There have only been 83 NSDCC sales recorded in December, 2023, which means we may not make it to 100 closings. January isn't looking too good either, and from what I can find, we've never had less than 100 monthly sales, let alone in back-to-back months. But it's...
The NSDCC inventory is starting off the new year with virtually identical numbers as it did in 2023! The big difference? Last year everyone thought we had a recession coming, and this year it's all blue sky ahead. At the beginning of 2023, the 30-year mortgage rate...
I'm guessing that our local NSDCC inventory has to be at least 10% higher in 2024 than it was this year. Heck, it would need to grow +20% just to get back to the same number of houses for sale in 2022! Bill agrees that we should see more listings in 2024: Somewhat...
If there was going to be a time when the local market might soften up a bit, it would be around November/December, wouldn't it? If the majority of the recent sales closed at 10% discounts or more, then it would be nervous time, but most buyers are still paying fairly...
Obviously, this year isn't over but it's close - and we'll be lucky to hit 1,800 sales this year (there have been 22 sales closed in December so far). The identical Sales/Listings percentage over the last two years includes a blazing hot first half of 2022 so the...
Let's look at the graphs that were updated with November's data today: About 50,000 people live in Carmel Valley, 92130, and only seven houses sold there last month? The pricing is holding up for the few who do sell: The wildest frenzy period was from Spring, 2021 to...
While a surge in inventory next year would help to change the market dynamics, there isn't any hard evidence of it happening yet: How many would be considered a surge? If the number of new listings rose 10% or even 20%, would anyone notice? Probably not. Using these...
A columnist reflected on history to help measure whether it's a seller's market, or a buyer's market. I like it! House-hunting’s transformation includes several market trends including people moving less often, consumers accessing detailed market info, near-instant...
Could there be trouble brewing under the surface? Are there home sellers scrambling to get out with whatever money they can? Maybe get just enough net proceeds for the family to have a steak dinner at closing? It was like that last time.....but it's different now....
There have already been 101 detached-home sales close this month between La Jolla and Carlsbad! With five business days left in the month, plus the late-reporters, it means we should match last October's count of 133, and maybe even approach last month's 153 sales. Of...
