market, where investors and First Time Home Buyers are active, but showings and offers continue to be steady in the Executive and Luxury category, but sales are relatively rare.
The national market seldom has much impact upon Hidden Meadow activity or sales. We are such a unique market that most outside Realtors only know of Hidden Meadows, and calls for directions are normal. Generally, our homes are bargains in ANY market because we are so unknown as a community – and that is the way our residents like it, until the time comes to sell their homes and then they complain about the number of showings. But our relative isolation is the reason we live here – rural but not remote, and very close to everything.
The uncertainty in the overall business and financial markets may continue into next year, when the political climate will be known and even the Euro roil may calm down in the European markets. Uncertainty in the political and economic arenas are reflected in the housing markets, and confidence levels may rise when the political arena is more settled.
March should bring not just warmth to the Meadows landscape, but a better housing market as well — first as a result of the pent up demand generated during the relatively calm winter months, and then a rise in confidence that the political silly-season is behind us.
While we do not have an actual “winter” by any rational standards, we do lose a lot of house shoppers particularly during Charger games and damp weather – but serious buyers are ALWAYS looking. When your business places you, your spouse, three children and two dogs in a two bedroom suite in Mission Valley, there is a BIG incentive to find permanent housing, whatever the weather!

Advertisements