For months the talking heads have cited the ultra-low rates, the shortage of new homes being built, stock market, millennials, covid, etc. as reasons why the real estate market has exploded. Let's add a few no-so-obvious reasons. Did we fully recover from the last...
Hopefully this will come as a relief to home buyers here - hat tip just some guy: When a house in Berkeley sold for more than $1 million over its list price in late March 2021, it was covered in media outlets across the Bay Area, including this one. While the Berkeley...
The frustration among buyers on how listing agents handle their multiple offers is continuing to mount. Because there isn't any guidance from the industry, listing agents just make it up as they go - and in most cases, they just pick their favorite without any...
It's getting to the point where it is so competitive that buyers will be tempted to make offers without contingencies to improve their chances of winning. But let's face it, they would do so reluctantly. Sellers should be very cautious about taking an offer with no...
Zillow is optimistic that we will see more homes being listed for sale: In prior years, inventory has generally increased in March, and the return to some seasonal normality is a positive sign that the market is reaching a more steady state and could see inventory...
San Diego had positive gains straight through the Covid-19 era: San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg January ’19 251.30 -0.2% +1.3% Feb 253.69 +0.9% +1.1% Mar 256.40 +1.1% +1.2% Apr 257.63 +0.5% +0.8% May 260.08...
Yesterday we saw that more than half of the NSDCC houses sold over the last couple of months have closed for a price that's higher than their list price. Another difference from previous years is the efficiency. Typically, there are only around 55% to 60% of the...
The trend of paying over the list price continues! NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% 1/2April: 57% Most sellers and agents are happy just to get 1% to 5% over list. There were only 18 of 173 (10%) that sold for a...
Here's the first quarter breakdown so you can see how your area compares with others: NSDCC First Quarter Sales By Area Town or Area Zip Code New Listings, 1Q Closed Sales Median SP Active Listings Today Cardiff 92007 34 27 $2,050,000 13 NW Carlsbad 92008 62 39...
While it feels like the inventory-less frenzy, there have been enough houses coming to market to set a new record for the number of 1Q sales: NSDCC Sales, First Quarter Year New Listings Closed Sales, 1Q Median Sales Price Median DOM 2012 479 230 $811,750 76 2013...
