Isn’t it amazing that prices have kept rising without frenzy help?
We’ve had the frenzy hangover this year. Inventory is still tight, sellers confident, and buyers don’t have much choice except to pay what it takes – or to stand by. But sales are softer – and the number of NSDCC active listings today is 7% higher than last year.
Here are the two pricing measurements for each zip code for detached-home sales between May 1st and July 31st. Every zip code between Carlsbad and La Jolla shows a positive year-over-year increase in BOTH pricing metrics!
I had to average the averages for the NSDCC $/sf, so they are probably high.
Rob Dawg said in his 2014 forecast that he thought we’d see all the annual gain happen in the first half of the year. It’s the post-frenzy soft landing!