The inventory is a deserted island. Houses in SW Carlsbad that we thought were $1,000,000 just 6-9 months ago are now listed for $1,200,000-ish. What’s worse for buyers is that there is no hope it will change, and now this:
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Here are the basics of the home decor that is hot today. They call it transitional style because it balances multiple styles, but it’s also the look for those who are in transition – it’s the staging look that buyers see everywhere!
With so many decor styles out there, it can be hard to stick with just one. Modern, rustic, shabby chic, traditional—deciding on the vibe you want for your home can be downright confusing. But here’s the great thing about interior design: Many of these styles overlap, and can actually work really well together. The design world uses the term “transitional style” to describe the type of design that melds two different aesthetics—modern and traditional—into the same room. So how can you bring transitional style into your home? Our experts break it down for you.
Historically, we have considered our market to be relatively ‘healthy’ when the actives-to-pendings ratio is around 2.0 – but that thought originated when prices were about half of what they are today!
Here are the stats for the NSDCC detached-home market (La Jolla to Carlsbad):
|Oct 28, 2015|
|Feb 1, 2016|
|Mar 23, 2016|
|June 21, 2016|
|Aug 17, 2016|
|Dec 4, 2016|
|Apr 21, 2017|
Considering that we have record-high pricing in most areas, it is phenomenal to see so many pendings – and so few actives!
Actives Median Price = $2,350,000
Pendings Median Price = $1,299,000
Only 10% of the actives are under $1,000,000, and 35% are over $3,000,000!
Here are the Actives/Pendings ratios for each area. If you remove La Jolla and RSF, the A/P = 432/336, or 1.29 to 1!
The no-reserve auction of Matt Kemp’s house in Poway today was postponed until April 25th.
Why would you postpone for 5 days?
There has to be buyers. This company has been very successful in selling seven and $8-figure homes throughout the world, and they have grown exponentially. The auction process is a big hit, and it is the best solution for selling homes.
George guessed that it could be a failed auction before I saw it get postponed on the website. He’s looking very astute now….or is George an insider? 😆
The auction of Matt Kemp’s house in Poway is Thursday!
You can watch the auction live at 4:00pm Pacific Time on the Concierge Auctions mobile app, where you can also find their rules list. They will add a 10% buyer’s premium to the winning bid to determine the final sales price. If you didn’t know that and want to change your bid, feel free!
Kemp has $12,000,000 invested. The person with the closest guess will receive four tickets to a Padres game! Here are the guesses:
$4,200,000 – Rob
$4,735,000 – BAM
$5,325,000 – Amy
$5,700,000 – elbarcosr
$5,900,000 – Real Estate Rookie
$6,200,000 – Nick LB
$6,250,000 – Tom
$6,500,000 – LT
$6,519,000 – Matt V.
$6,900,000 – Daniel
$7,050,000 – Susie
$7,126.000 – Ed
$7,350,000 – Mark H.
$7,423,200 – Goughy
$7,875,000 – Kerry
$7,900,000 – kman
$8,000,000 – Name
$8,800,000 – Mike M.
$8,888,888.88 – JakeL
$9,100,000 – Lifeisradincarlsbad
$9,210,000 – CJ
$9,400,000 – Derek
$9,500,000 – Joe k
$9,600,000 – Mike Call
$9,750,000 – bode
$9,800,000 – Jenny
$10,000,200 – Janet
$10,527,000 – Eddie89
There is still time – leave your guess in the comment section below.
Here are more details on the house:
We lost a true guitar hero, J. Geils, on April 11th.
He mentions touring with the Stones in 1982 – were you one of the 100,000 who attended their show at the L.A. Coliseum? The band was rocking that day!
But he and the band had disputes later, and there aren’t many great live show on youtube with J. Geils in them – lately the band was playing without him. But this video has him talking about his guitars, and playing a little:
If you get a chance, watch the next video too about his Italian cars!