I would like to start by Wishing a very Merry Christmas and a Happy New Year to all of our friends, family & customers over the last 42 years!
We are coming off of a great year in real estate! Prices have held pretty steadily and the New Year is looking good. We are facing some
increasing interest rates due to the Fed raising rates so far and anticipating minor further increases this year. Something we need to
remember is that these increasing rates could have an impact on housing affordability and therefore some potential price softness in
the markets. So far in December we are showing a season low of 69 homes for sale in Coto as of 12/16. This may be somewhat low as
a historical perspective but I am anticipating inventories to increase to the 120 mark+/- by the first of February as the spring market begins
to blossom! Looking forward to another great year! Wishing you the very best in this coming year…
Mike Ameel
Broker/Owner
Coto de Caza Real Estate
949-233-2686
mike@mycoto.com
