Month: May 2023
Cruising The Frenzy
Above is a sampling of the 163 NSDCC detached-home sales in May! Some details here:
NSDCC Pricing Comeback
Anyone who thought the long slide last year was just the beginning has to be sorely disappointed now. This is the greatest comeback of all-time!
South Carlsbad/Encinitas 1967
Here's a sky shot of the South Carlsbad/Encinitas region in 1967. The La Costa Resort opened in 1965 (in the center of the photo) and another nine holes was added on the north end in 1984....
Olivenhain Mid-Level
With $2,000,000 fast becoming the entry point for older tract houses, this is a good example of what to expect at the next level up - this closed for $3,180,000. There have already been eight Olivenhain sales that closed higher this year!
San Diego Case-Shiller Index, March
Our YoY change is more negative this month because in early-2022 it was flying - the local Case-Shiller Index went up 11% between January and April last year! We had the second-highest MoM gain in the country: Here's another guy who ignores the seasonal trends and...
Memorial Day
Originally called Decoration Day, from the early tradition of decorating graves with flowers, wreaths and flags, Memorial Day is a day for remembrance of those who have died in service to our country. It was first widely observed on May 30, 1868 to commemorate the...
Inventory Watch
The stacking up of unsold listings took a breather this week. It was the best week of May for both the lowest number of new listings (43) and most new pendings (37), which is remarkable, considering it was a graduation/holiday week for many. Hopefully it's a sign that...
Debt Ceiling Deal
It's not passed yet but this is earlier than I expected so hopefully they can get it done in time. Mortgage rates are like gasoline prices though - quick to go up, and sloowww to come down. If they can pass this by Wednesday/Thursday and rates improve a little by the...
Best Places to Retire 2023
You have to wonder about a list that that has no California metro areas in their Top 100, but includes New York City at #14 and Flint, Michigan at #64. To identify the best places to retire, U.S. News analyzed data for the 150 largest metropolitan areas in the U.S....
