Our home values have been detached from "key economic factors" for years. More interesting would be studies that analyze what would happen to areas that are full of the older tract homes (1980s and before) that haven't been improved much and are dumped onto the market...
Here's a snapshot of how fast the local market has changed. It went from a relatively-modest suburban area where 3/4s of the houses sold for less than a million dollars in 2003......to a very affluent market! NSDCC Detached-Homes Annual Sales True, the inflation rate...
NSDCC Listings, Jan 1 - May 15 Can we use statistics to describe the market conditions today? This chart above helps a little. Even though the number of listings is drastically lower than it used to be, apparently the market has been adjusting - mostly by price! I...
Last week, the NSDCC count of active listings was 395. On Monday, it was 429. Today it is 440, which is a 12% increase since the beginning of May. Then I looked up the stats from last year. Last May, we had the same +12% increase! Never mind - keep selling!
The NSDCC inventory has gotten off to a hot start in 2024 - it's already at the level it was at in July of last year! As long as the pending keep up....oh wait. Well, maybe there will be a surge of new pendings on the way? There was a late-summer surge last year, and...
This chart shows identifies the hot spots, and not-so-hot spots, as compared to last year. Southeast Carlsbad and Carmel Valley both have substantially more pendings this year, and NW Carlsbad and Encinitas have roughly double the number of actives and where potential...
How does our local market keep going? There are a lot of affluent people nearby who consider moving to San Diego as an upgrade!
A new $3,000,000+ listing hit the MLS this week that was offering a 1/2% commission to the buyer's agent. They also noted that to show the property, buyer-agents needed to submit proof of funds (bank statement) and pre-approval letter plus a 24-hour notice was...
San Diego Case-Shiller Index, Non-Seasonally Adjusted Month San Diego CSI M-o-M chg Y-o-Y chg Jan 22 384.13 +2.5% +27.2% Feb 401.44 +4.6% +28.9% Mar 416.45 +3.8% +29.9% Apr 425.90 +2.3% +28.5% May 427.80 +0.5% +25.2% Jun 424.83 -0.7% +21.6% Jul 414.03 -2.6% +16.5% Aug...
Think of the monumental change needed in the listing agent's psyche to get them to stop scolding the buyer-agents and give some respect - but instead they are shorting the commissions too. If you blow off the buyer-agents, then you're on your own - and the vast...
