This holiday season is bringing some new and interesting aspects to our real estate market… As a resident of Coto de Caza since 1993 I have never witnessed such low inventory numbers in our community. On 11/26 there were only “38” homes for sale in all of Coto de Caza…and only “49” in all of Rancho Santa Margarita. This morning the numbers are up slightly in Coto to “43” but incredibly down in Rancho Santa Margarita at “39” 4 less than in Coto! The Rancho numbers include RSM, Dove Canyon, Robinson Ranch, Walden, Las Flores and Rancho Cielo!!!
The issues driving these numbers include the demand for housing exceeding the supply by historically low interest rates. This is happening while prices have also risen. I don’t see any changes coming in the near future but with the crazy political environment we should hold our breaths.
Wishing all of my friends and customers a very “Merry Christmas” and a “Happy New Year 2021”!
