The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. We’ve considered a 2:1 ratio of actives-to-pendings to be a healthy market. While other areas in America are reporting a surge of...
This Encinitas Ranch home was listed for $3,499,000 on March 29th - which was the week rates started going up - and had no price reductions. After 112 days on the open market, they found a buyer who closed in less than 30 days (Sept.12th) for $3,390,000 cash, which...
I had mentioned in the comments section that I showed a house on Labor Day that was priced at $2,195,000. The temperature was so hot that I literally said to my buyers that no agents would be working on the holiday, let alone writing offers, so we should have an easy...
Yesterday's Case-Shiller Index for San Diego was 425.26, which is 11% higher than it was in January. But check how the trend increased between January and now. Prices rose as fast as ever in early 2021 (yellow above). If they would have mellowed out along my red...
The July stats have been updated on these interactive graphs of the 92009 (SE Carlsbad), 92024 (Encinitas), and 92130 (Carmel Valley) markets: We hear how the inventory has exploded, but compare it to history: Sales during the 2022 selling season have been similar to...
There are still some head-scratchers out there. This just closed on Friday for $3,400,000 - which was $10,000 over list - but it looks like a fixer inside and out compared to the only other Bressi Ranch house to sell above $3,000,000:
Last week, we saw here how the number of July sales has been plummeting, and with three days to go in the month, we are now at 119 NSDCC sales - which means we will end up with around 40% to 50% of last year's July sales. We also hear about how inventory is rapidly...
The biggest barrier to prices going down is that sales are needed to prove it. Back in the old days when we had foreclosures, the banking rules forced lenders to keep selling their REOs, regardless of price. But who or what is going to force regular homeowners to sell...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. In the recent years prior to the pandemic, the actives/pendings in Rancho Santa Fe ran at a 10:1 pace. Nobody is in a hurry...
Check out our new listing of a turnkey newer one-story home in Scripps Ranch! 11684 Petenwell Rd., San Diego 92131 3 br/2 ba, 2,207sf YB: 1996 HOA = only $42/month, and no Mello-Roos LP = $1,695,000 We will be open 12-3pm this weekend!...
