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...
You may remember that July's numbers were all negative when I reported them on August 11th. However, we had a slew of late-reporters, and July wasn't as bad as I thought - the closings over $2,000,000 were only down 14% YoY (instead of -38%). LINK HERE for corrected...
Though there has been a lot of noise and commotion in the real estate business lately, our local market has been relatively solid, given how unaffordable homes are for the masses: NSDCC Between June 1 - July 31 Year Number of Listings Number of Closings...
I had guessed that sales would drop 20% this year, but with mortgage rates being so cooperative it looks like we'll be fine. Detached-home sales in San Diego County's north coastal region for the first seven months of 2019 are only down 3% year-over-year (1,642 vs....
Baby boomers in full control of the market, and very few have a reason to sell. In fact, the list of reasons NOT to sell is so long that you can't help but have a personal favorite that keeps you in limbo: 1. I don't need the money. 2. The grandkids are here. 3. My...
We saw that the first-half sales were 4% under last year's count - has it been getting worse lately? Yes, and the high-end is where the trouble is: NSDCC Detached-Home Sales, July: Year # Closed Sales Avg $$/sf Median SP # of Sales Over $2M 2016 312 $507/sf...
Double-digit increases can't last forever - but could home prices plateau for years? It will probably depend on mortgage rates, and having enough reasonable sellers who are willing to take the same $ as what the last guy got. From our friends at JBREC: Price...
NSDCC Detached-Home Sales Jan 1 to June 30: Year Number of Closed Sales Median Sales Price Median Days on Market 2013 1,670 $919,950 21 2014 1,430 $1,020,000 24 2015 1,560 $1,120,000 23 2016 1,526 $1,150,000 24 2017 1,595 $1,225,000 19 2018 1,420 $1,325,000 17 2019...
Bill (in Giants jersey) from the Bay Area has been reading the blog for the last ten years! He won the earlier contest for Padres tickets, so when he and his family were here on vacation, they took in the first game of the series last night - a 13-2 shellacking by the...
The San Diego ZHVI has been mostly flat for almost two years! The price exceptions are the superior homes and locations, particularly the one-story and newer homes, which tend to sell for more than ever before. But those cases are dwindling. What's saving us is how...
