Bill is showing a 9.4% decrease in SD May sales, year-over-year. But around the north coastal area, sales have been holding up. The NSDCC sales in May were +7% YoY, and for the first five months, it's +6%! We can live with those! The number of off-market sales (which...
I have curated this group of NSDCC one-story listings for several years now. If you want to subscribe to this feed, either send me your email or you can set up an account at compass.com. I mention it today because I think Julie's listing on Fosca (second listing) has...
The tariff talk is settling down, the stock market looks fully recovered, we got a new pope, and the President is getting a new airplane. Can we get back to selling homes now? Usually we consider a 'healthy' market to have a ratio of 2:1 actives-to-pendings. Above is...
Let's compare the year-to-date action to last year! The sub-markets in green are holding up nicely. The additional listings coming to market are being absorbed, and the current number of active listings are around 4 months' worth or less. Rancho Santa Fe is a good...
Today, let's judge our market purely by the number of sales. Sales are the precursor of where the market is going. NSDCC Monthly Sales, Jan 1 - Apr 30 2024: 570 2025: 578 There have been 166 closings this month so far, and with one day to go plus the late-reporters,...
The NSDCC sales and pricing looks a lot like it did last year, which is the definition of Flat City. It gives us some assurance that the market is steady, at least in the rear-view mirror. But let's break it down into the individual areas to see if there are any...
A reader asked to split the market at $3,000,000 and take a look around. They made a good point. All that matters is what's happening in your neighborhood of interest. Analyzing larger samples can only give us suspicious facts. I keep saying how another 15% to 20%...
Frenzy may not sound applicable these days.....but look at La Jolla getting off to a hot start and leading the pack with 38 pendings, just like last year! The 92067 is angling towards their pre-covid standard with a 9:1 ratio of actives-to-pendings. Our normal gauge...
I think most agents would agree that once their new listing has been on the open market - and unsold - for two weeks, the action dies down considerably. Then the showings, if any, become vague and laborious because all of the motivated buyers have already seen it and...
It's never been so important for home sellers to be bold and decisive when selling their house. Buyers are waiting patiently for new listings, and they will immediately jump at anything that looks great and is priced attractively - take advantage! There have been 155...
