NoCo SD Market Conditions Category

More people are ‘going to California’ for housing

posted on June 17th, 2013 | filed under: Buying Strategies, Cardiff, Carlsbad, Del Mar, Encinitas, For Sale, Leucadia, Loving the Lifestyle, NoCo SD Market Conditions, Rancho Santa Fe, Solana Beach

In certain houCal Housesing markets, it seems homes are selling like hot cakes. Buyers in California are feeling the heat more than anyone, with four of the top five fastest-moving housing markets in The Golden State.

Orange County, San Diego, Sacramento and Los Angeles topped the list, with Las Vegas coming in at no. 5, according to data from ZipRealty.

In Orange County, the median days homes spent on the market dropped from 52 to 15, a 71% decrease year-over-year in March. Additionally, 29% of homes in Orange County sold in seven days or less. Conversely, the median home price shot up 27% year-over-year o $495,000.

San Diego saw a similar change year-over-year, with the median days on market dropping 59% from 49 days to 20 in March. One-quarter of San Diego houses sold in seven days or less, and the median home price jumped 22% to $390,000.

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Market Update: Home Price Surge to Moderate

posted on June 14th, 2013 | filed under: Buying Strategies, Cardiff, Carlsbad, Del Mar, Encinitas, Loving the Lifestyle, NoCo SD Market Conditions, Rancho Santa Fe, Solana Beach, Successful Selling

Last month we saw that the decline in the number of distressed home sales, bank-owned and short sales, has been the main driver in the recent surge of prices.

What we didn’t explain was why there were so few distressed property sales.

When the market was reaching its nadir in 2009, institutional investors poured in with big money and purchased bulk foreclosed properties from the bank, which they then turned around and rented.

That’s why the “shadow inventory” every pundit was trumpeting a few years ago never appeared.

Well, guess what? Those same investors are now fleeing the market.

According to Businessweek’s interview with Bruce Rose, hedge fund manager and one of the first to put money into buying bank-owned property, “we just don’t see the returns there that are adequate to incentivize us to continue to invest.”

What does that mean for the rest of us? First, we’ll be seeing more bank-owned properties come to market. Second, price increases should moderate.

To read the full report on-line, go to: http://dechamplain.rereport.com

Trends 6.14.13

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Cardiff (92007) Market Update for Week of October 15, 2012

posted on October 17th, 2012 | filed under: Buying Strategies, Cardiff, Loving the Lifestyle, NoCo SD Market Conditions, Uncategorized

Market Update for Cardiff, San Diego (92007):

The median list price in CARDIFF BY THE SEA, CA this week is $1,091,000. The 27 properties have been on the market for an average of 91 days.

Inventory is up and Market Action is trending down recently. While dayson- market appears to be trending lower, the overall conditions are weakening a bit.

Supply & Demand – The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

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Encinitas (92024) Market Update for Week of October 8th

posted on October 16th, 2012 | filed under: Buying Strategies, Cardiff, Loving the Lifestyle, NoCo SD Market Conditions, Uncategorized

Market Update for Encinitas, San Diego:

The median list price in ENCINITAS, CA this week is $1,062,500. The 256 properties have been on the market for an average of 68 days.

Inventory is up and Market Action is trending down recently. While dayson- market appears to be trending lower, the overall conditions are weakening a bit.

Supply & Demand – The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

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Carlsbad Market Update for Week of October 8th

posted on October 15th, 2012 | filed under: Buying Strategies, Cardiff, Loving the Lifestyle, NoCo SD Market Conditions, Uncategorized

Market Update for Carlsbad, San Diego:

The median list price in CARLSBAD, CA this week is $695,000. The 504 properties have been on the market for an average of 78 days.

Demand measured by the Market Action Index is increasing and dayson- market is trending downward. Even as more properties come available, these are positive trends for the market.

Supply & Demand – The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

 

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This Weeks San Diego Market Reports for: Carlsbad, Cardiff, Encinitas and Solana Beach

posted on October 12th, 2012 | filed under: Buying Strategies, Cardiff, Carlsbad, Encinitas, Good People, Loving the Lifestyle, NoCo SD Market Conditions, Solana Beach, Successful Selling, Uncategorized

October 11, 2012:  Here are the latest real estate market reports for North County Coastal San Diego including Carlsbad, Cardiff, Encinitas and Solana Beach.  These reports have great information about local home sales, housing inventory, median prices and days on market.

Follow these links to download the full report:

Here are some samples of the information you’ll find in these reports.  Updated weekly!

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Cardiff (92007) Market Update for Week of October 8, 2012

posted on October 10th, 2012 | filed under: Buying Strategies, Cardiff, Loving the Lifestyle, NoCo SD Market Conditions, Uncategorized

Market Update for Cardiff, San Diego (92007):

The median list price in CARDIFF BY THE SEA, CA this week is $1,099,000.  The 29 properties have been on the market for an average of 201 days.

Demand measured by the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.

Supply & Demand – The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

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This Weeks San Diego Market Reports for: Carlsbad, Cardiff, Encinitas and Solana Beach

posted on September 7th, 2012 | filed under: Buying Strategies, Cardiff, Carlsbad, Encinitas, Good People, Loving the Lifestyle, NoCo SD Market Conditions, Solana Beach, Successful Selling, Uncategorized

September 7, 2012:  Here are the latest real estate market reports for North County Coastal San Diego including Carlsbad, Cardiff, Encinitas and Solana Beach.  These reports have great information about local home sales, housing inventory, median prices and days on market.

Follow these links to download the full report:

Here are some samples of the information you’ll find in these reports.  Updated weekly!

Read the rest of this entry »

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Solana Beach (92075) Market Update for Week of September 3rd

posted on September 6th, 2012 | filed under: Buying Strategies, Loving the Lifestyle, NoCo SD Market Conditions, Solana Beach, Uncategorized

Market Update for Solana Beach, San Diego (92075):

The median list price in SOLANA BEACH, CA 92075 this week is $1,587,000.

Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

Supply & Demand – Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.

Price – Despite this week’s down tic, price trends in this zip code have generally been moving up lately. We are below the market’s high point, and we’ll investigate the Market Action Index later on to see if we expect this week’s blip to become a downward trend.

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Cardiff (92007) Market Update for Week of September 3rd

posted on September 5th, 2012 | filed under: Buying Strategies, Cardiff, Loving the Lifestyle, NoCo SD Market Conditions, Uncategorized

Market Update for Cardiff, San Diego (92007):

The median list price in CARDIFF BY THE SEA, CA this week is $979,000. The 9 properties have been on the market for an average of 73 days.

The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.

Supply & Demand – Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

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