Bill's charts give us a good feel for the San Diego market. Sales are doing great - April sales were better than last year: The new listings are in check too. About the same as last April: But here's the problem. The supply is overwhelming the demand: The number of...
The tariff talk is settling down, the stock market looks fully recovered, we got a new pope, and the President is getting a new airplane. Can we get back to selling homes now? Usually we consider a 'healthy' market to have a ratio of 2:1 actives-to-pendings. Above is...
Buyers aren't crazy about signing a three-month contract just to see homes for sale - and neither are the buyer-agents. Every problem with home sales will get solved by cutting out the buyer-agent, even though it's bad for buyers....
According to Opendoor’s new First-Time Home Seller Report, the COVID-era buying spree is not only over, it is biting back. The low-interest rate buying frenzy in 2020 and newfound flexibility with remote work led to a wave of regret - 79% of first-time home sellers...
A reminder how all real estate is local....pricing in San Diego is holding up ok. There are an amazing number of green dots, but for us, Flat City will do for now. [button...
I give the Over-List sales plenty of attention. How about the Under-Lists? Most buyers today (55%) are paying under the original list price. Back in the 2022 frenzy days, only 12 of 142, or 8% of the sales under $3,000,000 sold for less than their original list price...
Another 82 new listings between La Jolla and Carlsbad hit over the last week. It's the highest weekly total since July, 2021. Today there are 524 NSDCC active listings - the most in 5+ years! The flow has been fairly orderly though. The number of pendings increased...
After three weeks of uncertainty, buyers emerged at the end of April: https://www.compass.com/listing/4949-san-jacinto-circle-west-fallbrook-ca-92028/1801067495862896353/
April is usually a contender for best statistical month of the year. In 2023, April lost out to May for the highest percentage of sales that closed over the list price, and last year's early start had March be the year's winner in the category - with April in a close...
Let's compare the year-to-date action to last year! The sub-markets in green are holding up nicely. The additional listings coming to market are being absorbed, and the current number of active listings are around 4 months' worth or less. Rancho Santa Fe is a good...
