The Future of Pricing
Although on many peoples' minds, I don't see much discussion. But I may have just missed it. We sold our last toy hauler and F450 four years ago. Our youngest son started college so we figured we'd...
Forum Discussion
propchef wrote:SJ-Chris wrote:
Just one data point....
Using Cruise America rental fleet sales as a data point, RV prices are still up 60-70% from 2019. I bought a couple then, and I know what they are selling for now.
On a slightly related note...Home prices shot up incredible amounts over the last 3 years, and now they are taking large steps down in price.
I expect RV prices will reduce over the coming year or two. Not to the same levels they were, but lower than they are now.
-Chris
Large steps down? Not in San Jose (from your sig) where Redfin reports sales prices .8% UP over last year. What's been slowing is the pace of sales (number of units sold) and the rate of price increases.
I've seen a settling of the market, but nothing approaching "large steps down."
I happen to be an active real estate Broker in the Bay Area for over 20 years...I have multiple listings in contract at this very moment. Believe me when I tell you, Yes there is a significant reduction in home values going on at the moment (starting ~April/May when interest rates started shooting up). Here's some data I just put together...
I've got my own opinions about what will happen over the next months and year or two, but as this is a RV forum I'll keep it to myself. Feel free to PM me if you'd like.
Happy Camping all!
Chris
