www.sacramentoappraisalblog.com Ryan posted the history of real estate cycles in Sacramento County, so here are the same years for North San Diego County's coastal region for comparison. Human nature tends to flow in the same direction everywhere, and as a result,...
December sales were down 14% year-over-year, and 19% below the average of the last five years: Year # of Sales Median SP Avg. Cost-per-sf Avg. DOM S/BD* 2013 211 $1,075,000 $485/sf 60 10.0 2014 250 $1,052,075 $482/sf 61 11.4 2015 258 $1,094,500 $477/sf 56 11.7 2016...
A pause in the Fed hikes was looking good. First, the WSJ posted an editorial on Sunday - a snippet: If you think your job is tough, consider Federal Reserve Chairman Jerome Powell. He’s signaled for months that the Fed will raise interest rates again this week, but...
The pundits are chiming in on their housing expectations for next year, and the opinions revolve around one topic: Higher mortgage rates are changing things. Here are two experts who don't think the number of sales will change much: “As we look toward 2019, we are...
The slowdown started in July, so the November sales count is surely going to reflect the impact - and it does. Sales were down 11% year-over-year: Year # of Sales Median SP Avg. Cost-per-sf Avg. DOM Avg. SF S/BD* 2013 187 $1,030,000 $474/sf 58 2,960sf 10.4 2014 173...
If sellers were feeling a sense of panic about the market - and prices - we would be seeing more new listings hit the market. Let's boil it down to one simple comparison. Are there more listings than usual coming to market? NSDCC Listings, November Year November...
October sales in San Diego County were down 12% year-over-year, and the freefall should continue. While the experts will keep pointing to housing being not as affordable now that rates and prices are up (this article states that the median-priced San Diego home in...
Earlier we saw how a fresh new listing gets more traffic, and that buyer interest dies off quickly: https://www.bubbleinfo.com/2018/11/02/selling-your-home-in-2019/ Yet historically about 3/4s of the sellers insist on testing the market for weeks or months, just to...
Yesterday we heard the 'stunning' news that September sales dropped 13% year-over-year in Southern California. What about locally? There were 208 detached-home sales between La Jolla and Carlsbad this year, which was 20% below September, 2017. But once you factor in...
Our NSDCC sales in May and June were down 20% each, but then we bounced back in July and August to match the sales from 2017. But the sales last month were disappointing (down 20% again): NSDCC September Sales Year # of Sales Avg $$/sf Median SP Median DOM 2013 263...
