The Zillow guesses on local appreciation over the next 12 months have gotten more optimistic. I added their previous guess from November in paratheses next to the zip codes, and the change in their typical home value over the last 12 months (in green). In 2024, the...
This is my 748th blog post of the year! (641 published and 107 drafts) Let's note how drastic things have changed since rates went up: NSDCC Detached-Home Sales, December 2012: 297 2013: 223 2014: 255 2015: 259 2016: 241 2017: 225 2018: 196 2019: 229 2020: 290 2021:...
This year was one of the best ever for us. We had our highest sale ever ($7,750,000), our highest average sales price ever ($1,870,835) and more people on my next-year's client list than ever before - thank you! The local market between La Jolla-to-Carlsbad fared...
My two favorite videos of 2022, mostly based on number of views. I said this on July 20th:
As the national leader of real estate, Zillow is attempting to guide people with data, thankfully. Their Home-Value Index has been decent, and I'll take the -7% for San Diego....which means our premium areas haven't felt much decline at all. Their comment on current...
Yesterday, Rob Dawg got started on his prediction on next year's market: Is this the official JtR 2021 prediction thread? If so I will post again but for now... The huge demographic groundswell of house-ready millennials will drive prices much higher. The municipal...
After an insanely unpredictable real estate market in 2020, will our strong sellers' market continue in North San Diego County's Coastal region? Probably, but it should be more balanced. Mortgage rates around 3% (and under) will continue through at least the first...
Here are the Zillow predictions for 2020 (higher sales and prices): With the housing market stabilizing from the drama of the early years of home price recovery and the subsequent slowdown during 2019’s home shopping season, we have a rare moment of calm to reflect on...
Last year, I guessed that our NSDCC sales would drop 20% due to high mortgage rates, and pricing would stay about the same. Rates dropped instead, and both sales and pricing stayed about the same as the previous year. In 2020, I think we will see sales drop 10%, just...
These guys don't release their local forecasts: Home prices increased on an annual basis by 3.5 percent in October according to CoreLogic's Home Price Index (HPI). The index rose 0.2 percent from the previous month. The rate of increase in home prices appears to...
