Its that time again…Spring showers and May flowers! Hope you are all having a wonderful start to your New Year.
The year has started off with a bang…as we put 9 homes into escrow the first 6 weeks of the year had a brief lull and then bang another burst of activity! Looking forward to a busy year in real estate.
Prices have gone up demonstrably and they are approaching their peak in 2007. So long as interest rates don’t go up a lot or fast we should see a stable market for the foreseeable future.
Inventories at the start of the year were near historic lows but are now beginning to recover gradually. Today 4/12/18 there are 98 homes for sale in Coto de Caza where we typically carry 110-120 inventories at the beginning of the year were in the 50’s. In Rancho Santa Margarita we have 77 on the market today and were in the 40’s at the beginning of 2018.
Let’s hope and pray for stability in the market and peace in the world for 2018.
Wishing you all a Happy Spring!!
Mike Ameel
Broker/Owner
Coto de Caza Real Estate
949-233-2686
mike@mycoto.com
CBRE#480081
