Buyers who worry that their money doesn't get them much these days will be bummed to hear that it's probably not going to change. The changes in the market forces are conspiring together to create less inventory, and a couple of big blows this year could really drive...
My quick tour of the home that garnered ten offers:
Sales are down, and listings are sitting longer, so it would be easy to assume the market is dead. Buyers want it to believe the market is dead so they don't have to act. They are seeing everything though doom-colored glasses, which reinforces that it's a great time...
The market will coast through the next few months, and then pick up during the selling season when both buyers and sellers decide to quit dancing around and just go for it (after they see others doing it too).
If there was a big surge of listings that weren't selling, then we'd know for sure that the local market was in trouble. But we got so spoiled by the super-frenzy conditions last year where everything was selling right away that we forgot what it's like during a...
For new homes, it's mostly just infill projects now in the prime areas so even the big boys are looking for smaller projects. It looks like Toll picked this up for $12 million last October, and they are going to build 4,765sf to 6,036sf houses that are the same or...
These guys are among the most negative in the business, so if they have San Diego County home prices changing -3.65% between now and the end of 2023, and then -2.9% by the end of 2024, then prices in the better areas will be positive. The most likely to happen is that...
After my blog post yesterday publicizing the confidence Zillow has in our local markets, guess what arrived today. Yep, their first installment of their next round (it usually takes 2-3 weeks to receive the full set): At the end of July, their prediction for Carmel...
I think we can say that summer is over, and the off-season is here. How will the rest of 2022 play out, and what will be the effect on the 2023 Selling Season? We know that the local NSDCC sales counts will be low for the rest of 2022. Last year we had 136 closings...
The latest Zillow 1-Year Forecasted Values are still expecting a fairly strong appreciation rate over the next year - these estimates are the same or higher than last month! I can see a path to how this could happen. The Spring Selling Season gets frenzied up for 3-4...
