June 7, 2021
Median house sales prices have seen an astonishing increase since the pandemic struck.
May 28, 2021
NOT TRUE that supply is low because many people are not selling their homes due to Covid fear. Sales are expected to be up 9% this year – the highest level in years. Sales cannot be up if fewer people are selling. Some people may be waiting to sell due to Covid.
May 11, 2021
Per the CA Dept. of Finance, state population dropped in calendar-year 2020 (by 182,000),the first decline since its founding in 1850.
May 10, 2021
House and condo median sales prices have hit new highs since the pandemic struck, with houses, in particular, seeing a dramatic spike up.
April 24, 2021
The luxury home market is sensitive to economic conditions, such as the stock market, which peaked in 2015, 2018, early 2020, and early 2021. And, of course, the pandemic was a huge factor in the market, starting in spring 2020.
April 8, 2021
Q1 is typically a slow quarter, its sales and sales prices mostly reflecting activity during the midwinter holiday “doldrums,” as the market gradually wakes up in the new year. But there was little in the way of doldrums this winter and the first quarter quickly accelerated into a very competitive, high demand/low supply market.
March 8, 2021
At the beginning of the new year, it is not unusual for buyers (demand) to jump back in much sooner than sellers (supply),a dynamic which commonly accelerates as spring gets underway. When demand surges while listings lag behind, buyers must increasingly compete, often heatedly, for appealing homes. This imbalance in supply and demand adds considerable pressure to the market, with overbidding and price increases becoming common. This has occurred with a vengeance in early 2021.
February 28, 2021
Strong Finish to 2020 & Heated Start to 2021
January 31, 2021