The flow of new listings between La Jolla and Carlsbad has been frustrating for buyers. Even though NSDCC homeowners can likely sell their house for more money than ever, the count is lower than ever!
Here are the NSDCC new-listing counts between Jan 1 and Feb 5 – the 2006 period was the previous high:
| Year | ||
| 2006 | ||
| 2011 | ||
| 2012 | ||
| 2013 | ||
| 2014 |
Money can’t buy you happiness, but it can buy you a yacht and pull right up next to it. Sell today!
A month ago, the 30-year-fixed rate bumped over the 4.50% mark, and we thought that with more Fed-taper looming, we’d be seeing 5% mortgages.
Look what’s happened since:
We’ve seen how improving rates tend to fuel the frenzy conditions. Now if there were just something decent to buy!
The mark of a great artist – they get more passionate as time goes on:
Here’s a new take on the house video tour – I’m not sure of the floor plan though, and I feel a little dizzy:
From the MLS: The “Crescent” is a world famous Wally Cunningham design that combines the symphonic resonance of the sea by curvilinear architectural elements. The 6,500 square foot masterpiece sprawls over a double oceanfront lot, capturing the energy, essence, movement and calmness of the Pacific in every living space. Outdoor spaces meld into the interior seamlessly, allowing peaceful travel to another world.
The film crew has been following me around this week, gathering more clips for their documentary on housing. We squeezed in a couple of moments with recent purchasers, which is the first half of this video – the second half is the yoga entertainment portion:
Thanks for your patience with us about the Google Hangout On Air last night. We were able to get one person on-screen, so maybe Rich Toscano will join me to discuss his thoughts on this being a bubble.
One of the points to consider is the affluence in our area – check the preliminary NSDCC-sales stats for January:
| January | |||
| 2011 | |||
| 2012 | |||
| 2013 | |||
| 2014 |
The Avg. DOM was a precursor to the frenzy – combined with the increased number of sales in January, 2013 you could tell that a surge was building.
This year reflects a whopping 34% increase in average pricing above last January, and once the late-reporters finish, we will probably be close to last year’s sales count too. Plus the average DOM is even faster now!
Yes, at some point the rise in pricing will end – but it may not be a disaster (unless you are in the real-estate selling business). Buyers are locking in low fixed-rate mortgage payments, and glad to have found a home that will last them for a long time – and maybe for the duration.
If prices keep rising, the sales may drop significantly as the group who can afford to live here thins out, but for now, it is full speed ahead.
Sorry – another technical blowout using the Google Hangouts on Air.
They don’t allow Windows 7 Home Premium, and using Macs didn’t work either.
http://piggington.com/shambling_towards_affordability_san_diego_housing_overpriced_but
The inventory continues to be tight, and the weekly-new-pendings count has risen nicely around NSDCC – buyers are ready to go! The majority of the action remains on the lower end, with 72% of the 2014 new pendings priced under $1,400,000, with a median list price of $995,000:
North SD County’s Coastal Region (La Jolla-to-Carlsbad)
The UNDER-$800,000 Market:
| Date | ||||
| November 25 | ||||
| December 2 | ||||
| December 9 | ||||
| December 16 | ||||
| December 23 | ||||
| December 30 | ||||
| January 6 | ||||
| January 13 | ||||
| January 20 | ||||
| January 27 | ||||
| February 3 |
The $800,000 – $1,400,000 Market:
| Date | ||||
| November 25 | ||||
| December 2 | ||||
| December 9 | ||||
| December 16 | ||||
| December 23 | ||||
| December 30 | ||||
| January 6 | ||||
| January 13 | ||||
| January 20 | ||||
| January 27 | ||||
| February 3 |
Wondering how it all got started at Bubbleinfo TV? The first video was from March, 2007 – just click the link below to start at the oldest, and if you make it through all 1,600+ youtubes, you will have experienced the real estate bust-to-boom in living color:
https://www.youtube.com/user/JimtheRealtor/videos?view=0&flow=grid&sort=da
Here is the 25th video, a classic from the early days when I was mostly cruising my own REO listings:
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
