Casual observers might think this graph is saying that home prices will drop, but instead it is just the YoY change that is moderating. The MoM changes will become more interesting than the YoY changes over the next 12 months. Home prices averaged year-over-year gains...
Has there ever been a precedent to our current housing frenzy? Yes - back in the 2000-2005 era, which a new blogging guy coined, 'The Golden Age of Real Estate' (bubbleinfo.com was three months old). Note the S&P Index: Date: December 25, 2005 The median price of...
Let’s do a final round-up of the 2021 numbers: NSDCC Annual Sales & Pricing Year # of Listings # of Sales Median Sales Price Median DOM # of $2M+ Sales 2013 4,911 3,287 $950,000 54 424 2014 4,794 2,899 $1,020,000 54 434 2015 5,066 3,096 $1,090,000 53 488 2016...
Tom asked on our Facebook page about getting the actives and pendings data for San Diego County. Here is the InfoSparks data from the SDAR Resources page on the MLS - they are interactive so scroll over the graph lines for the exact counts: The first graph charts the...
The craziest year on record is wrapping up - how does 2021 compare? San Diego County Detached-Home Listings & Sales, Annual Year # of Listings # of Sales Median Sales Price Listings/Sales 2013 33,948 25,495 $455,000 1.33 2014 35,254 22,896 $495,000 1.54 2015...
Can we learn from the past frenzy periods? We didn't have the huge price increases in 2001-2002 mostly because there was plenty of inventory to go around. It was more of a sales frenzy, which finally started to slow in 2004 as prices exploded. I left out the 2007-2011...
Hat tip to my sister Kathy for sending this in! Rancho Santa Fe is up to #18 with a 26% YoY increase in median sales price: https://www.propertyshark.com/Real-Estate-Reports/most-expensive-zip-codes-in-the-us
Thanks go out to Jerry Ryan, who publishes a monthly newsletter out of the goodness in his heart - giving us another look at the local stats. He circled in red (above) and I added a red arrow below that show how the inventory has been so different this year - and it...
https://journal.firsttuesday.us/san-diego-housing-indicators-2/29246/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ With the supply and demand so out of balance on the lower-end, it's incredible to see that the high-end is out-performing with faster...
Most of the country is experiencing increases in their inventory, but not San Diego. This is why I think our frenzy could - and should - be as hot today as it was last year, but there just aren't enough homes for sale. The count of active listings is half of what it...
