Let's use their formula (total sales/total listings) to calculate the NSDCC ratios. (their ratios were from June, 2020) NSDCC SFRs Sales/Listings over $1 million June, 2020: 210/392 = 54% October, 2020: 300/328 = 91% We have it good!...
The boomer sales spree is inevitable, it's just a matter of when. But if it's a slow methodical process over the next two decades, will we even notice? Let's say the 100,112 homes turn over in the next 25 years (and only 1/3 are inherited by the kids), we'd average...
Of the places benefiting from the people fleeing California, Phoenix has to be #1 on the list. Their Case-Shiller Index had the biggest increase in the nation this week (+9.9%), and look at the average market time: PHOENIX — The greater Phoenix housing market has...
We have worn out shoes, but we paid our dues.....
So what's your take on the strength of the housing market now and how the election could change it? BARBARA CORCORAN: I don't think the election is going to have much to do with the housing market. It's like a horse that's run out of the bar-- the barn at about 100...
Here's the first look at this month's sales: NSDCC October Sales & Pricing Year # of Sales Avg $$/sf Median SP 2012 189 $382/sf $765,000 2013 276 $494/sf $961,750 2014 263 $463/sf $965,000 2015 234 $473/sf $1,055,000 2016 283 $523/sf $1,075,000 2017 262 $533/sf...
There was additional distribution of my moving survey after the previous report last week. Of the 2,872 visitors who have looked at the survey, 130 (or about 5%), at least answered a question, which is typical. Here are the final results: Q1. I liked that 28% of the...
What a difference compared to the second half of 2019: San Diego Non-Seasonally-Adjusted CSI changes: Observation Month SD CSI M-o-M chg Y-o-Y chg January ’19 251.30 -0.2% +1.3% Feb 253.69 +0.9% +1.1% Mar 256.40 +1.1% +1.2% Apr 257.63 +0.5% +0.8% May 260.08 +1.0%...
In the graph above, the conditions were glutty through July, but now I think we can call it a full-blown panic in SF County. They only had 1,000 homes for sale in May, and their fourth-quarter history already looks very strange. You can bet that buyers are slamming on...
We only had 65 new SFR listings between La Jolla and Carlsbad over the last seven days, which is an 18% drop from the previous week and the lowest count since the beginning of the pandemic. The demand is still hot - there were 85 new pendings - but if the inventory...
