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...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Four areas have MORE pendings than active listings, which is a sign of a red-hot market, and all areas except Rancho Santa Fe are...
When it comes to anticipating the direction of the real estate market, the median pricing isn't nearly as informative as these indicators - Number of Sales and SP:LP. We are used to seeing the sales increase early in the year, but it could have been different if...
Combining the January and February stats gives us the larger sample sizes to better identify the trends. The sellers are doing a phenomenal job at restricting the supply, and there have been enough buyers to keep the momentum going. The current listings/sales ratio...
