On Monday morning, these were the counts of active and pending listings between La Jolla and Carlsbad: Actives: 312 Pendings: 149 This morning, the counts are: Actives: 286 (-26) Pendings: 164 (+15) These are pre-Super Bowl numbers and it's been pouring rain for a...
One house doesn't speak for the whole market but it sure felt like it was already peak selling season this weekend. We had 160+ people attend, received eight offers so far, and it's already $100,000+ over list:
La Costa Valley (1,073 single-family homes) Annual Sales: The new rule about getting profits tax-free went into effect in 1997, and it motivated people to move! The sales history of this house is an example of how it used to be - make a little money and be on your...
The NSDCC listings inputted between January 1-15 are up 11% YoY: 2023: 100 2024: 111 Take last January's total of 205 listings + 11% = 228 for the projected winning score, which would blow by everyone. How close the monthly total gets to 228 will tell us if listings...
Yesterday, we attended Gov's annual update on new laws and forms for 2024. He touched on many topics - including that landlords in California might be agreeing to tenants for life because it's so hard legally to get rid of them - but the most interesting was his...
The total number of December sales is up to 86, and there's a chance it might get to 100 but it will probably take another month before all the late-reporters check in. But we saw that 12 buyers were willing to pay $100,000+ over list , and the 34% is a nice pop for...
There were 50 new listings in the first seven days of last year. This year, there have been 43 new listings in the first week, but there are late-reporters and those agents who input a new listing later in the month but use the contract date from weeks earlier. It's...
There have only been 83 NSDCC sales recorded in December, 2023, which means we may not make it to 100 closings. January isn't looking too good either, and from what I can find, we've never had less than 100 monthly sales, let alone in back-to-back months. But it's...
This is the tenth sale in the last month that closed $100,000+ over their list price! It's going to be a wild spring selling season!
I'm guessing that our local NSDCC inventory has to be at least 10% higher in 2024 than it was this year. Heck, it would need to grow +20% just to get back to the same number of houses for sale in 2022! Bill agrees that we should see more listings in 2024: Somewhat...
