Two-thirds of 2016 is complete - how did we do? Our local NSDCC market is comprised of 59,119 single-family residences between La Jolla and Carlsbad (according to our MLS tax rolls). Last year we only sold 3,024 of them, and the way 2016 is going, we will sell fewer...
Our N.A.R. head cheerleader does his best at fabricating a believable story behind the 3.2% drop in existing-home sales: Lawrence Yun, N.A.R. chief economist, says existing sales fell off track in July, after steadily climbing the last four months. "Severely...
I wish they had a fourth tier... http://journal.firsttuesday.us/california-tiered-home-pricing-2/1592/
In the recent past, we have had a real drop-off from June to July in NSDCC sales. But this year the decline was only 5%, and once the late-reporters are done, it should be close to even: Year # of June Sales # of July Sales July Median SP 2012 339 258 $850,000 2013...
When comparing the 2016 activity to previous years, we stack up pretty good - when we combine months. Here are the links to May/June and Jan-Jun numbers. But when we look at June only, it looks like we've hit a bump in the road: June Sales and Pricing Year # of Sales...
Today is the last day of the first half of 2016! Here is how this year's NSDCC market compares to previous years: First Half New Listings Houses Sold Median Sales Price 2012 2,545 1,477 $815,000 2013 2,790 1,670 $919,950 2014 2,712 1,430 $1,020,000 2015 2,769 1,530...
The national cheerleaders get excited about every nugget of data, and are happy to jump to conclusions. Yunnie is finally tip-toeing around the downsizing trend that we see everywhere around here, but he can't assume that those sellers are buying too: “The May gain...
The first posting in this series was on December 12 – let’s check in occasionally to see how long recent sellers owned their home before they sold it. Here is the third review of the NSDCC detached-home sales - these are sales that have closed so far in June, 2016:...
Low mortgage rates are keeping the party going! As mortgage rates dipped back into the mid-3s in February, buyers responded. The closed sales in April and May were healthy, and supported by sellers who are being reasonable about price - the cost-per-sf is about the...
Let's compare the NSDCC detached-home sales closed during first five months of the year, and the percentage of million-dollar sales: NSDCC Detached-Home Sales, Jan - May Year $1M Sales Total # of Sales $1M Percentage Median SP 2002 302 1,568 19% $610,000 2003 316...
