Between trying to watch the Padres game on my phone and the crowds of people looking at the house yesterday, I couldn't get any more footage than this: After having roughly 300 people attend the two open houses, we have received 14 offers! We have countered all of the...
This is shaping up to be the craziest Sunday of the year!
The national bashing of the real estate market continues unabated, and I'm sure there are individual markets that are really feeling it. But real estate is local, so let's examine the facts. To get a sense of what has been happening since rates got into the 6s, let's...
Bill has been following the inventory in different markets, and San Diego is faring much better than other areas. He is showing a 23.8% drop in new listings YoY, but last year was the record low. Look at the previous years: September New Listings, San Diego County...
Housing Bubble Set to Pop By John Burns In 2013, fresh off the biggest housing downturn in their lifetimes, 73 housing industry executives compiled the Top 10 Signs of a Housing Market Bubble at our Summit Conference in Laguna Beach, CA. Assessing the criteria that we...
Dr. Doom said in his podcast here that the California markets have had the most significant price declines, and the Bay Area, LA, and San Diego have 'gotten creamed'. He didn't provide any data to back it up, so let's look at what we have from the MLS which includes...
Last month, the 92009 median sales price declined 14.8% YoY, and was -22% MONTH-OVER-MONTH. Keyboard warriors everywhere will be jumping all over news like this. What really happened? The facts: Last month, there were 52% fewer sales than in September, 2021. The homes...
I had mentioned in the comments section that I showed a house on Labor Day that was priced at $2,195,000. The temperature was so hot that I literally said to my buyers that no agents would be working on the holiday, let alone writing offers, so we should have an easy...
Above, Bill shows how the number of new listings is dropping off in San Diego. Yes, in the top chart, there were 20.7% more active listings YoY because you can wrongly price a listing today. Last year, just about everything was selling, which is very unusual! In...
The market will coast through the next few months, and then pick up during the selling season when both buyers and sellers decide to quit dancing around and just go for it (after they see others doing it too).
