According to Bill's post, there were almost as many San Diego sales in August (2,049) as there were new listings (2,323)! The 197 NSDCC sales we had in August were the most monthly sales in 2023, and we already have 96 NSDCC closings in September....which means we...
Last year the inventory stayed elevated through October as everyone was distracted by the Padres' playoff run. Yesterday's win was the fourth Padres victory in a row and keeps their playoff hopes alive with 12 games to go. Can they pull it off? If they do, it will...
It still looks like a healthy-enough market! The number of pending listings is probably all that matters because it means that buyers are still in the hunt. How much longer will they keep buying before the holidays kick in? Halloween decorations are on sale! The $0 –...
The late-summer rally has been incredible, and quite surprising to those who read social media. The summer surge in the number of pendings has caused the highest number of NSDCC monthly closings of the year last month - and the median sales price held up too at...
A tough week - the number of active listings went up by 24, and the pendings count dropped by ten - which sounds like a bunch of escrow fallouts. We should be facing an epidemic of escrows falling apart. The buyers' remorse - which has always been real and deadly -...
The hurricane was like our real estate market. A whole lot of build up but not much real action around the coast, with the only things of note happening in the dark of night! Link to flood photos The Padres are cooked, and real football doesn't start until September...
Potential home sellers have been believing that 2023 isn't a good time to sell a home, and the media is feeding that perception. Our local market will probably keep fading away for the rest of the year, though let's review my two rules of thumb about when is the best...
The number of homes for sale between La Jolla and Carlsbad will probably decline for the rest of 2023, even though the pendings counts are as high as they have been all year. Is the number of pendings higher because pricing is soft, and getting softer? Generally, the...
It looks like the inventory between La Jolla and Carlsbad may have peaked for 2023. After the inventory shortage we've experienced, it's hard to imagine a surge of new listings in August/September. The pendings count is at their highest point of the year! Hopefully we...
In the past week, there were 18 FEWER new listings and 15 MORE new pendings than the week before - and boom, the mid-summer surge continued....but only for some, not all. A good example of the current market conditions is one of the La Costa Valley 6 that we've been...
