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...
A reporter from the New York Times accuses realtors of doing work-arounds to the NAR Settlement and steering buyers away from for-sale-by-owners. The 30-minute podcast tells stories about a realtor who started her own website to display the commission rates she was...
Can we find some positivity in today's market? Are we about to turn the corner? There is enough doom out there that even our head cheerleader is grumpy. But there are reasons to be hopeful. The tariff talk seems to be settling down, and Trump should start making...
San Diego Case-Shiller Index, Not Seasonally Adjusted In 2024, the big action was in the first quarter, and it cooled off quickly after that. The index rose 8.4% in the first five months, then gave back 3.1% the rest of the way. It looks like we'll be lucky to hit...
Trump is urging Powell to lower rates, and the Fed chief is going to cave. Powell will lower the rates. I guarantee it. He's going to lower his Fed rate by 1/4%, and say, "There you go!" This is 2025, and we're in Flat City. There is no help coming. Homes for sale are...
Homeowners put a lot of faith into their zestimate. They've been receiving their monthly updates for years and years now, and it's like an old friend. It's been so long that they forgot the doubt and mistrust of the zestimates in the beginning, and now figure their...
