This looks like just another Friday's worth of activity! We have 29 new pendings since Monday, so we'll be a bit short of the typical 40-60 this week. The C.A.R. issued a directive today, and this should shut down regular operations:...
Our January sales count of detached-homes between La Jolla and Carlsbad was impressive, and comparable to the good old days! NSDCC January Sales & Listings Year # of Sales Median SP Avg. Cost-per-sf # of New Jan. Listings 2013 185 $845,000 $379/sf 410 2014 182...
I noted on Instagram today that a couple of new listings in Carlsbad went pending before they got to broker preview today. While the sales and pricing statistics may look flat, sellers shouldn't give up on selling when rates are still in the 3s. These are the...
The NSDCC closed sales got off to a hot start in 2019! But by March 4th, pendings had stalled and were 19% under last year’s total. Now that stall pattern is playing out in the March closings too: NSDCC Detached-Home Sales, Year-Over-Year Changes: Year 2018 2019 %...
It's March! How are we doing? We've considered a 2:1 ratio of active-to-pending listings to be a sign of a healthy market. Though pricing is much higher than in the recent past, we're under 3.0 is all but the highest-end areas: Here are the Actives/Pendings stats for...
Our contest for Padres tickets got more exciting this week due to Manny Mania! NSDCC New Listings Jan 1 to Feb 20: 2018: 681 2019: 644 (-5%) The two-month total last year was 783, so we're on a pace to hit 741. Doughboy guessed 740, but it came in after the guessing...
Yesterday, the C.A.R. released the statewide January results, with more speculation from our so-called leaders: California home sales fall to lowest level in more than 10 years - Existing, single-family home sales totaled 357,730 in January on a seasonally adjusted...
Today the FHFA announced that they have raised the Fannie/Freddie mortgage limit to $726,525 in high-cost areas: ...
The NSDCC Actives vs. Pendings by price range: Price Range NSDCC Actives NSDCC Pendings A:P Ratio Avg. DOM Under $1.0M 109 62 2 to 1 38 $1.0M to $1.5M 207 129 2 to 1 45 $1.5M to $2.0M 172 64 3 to 1 67 Over $2.0M 541 65 8 to 1 105 In the past, we've considered a ratio...
Let's examine by zip code where the market might be slowing recently. These are the detached-home sales for the second quarter, plus the current number of pendings in each area: Area Zip Code Sales 2Q16 Sales 2Q17 Sales 2Q18 Pendings Today Cardiff 92007 25 30 11 9...
