And only three for sale under $1,100,000!

It’s not the end of the world, though.

It’s not even the end of homes for sale under a million – there will be others.

But it is the velocity of the frenzy that is astonishing.

Detached-Homes For Sale Under $1,000,000 Between La Jolla and Carlsbad, 2nd Week of August:

2018: 115

2019: 101

2020:  33

2021:   0

Leading up to 2020, the market was balanced, orderly, and behaving about like you’d expect.  Buyers were critical, and there were plenty of homes not selling.

Then a virus hits, and blows the roof off!