To demonstrate further how the momentum is building, let's look at SE Carlsbad. 4th Quarter SFR Closed Sales Between $2,000,000 and $3,000,000 in the 92009: 2023: 9 2024: 23 The optimism coming off the election helped, because ALL of these went pending since November...
There are 20% more active listings, and 21% more pendings than we had last December - a monthly trend here in the fourth quarter of 2024 as the demand is keeping up with the supply. Compare it to August when there were 26% more homes for sale year-over-year, but 17%...
Some of the active home sellers aren't detecting any reason to stop trying. With 45 new listings in the last week, we're back up to 401 NSDCC houses for sale - what off-season? If you haven't cancelled your listing by now, you're plowing through Christmas and into the...
My Reasons Why NSDCC Inventory Will Surge in 2025: 1. Been trending that way - there has been 15% more NSDCC homes for sale this year than in 2023. 2. Since October 1st, there have been 90 more listings that cancelled than last year. They'll be back! 3. Prop 19 was...
As usual, the pricing forecasts for next year are varied. How do we know what to expect? The average and the median is +3.55%. Two entities picked +2.3%. Just go with the highest at +10.8%? Moody's, the leader of the Doom Squad, just couldn't say flat. They had to go...
Another month where the percentage of buyers who paid over the list price was around one out of five, while exactly HALF of the buyers paid at least $100,000 UNDER the list price! There were 11% of the sales where the listing agent also represented the buyer too....
It's just one example but how about this - it's also our fifth sale since election day. An old guy once told me, "The market is as hot as you want it to be!"
The year-end slide of the local non-seasonally-adjusted Case-Shiller Index looks like it will last twice as long this year. In 2023, it was a relatively-brief three months, but this year the pricing turned in mid-summer. Expect the same result in 2025 - the prime...
Meredith is at it again......predicting the silver tsunami. She doesn't present any evidence or data to prove it's happening or when or where it will happen. She's just getting paid for being an ivory-tower doomer: In fact, the article pretty much rebuffs the whole...
Realtor.com, owned by News Corporation, has thoughts on how Trump will affect the real estate market: On the campaign trail, Trump had blamed rising home prices on a surge of illegal immigration during the Biden administration. He also claimed that he would somehow...
