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The election season is over (even if the election is not), and the vaccine news today is positive – which should bring more certainty, and relief, to the real estate market.  If we just had more homes to sell!

What’s hot these days?

Yesterday, I got the last appointment to show this one-story home in Encinitas, listed for $1,600,000:

https://www.compass.com/listing/2222-silver-peak-place-encinitas-ca-92024/635047271721032977/

It must have been shown at least 20 times between Fri-Sun, and the agent said she had received multiple offers before we arrived.  All in the November rain during the week of a heavily-contested election!

Here are the NSDCC counts for the last six weeks:

New SFR listings: 408

New SFR pendings: 509

Median list price of pendings: $1,595,000

SFR closed sales: 500

Median list price of solds: $1,605,000

These numbers are staggering for ANY six-week period!

For the market to be this red-hot leading up to the election, during a raging pandemic, is truly remarkable.  These conditions should continue too, as long as new listings keep coming!

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