Last week we saw that there was a 17% surge in the number of new listings towards the end of this year, compared to 2014. What is the effect on closed sales? The impact could go either way. More well-priced listings could energize the market, and sales increase. Or a...
Here's another look at the higher-end pricing. This is the 6-month rolling average for detached-home sales above $589,000 in all of San Diego County: These stats are going to bump around, but generally the trend has been mostly flat lately. Case-Shiller Index coming...
The stretch between La Jolla and Carlsbad is an affluent area! Below is the annual number of houses sold for $1,000,000 or more - and 2015 still has six weeks to go with 214 sales pending! Just the sheer number of higher-end sales is impressive. General median...
The stats from the first ten months of the year looked good. How do the last couple of months compare to previous years? Are we reaching the buyer-exhaustion stage, where the inventory is so picked over that sales are suffering? September-October Detached-Home Sales,...
http://journal.firsttuesday.us/california-tiered-home-pricing-2/1592/ The San Diego lower-end market has been red hot this year! No big surprise - when mortgage rates are in the 3s, houses priced under $500,000 have monthly payments that are similar to their rents....
People get excited about home prices going up or down based on the median price statistics, which are easily skewed. The explanations are humorous too, where the declines tend to be dismissed, and increases lauded (in bold below). From HW: According to...
Our active-listing statistics should be settling down for the next couple of months - not because the market is quiet, but because sellers don't like to make any drastic price moves in the off-season. We can probably expect that the list pricing will jump right after...
The California Association of Realtors published their 2016 Forecast last week, and it's a whopper - 131 pages (scroll down to bottom of page for full report). Here are the highlights: San Diego County prices and sales are positive, which is a healthy sign. The...
I love Dr. Housing Bubble, one of the best real estate doomer blogs ever, and still going strong. He did plug San Diego as the best housing market in the West, according to the latest month-over-month Case-Shiller data, but the comments erode quickly:...
Yesterday, the NAR reported the national home sales for August. The number was below estimates, and there was some concern about the 'market'. We already reviewed the August sales on September 6th, split into two categories. To update, and to pick up the eight...
