Last week, we saw here how the number of July sales has been plummeting, and with three days to go in the month, we are now at 119 NSDCC sales - which means we will end up with around 40% to 50% of last year's July sales. We also hear about how inventory is rapidly...
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. In the recent years prior to the pandemic, the actives/pendings in Rancho Santa Fe ran at a 10:1 pace. Nobody is in a hurry...
The doomers are hoping to drive the real estate market into hysterics, just for fun. It's easy for buyers and sellers to get caught up in it too, and think the sky is falling. Let's identify the terms, what doomers want you to believe, and the truth: Inventory Surge...
The latimes continued their assault on the truth today. The number of homes for sale has a major impact on the number of sales. What we've had is an inventory problem, yet they make no mention of it here: Southern California home prices and sales edged lower in June...
We knew at the beginning of June that we wouldn't get to 200 sales, just by the number of pendings: NSDCC June Listings and Sales Year # of Listings # of Sales L/S 2015 527 340 1.55 2016 513 312 1.64 2017 416 360 1.56 2018 476 299 1.59 2019 435 282 1.54 2020 448 274...
Let's break down the active and pending listings by zip code is to give you a closer look at the neighborhood stats. We're going to have more active listings simply because the the list prices were all based on red-hot frenzy conditions (comps + 5% or more), and...
Buyers thought this was a holiday weekend, and sellers didn't! It was the week that the actives-to-pendings ratio between La Jolla and Carlsbad crossed back over the ideal 2:1 range, which is what we have observed to be the sign of a healthy market in the past. Last...
The California Association of Realtors said that the number of pendings has been falling. They don't give any other details or interpretations, so what will casual readers conclude? The market must be coming apart! Thanks C.A.R.! But because pendings and sales are...
The frenzy wasn't going to last forever. Coming off the initial covid months, everyone thought the red-hot market was an acceptable reaction to the way our world had changed. But it's gone too far, and somebody had to do something - and the Fed is going to do it...
The drastic drop in inventory seems devastating, but check out the closed sales: NSDCC Number of Listings & Sales, First Quarter Year NSDCC Total 1Q Listings Median List Price 1Q Closings Median Sales Price 2018 1,230 $1,592,500 569 $1,323,000 2019 1,277...
