We started signing new listings in October in anticipation of the market getting off to a fast start early, just like last year. So far, so good: NSDCC January Action The previous years are sold listings that went pending in January. In 2025, most of the 126 are...
It never occurs to the experts that higher prices have something to do with the locked-in effect, and that home sellers have to move to where it's much cheaper to make it worth moving. For those who pay cash for their next home, having a 3% mortgage didn't keep them...
I thought that this would be the week that the surge of new listings would start to appear, but not yet. There have only been 167 new listings this month between La Jolla and Carlsbad, which is about the same pace as last January. The monthly closed sales are about...
An article in the North County Times from late 2005. Those were the days of low home prices and easier financing (though not as easy as the no-doc days in 2005-2008). As a result, it was the real Golden Age because everyone could participate. The last five years were...
Why should home buyers be optimistic about 2025? It's because sales have bottomed (hopefully): San Diego County Annual Sales of Detached-Homes: 2003: 28,251 (high point) 2021: 25,252 2022: 18,378 2023: 14,003 2024: 14,837 It's still going to be a challenge though....
The buyer enthusiasm in the fourth quarter of 2024 was very impressive! The percentage of sales that closed over their list price increased each month, and the 4Q sales were up 27% year-over-year! NSDCC Monthly Sales & Pricing
Virtually everyone is reluctant to predict the future of the real estate market. Even most realtors will throw their hands up and declare, "Who knows?". But around here, one fact has been clear and it tells us what we need to know about the rest of the year. The...
In 2024, we had more drama than usual. The Big Three: Hotly-contested election. Commission debacle. Mortgage rates that were supposed to come down, but didn't. Any one of those could have derailed the real estate market, but instead we survived just fine: NSDCC Annual...
We're going to start the new year with about 17% more houses for sale than we did in 2024. They will be joined by other failed listings from the past, and the inventory will most likely be rising faster than normal. The first inventory count of 2024 was 255 homes for...
*not done yet! In spite of the most controversial election in the history of America - one that could have been much more distracting - the NSDCC sales in the second half of 2024 were phenomenal. The number of second-half sales rose 13% year-over-year, and the median...
