This year, we are ahead of both of the previous years in total sales, in spite of having 14% fewer listings - and prices being 30% to 40% higher! NSDCC Listings & Sales, Jan 1 to Aug 31 Year # of Listings Between Jan 1 - Aug 31 # of Sales S/L % Median SP 2019 3,585...
These guys are predicting a very similar market in 2022, and it will depend on the inventory. If we have the same number of listings (or fewer, which I think is probable), their 24.7% increase is in the bag. From the U-T: San Diego home prices will maintain their...
The higher-end sales between Carlsbad and La Jolla were fairly consistent through 2020 - then they exploded this year, with the $2,000,000+ sales totaling more than double the counts of previous years!
San Francisco leads the 50 largest U.S. metros in the share of homes sold for 30% over their list price or higher at 7.4%. It’s followed by the hot market of Buffalo, NY, where 6.2% of homes sold for more than 30% over list, and Austin (5.3%). All shares in these...
What's your prediction on local home-price appreciation over the next year? Here's what Zillow thinks - they sent these to me over the last three weeks: La Jolla: Del Mar: Carmel Valley: Rancho Santa Fe: Encinitas: SE Carlsbad: SW Carlsbad: NW Carlsbad: NE Carlsbad:...
It's looking more normal every day, though by the time the last sale is recorded, this month's total should be around 300 sales (though the median SP will say about the same at +29% YoY): NSDCC (La Jolla to Carlsbad) July Sales Year Number of Detached-Home Sales...
Another reflection on the current state of the local market. While it feels a little softer and active-inventory counts have risen (though still well below previous years), the demand has been voracious, and it would need to cool off dramatically before any panic sets...
The number of NSDCC first-half sales are 15% higher than the 2017-2019 average number of sales, and THE MEDIAN SALES PRICE IS +32% YoY: NSDCC Sales, Jan 1 to June 30 Year # of 1H Sales Median SP # of Sales Over $2M Over $2M/Total Sales % 2017 1,585 $1,225,000 292 18%...
https://journal.firsttuesday.us/san-diego-housing-indicators-2/29246/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The last paragraph (above) might be the worst misread in the history of forecasting. I'm not sure why they are sticking with it. Mortgage servicers...
The Covid Frenzy has had remarkable shift in market efficiency like we have never seen. Historically, we have had so many listings that 35% to 40% of them didn't sell. This year we had 977 listings hit the market in 1Q21, and 80% of them have already closed escrow! ...
