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. Our Big Three zip codes - where you can still buy a decent house for $2,000,000 - are still having more pendings than actives...
Virtually all of the ivory-tower crowd thinks that pricing will settle down in 2022. They should take a good look at how 2021 is wrapping up. Admittedly, the San Diego market is at the extreme end, with our inventory enduring the biggest YoY dropoff anywhere in the...
'Deceleration' at +24.9% YoY compared to when our market was just ramping up for the year-end frenzy of 2020? I'll take it! San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg Jan ’20 264.04 +0.2% +5.1% Feb 265.34 +0.5% +4.6% Mar...
Can we learn from the past frenzy periods? We didn't have the huge price increases in 2001-2002 mostly because there was plenty of inventory to go around. It was more of a sales frenzy, which finally started to slow in 2004 as prices exploded. I left out the 2007-2011...
The insanity is finding a comfortable range.....until next spring: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% July: 64% August: 55% September: 41% October: 45% A slight uptick in the overall...
People are leery when the squid speaks, but they could be right about additional price gains in 4Q21. Here's why: We had a 15% increase in the NSDCC median sales price between September, 2020 and January. There will be fewer sales this year, which typically provides...
Rob Dawg suggested that the total volume of the frenzy must be remarkable. Both sales and pricing are higher, and the higher-end markets have never had it so good. NSDCC Total Sales Volume, First Three Quarters of the Year Year # of Sales Under $2M Dollar Volume # of...
Here is where the cooling-frenzy shows up. The number of buyers who are willing to pay over list price is dropping: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% July: 64% August: 55% September:...
The 3/4 Report! NSDCC Detached-Home Listings and Sales between Jan 1st and September 30 Year # of Listings # of Sales Median Sales Price # of Sales Over $2,000,000 2017 3,888 2,385 $1,230,000 459 2018 3,977 2,166 $1,320,000 464 2019 3,947 2,148 $1,320,000 478 2020...
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. It's interesting to see that the total number of actives and pendings are so similar - as close as they were in late-June as the...
