First, the numbers. This spreadsheet compares the number of active and sold properties in each zip code, compared to the same time last year, and the average list or sales price. For a PDF version, click here.This is very confusing, right? Stay with me here - we are looking at real estate trends and in the light of all that's gone wrong this year-Coronavirus, civil unrest, job losses, restaurants and bars closing (so you can see where my head's at), life as we knew it-real estate should be devastated, right?Well, it''s not. Sure, there are fewer sales this year than last-after all, we have experienced an incredible loss of jobs and money. Lenders are nervous, people in general are nervous, but true buyers in a certain price range (and it's generally not the highest range with exceptions) see their chance and are going for it!We are representing buyers who are up against 10, 39, 40 offers! Some of our buyers have all cash! And they can lose to someone who has more. Once in awhile, we pull off unlikely deals -like we were actually quite a bit lower than the highest offer on one house but we got it because the buyers wrote a great letter and we represented them instead of the out of area unknown agent. The sellers cared about such things. Some do, some don't. You never know.If you compare the average sale price of 2020 and 2019, you see that they are higher this year over last year, in every zip code except South Pasadena. This is not the sign of a recession.
