What's it like being a home buyer today? It's a bonanza if you are in the multiple-millions category - there are hundreds of choices! If you want to stay under $1,500,000, the inventory looks bleak: NSDCC Active Inventory Town or Area Zip Code Actives Under $1.5M...
North County Coastal
2021 Frenzy Contest
Happy New Year.....how about a contest to get it started? My case for a full-blown frenzy is based on having additional supply to fuel the seemingly-insatiable demand brought on by the pandemic - having more homes for sale will help spike sales and prices. Betting on...
Hello 2021 Frenzy!
When will we know more about the 2021 frenzy? We already know it's going to be hot - look at the sales count for this month, plus we have 285 pendings: NSDCC December Sales Year December Sales The Following January Sales % Drop-off 2012 181 128 29% 2013 223 184 17%...
Inventory Watch
The pendings count has been mirroring the actives pretty closely since mid-October, with the best example during election week when they moved about the same amount in opposite directions. With fewer listings and more sales, the failure rate this year has been lower...
NSDCC New Sales Records
It looks like we are going to set new records in every category this year - and not by a little! NSDCC Annual Sales & Pricing Year # of Sales Median Sales Price Median DOM # of $2M+ Sales 2013 3,083 $949,000 41 392 2014 2,904 $1,020,000 47 434 2015 3,104...
Inventory Watch Dec 7
There were 37 new SFR listings between La Jolla and Carlsbad since last Monday (and 58 new pendings!). Only one of the new listings went pending though - mine on Sitio Corazon where we had 25 showings and three offers. We're opening escrow today at well over list...
NSDCC November Sales – Prelim
We are setting all-time records every month now! Year # of Sales Median SP Avg. Cost-per-sf Median DOM 2014 173 $985,000 $489/sf 34 2015 196 $1,173,750 $518/sf 38 2016 244 $1,235,908 $531/sf 28 2017 220 $1,208,487 $524/sf 27 2018 197 $1,300,000 $566/sf 29 2019 219...
Sizzling November
I agree that homes selling quicker - evidenced by the lower market times - means crazy price increases. Sellers can get away with pricing their home at 5% to 10% above comps and buyers still come running. How crazy is it? More than half of our sales are finding their...
Seller’s Market Defined
Let's use their formula (total sales/total listings) to calculate the NSDCC ratios. (their ratios were from June, 2020) NSDCC SFRs Sales/Listings over $1 million June, 2020: 210/392 = 54% October, 2020: 300/328 = 91% We have it good!...
More NSDCC September Sales
We're only three days into October so there will still be more reporting in the coming days....but September sales are pouring in! We had 52% more sales than we had last year in the La Jolla-to-Carlsbad market! NSDCC Detached-Home Sales, September: Year Sept. # Sales...