The doomers might get excited about the cost-per-sf dropping by 3.1% and 2.6%, respectively, but because sales are holding up well, there isn't any panic. It's a healthy exercise of how pure/unsupported markets should work!
Between the tariff calamity that is still a long way from being resolved and Jamie Dimon calling the markets complacent, you would think that The Big Wait would come naturally and home sales would be slowing considerably. In addition, most homes for sale aren't...
Do you remember that stretch in 2023 when the San Diego-Chula Vista-Carlsbad metro area had the best appreciation in the country? It wasn't that long ago! Look how it's changed since: Widespread housing market softening49 of the nation's 50 largest metro area...
A reminder how all real estate is local....pricing in San Diego is holding up ok. There are an amazing number of green dots, but for us, Flat City will do for now. [button...
Let's compare the year-to-date action to last year! The sub-markets in green are holding up nicely. The additional listings coming to market are being absorbed, and the current number of active listings are around 4 months' worth or less. Rancho Santa Fe is a good...
Today, let's judge our market purely by the number of sales. Sales are the precursor of where the market is going. NSDCC Monthly Sales, Jan 1 - Apr 30 2024: 570 2025: 578 There have been 166 closings this month so far, and with one day to go plus the late-reporters,...
The NSDCC sales and pricing looks a lot like it did last year, which is the definition of Flat City. It gives us some assurance that the market is steady, at least in the rear-view mirror. But let's break it down into the individual areas to see if there are any...
A reader asked to split the market at $3,000,000 and take a look around. They made a good point. All that matters is what's happening in your neighborhood of interest. Analyzing larger samples can only give us suspicious facts. I keep saying how another 15% to 20%...
I think we can say that 2025 is looking a lot like 2024 so far! We have 15% to 25% more active listings now, but buyers are picking out the creampuffs and ignoring the rest. The pile of unsolds should be growing every month, but maybe buyers just forget about them...
Thanks for the comments this week! For some historical perspective, let's review the recent change in inventory. Bill Clinton signed the new law in 1997 that allowed sellers to take up to $500,000 in tax-free profits, and it set off a local moving spree that lasted...
