They update the previous month's stats on the first of month, so here's the latest for Carmel Valley, Carlsbad, and Encinitas: Encinitas had an crazy price bump in June, but toss that stat out and the pricing looks fairly steady. There just aren't enough homes for...
San Diego is #1! Hat tip to Mitch for sending this in: According to the magazine, the Value Index measures how comfortably the average resident of a metro area can afford to live within their means. Specifically, it looks at housing affordability, as well as federal...
Even as the doom continues to pour in from other areas that aren't as fortunate as the North San Diego County coastal region, our home sales are defying expectations. Two facts: In September, 2022, there were 146 sales with a median sales price of $1,940,000 (16%...
The local sales numbers are frightening. Compare our sales counts to these areas: Populations / Sales = People Per Sale New Hampshire: 1,389,000 / 1,490 = 932 Portland metro: 2,220,000 / 1,717 = 1,293 Las Vegas metro: 2,227,000 / 2,374 = 938 Charlotte metro: 2,267,000...
The following metro areas had year-over-year median home price increases of 10% or more since September 2022: Los Angeles: 23.8% San Diego: 18.2% Richmond: 15% Cincinnati, Ohio: 14.6% Providence, Rhode Island and Massachusetts: 14.6% Boston: 14.1% Columbus, Ohio:...
We're having another amazing month, and should get close to 150 sales! The pricing appears to be holding up nicely too (and more evidence that July's collection of lower-priced sales was an anomaly).
One of the best ways to monitor the pricing trends is to watch for changes in the SP:LP ratio. Last year the pricing got soft in the fourth quarter, so we'll keep an eye on the SP:LP trend this year - but so far, so good:
Here are each year's sales counts for the January-through-August time frame. It shows the extraordinary 2021 sales numbers in most areas! But if you thought getting back to the numbers we had in 2019 would feel normal, we're not there yet. In fact, most areas are well...
This is what it feels like in Plateau City. It's a little bumpy but the pricing looks range-bound. Sales cool off towards the end of the year - even during the frenzy. Surprisingly, last month might end up being the best of the year for sales, and the market should...
My thoughts: Sales are holding up nicely here at the end of August - a time when the buyer pool could have, and should have been completely exhausted. With five business days to go plus late-reporters, we should see this month's closed sales get up to 160 or so and be...
