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David Crosby RIP
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Jim’s Take on the Market
Over List, December
The number of December sales has been hanging right at 100 and ten closed above list, or 10%! Percentage Of Sales Closed Above the List Price, by Price Range If the over-list sales start to increase this spring and get above 20%, then the frenzy feelings are slipping...
Getting More Confident Every Day
Have you noticed that the doomers are just speculating that the market is bad, mostly based on the median sales price? Is that all you got? Believe what you hear from the street.
One Simple Correction
The doomers living in mom's basement want you to believe that the sky is falling. They've never owned a house before, let alone sell real estate for years. Yet, their voice is loud enough that they are winning the battle of opinions about where the market is going -...
Foreclosure Talk, 2023
Here are comments about the foreclosure activity nationwide:
San Diego Inventory Restrained
Inventory has exploded everywhere.....except San Diego, and look at the MoM drop. The number of homes for sale last month was cut in half - down to 1,810 active listings in a county of 3.3 million people! The inventory crisis is likely to continue, and keep pricing...
Forecast Record
Here is the summary of 2022 predictions from November, 2021: https://www.bubbleinfo.com/2021/11/02/2022-forecasts/ My guess was that the NSDCC annual sales would be +5%, and pricing +15% in 2022. It was a tough year for prognostications! NSDCC YoY Statistics Year...
Wild & Crazy Ideas for 2023
Optimistically, what are positive things that could happen this year? The Fed pauses in March. They meet twice in the first quarter of 2023 - February 1 and March 16th. I'll live through another 1/2% hike a month from now, but then a surprising Fed pause in March...
New Year Requests of Agents
This is my 748th blog post of the year! (641 published and 107 drafts) Let's note how drastic things have changed since rates went up: NSDCC Detached-Home Sales, December 2012: 297 2013: 223 2014: 255 2015: 259 2016: 241 2017: 225 2018: 196 2019: 229 2020: 290 2021:...
End of 2022
This year was one of the best ever for us. We had our highest sale ever ($7,750,000), our highest average sales price ever ($1,870,835) and more people on my next-year's client list than ever before - thank you! The local market between La Jolla-to-Carlsbad fared...
