Higher-end markets are demonstrating what happens when you have ample inventory - though price will fix everything wrong here. From cnbc: Real estate sales in Manhattan plunged 25 percent in the first quarter from a year ago, as the new federal tax...
The sales count is dropping between La Jolla and Carlsbad, but it's not surprising when you consider how much higher the pricing is, and the fewer homes being listed: NSDCC 1st Quarter Stats Year # of Sales Avg. $$/sf Median SP Median DOM # Houses Listed in 1Q 2013...
In the last post, I included a link to April, 2009. Local Boy left this comment there with stats - let's compare to today: “Carlsbad Statistics (Single Family–all 4 zips) I think the sellers in Carlsbad have been doing an excellent job pricing–in the last 3 months,...
It looks like our local price increases are starting to moderate, at least according to the Case-Shiller Index. It doesn't look like 2018 will be another +7% or +8% year. But if sellers can live with selling for about the same price as the last guy, then we should be...
Note the train tracks to the left - just 45 trains per day! John Hood and his wife Sally have bought a $21.5 million mansion on an oceanside bluff in Del Mar in the county’s most expensive real estate transaction since 2007. You may recall Hood’s name from headlines...
Five years ago, Zillow predicted that the ZHVI would increase 22% by 4Q17. At the time, it seemed a bit optimistic. Since then, the national index rose 32%, and the San Diego index rose 45%! Currently, thirteen of the 20 cities followed in SD County are at all-time...
New pendings are increasing each week but the sum is still behind previous years - here are the totals of the first nine weekly readings for each year: Year Number of New Pendings 2015 468 2016 436 2017 448 2018 398 With three days to go in February plus...
Let’s look closer at the individual neighborhoods, and compare annual sales and pricing between 2016 and 2017: Town Zip Code 2016 Sales Avg $$/sf Med SP 2017 Sales Avg $$/sf Med SP Cardiff 92007 82 $711 $1,407,500 76 $711 $1,300,000 NW C-bad 92008 220 $465 $897,400...
Mortgage rates have risen almost one-half percent this year, and are around 4.50% with no points today (conforming and jumbo). Because rates haven't moved much in recent years, the half-point increase sounds dramatic, and could cause a few people to reach for the...
Yesterday's local Case-Shiller Index looked like it started to flatten out, and may have even reached a new peak. But it did the same thing last year, with the index taking a breather in the second half of 2016 before mounting another incredible surge in early 2017. ...
