Here are two more charts from Bill that indicate how the San Diego market is bucking the national trend. Compared to last year, our inventory keeps going down! I don't know what property types are included in Bill's counts, but let's use the SDMLS count for number of...
You probably had to be a 70's kid to appreciate Jim Seals, who died at age 80 today. Here's one of their classics: https://youtu.be/1qlNoF0C_h4
Hat tip to CB Mark for sending this in! A few years ago, some friends appeared on a house-hunting reality TV show. They had a blast, but afterward, they revealed something that surprised me: It was all staged. They’d already purchased a house when they filmed the...
There was a slight decline in the percentage of sales closed over the list price in May, but it matched the peak month in 2021, and historically speaking, it still sounds wild that nearly two out of three buyers are paying more than the list price when we are at these...
Realtors are saying that the market is slowing, and Marc D. suggested that we define what that means: A slowing market is when fewer active listings are priced to sell. It is a result of..... Fewer buyers - Higher mortgage rates priced out some or most of the buyers...
While the market may be calming down, there are still properties selling for well over the list price!
Once we got past the Memorial Day weekend, the unsold listings continued their climb. Here's how the first week in June compares to previous years: NSDCC Listings, First Monday in June: Year # of Active Listings # of Pendings # Actives Over $2M # of Pendings Over $2M...
This listing hit the open market on April 18th, which was long after mortgage rates had gotten into the 5s. It went pending in the first ten days, but then it fell out of escrow three weeks later. By then, the doomer talk had escalated and reviving the market...
We are in New York City with daughter Kayla, her boyfriend Frank, and Rob and Andrea, the sellers of the Encinitas Ranch house who relocated to Brooklyn. Here's a tour of the home that Kayla sold them!
