Of all the higher-end metros, San Diego is doing the best this year! To see the rest of the Top 100 markets, click here: https://twitter.com/NewsLambert/status/1686805363557888023
San Diego +9% Appreciation YTD
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Jim’s Take on the Market
Over List, July 2023
The average and median sales prices last month were similar to what they were in December, even though the same percentage of buyers paid over the list price. It might make you think that this market is retreating quickly! But look at the difference of the number of...
San Diego Case-Shiller Index, May
The San Diego Case-Shiller Index has bounced back nicely this year! Percentage Change Between January and May 2019: +3.5% 2020: +3.6% 2021: +13.0% 2022: +11.6% 2023: +8.2% Even if it flatlines the rest of the year, are there any local homeowners that will be...
Inventory Watch
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...
Safest States
For those leaving California, you’ll be the safest in Massachusetts, followed by Vermont, New Hampshire, Maine and Rhode Island. Safety seekers should avoid Louisiana, Arkansas, South Carolina, Mississippi and Oklahoma. [button...
NSDCC SP:LP Preliminary
The NSDCC sales are trending lower and appear to be focused on the lower-end: We should still get the 100+ sales in July, and hopefully no one will be screaming about prices dumping 20% in one month. It's just that the higher-end isn't clicking like it was before....
Zillow Local Forecasts
At the beginning of 2023, the Zillow 1-year forecast for San Diego home values was -0.8%. In May, their expected 1-year appreciation rate in our local areas was around +3%. Now they are guessing it will be around 4%....which might cause more sellers to wait longer! SE...
NSDCC Current Conditions
I try to investigate different ways to analyze the market data so readers can grab something pertinent that might help them make a better decision about their real estate needs. Here's today's attempt! July isn't done yet but you can see the trend: The high-end isn't...
Eleven Offers!
We've received ELEVEN offers on our new listing at 7114 Columbine! The five cash buyers have declined to go any higher, so the six financed offers will be competing today for the win. We sent all of them a highest-and-best counter with a 4pm deadline today. Meanwhile,...
Frenzy Monitor
The Carlsbad market has been surviving quite well - there are 14% more pendings today than last July. The other areas are all above the 2:1 ratio of actives-to-pendings (our standard for a healthy market). The number of actives in Encinitas DOUBLED in less than a...
