Let's examine by zip code where the market might be slowing recently. These are the detached-home sales for the second quarter, plus the current number of pendings in each area: Area Zip Code Sales 2Q16 Sales 2Q17 Sales 2Q18 Pendings Today Cardiff 92007 25 30 11 9...
The pending counts have been dropping precipitously since June 11: NSDCC All: -15% Under-$1,000,000: -29% While a lower number of pendings can be due to more closings from the fat part of the selling season, it not like we're setting any sales records either. The...
We're halfway through 2018 - let's check on the predictions. Here is where Rob Dawg, Franklin Jones, Ash, and myself guessed what would happen this year: https://www.bubbleinfo.com/2017/12/27/2018-predictions/ My thoughts in December for 2018, plus extra stats: I...
Here are the NSDCC sales stats from the first six months of each year, going back to the beginning of the 2-out-of-5-year capital-gains tax exclusion – which helped trigger the ensuing bubble. I used the April rate because it was about the middle of the Jan-Jun time...
Here we saw how the NSDCC sales have been down 9% this year - how have sales been county-wide? The closed sales between January and May this year are also down 8% compared to last year, in spite of there being 20% MORE houses listed for sale than in 2017! The...
This article shows that 88% of the home sales in San Francisco this year have sold for list price or higher - wow! In...
Now that the market is simmering down, it is more critical than ever that sellers hire the right listing agent. A failed coming-soon campaign can burn up your initial urgency, and cause showings to die down quickly once the listing finally hits the MLS. How soft is...
Thanks to Daytrip who sent in this article which has a few different opinions on market conditions, and demonstrates the numerous variables in the housing equation. This excerpt from a New York appraiser by trade: The outcome is that high-end listings languish for...
Compared to previous years, the detached-home sales between La Jolla and Carlsbad are holding up remarkably well. With the significant increase in pricing, we can't expect sales to equal previous Aprils, so 260 is pretty strong: Year # of Sales Avg. Cost-per-SF...
An article based on research from a mortgage insurance company, who has a stake in the game (unlike economists). The image above shows virtually no risk of prices falling in Southern California over the next two years. H/T daytrip: Housing bubble coming? According to...
