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...
There are concerns that lower pricing will cause recent home buyers to be underwater - and potentially create another bubble to pop. A factor to consider when assessing the current market conditions is how quickly the affluent buyers have taken over the marketplace...
San Jose is ahead of us, and San Francisco is about the same. As long as the Bay Area remains an obvious feeder into the better-valued San Diego-Carlsbad market, we'll be fine.
Yesterday a guy said he wasn't interested in anecdotal evidence and just wanted to see the data. But we were talking about the buyer demand in 2023, of which we have no data yet. In addition, the data we do have doesn't have to repeat itself or be a trend, because...
I've been hoping for 100+ sales per month the rest of the way this year. Currently, the October count is 108, so it should get up to around 120 sales by mid-November. Here are the monthly sales and pricing for 2022: NSDCC Detached-Home Monthly Sales & Pricing,...
