How are we getting out of the box in 2016? The listings count is on the rise, combined with a relentless push on prices! Buyers look like they want to go in the other direction, price-wise, but the 93 solds is a great sign that sellers and buyers are finding a way to...
The 2015 annual sales and median SPs looked pretty good - we know that declining sales are the precursor of a downturn, but only Carmel Valley has a noticeable drop. There are more new homes for sale than ever in Carmel Valley, and those aren't all reported as closed...
Zillow came out with their Hottest Housing Markets of 2016, and San Diego didn't make the list: http://www.zillow.com/blog/hottest-markets-2016-190331/ They based their 'hotness' on a combination of employment, recent income growth, and the expected increase in the...
The fourth quarter of 2015 didn't show any surprises - sales and pricing are rumbling along. Del Mar had a statistical pricing slump, but if you look at the median cost-per-sf ($601/sf, $627/sf, $617/sf), it helps to smooth out the bumps in a super-custom area:...
There will still be late-reporters, but let's review the annual NSDCC sales. Year NSDCC Annual Sales Median Sales Price 2012 3,154 $830,000 2013 3,218 $952,250 2014 2,849 $1,025,000 2015 3,011 $1,095,000 What can we expect for sales this year? Rates have dropped back...
This year will be over in hours! How did we do? The San Diego Case-Shiller Index is 6.2% higher than it was 12 months ago (October to October readings), which beats just about everyone's expectations. But the tony north-coastal region (La Jolla to Carlsbad) had...
Want to guess when the best time will be to sell your house in 2016? Let's reflect on recent history. The Big Frenzy of 2013 was super-charged by mortgage rates dropping into the low-3s during 4Q12. The low point for the 30Y conforming rate was 3.31% during the week...
The talking heads are wondering if the 10.5% month-over-month drop in existing home sales is related to the new TRID mortgage regulations. Those with a national voice are usually quick to blame everything but prices for any glitch in the statistics. The M-o-M...
The impact on mortgage rates from yesterday's Fed move was priced in already, and it's doubtful we will see any short-term change in our local real estate market conditions. But the Fed also indicated that they intend to 'gradually' raise their target range for the...
Most home sellers will try to sell their house for months (or years) before thinking their price might be wrong. As a result, there will need to be a long stagnant period before there is any chance of prices going down, market-wide. Results will vary by neighborhood!...
