We still have four days to go this month, so it looks like we'll be setting new monthly sales records again, just like last month (even with a covid asterisk): Town or Area Zip Code # of Sales, 2019 Median SP # of Sales, 2020 (so far) Median SP Cardiff 92007 11...
A fun graph of each city's history of home prices:
Not only are there 92.7% more showings this year than on 2019, but this has to be the most people looking at homes for sale in the history of California! Has there been a surge of new inventory lately? Locally, the number of new listings has been normal: NSDCC New...
Mortgage rates hit an all-time low yesterday! Combine the improved purchasing power with the covid-delayed selling season and the lowest inventory in recent history, and we have full-blown frenzy conditions. Look at how July wound up: NSDCC July Sales & Pricing -...
This graph shows how we're making up for lost time, with showings almost double what they were last year. The closed sales are starting to pop too. We did have one more business day this year than in 2019, but the NSDCC sales this month are already ahead of recent...
San Diego County isn't included in the graph above but the trend is similar. The author is happy to point out the negatives, but with inventory still well under what it was last year and pandemic/unrest raging, it's a miracle that sales are so strong. San Diego...
Will our local market survive the coronavirus? Let's look at the bigger picture and compare the first half of 2020 to previous years: NSDCC 1H Listings & Sales Year # Listings Median List Price # Sales Median Sales Price 2016 2,999 $1,425,000 1,526 $1,150,000 2017...
After the market bottomed out in mid-April, it sure came roaring back: Year # of June Sales Avg. LP/sf Median Sales Price MSP/MLP Ratio 2016 312 $507/sf $1,200,000 96.3% 2017 363 $529/sf $1,260,523 97.0% 2018 299 $606/sf $1,350,000 100.0% 2019 283 $527/sf $1,250,000...
The experts were surveyed on what they think about the market - a sample question: Fleming: “Our research has found that in past recessions, house prices show their “downside stickiness,” meaning they remain flat or their growth slows during economic downturns, but...
When the coronavirus broke out, I guessed that the second quarter sales would fall 60%, and the median sales price would drop 5%. NSDCC 2Q Sales & Pricing Year # Sales Median Sales Price Average Sales Price 2017 988 $1,250,000 $1,581,847 2018 845 $1,325,000...
