Obviously, this year isn't over but it's close - and we'll be lucky to hit 1,800 sales this year (there have been 22 sales closed in December so far). The identical Sales/Listings percentage over the last two years includes a blazing hot first half of 2022 so the...
A former federal regulator who served when the 2006 housing bubble burst is concerned that today’s housing market is on an unsustainable path. The housing market’s affordability is worse than it’s been in decades as mortgage rates toy with 8%. The median price of a...
Let's look at the graphs that were updated with November's data today: About 50,000 people live in Carmel Valley, 92130, and only seven houses sold there last month? The pricing is holding up for the few who do sell: The wildest frenzy period was from Spring, 2021 to...
The market is so much different now than it used to be that we should jettison all previous assumptions (paraphrased from a Rob Dawg comment years ago). In the old days, prices would be coming down by now because the demand would have been severely impacted by higher...
A columnist reflected on history to help measure whether it's a seller's market, or a buyer's market. I like it! House-hunting’s transformation includes several market trends including people moving less often, consumers accessing detailed market info, near-instant...
Having 2,218 new detached and attached listings in a county of 3.3 million people is anemic. There were 4,198 new listings in October, 2019. But it doesn't look like we need any more - those on the market aren't selling like before. In fact, the unsolds are starting...
They update the previous month's stats on the first of month, so here's the latest for Carmel Valley, Carlsbad, and Encinitas: Encinitas had an crazy price bump in June, but toss that stat out and the pricing looks fairly steady. There just aren't enough homes for...
San Diego is #1! Hat tip to Mitch for sending this in: According to the magazine, the Value Index measures how comfortably the average resident of a metro area can afford to live within their means. Specifically, it looks at housing affordability, as well as federal...
Even as the doom continues to pour in from other areas that aren't as fortunate as the North San Diego County coastal region, our home sales are defying expectations. Two facts: In September, 2022, there were 146 sales with a median sales price of $1,940,000 (16%...
