The number of NSDCC detached-home sales in September is up to 133 today, which is pretty good. There are only 138 pendings currently, but 34 sales have already closed in October so there is a decent chance that we'll have 100+ sales this month too! The...
For those who are willing to investigate the sales data in our local areas, here are the detached-home sales from the last 90 days. Poke around a little, and I doubt you'll believe that we're getting 'creamed'. [button link="https://www.zillow.com/homes/92008_rb/"...
Chris asked how the current environment compares to the 2008 downturn. In the summer of 2008, there were only 601 NSDCC sales between June 1st and August 31st, in spite of there being 1,348 listings that summer. For the next two years, the number of listings far...
The latest CPI number is out today, and the over-reaction will put more pressure on mortgage rates. They are probably going to be around the 6% range for the foreseeable future. Let's predict the NSDCC monthly sales count for the rest of the year. Today, we have 411...
The last coffee bet began in 2006 when it was obvious to me and others that the market bubble was popping, so let's examine the data back to those years to see if we can learn anything that might be helpful when trying to predict the future: NSDCC Listings and Sales...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. We've considered a 2:1 ratio of actives-to-pendings to be a healthy market. Most areas today have the same or better stats as...
The graph above shows how the 2021 off-season wasn't off by much, with nearly half of the Nov-Jan sales closing over their list price. We probably won't see that happen this year! On the street, it feels like the off-season is already here, which is fine. The...
Yesterday I joined Molly of Real Talk Media for a couple of thoughts about next year's market: The key to market conditions will be the inventory - no surprise there. If there was a surge of newer McMansions for sale that were upgraded, well-presented, and had decent...
There will be a few more late-reporters, but it looks like this year's July sales will be about half of what they were last year: NSDCC (La Jolla to Carlsbad) July Sales Year Number of Detached-Home Sales Median Sales Price Median DOM 2016 273 $1,100,000 45 2017 260...
The July stats have been updated on these interactive graphs of the 92009 (SE Carlsbad), 92024 (Encinitas), and 92130 (Carmel Valley) markets: We hear how the inventory has exploded, but compare it to history: Sales during the 2022 selling season have been similar to...
