Bill charts the seasonal flow of the national median home price below: His full article: https://www.calculatedriskblog.com/2023/04/the-normal-seasonal-pattern-for-median.html San Diego County doesn't have the drastic weather changes which impact sales in other parts...
Where do home prices go from here? Hopefully, it will be more predictable than it has been lately! The Fed's insistence on raising rates just to see if they can tank the economy should keep a ceiling in place. The buyer pool is already limited to only those who can...
Mark is one of the best appraisers in the county: The median sales price for a detached home in the county continues on a seasonal climb. According to our MLS (depicted on the chart below) the median detached home price in March was $934,500. While the median price is...
When it comes to anticipating the direction of the real estate market, the median pricing isn't nearly as informative as these indicators - Number of Sales and SP:LP. We are used to seeing the sales increase early in the year, but it could have been different if...
Combining the January and February stats gives us the larger sample sizes to better identify the trends. The sellers are doing a phenomenal job at restricting the supply, and there have been enough buyers to keep the momentum going. The current listings/sales ratio...
We have an unusual obsession with home pricing - I say unusual because nobody cares that our measuring devices are deeply flawed and regularly give the wrong impression. With the stakes being so high, you'd think homebuyers would investigate thoroughly - but everyone...
Realtors are known to comfort buyers who have lost a bidding war by saying, "There will be others". But will there be? Especially for those at the entry level of every market....where the action is the hottest. Above are the NINE houses that sold under a million...
I was confident that in the last few months of 2022 we would reach at least 100 detached-home sales between Carlsbad and La Jolla. We are up to 102 in December, after closing 118 in November! I wasn't so hopeful about January. As of today, there have been 68 closings...
The last Inventory Watch of 2022! How does it compare to where we started? Average List-Price-Per-SF of Detached-Homes Between La Jolla and Carlsbad Price Range First Week of January Last Week of December Difference 0-$1,500,000 $832/sf $737/sf -11% $1.5M - $2.0M...
Shadash said, "Right now the only thing propping up prices is limited supply." Indeed, and it's how the pricing got here in the first place. The demand for homes in the San Diego coastal regions has been higher then the supply for decades now, and it's probably not...
