We've all heard the rule about listing your home for sale in the spring. But when are buyers actually buying? Are there any times when the demand could wane, and sellers should avoid? There are three events that could cause a lull in the demand: Easter/Spring Break...
I like to compare the counts of active and pending listings to help determine the overall 'health' of the marketplace, and a 2:1 ratio always seemed to be 'normal', roughly. Le's compare the comparisons! These are the counts from February 1, 2016: Area Zip Code ACT...
Larry got his knickers in a bunch today with the news that the national sales dropped 7.1% from January to February: http://www.realtor.org/news-releases/2016/03/existing-home-sales-fizzle-in-february Lawrence Yun, NAR chief economist, says existing sales disappointed...
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. This is a review of NSDCC detached-home sales that closed in March, 2016: Year of Previous Sale 1st Review...
Our favorite doomer has published some interesting stats about the Bay Area: But he is looking at one month only, and comparing to one year only, 2015, which was hot. We'll see how it plays out. Yesterday around here we saw a 9% increase in NSDCC new listings and a 9%...
The Chinese buyers are dwindling, rates have ticked up, and more inventory is hitting the market. Is this the sign of something? Statistically, it looks manageable - NSDCC detached-home sales are down 9%, and new listings are up 9% year-over-year: NSDCC Jan 1 to Feb...
Love these guys who predict future declines in pricing with such certainty: http://journal.firsttuesday.us/san-diego-housing-indicators-2/29246/ The price of low-tier housing in San Diego County skyrocketed after the latter half of 2012, peaking in Q3 2014...
The number of sales is a leading indicator, and a precursor of things to come. It's doubtful that home sellers will get too concerned about a couple of data points, but it will be interesting to see if the trend of fewer sales continues: NSDCC Houses Sold in February...
The San Diego Case-Shiller Index showed 7.2% appreciation for 2015, but can we break that down further? The Zillow version (assuming these are more accurate than their zestimates!): Zillow ranked ZIP codes based on their median home value in January 2015, and grouped...
The crew over at CL came out with their year-end report today, which included their forecast for 2016. They consider the San Diego-Carlsbad metro area to be undervalued.....just like San Francisco and Boston(?). They also expect that prices in our area will rise 7.8%...
