The Y-T-D sales show the strength of the demand around NSDCC.
In spite of mortgage rates AND average pricing both being about 30% higher than this time a year ago, the sales count is hanging with 2013 – and looks similar to the peak era too.
NSDCC Sales closed between Jan. 1 and Feb. 8:
| Year | |||
| 2006 | |||
| 2012 | |||
| 2013 | |||
| 2014 |
Sales would be stronger if there were more decent buys available!
http://www.dqnews.com/Articles/2014/News/California/Southern-CA/RRSCA140212.aspx
Jim. Any observations on the decline besides suitable inventory?
Purely a result of ultra-low numbers of quality properties coming to market – at any price.
Buyers are waiting patiently and will pay more to get it over with. There are very few choices.
I guessed we’d see a flood of OPTs and zero appreciation, or 10% appreciation on thin trading. We are experiencing the latter.
Where you going to go ?
Not a lot of new stuff coming to market in NC as far as I can see (at least at the moment).
IMO I think we are getting to a point where people are waiting like vultures for something to happen.
Realtors lined up for miles too.
The La Costa open house video featured here on Sunday? There was another 50+ agents who visited yesterday at the broker open house.
The sddt had an article yesterday on the 100+ people who come to broker pitch sessions now. Used to count them on two hands.