In the past week, there were 18 FEWER new listings and 15 MORE new pendings than the week before - and boom, the mid-summer surge continued....but only for some, not all. A good example of the current market conditions is one of the La Costa Valley 6 that we've been...
For those leaving California, you’ll be the safest in Massachusetts, followed by Vermont, New Hampshire, Maine and Rhode Island. Safety seekers should avoid Louisiana, Arkansas, South Carolina, Mississippi and Oklahoma. [button...
The NSDCC sales are trending lower and appear to be focused on the lower-end: We should still get the 100+ sales in July, and hopefully no one will be screaming about prices dumping 20% in one month. It's just that the higher-end isn't clicking like it was before....
At the beginning of 2023, the Zillow 1-year forecast for San Diego home values was -0.8%. In May, their expected 1-year appreciation rate in our local areas was around +3%. Now they are guessing it will be around 4%....which might cause more sellers to wait longer! SE...
I try to investigate different ways to analyze the market data so readers can grab something pertinent that might help them make a better decision about their real estate needs. Here's today's attempt! July isn't done yet but you can see the trend: The high-end isn't...
We've received ELEVEN offers on our new listing at 7114 Columbine! The five cash buyers have declined to go any higher, so the six financed offers will be competing today for the win. We sent all of them a highest-and-best counter with a 4pm deadline today. Meanwhile,...
The Carlsbad market has been surviving quite well - there are 14% more pendings today than last July. The other areas are all above the 2:1 ratio of actives-to-pendings (our standard for a healthy market). The number of actives in Encinitas DOUBLED in less than a...
The need to pay over the list price has diminished a bit, but about a third of buyers who closed last month still felt like it was worth paying more than the sellers were asking. Last month looked a lot like June, 2022! There were 24% fewer sales however, and that...
The Chamber of Commerce is loving this: If Soto re-signs because of his neighbors bringing him homegrown grapes, give them lifetime season tickets. pic.twitter.com/CW24Clu6FR— Michael Shin (@MichaelUCSD) July 10, 2023
This article gets into the usual topics for those trying to forecast the future: https://www.investopedia.com/what-housing-experts-anticipate-for-the-last-half-of-2023-7555067 Their experts think that mortgage rates will ease for the rest of the year, which will cause...
