Rob Dawg suggested that the total volume of the frenzy must be remarkable. Both sales and pricing are higher, and the higher-end markets have never had it so good. NSDCC Total Sales Volume, First Three Quarters of the Year Year # of Sales Under $2M Dollar Volume # of...
Here is where the cooling-frenzy shows up. The number of buyers who are willing to pay over list price is dropping: 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:...
Most of the country is experiencing increases in their inventory, but not San Diego. This is why I think our frenzy could - and should - be as hot today as it was last year, but there just aren't enough homes for sale. The count of active listings is half of what it...
The 3/4 Report! NSDCC Detached-Home Listings and Sales between Jan 1st and September 30 Year # of Listings # of Sales Median Sales Price # of Sales Over $2,000,000 2017 3,888 2,385 $1,230,000 459 2018 3,977 2,166 $1,320,000 464 2019 3,947 2,148 $1,320,000 478 2020...
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. It's interesting to see that the total number of actives and pendings are so similar - as close as they were in late-June as the...
While we're talking about the median sales price of detached-homes in San Diego County, let's review the last ten years. There usually is some dropoff towards the end of the year: The last frenzy in 2013 saw the median sales price increase 26% between January and...
One factor that will slow down the exodus is the increased difficulty of moving out of state - it's not easy, or cheap, to buy a home outside of California any more. But fewer people leaving will mean less inventory - and could ramp up the frenzy in 2022. The...
Why you should Get Good Help! Kim Rohrer was looking forward to leaving the leaky windows in the two-bedroom Berkeley rental duplex that she shared with her husband and two small children. The couple recently found a three-bedroom, two-bathroom chalet-style house in...
Hat tip to Rob Dawg for sending in the second forecast that is predicting our home prices will continue to rise: While home price changes on the local level vary, July gains across all of the top 10 metros surpassed their 2020 levels. However, metro areas where...
On one hand, it looks like the national Case-Shiller Index is up about 40% since the previous peak (above). But after adjusting for inflation, Bill shows how home prices are about the same as before:...
