When comparing active listings to pendings, we have called a 2:1 ratio 'normal'. It goes the same for total listings-to-solds; only half the listings sell in a normal market (which can be an abrupt lesson for sellers to realize that there's a 50% chance of failure)....
Hat tip to Dennis for the cnbc.com report on July home sales in San Diego: http://www.cnbc.com/id/101919762 Their report references the DQ report from Wednesday: Downer Diana noted that last month's total was a three-year low, but didn't mention that the frenzy...
Sales got off to a slower start this year, and the average pricing around San Diego's north coastal region (La Jolla to Carlsbad) is now looking for a foothold:
We are still getting reports that year-over-year sales are declining, and that means something is wrong or bad. Below they are comparing the counts to last year's frenzy numbers and are crying wolf. But what do you expect when the frenzy is over? Our local stats...
The North SD County Coastal region (Carlsbad to La Jolla) has 1,091 houses for sale currently - and 78% of them are listed over $1,000,000. If you take Carlsbad out of the mix, then 90% of the homes for sale are listed over $1,000,000! How do the 2014 sales compare?...
The national media keeps questioning the strength of the housing market, but locally the sales and pricing couldn't be much better - at least for sellers. This is the early count - when the late-reporters are complete, the number of June sales should be close to what...
The homes in the north coastal region from La Jolla to Carlsbad have always been relatively expensive. Of the 1,052 houses for sale today, 81% of them are priced over $1,000,000. (Take Carlsbad out, and 92% are priced over $1,000,000). But only 51% of the 1,233 NSDCC...
Now the red team is drinking the ivory tower kool-aid too. Here is their latest post, with the secondary headline that reads - Recovery Fueled by Investors is Stalled Until Traditional Homebuyers Step Up:...
Two things you don't hear when 'analysts' are describing 2014 home sales: 1. We are comparing Y-o-Y numbers to one of the hottest frenzies of all-time. 2. Sales are down because sellers are asking too much. Instead, we get this explanation below: We have higher...
Here's more data on last month's detached-home sales around North SD County's coastal region. The new MLS doesn't have the same statistics available, but for some reason it is crazy about reporting the sales volume everywhere, for which the average realtor has no use....
