Congrats to Mike for coming on board. With him generating market data regularly, we have as much to gain as anyone at Compass - look for more data from Mike here! He offered a question on twitter: Here is his response: He goes into more detail here. Because there is...
Oh you buyers are being very coy, aren't you. Go ahead - be very picky and patient these days about the homes for sale. Keep chuckling to yourself about how the inventory is fat and heavy with OPTs and prices seem to have nowhere to go but down. Enjoy it while it...
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%...
The entry-level homes have kept, or exceeded their value from the frenzy. Generally speaking, it takes $2,000,000 or more to buy a decent house between La Jolla and Carlsbad today. What about higher up? It was at the peak of the frenzy in early 2022 that three homes...
One of the best videos ever to describe the frenzy conditions - it's cooled off a little since April, 2021!
This is as far east as you can get in Oceanside, so it's not really much a coastal home when it's 4-5 miles away. But this is a great example of what is happening at the entry level of every market today!
This month's housing stats will benefit from an extra business day due to the leap year, but it will just be icing on the cake. The sales this month have already blown by last February, in spite of higher pricing. I think we can say that we're back to frenzy-like...
Another good way to anticipate the market trends is to check the direction of the SP:LP ratio: NSDCC Monthly Sales and SP:LP Ratio Month # of Sales Median LP Median SP SP:LP Jan 2022 149 $2,099,999 $2,200,000 105% Feb 169 $2,099,999 $2,300,000 110% Mar 219 $2,384,000...
On Monday morning, these were the counts of active and pending listings between La Jolla and Carlsbad: Actives: 312 Pendings: 149 This morning, the counts are: Actives: 286 (-26) Pendings: 164 (+15) These are pre-Super Bowl numbers and it's been pouring rain for a...
One house doesn't speak for the whole market but it sure felt like it was already peak selling season this weekend. We had 160+ people attend, received eight offers so far, and it's already $100,000+ over list:
