Real Estate Market Analysis for Vista CA Resale Homes Data July 2013:

Interest rates jumped May to June and has had an affect on buyer activity. Also loan officers are feeling the pinch as refinances have stopped. Another key indicator we are seeing this month is how the number of new listings is way up compared to a year ago. Sellers have realized the real estate market analysis for Vista CA says the time to sell is now! But with a lot of new listings and less buyers, the brakes have been put on the market so homes now take days to sell instead of hours, and the number of multiple offers are in the single digits. This feels like the bottom has dropped out, but it is actually a good thing. Now inventory and price appreciation will have a chance to stabilize. Buyers can take a little more time looking for homes and sellers can come back to reality with their demands. Heck, buyers might even be allowed to keep their contingencies again and ask for things like termite clearance and home warranties.

Another side affect of this price appreciation over the past year is now there are fewer homeowners underwater. So there will be less foreclosures and short sales going forward. Everyone in the real estate market in Vista, CA resale homes can breathe a collective sigh of relief because those sales were no fun for anyone and the farther we can get banks away from controlling the market, the more likely we are to be able to make sense out of it all.

Listings Comparison:

Detached: 129 homes listed during the month compared to 87 in 2012

Attached: 21 homes listed during the month compared to 13 in 2012

Price and Days on Market Comparison for July:

Detached 2013:

Detached 2012:

Attached 2013:

Attached 2012:

*Data taken from SANDICOR MLS and represents homes not in senior communities built in 2010 or prior for Vista zip codes 92081, 92083, and 92084. Does not include mobile homes, manufactured homes, or modular homes. Tony Cannon on Google+