When comparing to the last reading there hasn't been much change, but the May 12th numbers were quite different - the number of actives today is now 15% higher, and pendings are 16% lower. But it had to go in that direction. The March-May period has to be the hottest...
The percentage of buyers who were willing to pay over list reached another all-time high in June: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% There were 37% of the total sales that closed for...
Here’s our bimonthly check on how the actives and pendings are faring. Two weeks ago it was suggested, “We were driving 135 MPH, and now we’re down to 127 MPH”. We're probably down to 100 MPH now. For the first time in months, the total number of active and pending...
Here's our two-week check on how the actives and pendings are faring. The Big Three areas (Carmel Valley, Encinitas, and SE Carlsbad) remain blistering hot, and overall we are similar to how Ryan described the Sacramento market yesterday: "We were driving 135 MPH, and...
Based on these closed sales, the local frenzy has been steady this year - though these are results of buying decisions made as far back as January and February. For the most part, we have as many or more sales, and the same or higher LP:SP ratios over the last 60 days...
To help get a sense of the frenzy conditions, let’s monitor the number of active & pending listings per area. If the active (unsold) listings start to rise, we will know that pricing is becoming an issue. But so far, the demand for detached homes between Carlsbad...
To gauge the frenzy intensity, let's monitor the number of active and pending listings per area. If the count of unsold homes starts to rise, we will know that pricing is becoming an issue. NSDCC Actives and Pendings Town or Area Zip Code Actives/Pendings, Feb 2nd...
