In the first four months of this year, the market was a bit lethargic with more new listings and fewer sales than in 2015. The trend was reversed in May, with fewer new listings but more sales, YoY! Year New Listings Closed Sales 2012 425 289 2013 490 362 2014 497 269...
We're wrapping up the month of May today, and the spring selling season. Oh yes, there will still be plenty of blue sky ahead....until there isn't. The NSDCC closed sales this month are looking like they will exceed last year's total for May - which was 287 sales....
We saw how the La Jolla-to-Carlsbad region had experienced more listings between January and April, but fewer sales for the first time since 2006: LINK Let's break it down by area to see the hotspots. New Listings and Sales Between January and April (NL = New...
It was concerning that the NSDCC sales in March had dropped off considerably year-over-year. But we had a good bounce back in April - and when you look at the numbers this way, it's obvious that March, 2015 was unusually frothy: Monthly Detached-Home Sales, Carlsbad...
Today we are wrapping up the first third of 2016! We complain about low inventory, but we've had more NSDCC houses listed in the first four months of 2016 than any year since 2011: Year Jan-Apr New Listings Jan-Apr Closed Sales NL/CS Ratio 2005 1,778 958 1.86 2006...
I was talking with a potential buyer today who noted, "Everything's is $1,000,000+ now!" I could hardly wait to get home to check the count. In the La Jolla to Carlsbad region, 89% of the detached-homes for sale are asking at least $1,000,000!
The hustle to move up the housing ladder is something people did when they were younger - and prices cheaper. Those move-ups have gotten you here, and hey, it's not so bad - especially if it means that to replace your home, it costs two or three times more than you...
Today's prices are higher than they were in 2007 around most areas of North San Diego's coastal region, and the median sales prices in the quaint coastal towns of Cardiff, Carlsbad, and Encinitas have blown up! But Rancho Santa Fe - facing too much competition from...
There has always been some sort of relationship between inventory and sales. When inventory is tight, sellers have the advantage because buyers get frenzied up and just pay the price to win one. With a smaller increase in inventory, the frenzy can soak up the supply -...
San Diego ranked #5 in America for its 19% growth of $1,000,000+ sales last year, compared to 2014. However, the number of million-dollar sales and the median sales price both dropped in 1Q16, compared to 1Q15: 1Q - Year Number of $1,000,000+ Sales in SD Median Sales...
