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...
For those looking for our jumping-the-shark moment, this might be it. Inventory is growing, and there is only one reason: More prices are wrong. But when you sell your best asset down the river and let amateurs run it who are out of touch with reality, you get...
The California Association of Realtors predicted that statewide sales in 2018 would increase 1%, and the California median sales price would rise 4.2%. My guess was for the San Diego County detached-home sales to drop 5%, and the median sales price to rise 5% in 2018....
Rob Dawg predicted it that any and all appreciation will happen in the first half of the year - and if we're just talking about the general trends in local San Diego pricing, that's how it has been lately. As the red circles show in the graph above, the...
Let's look at the price on my new one-story listing. After all, the 5,345sf house right up the street (that went pending the same day) was listed for the same. At first glance: $1,799,000/5,345 = $337/sf $1,798,000/3,729 = $482/sf (43% premium) But we know that...
How did your area do last month, and for the first eight months of the year? It would be sufficient to just keep close to 2017, which was a good year for sales: Town or Area Zip Code Aug17 Aug18 Jan-Aug17 Jan-Aug18 Cardiff 92007 7 8 49 39 NW Carlsbad 92008 23 20 147...
Hat tip to Rob Dawg who sent in this example of what's happening in most markets - lower-end prices are holding, and it's softer in the higher-end markets. But because the higher-end sellers typically have more horsepower, and aren't going to 'give it away', prices...
The NSDCC sales in May and June were down 20% YoY, but July and August bounced back nicely this year. We had 11 more sales in July this year, compared to July, 2017, but there was one extra day in 2018. How did we do in August (which had the same number of business...
We saw the NSDCC sales in May and June be 20% fewer than they were in 2017. We had 11 more sales in July this year, compared to July, 2017, but there was one extra day in 2018. How are we doing so far in August? Can we just hang close to the mean this month, have a...
Our buyer traffic in July, 2018 was the same as September last year. It looks like the selling season ended sooner than usual? Note that buyer traffic improved in October and November last year, which might translate through to August and September of this...
