Sales and Price Check
Seller vs Buyer Markets
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...
SD County Update
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...
Local Sales and Pricing
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 Most Expensive
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...
NSDCC September Sales
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%...
Plunging Sales
The local sales numbers are frightening. Compare our sales counts to these areas: Populations / Sales = People Per Sale New Hampshire: 1,389,000 / 1,490 = 932 Portland metro: 2,220,000 / 1,717 = 1,293 Las Vegas metro: 2,227,000 / 2,374 = 938 Charlotte metro: 2,267,000...
San Diego YoY is #2
The following metro areas had year-over-year median home price increases of 10% or more since September 2022: Los Angeles: 23.8% San Diego: 18.2% Richmond: 15% Cincinnati, Ohio: 14.6% Providence, Rhode Island and Massachusetts: 14.6% Boston: 14.1% Columbus, Ohio:...
NSDCC September Sales, Preliminary
We're having another amazing month, and should get close to 150 sales! The pricing appears to be holding up nicely too (and more evidence that July's collection of lower-priced sales was an anomaly).
SP:LP Ratio
One of the best ways to monitor the pricing trends is to watch for changes in the SP:LP ratio. Last year the pricing got soft in the fourth quarter, so we'll keep an eye on the SP:LP trend this year - but so far, so good:
