When the coronavirus shut down the economy coast to coast, it was natural to assume that the real estate market would take a hit. Being in quarantine would certainly cause sales to plummet, and with 20% to 30% unemployment, prices would follow, right? All that was...
Did anyone predict that the median sales price in San Diego would be higher last month than in 2019? Sales were down 42%, but that was to be expected - the impact of covid-19 was still rolling out and most would wait until it settled down. But there were enough...
Two articles were lost due to the change in blog hosts, so I'm re-posting this one! We had two fewer business days than previous years, and we didn't have a late flurry to get close to my estimate of 175 sales: NSDCC May Sales & Pricing Year # of Sales Avg $$/sf...
Last month, the NSDCC sales ended up being down 42% year-over-year, and the average cost-per-sf was down too by almost 6%. But the median sales price was up a tick. The stats this month will suffer by having two fewer business days, which will cost us about 25 sales -...
I guessed that NSDCC sales would be down 60% in 2Q20, but April was the low point (sales were down 42% YoY), and May won't be better but June could finish strong. Quotes from the UT article which is linked at bottom: “Sellers have taken a bigger step back than...
Last month's sales count is stalling out. Right now the year-over-year change is -42%: NSDCC April Sales & Pricing Year # of Sales Avg $$/sf Median SP 2017 279 $535/sf $1,282,131 2018 272 $569/sf $1,285,225 2019 265 $583/sf $1,375,000 2020 153 $547/sf $1,390,000...
From the buyer's perspective - your chances of getting a big discount are about 1% to 2%. https://www.nar.realtor/research-and-statistics/research-reports/nar-flash-survey-economic-pulse
The drone video tour: Here's a snapshot of the coronavirus market - there are plenty of lookers:
The 144 sales is this morning's actual count. The final count should be about 10% higher: NSDCC April Sales & Pricing - Preliminary Year # of Sales Avg $$/sf Median SP 2017 279 $535/sf $1,282,131 2018 272 $569/sf $1,285,225 2019 265 $583/sf $1,375,000 2020 144...
The closed sales in May will likely be worse than April - which hasn't been too bad so far (just -26% yoy). We have 82 pendings currently that have opened escrow this month. NSDCC April 1-15 Sales & Pricing Year # of Sales Avg $$/sf Median SP Avg DOM 2017 129...
