Quiet Sunday so I did some playing around. My community is large with more than 1000 homes. I looked back 20 years how many homes were listed each Winter between November 1st and Today (February 19th). The community is about 25 years old.
Back in the first several years there were alot more folks that moved up or away as we had a nice appreciation of about 50% the first 4 or 5 years.
Over that period from 11/1 to 2/19:
There would be 20 to 30 listed the first several years
During the bubble it was usually between 15 and 20
During the bubble burst it was around 15/year (many distressed sales)
Over the last decade there have been 1 or 2 higher or lower counts but for the most part it has consistently been 8 to 12 homes listed.
Since November 1st of last year there have been 2 homes listed for sale. One just closed and the other took it off the market after a month. Maybe they try again later maybe not.
The one that sold had 3 Bay Area families fighting for it. It closed 10% over asking and within 10% of last Spring peak. In the Fall it would have likely sold as much as 10% below asking. How quickly things can change and how much low supply can impact pricing.
The total sales on the MLS from 2012 through 2022 (full years) was 469 homes (some of which are repeat sales).
Thats about 47/year.
I think we should get into the teens but its possible that there will be under 10 sales this year.
This reply was modified 2 years, 3 months ago by sdrealtor.
This reply was modified 2 years, 3 months ago by sdrealtor.
