I thought that this would be the week that the surge of new listings would start to appear, but not yet. There have only been 167 new listings this month between La Jolla and Carlsbad, which is about the same pace as last January. The monthly closed sales are about...
An article in the North County Times from late 2005. Those were the days of low home prices and easier financing (though not as easy as the no-doc days in 2005-2008). As a result, it was the real Golden Age because everyone could participate. The last five years were...
It looks like the NSDCC market will survive the usual end-of-the-year blues just fine. We should match last November's sales count (even with higher pricing), and combine that with the improvement in the days-on-market and it makes me think the momentum is building...
The current market conditions are fascinating. There were 141 NSDCC listings that went pending in October, and 44 of them have already closed escrow! It leaves 133 listings in the pending category so the closed sales in November and December probably won't set any...
NSDCC Monthly Detached-Home Sales, 2024 Last October, there were 140 NSDCC sales with a median sales price of $2,182,500 ($810/sf). This month's final count should be 160+ sales and a median sales price that's +10% above last October! Statistically, the political...
Remember a few months ago when both Biden and the Padres were flailing and I said that the last half of the year would be so full of distractions that we'd be lucky to see 100 sales per month? How ya feeling now? Last month was spectacular and it looks like this...
Rob Dawg suggested that we look at the quartile pricing again. The list pricing (above) has been very comparable to last year, but those are the unsolds. Below are the quartiles for the NSDCC monthly sales: Pricing measured by quartiles is still above last year, and...
The other day I popped off about how the market was deteriorating and we'd be lucky to see 100+ monthly sales the rest of the way in 2024. What do I know? Here is the sales data for this month so far: There are two solid weeks left in July - could we get to 200 sales...
Here are four tepid responses to the question on whether home prices will drop this summer: https://www.cbsnews.com/news/will-home-prices-finally-drop-this-summer-heres-what-experts-say/ The lame last paragraph sums it up: The bottom line The real estate market seems...
It's the last business day of June, and while there will be a few more sales added to this total, there will be at least 10% fewer closings than last month: The median pricing is higher this month, but I don't think that means home prices in general are rising. It's...
