Market Conditions
Discounts By Days On Market
This is from NYC but it still applies - and validates how buyers everywhere are watching the Days-On-Market very closely, and expecting discounts the longer a listing sits unsold. An excerpt: His findings (above) show discounts steadily rising around 2 to 2.5 percent...
Higher-End Pendings Since Jan 1
It's impressive to see so many high-enders go into escrow this quickly - these are the NSDCC homes listed over $4,000,000 than have gone pending since the first of the year: Not mentioned above is the listing that hit the MLS on January 3rd, went pending on the fifth,...
Market Activity
Some people haven't gotten off the couch yet so it's hard to say if all of the comments are an accurate depiction of what's happening. But those who are willing to leave an upbeat tweet must feel pretty good about them, knowing that the wrath of real estate twitter...
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 -...
Slowing in San Diego
Our friends at JB have been on the forefront of market tracking for years now. They have staff that travels around the country to gather data from builders in particular, and have built a tremendous network. I don't mind being labeled as 'slowing' because.....well, I...
Turkey Talking Points
Yesterday I was delivering pies throughout North County, and visiting with our great supporters - who were mostly past clients. Predictably, the conversation turns to real estate, and observations about what's going on in the market, now and in the future. In case...
Carmel Valley 4Q22
I'm back in Carmel Valley, 92130! Historically, we have identified healthy markets by those that have a 2:1 ratio of actives to pending listings. On October 20th, there were 57 actives, and 17 pendings in Carmel Valley. Today, there are 42 actives, and 21 pendings in...
The 2023 Spring Selling Season
Could we have a decent spring selling season next year? Is there any precedent of our market settling down that quickly? Home sales had been struggling for months, and then the Lehman Brothers collapse in September, 2008 helped to trigger the Great Recession, and...
