Are you looking for proof that there are buyers being very patient, and are waiting in the wings until they see the perfect fit? Consider this one, which I heard reports of receiving 18, 19 or 20 offers. It was listed for $888,000, and closed for $1,000,000, or 13%...
Hey, we had our first monthly increase since June! Last year the index readings topped out in July, and if that pattern repeats, it will mean that today's home prices will be the highest of the year. San Diego Non-Seasonally-Adjusted CSI changes: Reporting Month SD...
This interactive graph shows how our monthly sales this year may be less than they were in 2018, but look great compared to previous years. June has been the peak month for sales in each of the last five years - it's go time right now!
The one-story ranch houses with detached granny flats are their own category now, and buyers are paying prices that don't compare to other regular homes. This was taped in July when nobody wanted to have anything to do with it. The seller, Joe Walsh's ex-wife, hired a...
Rich is seeing it like we are - pricing has been fairly flat lately. Click here for his full report: https://www.piggington.com/february_2019_housing_data_bit_strengthening
Appreciation is slowing down, and though it looks like San Diego slammed the brakes on between February and December last year, it's nothing compared to San Jose where sellers went through the windshield, figuratively. The year-over-year increase in our December...
Can we expect young adults to be tomorrow's home buyers? A report from the Urban Institute: The share of young adults ages 25 to 34 living with their parents increased from 11.9 percent in 2000 to 22.0 percent in 2017. This translates to more than 5.6 million...
Just yesterday we see news that the housing inventory is already way higher than it was last year, and certain doom must be ahead. But we can live with more houses laying around unsold, as long as at least some are selling to help give direction to all. We can...
More tidbits, mostly from Leonard's daily Compass email: Here are some interesting Los Angeles-area market stats: There were 580 closed sales of $5 million+ in 2018, versus 602 in 2017. There were 157 closed sales of $10 million+ in 2018, versus 185 in 2017, (down...
When it comes to real estate quotes, this guy is gold: “I describe the current boom in U.S. home prices as the third largest boom since 1890. And so it’s big, and people are starting to think that housing is expensive, and that could lead to a turnaround and a drop in...
