Here is where the cooling-frenzy shows up. The number of buyers who are willing to pay over list price is dropping: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% July: 64% August: 55% September:...
Most of the country is experiencing increases in their inventory, but not San Diego. This is why I think our frenzy could - and should - be as hot today as it was last year, but there just aren't enough homes for sale. The count of active listings is half of what it...
At the Belly-Up tonight! The benefit show tonight raised $140,000 for the NAMM foundation! Security is tight so you only have one opportunity to get a minute or two of video - this was my shot tonight (she is 74 years old!):
Elon Musk may have just surpassed Amazon Founder Jeff Bezos as the richest person in the world (at time of press), but with a net worth of $191.4 billion and owning the properties he does, he’s not bound to lose any sleep over the news. Bezos, like other billionaires,...
There might be a few stragglers left to report, but this gives us a good reflection of how the summer wrapped up after the frenzy started cooling in June: NSDCC September Sales Remember when sales prices were lower than list prices? The median sales price in September...
This latest survey by realtor.com shows that only 11% of homebuyers are concerned about the drought (just edging out the sinkholes!): Homeowners were the most concerned about tornadoes, at 39%; severe cold or winter storms, at 38%; flooding, at 35%; hurricanes, at...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Speaking of Zillow, they also said in this June article that San Diego home prices would rise 24.7% by May. How are we doing? There has never been a great measuring stick for home prices, but let's look at the most common ones:...
Here are the latest guesses from Zillow that they've sent me over the last month. They agree with me that next year will be rip-roaring! In parentheses are the percentage increases for the last year: NW Carlsbad 92008 (+28%) SE Carlsbad 92009 (+30%) NE Carlsbad 92010...
It's hard to believe that we got smoked by Cleveland, Chicago, and Detroit (and Ventura didn't make the list!), but our housing cost is a barrier. They have many reviews of each city, and for those who take politics into the decision-making process, these links...
There is nothing normal about the number of homes for sale today: Date # of NSDCC Active Listings # of Pendings Oct 8, 2018 999 307 Oct 7, 2019 964 305 Oct 5, 2020 619 462 Oct 4, 2021 301 276 We have almost the same number of pendings as we did when there were 3x as...
