The median sales price of houses sold between La Jolla and Carlsbad last month was 13% lower than it was in June, which demonstrates how terrible it is for a gauge. Obviously, the houses sold are different each month. In July, there happened to be 35% more houses sold...
I try to investigate different ways to analyze the market data so readers can grab something pertinent that might help them make a better decision about their real estate needs. Here's today's attempt! July isn't done yet but you can see the trend: The high-end isn't...
This article gets into the usual topics for those trying to forecast the future: https://www.investopedia.com/what-housing-experts-anticipate-for-the-last-half-of-2023-7555067 Their experts think that mortgage rates will ease for the rest of the year, which will cause...
They feel like the good old days but it was only 4-5 years ago that we could count on 200-300 listings priced under $2,000,000 to hit the market every month. It caused some complacency and pickiness among buyers, but now that the choices have narrowed so quickly,...
NSDCC SP:LP Ratio The hyper-frenzy days of a 109% ratio between the monthly median sales prices and median list prices are probably long gone....much like 3% mortgages! It is remarkable how the SP:LP ratio has bounced back. Buyers are paying the money if they find a...
The number of active (unsold) listings has been on the rise, and is now 13% higher than it was a month ago - though I would still characterize the current market conditions as steady. Compare your stats from this month to last June and July when higher rates had begun...
Above is a sampling of the 163 NSDCC detached-home sales in May! Some details here:
Anyone who thought the long slide last year was just the beginning has to be sorely disappointed now. This is the greatest comeback of all-time!
Yesterday we saw how the number of listings has been dropping in San Diego County. Here's a look at our favorite market - detached-homes between La Jolla-to-Carlsbad: *The 64% is the percentage of 1Q23 listings that have closed escrow - more will be added, but the...
