Typically, sales begin to taper off in July and decline for the rest of the year. This year should be no different.....and the drop might have already begun: NSDCC Monthly Sales, 2017 May: 343 June: 225 (as of this morning) The last week of the month always has a...
Reader Tom had this observation yesterday: I think the market turned this week. I’m seeing more inventory where I look. I’m seeing more price reductions. I’m seeing houses come on decently priced that aren’t flying off market. I think we will look back in 2 years and...
The overall environment can be sized up by comparing how many houses have sold, compared to the number of new listings hitting the market. A surge of new listings can set buyers back on their heels. We could make that case about what happened last spring, when we had...
A normal-looking week around North San Diego County's coastal region: Week New Listings New Pendings Feb 6 101 55 Feb 13 89 55 Feb 20 92 57 Feb 27 66 73 Mar 6 102 66 Mar 13 99 59 I was comparing notes with a top agent yesterday, who agreed that the market is on fire...
Phew - back to what we normally expect during the selling season. We had 102 new listings this week between La Jolla and Carlsbad! Week New Listings New Pendings Feb 6 101 55 Feb 13 89 55 Feb 20 92 57 Feb 27 66 73 Mar 6 102 66 The new pendings dipped though, and it...
My thoughts on how the spring selling season is doing so far:
Graph showing how San Diego resales jump in March – and those are sales that began in January and February!
The real estate market in the North San Diego County coastal region looks better today than it did at this time in 2016!
What can we expect from home sales this spring?
Just a month after President Donald Trump’s inauguration, a federal anti-money laundering program that targets luxury real estate is set to expire. The dragnet monitors pricey home deals for signs of dirty cash, helping detect criminals who launder money through real...
