There have been more new pendings than new listings for four weeks in a row. This week's 54 new pendings is the highest weekly amount since the end of August! There are more pendings than actives today (232 vs. 229) and it's the week of Thanksgiving! At this time last...
The frenzy has been making headlines for so long that potential sellers are much more optimistic now. The 2022 Frenzy could look a lot different (i.e., list prices that start too high with sellers expecting even more). Bold added: Realtor.com's survey of 2,583...
We are wrapping up our sale in Encinitas Ranch, so I thought it would be a good time to comment more on the unconventional and remarkably transparent open-bidding process I employed to determine the winner. Here's where I described how it went down:...
Can we learn from the past frenzy periods? We didn't have the huge price increases in 2001-2002 mostly because there was plenty of inventory to go around. It was more of a sales frenzy, which finally started to slow in 2004 as prices exploded. I left out the 2007-2011...
The insanity is finding a comfortable range.....until next spring: 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% October: 45% A slight uptick in the overall...
For about the same money that bought this 5,000sf oceanfront house in Carlsbad in 1995 (above), you now get this in North Escondido - just closed for $1,050,000:
https://www.calculatedriskblog.com/2021/11/2nd-look-at-local-housing-markets-in.html Our drop in inventory is the most pronounced of any area in the country. During the previous peaks in pricing, more homeowners would gladly sell for a record price.....and parlay...
The NFL added a 17th game this year, and pushed back the Super Bowl to the second weekend of February. It will be about as long as buyers can wait, and the following weekend should be gang-busters. If you're not putting your home on the market in the next 2-3 weeks,...
The seller of our new listing in Encinitas Ranch has been discussing a move for six months. He contributed his decision to sell now primarily to what he read here on the blog. Specifically, that what appears to be a frenzy slowdown is NOT reflective of the market...
People are leery when the squid speaks, but they could be right about additional price gains in 4Q21. Here's why: We had a 15% increase in the NSDCC median sales price between September, 2020 and January. There will be fewer sales this year, which typically provides...
