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sdrealtor
ParticipantParticipantWeek 1 of Febuary
New 11 (8) –
Pending 14 (15) –
Thats -3
Closed 11 (12) –
Total houses on the market 63 (55 last year) with a median of 2.25M (2.2M). Two years ago we were at 26 and in 2021 after peak pandemic concern was dissipating we were at 44.
New listings continue to run slightly ahead of last year with pendings about the same. Its a bit of a stand off up here. What buyers want they flock to immediately and the others take a month or two to sell
I think this will be a year of consolidation to firm up these price levels +/- a bit but mostly flat pricing. This is still a relatively strong sellers market with constrained inventory
ParticipantWeek 1 of Feb
New listings 3 (3) –
New Pendings of 4 (7)
Thats -1
Closed sales at 6 (2)
Total houses for sale 3 (10) with median of $1.114M (995k). There were 7 on the market 2 years ago and 13 in 2021.
Did I say this was a red hot market last week? Yeah I thought so
ParticipantAverage monthly health insurance cost by state
ID $495
FL $457
TX $436
AZ $436
CA $426
ParticipantAnnual homeowners insurance cost by state
TX $3875
FL $2385
AZ $1530
CA $1300
ID $1165
Funny how expensive that cheap housing is to insure
ParticipantI live in a gilded neighborhood? Pot meet kettle! You live in a neighborhood that is probably around double the median in SG! Good for you but it is not representative of the great Saint George which has no real employment growth industries.
The economy is destiny!
ParticipantAnd just to be clear, this place is not perfect. We have our challenges and issues. Every place does. But all things considered we have it as good as anywhere and the premature demise of CA is the right wings favorite story to tell
ParticipantNext door? Are you kidding? That place is a joke and a cesspool.
The people leaving encinitas are leaving because they can no longer afford it or it’s no longer the small blue-collar hippie beach town at once was. The biggest complaint they have around here is they are actually trying to build some density and more of the entry level category of homes. I’ve lived in this area 30 years and it’s grown in change dramatically. It is quickly becoming the Newport Beach San Diego county for better or worse.
Utility rates this year are well below what they were last year. Gas prices have come down also over the last several months. People are always complaining about schools and politicizing them. The reality is class sizes are down and the people complaining should be happy about that. They are down because we are at the point in the cycle were young families, move out and old families move in or age in place. We went through this before and it will pass until we go through it again. It’s all part of the cycle that I’ve seen here over the last three decades. Crime statistics show that crime is down, but people want to politicize it so they question the data. What is up is the reporting of crimes on places like next door along with coyote, sightings and people putting their dogs, poop bags in others trash cans.
politicians all do the same thing which is whatever they have to do to stay in power or get in power. Then they give their friends jobs. Both parties do it.
Life around here has definitely changed over the decades. I’ve been here. Some people lament it is for the worst and others think it’s for the better and others think it’s just different. So goes life.
ParticipantOnce again, you refer to these imaginary studies and research without ever providing a link to any of it. If it exists, please send it so I can actually read it and see if it has any validity. Things you mention about the pandemic are mostly short term and will quickly resolve themselves. A lot of that has already. I am in downtown San Diego quite often. In fact, I was there this morning. The homeless population that I see out there has dropped very noticeably. You post continuously the right wing rhetoric without ever providing any source data. I am there multiple times a week and I see the changes. The tide is quickly shifting.
What is not shifting is the economic development of Southwestern Utah. There are no new industries there. And you claim people are coming there yet. The data I provided shows sales are dropping there quickly. The market is no longer hot there and perhaps you were behind the curve chasing after your grand children. I hope you are enjoying being around them. You’re probably stuck there now and can’t afford to come back.
all the markets you like to talk about that people are going to are the first ones that are starting to crash. I will be following and updating as this progresses. We still live in the greatest place in this country. You were here and had your chance and gave up on it. In the years ahead, the benefit of hindsight will show what a mistake that was.
and I have no favorite politicians. I am not part of the grievance committee that looks to blame everyone else for what I don’t like or my problems. I believe in personal responsibility that ironically was the corner stone of your beloved politicians, who have abandoned it. It’s hysterical watching your party abandon the economy as an issue because it’s coming right along. Now it’s all about immigration because that’s all you think you have left. It’s all just so sad.
ParticipantWeek 4 of January
New 14 (9) –
Pending 13 (18) –
Thats +1
Closed 4 (11) –
Total houses on the market 63 (56 last year) with a median of 2.3M (2.2M). Two years ago we were at 24 and in 2021 after peak pandemic concern was dissipating we were at 48.
New listing counts seem to be running ahead of last year but most of what I see is higher end and more unique properties. good if you are looking for a beach property but not if you are looking for the more typical entry level or first move up family home.
Im thinking this is gonna be another tough year for buyers, sellers and those in the industry.
ParticipantLast week (4th week of Jan)
New listings 3 (5) –
New Pendings of 6 (2)
Thats -3
Closed sales at 6 (6)
Total houses for sale 5 (11) with median of $1.1M (960k). There were 4 on the market 2 years ago.
This is not just a healthy market it is a red hot market. Houses are selling quicker than they are being listed and inventory is dropping. This should be a good year for values here
ParticipantWhat the heck, how about an update. For December 2023 the number of home sales dropped over 20% in old Saint George despite having much more inventory. Redfin scored the market as 15 out of 100 for their heat index. Things are cooling down there very quickly. As a matter a fact its 39 degrees there right this moment!
As a point of comparison, in San Diego which is even more inventory constrained this year than last home sales are down only 11%. If we enjoyed the excessive inventory that Saint George offers we would have been well into the positive. San Diego scored 81 out of 100 in that same market heat index.
So despite the ongoing ramblings of Right Wing Prof, San Diego continues to excel while the cracks in Saint George have not only formed but the foundation is now crumbling! Before you know it the distress sales will be rolling in for investors with shark like appetites’ for SW Utah.
ParticipantYup you called that one. Piggs of a certain age remember one of the most iconic song lines and its embarrassing he got not one part but both parts wrong. He didnt leave, he got kicked out of CA
ParticipantAh yes professor nonsense who always shows up with random propaganda and never a lick of data. Keep reading your right wing nonsense about things that haven’t happened, and almost certainly won’t.
What will happen is you’re a little island of nowhere will come crashing down much sooner than you think
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