It is unusual to have so few active listings for sale. Yet, we are having more sales than ever, with the quality homes all selling in the first week - leaving very few active listings. Casual observers don't find any decent homes just lying around, making it...
Here's the first quarter breakdown so you can see how your area compares with others: NSDCC First Quarter Sales By Area Town or Area Zip Code New Listings, 1Q Closed Sales Median SP Active Listings Today Cardiff 92007 34 27 $2,050,000 13 NW Carlsbad 92008 62 39...
While it feels like the inventory-less frenzy, there have been enough houses coming to market to set a new record for the number of 1Q sales: NSDCC Sales, First Quarter Year New Listings Closed Sales, 1Q Median Sales Price Median DOM 2012 479 230 $811,750 76 2013...
Pending home sales, a measure of signed contracts on existing homes, fell a wider-than-expected 10.6% in February compared with January, according to the NAR. Sales were 0.5% lower year over year. There were just 1.03 million homes for sale at the end of February, a...
Yesterday's Case-Shiller Index was a reflection of November, December, and January market data. Here's a local supplement to help map out what's coming - and this is only through February: This was in a fairly tight range of $400/sf to $450/sf for a couple of years....
These are eye-popping numbers for all of north county - thanks Jerry Ryan! Percentage of List Price Received Median Sales Price with Year-Over-Year Change The latest month-over-month change in median SP was 6%!
We've never seen anything like this before: NSDCC Combined January + February Stats Year New Listings Closed Sales Median Sales Price 2011 644 219 $805,000 2012 526 215 $750,000 2013 801 279 $835,000 2014 824 365 $975,000 2015 826 344 $1,180,500 2016 916 320...
Tomorrow we will get the latest pricing data via the Case-Shiller Index. Last month, San Diego was #3 in the nation with a 12.3% YoY increase, and we should see a similar number tomorrow - only because we may have taken a bit of a breather (see the trend above). We...
Nobody is giving them away! I think we can agree that list prices today are at or above the all-time highs, yet with demand overwhelming the few listings that are trickling out, buyers are forced to consider going even higher. It's working too: We usually get some...
It was in June, 2011 that Ben Bernanke said at a live press conference: We have told the banks to handle their REOs…..long pause………..in an economy-supportive way. Oops. What he was GOING to say was “we have told the banks not to flood the market with REOs.” Since...
