Historically the market has felt healthy and balanced when we've had a 2:1 ratio of actives vs. pendings. Remember when the Ranch was 10:1 for years? Now look at the market - especially on the lower-end: NSDCC Actives and Pendings Town or Area Zip Code Actives...
Showings are already 20.2% higher than they were during the first week of January, which is double what they were last year. But the NSDCC listings in January are going to be at least 20% fewer, year-over-year. Last January we had 354 NSDCC listings, and today we...
Facing an upsurge in housing demand across the country, many home buyers are finding themselves in bidding wars for the limited inventory on the market. To win, buyers are trying to find ways to entice sellers beyond price—and at times are taking it too far, real...
Another wild bidding war! This one was in Del Mar, but on the far north end off San Dieguito Dr. which isn't the prime Del Mar village area (though close physically). Usually it's the creampuffs that attract all the interest and offers, but in this case it was a...
It was in June, 2011 that Ben Bernanke said at a live press conference: We have told the banks to handle their REOs…..long pause………..in an economy-supportive way. Oops. What he was GOING to say was “we have told the banks not to flood the market with REOs.” Since...
They didn't have any trouble selling this one for $75,000 over list price and closing in 24 days:
Rapidly-increasing home prices are nothing new in San Diego:
The term 'chasing the market' usually applies to sellers in a down market when they don't lower their price fast enough to get ahead of the new listings coming on that are under-cutting them. The reverse is also true about home buyers in a hot market. Those in the...
The days of wondering how much of a discount you could get off the list price have been replaced with hoping to limit how much OVER the list price you are willing to pay. For buyers, how much to pay is relative to how well the home fits all of your needs, and how...
Since 2017, there have been 15 RSF sales over $10,000,000, and this house accounts for three of them! It's a remarkable record that is unlikely to be broken: April 2017: $10,600,000 December 2017: $10,850,000 January 2021: $10,850,000 It's also a reminder that the...
