Here are the active and pending listings for each area. We consider a ratio of 2:1 actives-to-pendings to be a healthy market, and five of the 12 areas are 2:1 or better, and seven of 12 are 3:1 or better. For everything we've been through, that's pretty good! Two...
As we roll into the Lowball Season, we're reminded of what happened in Carmel Valley at the end of 2022. Everyone's home equity was built up fast and easy over the last 3.5 years, and the more desperate sellers might give it back in big chunks if they had to....and...
Given that mortgage rates have been above 7% since the beginning of July, it's incredible to see August having the highest sales count for 2023! September is looking pretty good too - there have already been 57 closings this month. The pricing is holding up too. What...
Unless you are among the very affluent, you need to move out-of-state to make it worth selling your home in San Diego. If that looks inevitable, do it while you are younger and can handle the challenge! Start by going through your stuff - your kids don't want it and...
It's good to see that last month had more sales (159 vs 147) than in June - which also had two more business days! Let's combine the two months to soften the July drop median sales price and compare to previous years. The plunge in sales has to be discouraging to...
Of all the higher-end metros, San Diego is doing the best this year! To see the rest of the Top 100 markets, click here: https://twitter.com/NewsLambert/status/1686805363557888023
The average and median sales prices last month were similar to what they were in December, even though the same percentage of buyers paid over the list price. It might make you think that this market is retreating quickly! But look at the difference of the number of...
We've received ELEVEN offers on our new listing at 7114 Columbine! The five cash buyers have declined to go any higher, so the six financed offers will be competing today for the win. We sent all of them a highest-and-best counter with a 4pm deadline today. Meanwhile,...
Though the local inventory has ticked up a bit, San Diego still has an extreme shortage of homes for sale. Santa Clara is probably the most interesting metro though. For all the stories about tech layoffs, there sure doesn't seem to be a mass exodus - inventory is...
The Carlsbad market has been surviving quite well - there are 14% more pendings today than last July. The other areas are all above the 2:1 ratio of actives-to-pendings (our standard for a healthy market). The number of actives in Encinitas DOUBLED in less than a...
