Month: October 2021

Foreclosures Surging?

The post-frenzy headlines will revert back to their usual negative slant. Will home buyers read the entire article? Or jump to their own conclusions? Here are the actual numbers mentioned: States with the largest number of new foreclosures were: California: 3,434...

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Bay Area Exodus

The San Diego housing market is a popular choice for those who are leaving the Bay Area (population of 6,404,512 in the five counties). It's looks like more are coming - a report from sfgate: Joint Venture Silicon Valley, in partnership with the Bay Area News Group,...

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Frenzy Volume

Rob Dawg suggested that the total volume of the frenzy must be remarkable. Both sales and pricing are higher, and the higher-end markets have never had it so good. NSDCC Total Sales Volume, First Three Quarters of the Year Year # of Sales Under $2M Dollar Volume # of...

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C.A.R. Forecast 2022

The association is predicting that home sales in California will drop next year, but has a typical guess for the statewide median sales price - expecting a 5.2% rise in 2022: 2022 Their predictions for this year were terrible - they thought pricing would go nearly...

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Inventory Watch

A year ago, there were 605 active listings between La Jolla and Carlsbad, and 470 pendings. Today, there are 274 actives, and 278 pendings (which is -55% and -41% YoY). Buyers didn't hit the brakes last year when we had twice as many actives, so it will probably take...

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Frenzy Monitor

The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. The number of pending listings is almost the same as the number of actives. It's feasible that their paths could cross again in...

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