Baby boomers in full control of the market, and very few have a reason to sell. In fact, the list of reasons NOT to sell is so long that you can't help but have a personal favorite that keeps you in limbo: 1. I don't need the money. 2. The grandkids are here. 3. My...
We saw that the first-half sales were 4% under last year's count - has it been getting worse lately? Yes, and the high-end is where the trouble is: NSDCC Detached-Home Sales, July: Year # Closed Sales Avg $$/sf Median SP # of Sales Over $2M 2016 312 $507/sf...
Double-digit increases can't last forever - but could home prices plateau for years? It will probably depend on mortgage rates, and having enough reasonable sellers who are willing to take the same $ as what the last guy got. From our friends at JBREC: Price...
NSDCC Detached-Home Sales Jan 1 to June 30: Year Number of Closed Sales Median Sales Price Median Days on Market 2013 1,670 $919,950 21 2014 1,430 $1,020,000 24 2015 1,560 $1,120,000 23 2016 1,526 $1,150,000 24 2017 1,595 $1,225,000 19 2018 1,420 $1,325,000 17 2019...
Bill (in Giants jersey) from the Bay Area has been reading the blog for the last ten years! He won the earlier contest for Padres tickets, so when he and his family were here on vacation, they took in the first game of the series last night - a 13-2 shellacking by the...
The San Diego ZHVI has been mostly flat for almost two years! The price exceptions are the superior homes and locations, particularly the one-story and newer homes, which tend to sell for more than ever before. But those cases are dwindling. What's saving us is how...
Last month we had sales and pricing move higher again - the resilience of our market is incredible! Year # of Sales Median SP Avg. $$-per-sf Median DOM 2012 289 $821,000 $380/sf 36 2013 362 $943,500 $416/sf 16 2014 269 $950,000 $465/sf 20 2015 298 $1,122,500 $491/sf...
Here are the histories, and forecasts, of our local Zillow Home-Value-Index for each area: They are forecasting flat or declining prices in three of our larger areas - and they are also predicting a drop-off in values as the selling season will be getting underway in...
The first third of 2019 has been better than expected. Sales are only 6% below the average for the last five years, and the median sales price hasn't dropped much: NSDCC Sales, January - April Year # of Sales Median SP Median DOM # of Listings 2015 920 $1,130,000 25...
More data released today on pricing trends, and though San Diego didn't make this chart, we're probably in the normal range with Los Angeles because our Case-Shiller indicies have been similar (+1.8% vs +1.1% YoY in SD). Interesting that they call San Francisco...
