This is the breakdown of the NSDCC active listings. Only 38% of them are in La Jolla and Rancho Santa Fe, so there are plenty of more reasonably-priced options. But the common thread of these unsolds is that they must not be trying too hard to sell. I say that because...
Due to another glitch in the SDAR MLS, the sales prices are missing the last three numbers on the NSDCAR listings that sold this week (so much for data-sharing!): The first 13 are in the sales count, but I took them out of the pricing statistics here: The July sales...
Let's judge this year by comparing the quarters vs. 2024: Here's how the market did between La Jolla and Carlsbad: Buyers enjoyed the additional listings in the first quarter as sales and pricing both grew considerably. But as the listing count kept growing, sales...
The market may seem a little soft but 24% of the buyers are still paying over the list price. About half of those were under $2,000,000 which is understandable. If some segment of the market is still competitive enough to warrant an over-list offer, it would be the...
Based on the current market conditions, it's going to be a long cold winter. I can go on and on about the sluggish market, but it doesn't matter. Over the next three months, all that matters is whether sellers are motivated enough to move that they surrender. Give up...
This agent is expressing the same thoughts being told to sellers all across the country today. The vast majority of realtors have only known a raging seller's market over the last 15 years, and they don't know any different. But what if the buyers don't come? It's why...
These graphs are updated on the first of the month so these are the latest numbers and they are interactive so you can scroll over to see the individual data. These are tracking the Coastal North region of SD County. You can see the average and median cost-per-sf is...
Bill is showing a 9.4% decrease in SD May sales, year-over-year. But around the north coastal area, sales have been holding up. The NSDCC sales in May were +7% YoY, and for the first five months, it's +6%! We can live with those! The number of off-market sales (which...
Usually, the lowball season is limited to the 4th quarter each year. With the excess inventory today, some buyers will be attempting to get a deal now. Buyers - Where do you start? Getting a deal on a fixer can be counterproductive because of the time and money needed...
Hunch: 'Rebalancing' might take longer than expected. Executive Summary San Diego housing market exhibits a pronounced -2.38% YoY price decline with 3,245 unit surplus inventory, creating a buyer-favorable landscape with 29.6% of listings showing price cuts (+50.3%...
