Here's a snapshot of how fast the local market has changed. It went from a relatively-modest suburban area where 3/4s of the houses sold for less than a million dollars in 2003......to a very affluent market! NSDCC Detached-Homes Annual Sales True, the inflation rate...
This sales count is tremendous - and there will still be some late-reporters: The median sales price is back to being higher than the median list price, and it is 10% higher than it was last April - wow!
The interactive graphs updated with April stats for the three middle-of-the-road zip codes in San Diego County's north coastal region. While there was some slumping after rates started rising in May, 2022, pricing has mostly recovered since: Move your cursor over the...
There may be a lot of turbulence around real estate these days, but sales keep happening! The pricing metrics are up 5%-6% since last April, and we're not done yet with sales this month. Helped by Easter being on March 31st this year, the final count of closings for...
The first quarter of 2024 is the only 1Q in recent history to have increases in BOTH the number of listings AND the median list price. Previously, increases in pricing had a corresponding dip in the number of listings available for buyers to consider. If you are like...
Happy March! These are updated on the first of the month and are interactive: No real concerns there. The low volume causes the bumpy appearance, but for the most part, the pricing is fairly steady. If there were a downward trend for a few months, it would be...
This month's housing stats will benefit from an extra business day due to the leap year, but it will just be icing on the cake. The sales this month have already blown by last February, in spite of higher pricing. I think we can say that we're back to frenzy-like...
If Zillow made their predictions based on traffic to their website, it would be impressive. I'm not sure how they figure these though. Generally, they are expecting +3% to 4% in home values around here over the next 12 months: Carlsbad 92008 Carlsbad 92009 Carlsbad...
January Detached-Home Sales & Pricing, La Jolla to Carlsbad It was in June, 2022 that Fed Chair Jerome Powell told reporters that spiked mortgage rates would “reset” the “overheated” pandemic housing market. Last month had the highest pricing metrics AND the...
As of February 1st, the January sales count is 103, with the median sales price at $2,275,000, which is a nice pop over the 87 sales from last month. The graph above shows how any momentum was thwarted by rising rates in October, and some relief now is probably...
