The percentages of sales closed over the list price are higher than in 2021, but will it continue? NSDCC Monthly Detached-Home Sales, % Closed Over List Price ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC Average...
Let's take a look at the covid history of one of our frenzy measuring sticks: NSDCC Sales-Price-to-List-Price Ratio: Month # of Sales Median List Price Median Sales Price SP:LP Ratio March 2020 206 $1,492,500 $1,445,000 96.8% Apr 156 $1,424,499 $1,390,000 97.6% May...
From yesterday's article, which also ran in the SDUT today: “There are so many strange things going on right now,” said Edward Seiler, the associate vice president for housing economics at the Mortgage Bankers Association. It has been 40 years since rates have risen...
Everyone is worried about rising rates, and their impact on the future of the market. The combination of higher rates AND higher prices is dramatic when compared to just a year ago. Here is a comparison between the NSDCC closed sales between Feb. 1st and March 29th:...
The NSDCC detached-home stats in the Jan 1st-to-March 15th period are remarkable: Year New Listings # of Sales Median List Price Median Sales Price Median DOM 2016 1,194 436 $1,146,450 $1,102,792 58 2017 1,040 459 $1,239,500 $1,200,000 53 2018 1,102 420 $1,327,000...
It’s early, and the final February sales count will probably wind up around 165-170, which is in line with years prior to 2021. However, the pricing is nuts - and related to the number of homes for sale! Year February Listings # of Sales Median List Price Median Sales...
Let’s do a final round-up of the 2021 numbers: NSDCC Annual Sales & Pricing Year # of Listings # of Sales Median Sales Price Median DOM # of $2M+ Sales 2013 4,911 3,287 $950,000 54 424 2014 4,794 2,899 $1,020,000 54 434 2015 5,066 3,096 $1,090,000 53 488 2016...
Impressive momentum to wrap up the year, with almost half of the buyers feeling the need to pay over list: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% July: 64% August: 55% September: 41%...
The Zillow 1-Year Forecasted Values are down 1-2 points from their previous guesses last month, but still very strong. This is their third consecutive month with similar forecasts: NW Carlsbad, 92008: SE Carlsbad, 92009: NE Carlsbad, 92010: SW Carlsbad, 92011: Carmel...
There might be a few stragglers left to report, but this gives us a good reflection of how the summer wrapped up after the frenzy started cooling in June: NSDCC September Sales Remember when sales prices were lower than list prices? The median sales price in September...
