What will buyers do when faced with rapidly-rising list prices? We know that sellers are going to be adding more frosting to their already better-tasting cake. Here is the San Diego detached-home graph, showing the recent list prices going through the roof (note how...
We have an unusually low amount of homes for sale (blue line) during the prime selling season - last year we had almost twice as many houses for sale, then we have currently. I think it is part of the precision in the marketplace. Any seller who prices reasonably -...
Even though we keep hoping for more inventory, new listings are down in every category around North SD County's Coastal region, compared to the last two years. New Listings of Detached Homes between April 21st and May 25th: Year Short Sales REOs Non-SS/REO 2010 50 20...
I was telling someone over the weekend how the local market has been smoking hot lately - at least for those sellers who list their home for a reasonable price. He responded with a guffaw, and the usual indignation, "That's not what I've been reading". Here are the...
In August we saw a spike in NODs, mostly due to Bank of America's increased output. It was mentioned here that last month's NODs appeared to be slowing. But I just figured out that the NOD reporting by foreclosureradar.com runs about 10 days behind - even though they...
How is that spring selling season coming along? North San Diego County Coastal detached sales and pricing, January through May (5 months): Year # of Sales Avg. $/sf 2000 1,377 $268 2001 1,117 $289 2002 1,568 $292 2003 1,411 $330 2004 1,380 $427 2005 1,244 $472 2006...
Here is the average LP/SP $-per-sf of detached properties sold in North SD County Coastal: Period LP $/sf SP $/sf 2010 $402 $380 4Q10 $411 $381 Jan/Feb'11 $392 $370 But the recent action has been startling - last week the average LP-per-sf of the 52 pendings was...
If you're trying to gauge your chances of finding a seller who is distressed, here are the number of detached properties that have listed on the MLS as short sales (SS), bank-owneds (REO) or regular sellers (Reg.), plus the number of SFR trustee sales completed...
We have discharged all previous assumptions, and are open to what the future may bring for the local real estate market. Let's examine - what are the possibilities, given these conditions: 1. Low sales volume. 2. Low pressure on pricing. 3. Not many foreclosures. 4....
Are you thinking, "what can I expect this year?" For those watching the new listings that are hitting the MLS these days, it may seem familiar. So far, the 2010 Spring Kick is looking much like last year's. Courtesy of our friends at Housingtracker.com, we're seeing...
