*not done yet! In spite of the most controversial election in the history of America - one that could have been much more distracting - the NSDCC sales in the second half of 2024 were phenomenal. The number of second-half sales rose 13% year-over-year, and the median...
Oh geez, did Jim say something about prices going down? Yes, and isn't it inevitable in areas where there is more supply than demand? Sure, we can always reflect on Rancho Santa Fe where having your home languish on the market every year is a rite of passage. Somebody...
If there is a surge of inventory in early 2025, what will happen? Here are the choices: Frenzy - With rates stubbornly high, the best case is a mini-frenzy where buyers engage in bidding wars for only the top-quality listings. Some of the insanity bleeds over to the...
Last week there were 386 NSDCC active listings, and today there are 343 - a difference of 57. Impressively, there were 25 listings that were marked as 'pending' in the last week! But it also means that a load of the unsuccessful sellers of 2024 will be back early next...
Kayla is in town so we were trying to do the more-professional looking videos, which for me means doing a more-formal introduction of myself for those new to our Instagram channel. On the same day, Robert Reffkin appeared on CNBC and said that research shows that...
I guess if we're doing billboards it's not much of a secret any more. Selling Compass listings off-market to buyers of other Compass agents is legal and within the rules of the Clear Cooperation Policy. The CCP doesn't allow public advertising of individual homes, but...
I think we are in for several monumental changes in the market conditions next year. Some will be quick to label it a simple change from a seller's market to a buyer's market and leave you hanging. But it is a description that needs more definition - specifically,...
In the last couple of years, we’ve followed how many new listings come to market in January. It’s been a good indicator of what to expect for the Spring Selling Season! In past Januarys, the guesses spanned a reasonable range and usually the winner was somewhere in...
The was the Inventory Watch report in mid-December last year: Today's report: The NSDCC median list price today is $3,895,000. (It was higher than $4M until April 15th this year). There are 22 houses for sale priced under $1,500,000 between La Jolla and Carlsbad. The...
Last Friday I had my nine reasons why inventory is going to surge in 2025, and it's going to start up in January just like it did this year. It wasn't a bad thing in 2024 because NSDCC sales have increased +6% year-over-year as the demand picked up some of the extra...
