I love hearing from new readers! Hi Jim, I have recently stumbled upon your blog and find it very interesting as I am an appraiser in San Diego. I wonder if anyone has considered that the low inventory levels are in part because home prices are going up so fast why...
No surprise here, given what we see in the market today. But interesting that 2021 is off to 2x the start we had last year - which was pre-covid! New listings are down 20% to 25% while twice as many people are looking! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The NYT has another article lamenting the drop in the number of homes for sale, and offered some reasons, like covid reluctance, sellers skittish about finding their next home, forbearance relief, the lack of building new homes, and people keeping their old home as an...
This morning we have more homes in escrow than we have for sale! NSDCC Detached-Home Listings Listing Status # of Listings Median List Price Active 352 $3,950,000 Pending 353 $1,925,000 Once upon a time I was discussing the actives/pendings relationship with local...
Historically the market has felt healthy and balanced when we've had a 2:1 ratio of actives vs. pendings. Remember when the Ranch was 10:1 for years? Now look at the market - especially on the lower-end: NSDCC Actives and Pendings Town or Area Zip Code Actives...
They didn't have any trouble selling this one for $75,000 over list price and closing in 24 days:
Either we are undervalued, or we're getting more popular....and maybe both! The price of a San Diego home could increase by more than 8 percent this year, more than anywhere else in the nation, according to a forecast released Tuesday. Real estate analysts CoreLogic...
This home looks great on paper. It's a single-level 3,057sf home on an 0.39-acre lot in a secluded part of Encinitas, listed for $1,600,000. It drew a crowd too - the agent had appointments to show on Friday, Saturday, and Sunday and was fully booked for three days...
I inputted my new listing around 10:00am this morning.....and I was showing it by 1:15. We had FIVE showings today, and have SEVEN scheduled for tomorrow. And it's December! https://www.compass.com/listing/7168-sitio-corazon-carlsbad-ca-92009/664477436107162137/ Plus...
Remember when it seemed to make sense that because home prices were escalating, people would be buying smaller homes? Boy, did Covid-19 change that - now the larger homes are driving the market, which suggests that the move-up market has come alive: (To keep a healthy...
