In spite of having about 300 fewer homes for sale to consider, our total number of pendings has exceeded last year's count at this time! A sensational market comeback! There were 59 new pendings between $1.0M and $3.0M in the last week: NSDCC Actives & Pendings By...
THE TOTAL NUMBER OF NSDCC PENDINGS WENT UP 25% IN THE LAST WEEK! NSDCC Under $1,000,000 Market Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of Pendings Jan 7 72 $469/sf 55 49 Jan 14 78 $487/sf 49 48 Jan 21 82 $488/sf 49 49 Jan 28 68 $480/sf 53 64 Feb 4 72 $483/sf...
I drew this up on April 15th. The market has been heating up nicely since. Let's modify the chart by making all of June a hot zone, with a breather around 4th of July!
An update on two of the homes featured here that garnered multiple offers. As expected, they sold for well over their list price. This one got $51,000 over the top of their price range: This one had 20+ offers, and sold for a whopping $190,100 OVER LIST PRICE! The...
Rates are really low, and the market is responding. We've considered it a balanced market when the active listings are running about twice the number of pendings. Here's how we're doing so far in 2020, and compared to last February: NSDCC Detached-Home Active and...
With our tight inventory and ultra-low mortgage rates, it kinda feels like Tesla stock. One minute you're in the $800s, and the next thing you know, the same house is in the $900s! What can buyers do? Buy location. Don't buy crap. Simple enough, right? But it's hard...
Mortgage Amount 30-Yr Rate Monthly Payment $540,000 9.0% $4,345 $688,000 6.5% $4,349 $810,000 5.0% $4,348 $885,000 4.25% $4,354 $1,000,000 3.25% $4,352 The same buyer who qualified for a $810,000 loan amount just 15 months ago can now borrow $1,000,000 and get the...
Richard was the listing agent in 2014 when Tamara's clients paid $620,000 for this 1,296sf Encinitas house built in 1974. At the time, it was tenant-occupied and in its previous condition - I dubbed it a 'light fixer': They put in the work, and listed it last week...
Last Wednesday I was discussing the current market conditions with Candis while at her listing of a Davidson home on Calle Pera - which we both thought was priced right and should be selling in spite of it being on the market for 50 days. I mentioned to her that it...
The severe shortage of homes for sale is upending the sales calendar for the whole housing market. Spring has historically been the busiest buying season, but as competition for homes heats up across the country, January is the new April. Spring starts now. The...
