It never occurs to the experts that higher prices have something to do with the locked-in effect, and that home sellers have to move to where it's much cheaper to make it worth moving. For those who pay cash for their next home, having a 3% mortgage didn't keep them...
Ok, we're rolling now! There are 337 NSDCC active listings today. We didn't hit that number until mid-March last year, and in 2023 we didn't reach that many until mid-May! The number of pendings did rebound but they are still under where they were in the last two...
I thought that this would be the week that the surge of new listings would start to appear, but not yet. There have only been 167 new listings this month between La Jolla and Carlsbad, which is about the same pace as last January. The monthly closed sales are about...
It's common that when the residential resale market feels slower, the participants shrug it off by saying, "It just takes longer to sell these days." It is a too-quick opinion that masks the real problem, which is: It's taking longer for sellers to admit how wrong...
The final guesses on the number of NSDCC January listings are in - here they are: 211 – Eddie89 213 – Shadash 216 - regina 246 – Anne M 267 – Surfrider 280 – doughboy 293 - Joe 296 - Tim DeRoche 303 – Tom 307 – Jun 311 - SN 317 – CB Mark 318 – Nick 328 – Majeed 337 –...
Check out our new listing! 506 S. Freeman St. 3 br/2 ba, 992sf YB:1944 LP = $1,399,000 Are you looking for an updated beach bungalow that is walking distance to everything downtown Oceanside has to offer? This is it! Hardwood floors, like-new kitchen and baths, new...
The buyer enthusiasm in the fourth quarter of 2024 was very impressive! The percentage of sales that closed over their list price increased each month, and the 4Q sales were up 27% year-over-year! NSDCC Monthly Sales & Pricing
Knowing the number of NSDCC listings in January will give us a feel for how hot the market might be for the rest of the year. If there is a big surge this month (more than +20% over last January's count), then the market could get sluggish in a hurry. If there is only...
On December 9th, there were 401 active listings bertween La Jolla and Carlsbad. Today there are 298 actives. It would be natural to think that the reason the count dropped so much was that sellers were cancelling their listings in preparation for a new approach in...
Virtually everyone is reluctant to predict the future of the real estate market. Even most realtors will throw their hands up and declare, "Who knows?". But around here, one fact has been clear and it tells us what we need to know about the rest of the year. The...
