Sometimes it's easy for homeowners to make the decision to move, and for others it takes careful deliberation to come to the right conclusion - and it's relative to how much they love their home, and if they can do better. It took months of discussion to decide to let...
Month: October 2021
San Diego Case-Shiller By Tiers
https://journal.firsttuesday.us/san-diego-housing-indicators-2/29246/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ With the supply and demand so out of balance on the lower-end, it's incredible to see that the high-end is out-performing with faster...
Declining Inventory & More Sales
We keep hearing people say that the inventory is rising...........but is it? Bill's chart shows how different the San Diego inventory is compared to all the others: Ten of his 22 metros did have increases in their inventories, month-over-month! But MOST had declines,...
Zillow Offers Takes a Break (?)
Hat tip to GA for sending this in: Zillow Group Inc. is taking a break from buying U.S. homes after the online real estate giant’s pivot into tech-powered house-flipping hit a snag. Zillow, which acquired more than 3,800 homes in the second quarter, will stop pursuing...
Inventory Watch
Actives and pendings are plunging at about the same speed now. You can't buy what's not for sale! Today's NSDCC median list price is $4,397,500, which is 16% higher than it was on June 7th - which is about when the frenzy seemed to lose some steam. As long as the...
San Diego Has Water
More about our local water situation - an excerpt from nytimes.com: LAKESIDE, Calif. — In many parts of California, reminders abound that the American West is running out of water. “Bathtub rings” mark the shrinking of the state’s biggest reservoirs to some of their...
High Desert
How about moving to the High Desert? It's close enough to San Diego that you could re-visit when necessary, and once we get self-driving cars, you could commute! Here's a link to the 67 homes for sale in Joshua Tree today: https://cmps.re/5RLVsX7 Here's a link to...
Carlsbad Custom
The developer sold these last five lots separately so buyers could build their dream home. Here's a custom 2,143sf one-story house overlooking the lagoon that's priced at $2,388,000. It fell out of escrow once, and went right back in - currently pending:
More Appreciation in 2021?
People are leery when the squid speaks, but they could be right about additional price gains in 4Q21. Here's why: We had a 15% increase in the NSDCC median sales price between September, 2020 and January. There will be fewer sales this year, which typically provides...
Showings Are Flat
It looks like the California showings are reflecting the lack of new listings coming to market. For the last few months, it has felt like January (which is what this graph is indicating). Not many decent listings to consider, at any price - and hopes for something to...