There were 23 buyers who paid over the list price last month. There were 29 in the previous month, but because there were 20 fewer sales in December, the percentage looks much larger.
Cash buyers purchased 41 of the 107 sales, or 38%.
Fifteen of the sales were round-tripped (buyer and seller represented by the same agent). Thirteen of the sales had zero days on market. Of those, six were round-tripped.
With all the desperation among realtors due to the lower volume, you’d think the shenanigans would be rising faster, but those numbers are fairly normal. Last January, there were nine of the 105 sales that had zero days-on-market.
Our lousy pricing metrics stayed towards the higher end of the 10% range:
NSDCC Monthly Sales and Pricing
With the hot CPI report today, mortgage rates should be heading higher and take some of the buzz out of the marketplace. Get an FHA or VA mortgage and save 3/4%!
Comment section is working again!!
Hi Jim. Can you comment on Oceanside please. IIRC, Oside isn’t addressed in your NSDCC analysis.
Checking system
I’m trying to get the blog working faster/cleaner. Any changes today?
Hi no_techie and I’m so glad we got them into a great house! I’m going to come over for a swim!
The problem with including Oceanside is its size. The population is 173,000+, and I can barely cover the 300,000 people in the NSDCC.
It’s the perfect house for them and will give them many happy years of pool fun. They didn’t have a pool on their wish list, but the right house came along. Lots of repairs and updates are in progress and the house will soon shine!