In three out of the last four years, our highest median sales price was in May - which are the sales that were decided in March and April: I think we can expect a similar fast start to the selling season next year as pent-up demand that went unsatisfied in 2019 rushes...
A positive forecast from our friends at JBREC: Our proprietary model using Google search trends shows a bottoming & re-acceleration in resale and new home sales growth YOY into year end. Lower mortgage rates, better affordability, and an easy comp vs. last year's...
I was talking to Nick yesterday about the current market conditions, and how home sale have been affected by the low mortgage rates recently. You can see in the graph above that over the last five years we've been accustomed to rates in the threes, so it seemed...
The C.A.R. is forecasting +0.8% in sales, and +2.5% in median sales price for 2020, which is about as safe as it gets. Here is a comparison of how their forecasts have compared to the actual numbers recently: Category 2018 Forecast 2018 Actual 2019 Forecast 2019...
I noted on Instagram today that a couple of new listings in Carlsbad went pending before they got to broker preview today. While the sales and pricing statistics may look flat, sellers shouldn't give up on selling when rates are still in the 3s. These are the...
One of the main reasons to set up shop at the La Costa Resort is to help support our efforts in the area. When my current listing on Segovia came on the market, we were the only house for sale in the area. But since then, TEN other similar - older one-story - homes...
We've been actively engaged is selling these two listings over the last 45-60 days, and then found buyers for both houses this weekend. The Bridge House went pending just ten days after a 10% price reduction, which got us down into the next lower bracket of buyers who...
Mortgage rates are improving nicely, and at the right time of year! We should see more market surge over the next couple of weeks. I mis-spoke on the video yesterday when I said the median sales price is $561,000 - it's $591,400. But still well under our neighbors to...
Rob Dawg left this comment regarding the seniors who are aging-in-place: Wait until autonomous vehicles add another ten years. Self-driving cars have the potential to change everything about real estate: Seniors be able to stay in their home longer. Homebuyers could...
We have been having a surge in the market - the total pendings count went up a net 11% this week! The new-listings count slowed down too - see below (it was almost tied last week). The inventory change was almost all on the low-end. There are 14 fewer active listings...
