LOS ANGELES (Sept. 26) – Even with a strong performance in August closed escrow sales, California pending home sales stalled for the second consecutive month, which suggests a softening in the housing market in the upcoming months, the CALIFORNIA ASSOCIATION OF...
Here’s the preliminary data for detached-home sales between La Jolla and Carlsbad last month: Year # of Sales Avg. $$/sf Median SP Avg DOM 2012 289 $373/sf $780,000 70 2013 263 $470/sf $1,110,000 52 2014 236 $480/sf $1,091,000 49 2015 251 $472/sf $1,059,000 48 2016...
Let's examine Rich's other charts to see how divergent our San Diego market has been lately, comparing to the last three years. In spite of much-higher pricing, the raw number of homes for sale has crossed under the paltry few we had during the Frenzy of 2013,...
The C.A.R. released the latest sales data for August, including the graph above. The sales-price-to-list-price ratio has been dipping in the off-season lately, and we can probably expect that streak to continue this year! Buyers expect to have more negotiating power,...
From the monthly survey of local agents - we are catching our breath: Barclays_August_AGENT_Survey_9-11-2017.pdf
Here's the preliminary data of detached-home sales for August between La Jolla and Carlsbad. By the time we're done, the count should be 270 or so: Year # of Sales Avg SF Avg. $$/sf Median SP Avg DOM 2012 298 3,255sf $381/sf $865,000 77 2013 324 2,782sf $437/sf...
We've had quite a surge this year!
Our head cheerleader keeps saying that the lower inventory is the main reason why there have been fewer home sales nationwide: Lawrence Yun, chief economist at the National Association of Realtors, says “Closings were down in most of the country last month because...
Last month's sales count looks like it is going to be less than previous Julys - the graph above has an extra 10% added to today's count for late-reporters and it still comes in under the last four Julys. Year July # of Sales Avg. $$/sf Median Sales Price 2013 297...
An excerpt from this article: http://www.latimes.com/business/la-fi-home-prices-20170725-story.html Home prices have now been rising for more than five years, the result of a growing economy, rock-bottom mortgage rates and a shortage of homes on the market....
