In the last 24 months, there were two sales of $1,670,000 and $1,725,000 in the Ranch of Carlsbad. In the last 12 months, there have been three sales in the $2,500,000s. Now there are two sales closed over $4,000,000!
The percentages of sales closed over the list price are higher than in 2021, but will it continue? NSDCC Monthly Detached-Home Sales, % Closed Over List Price ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC Average...
There were foundation repairs here too:
Let's take a look at the covid history of one of our frenzy measuring sticks: NSDCC Sales-Price-to-List-Price Ratio: Month # of Sales Median List Price Median Sales Price SP:LP Ratio March 2020 206 $1,492,500 $1,445,000 96.8% Apr 156 $1,424,499 $1,390,000 97.6% May...
You can't spend too much time reading/watching the news recently without being well aware of the relatively unprecedented surge in mortgage rates seen so far in 2022. In particular, the month of March was one the worst on record with one individual week in March...
Now that we are grappling with 5% mortgage rates, people are wondering how it will affect the market. The common perception is that there will be pullback. What that means isn't defined - it's just a vague concept that the logical mind wants to believe. But logic...
From yesterday's article, which also ran in the SDUT today: “There are so many strange things going on right now,” said Edward Seiler, the associate vice president for housing economics at the Mortgage Bankers Association. It has been 40 years since rates have risen...
The 2022 inventory is off to a slow start - and I don't expect it to improve much, in spite of record pricing: Year # of 1Q Listings Median List Price 2018 1,230 $1,592,500 2019 1,277 $1,575,000 2020 1,082 $1,712,500 2021 985 $1,899,000 2022 682 $2,575,000 The 682...
Well, the way it's been going, it was bound to happen! At least this house was fully remodeled, had a guest house (with double-tap kegerator!) and large pool all laid out nicely on a half-acre lot in the Ranch. This is the one I featured previously with the dozens of...
It can't be said strongly enough how important the visual impact is to selling houses in the Frenzy of 2022. The action is so fast, and with major life-changing decisions being made in minutes, that it is smart for sellers to take advantage and maximize the appeal...
