Last year the NSDCC sales were the lowest on record. We were already thinking that if the 2023 sales could get to 80% of that number, it would be great. But if mortgage rates spend the next ten months over 7%, what will be the annual sales count for this year? Maybe...
Are you thinking about selling your home and are trying to identify the strategies used by listing agents to get you top dollar with minimal inconvenience? Are you finding that agents aren't real specific about how they do their business, and just want you to trust...
Let's revisit yesterday's graph and add the sales to compare the relative health of the market. If higher mortgage rates were stopping home buyers, then sales would plummet, especially in relation to the number of listings. But if the number of listings plummets too,...
Our buyers had to beat out four other offers to get a great deal on this La Costa gem on a huge 13,696sf pie-shaped lot at the end of the cul-de-sac. 2112 Sereno Ct., Carlsbad 3 br/2.5 ba, 1,801sf YB: 1978 No HOA 0.31-acre lot LP = $1,299,000 SP = $1,290,000 This...
As you can tell in the graph above, there hasn't been a flood of inventory (yet), and the number of pendings is rising steadily. All of the frenzy conditions are in place this year, just like they were since the pandemic broke out and inventory plunged. The casual...
Jessie says we are in the top 3% of local realtors, which means she is counting 16,000+ agents in the county. She doesn't include out-of-area or off-market sales, and because we made it into the Compass Top 50, we're hoping it might mean we're a little higher. Stay...
Ok, ok - North Carolina is too far, and Arizona is too hot. How about moving to Mexico? Mexico is the ultimate vacation destination, with thousands of miles of beaches, mouthwatering cuisine, fascinating culture, and traditions steeped in thousands of years of...
It was last year when Olivenhain homes selling for $3,000,000+ became a regular occurance. This house? 2019: $2,310,000 2023: $3,965,000 (+72%) Here is a glimpse: There were two new Olivenhain listings today that were priced over $5,000,000!
Just what we need - a new model that comes to the same wrong conclusion...... A new model of forecasting home prices based on consumer demand predicts that prices for housing will decrease by 5% nationally and 12% in San Diego County by the end of this year. The...
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. Most areas look healthy (ratio of 2:1 or better), and those in red have very similar to numbers to last spring which was probably...
