Historically, we have considered our market to be relatively ‘healthy’ when the actives-to-pendings ratio is around 2.0 - but that thought originated when prices were about half of what they are today! But all in all, we're in pretty good shape today. The active...
The pending counts have been dropping precipitously since June 11: NSDCC All: -15% Under-$1,000,000: -29% While a lower number of pendings can be due to more closings from the fat part of the selling season, it not like we're setting any sales records either. The...
Here are the new actives and pendings for the last six weeks, and how they compare to previous years: Week 2015 A/P 2016 A/P 2017 A/P 2018 A/P Feb 83/64 80/72 66/73 87/57 Mar 99/68 123/52 102/66 84/62 Mar 93/76 101/75 99/59 107/67 Mar 101/84 90/75 93/82 88/59 Mar...
Let’s look closer at the individual neighborhoods, and compare annual sales and pricing between 2016 and 2017: Town Zip Code 2016 Sales Avg $$/sf Med SP 2017 Sales Avg $$/sf Med SP Cardiff 92007 82 $711 $1,407,500 76 $711 $1,300,000 NW C-bad 92008 220 $465 $897,400...
I'm not sure how the C.A.R prognosticators can look at these Y-o-Y numbers and still forecast higher sales for next year - unless they think the supply will inflate with thousands of desperate realtors having to sell their own homes? LINK The North County Coastal...
The data keeps pointing to a slowdown, and like a Yu Darvish hanging curveball, once it's in flight, there's not much you can do. Few sellers need to sell bad enough that a substantial price reduction will be considered - and there isn't enough competition to cause...
Rich has his latest report on the San Diego stats: https://piggington.com/july_2017_housing_data_chartsngraphs In his graph above, you can see that the county has been cooking this summer, with as many pendings as we've had in recent years! In spite of higher pricing,...
