This graph shows how we're making up for lost time, with showings almost double what they were last year. The closed sales are starting to pop too. We did have one more business day this year than in 2019, but the NSDCC sales this month are already ahead of recent...
San Diego County isn't included in the graph above but the trend is similar. The author is happy to point out the negatives, but with inventory still well under what it was last year and pandemic/unrest raging, it's a miracle that sales are so strong. San Diego...
Will our local market survive the coronavirus? Let's look at the bigger picture and compare the first half of 2020 to previous years: NSDCC 1H Listings & Sales Year # Listings Median List Price # Sales Median Sales Price 2016 2,999 $1,425,000 1,526 $1,150,000 2017...
After the market bottomed out in mid-April, it sure came roaring back: Year # of June Sales Avg. LP/sf Median Sales Price MSP/MLP Ratio 2016 312 $507/sf $1,200,000 96.3% 2017 363 $529/sf $1,260,523 97.0% 2018 299 $606/sf $1,350,000 100.0% 2019 283 $527/sf $1,250,000...
The experts were surveyed on what they think about the market - a sample question: Fleming: “Our research has found that in past recessions, house prices show their “downside stickiness,” meaning they remain flat or their growth slows during economic downturns, but...
When the coronavirus broke out, I guessed that the second quarter sales would fall 60%, and the median sales price would drop 5%. NSDCC 2Q Sales & Pricing Year # Sales Median Sales Price Average Sales Price 2017 988 $1,250,000 $1,581,847 2018 845 $1,325,000...
When the coronavirus shut down the economy coast to coast, it was natural to assume that the real estate market would take a hit. Being in quarantine would certainly cause sales to plummet, and with 20% to 30% unemployment, prices would follow, right? All that was...
Did anyone predict that the median sales price in San Diego would be higher last month than in 2019? Sales were down 42%, but that was to be expected - the impact of covid-19 was still rolling out and most would wait until it settled down. But there were enough...
Two articles were lost due to the change in blog hosts, so I'm re-posting this one! We had two fewer business days than previous years, and we didn't have a late flurry to get close to my estimate of 175 sales: NSDCC May Sales & Pricing Year # of Sales Avg $$/sf...
Last month, the NSDCC sales ended up being down 42% year-over-year, and the average cost-per-sf was down too by almost 6%. But the median sales price was up a tick. The stats this month will suffer by having two fewer business days, which will cost us about 25 sales -...
