March 12th was the day that US stock markets suffered the greatest single-day percentage fall since 1987, and the day after Tom Hanks and Rudy Gobert tested positive - the latter shutting down the NBA season. Let's call it the day that the coronavirus started having a...
To get a feel for when the market is starting to come back, let's watch these data points. When sellers are feeling more comfortable putting their house on the market, we should see the number of houses for sale begin to increase (or that will be a sign that fewer are...
Prices dropping in the 'low single digits' doesn't sound like a frozen or desperate market. Their first story is about a guy who is looking at homes in Florida priced at $15 million? That's relevant to the national housing market?...
The closed sales in March held up ok, in spite of the covid-19. It was announced on March 11th that Tom Hanks and Rudy Gobart tested positive, and the night that the NBA suspended the season. It was then that the coronavirus escalated to another level of concern, and...
This is disconcerting - hope that homebuyer demand is getting pent-up while we're on the couch...... Southern California house hunters were already balking at buying existing homes amid coronavirus fears and business closings before real estate agents were told to...
Ryan describes how to look at the comps today in less than 30 seconds (look at listings and pendings): Listen to the whole six minutes to get an appraiser's overview of Sacramento's market today.
February sales have been fairly uniform as pricing marches higher - it's almost as if pricing doesn't matter: NSDCC February Sales & Pricing Year # of Sales Avg $$/sf Median SP Median $$/sf 2013 188 $399/sf $887,500 $334/sf 2014 180 $487/sf $927,500 $378/sf 2015 171...
More evidence of the local listing count plunging....and seller price expectations rising! The top 20 toughest housing markets includes a diverse geographic mix of larger established metros and up-and-comers where housing is still relatively affordable. They are...
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...
Thanks Jakob for sending in this chart from SDAR, one of the competing realtor associations in San Diego. You can see that we ended 2019 with a bang...at least compared to the end of 2018 which suffered from mortgage rates in the high-4s. It's amazing that we had less...
