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The “Shadow Inventory” of Foreclosed homes is rising.  This inventory is made up of homes already repossessed by lenders buy not yet on the market for resale.  There is great debate in the real estate community about the effect this shadow inventory will have on existing resale home prices and neighborhood values over the next couple of years.  Inman News published this article recently and addresses the issue at hand. Article from Inman News below: Source: CoreLogic The "shadow inventory" of homes...continue reading...

To get a tightly targeted understanding of homes in the market, we break each locale into quartiles. Each quartile is 25% of the homes listed.  The market seems to have paused around the price plateau we reached a few weeks ago.  The Market Action Index is a good leading indicator for the durability of this trend. QUARTILE PRICES Pricing is on a slightly negative trend lately. Prices in Quartile 4 and 1 have been mixed recently, while the rest of the market is...continue reading...

Unlike other areas of Rancho Bernardo, 4S Ranch, and the Santa Fe Valley, the gated ColRich Homes communities of Bel Etage, Salviati and Savenna don't have an overabundance of listings. In fact, these three communites have only a very few homes available at all. What's the reason you may ask? These neighborhoods of estate homes, built by Colrich just a few years ago have had very low turnover and virtually no owners currently testing the current market conditions. ...continue reading...