Thanks to the people who sent in the articles on U.S. existing-home sales in January being the best in ten years.  How did we do locally?

We saw that detached-home sales between La Jolla and Carlsbad were about the same as recent Januarys:

NSDCC January Sales

Year
Number of Sales
Cost-per-SF
Median SP
Avg DOM
2013
185
$379/sf
$845,000
69
2014
182
$501/sf
$1,045,500
60
2015
165
$507/sf
$1,218,000
73
2016
168
$557/sf
$1,093,500
53
2017
165
$524/sf
$1,180,000
57

Here are the detached-home sales for the entire county – best since 2013!

San Diego County January Sales

Year
Number of Sales
Median SP
Avg DOM
2013
1,695
$390,000
69
2014
1,308
$475,000
52
2015
1,302
$495,000
55
2016
1,323
$530,000
44
2017
1,372
$559,500
44

Rates are higher, prices are sky-high, and uncertainty is everywhere. How can the housing market be so vibrant?

I think both supply and demand are affected by the Hunker-Down effect.

Current baby-boomer households have already moved up a couple of times and are satisfied with what they have – and don’t want to rock the boat.

Buyers want to hurry up and buy before anything else goes wrong!

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