Earlier in the year the NSDCC averages were touching $500/sf, but April finished at $448/sf. It looks like the typical number of sales in May should be in the mid-200s, and last year's 362 sales was a sign of how wild the frenzy was in early-2013. NSDCC May Sales:...
Dataquick's April report was released yesterday, and it showed a now-modest 8.7% year-over-year increase in the San Diego County median sales price: http://dqnews.com/Articles/2014/News/California/Southern-CA/RRSCA140513.aspx An excerpt: “The housing market’s pulse...
Let's look closer at the individual neighborhoods, and see how sales and average-pricing-per-sf have changed for detached-home sales that occurred in the March 1st-to-April 30th period: Town or Area Zip Code 2012 2013 2014 2YR % chg $/sf Cardiff 92007 13/$475 18/$523...
Yunnie says it's 'unhealthy', but sellers would disagree. From MND: http://www.mortgagenewsdaily.com/05122014_nar_metro_home_sales.asp Lawrence Yun, NAR chief economist, said the price trend is favorable. "The cooling rate of price growth is needed to preserve...
The origins of the frenzy began when rates slipped under 4.0% at the end of 2011, and you can see how sales started popping in April, 2012: But now that both rates and prices are finding some equilibrium, the sales count is looking more like a regular April, than a...
The year-over-year comparisons will continue to expose how hot the frenzy was last year. Most of the reports and opinions jump to the conclusion that housing is lagging this year, but when you compare it to the previous period it looks pretty good - at least around...
Last week we saw that San Diego was #1 in the nation for least affordable housing compared to the renter's median income. This article ranks the Top 10 cities in America by median list price, with the highest eight cities all located in California (San Diego is #7):...
The Department of Numbers, aka Housing Tracker, did correct their local San Diego inventory count this week. http://www.deptofnumbers.com/asking-prices/california/san-diego/ Previously they were always higher than the MLS, and we thought it was due to them adding...
Here is the March sales activity reported in a fairly unbiased manner. But the realtors blamed year-over-year drop on winter? From KPBS: http://www.kpbs.org/news/2014/apr/08/san-diego-real-estate-market-shows-improvement/ Real estate in San Diego regained some ground...
The March sales will look bleak to the casual observer. When you compare these preliminary numbers (late-reporters might add another 5% or so) to the frenzied-up March, 2013 counts, the differences are -29% and -22%. March Sales of Detached-Homes Year NSDCC Sales Avg...
