Here are the big hitters in the L.A. luxury market talking about today’s conditions, and the PLS:
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024
- (858) 997-3801 call or text
CA DRE #01527365, CA DRE #00873197
We need more people like Steve
Steve Kerr on today's tragic shooting in Uvalde, Texas.
Average price of a new home in the US...
2021: 435k (+21% YoY)
2022: 570k (+31% YoY)
This applies to the resale market too.
Why are new home sales falling when median prices are rising?
Per @calculatedrisk builders shifted from selling cheaper homes (to compete with foreclosures circa 2009-12) towards pricier ones, esp of late
Sales above $500K: 43% in April vs 17% in Q1 2020 https://www.calculatedriskblog.com/2022/05/april-new-home-sales-decline-sharply.html