Momentum going into 2022 is strong, given that the Over List percentage has gone up the last two months: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% July: 64% August: 55% September: 41%...
Brian and Yunnie got together for a preview of 2022. Yun touted his usual vagueness and Brian touched on a sensitive subject that long-time blog reader Chris and I discussed yesterday. The shuffle of older agents leaving the business and being replaced by new-age...
In San Diego County, the excessive frenzy conditions have been driven by newcomers who don't have a house here yet, and who figure that they just have to pay what it takes to get one. It is those buyers that out-bid the locals. As those numbers dwindle, the frenzy...
A reader on Twitter wondered how rising rates will affect the 2022 frenzy. Here's what is expected today: Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest-rate policies with inflation accelerating and...
Are you looking ahead to the Frenzy of 2022? It's looking a little somber right now. Buyers will be scouring the market early, in hopes of getting a fast start in January. But we only have 43% of the active listings today that we had last year at this time, which...
As hot as our market is right now, it sure seems like we will get off to a fast start in 2022! The first house mentioned in this video is linked here. The LCV home was listed for $1,695,000 and closed for $2,000,000 for a 2,438sf tract house built in 2000 on a 9,198sf...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Our Big Three zip codes - where you can still buy a decent house for $2,000,000 - are still having more pendings than actives...
Virtually all of the ivory-tower crowd thinks that pricing will settle down in 2022. They should take a good look at how 2021 is wrapping up. Admittedly, the San Diego market is at the extreme end, with our inventory enduring the biggest YoY dropoff anywhere in the...
'Deceleration' at +24.9% YoY compared to when our market was just ramping up for the year-end frenzy of 2020? I'll take it! San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg Jan ’20 264.04 +0.2% +5.1% Feb 265.34 +0.5% +4.6% Mar...
Excerpts from this article about real estate soliciting - it's going to get crazier! Hat tip to just some guy: Jennifer Folden-Nissen's three-bedroom, Victorian-style house in Duluth, Ga., isn't for sale. But that hasn't stopped a guy calling himself Henry from...
