It's one thing to note that showings are well under the peak frenzy era of August-November. But today's showings are also well below what they were in July 2019, which was a fairly flat market then. Is the demand falling apart? Or is it due to lower inventory? Let's...
The percentage of buyers who were willing to pay over list reached another all-time high in July: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% July: 64% There were 33% of the total sales that...
It might feel a little soft in other places, but the newer Davidson homes are always going to be popular. Here's an example in La Costa Oaks where two model-match homes sold a month apart and both fetched a similar premium. Here's how the second one looked:
Buyer fatigue has hit San Diego’s real estate market as some people are taking a break after making offers on several homes to no avail, according to several real estate agents. “In my opinion, I feel the buyers are feeling beat up and a little tired,” said Dawn...
Do sellers buy first, or sell first? Most want to use the equity in their current home to buy the next one. But if you sell first and can't find a replacement, you could end up homeless, and/or having to move twice - once into a (very expensive) rental, and then move...
It's looking more normal every day, though by the time the last sale is recorded, this month's total should be around 300 sales (though the median SP will say about the same at +29% YoY): NSDCC (La Jolla to Carlsbad) July Sales Year Number of Detached-Home Sales...
Fewer showings than in the first week of January? Well, the market was cooking right up to Christmas and then fired up quickly again this year, which created a solid 12-month frenzy. But now there are fewer showings than in 2019 too? How did that turn out? You can say...
Random thoughts: Having 130 NSDCC homes in June sell for $100,000+ over list price should be an all-time record. If we had half that many, it would be astonishing! But those were decisions made in April and May. It feels like the market is in the deceleration stage,...
As we roll into the post-frenzy era, we'll see more national news about the changes - but all we know for sure is that it's less hot than it was. Note the gray line above. Fannie Mae said "Consumers are increasingly adamant that it's a good time to sell, bad time to...
The percentage of buyers who were willing to pay over list reached another all-time high in June: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% There were 37% of the total sales that closed for...
