The number of May sales dropped month-over-month, even when we tack on another 10-25 late-reporters to the current tally: NSDCC April sales: 357 NSDCC May Sales: 294 The April, 2021 sales were 35% higher than in April, 2019, but this year's May sales were about the...
There is plenty of interest in home-buying but the number of showings has been dropping in the state. It may be due just to pricing - today there are only TWO homes for sale between Carlsbad and La Jolla that are priced under $1,000,000. One is a short-sale, and the...
FreedomCM asked if people who attend the open house have to self-certify that they have been vaccinated. This is the new form (above), which - like the previous form - just wants you to state that you don't think you have the bug. It is a thinly-disguised way for the...
To help get a sense of the frenzy conditions, let’s monitor the number of active & pending listings per area. If the active (unsold) listings start to rise, we will know that pricing is becoming an issue. But so far, the demand for detached homes between Carlsbad...
If you enjoy reading stories on the real estate insanity around the state and elsewhere, here's a solid collection of 100+ over-list examples and buyer despair: https://twitter.com/sallykuchar/status/1396863249409183752 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
For us data geeks, here are some raw numbers to ponder. Between La Jolla and Carlsbad, there are three prime zip codes - 92009 (SE Carlsbad), 92024 (Encinitas), and 92130 (Carmel Valley) - that are the dominant target zones for buyers of the mid-range home (which...
Here's a great snapshot of how the vast majority of listing agents handle multiple offers. They just grab one, and kiss off the rest - which isn't good for the sellers, it's not good for the losing buyers who might have made a better offer if there was a...
In last Saturday's blog post, I mentioned three reasons why San Diego real estate was undervalued, and pondered that there are new market forces in play that we haven't seen before. While people will scoff at the idea that it could be different this time and insist...
The frenzy conditions have been building for years - see this old blog post from 2017 (above). We were discussing it all through the second half of last year that the 2021 Frenzy was going to be huge, and the signs were so obvious that even Ray Charles could see them!...
To gauge the frenzy intensity, let's monitor the number of active and pending listings per area. If the count of unsold homes starts to rise, we will know that pricing is becoming an issue. NSDCC Actives and Pendings Town or Area Zip Code Actives/Pendings, Feb 2nd...
