Our New Listing In Avaron!

by | Mar 19, 2025 | Bubbleinfo TV, Jim's Listings and Sales, Why You Should List With Jim | 0 comments

Check out our new listing in Avaron (The Crosby-ish!)

15608 Rising River Pl. N, San Diego 92127

5 br/4.5 ba + office, 4,553sf

Lot size = 18,495sf (0.43-acre)

LP = $3,450,000

Open house Saturday March 22nd 12-2pm

Are you looking for an entertainer’s paradise, inside and out? This premier semi-custom estate on a quiet culdesac features 5 bedrooms (including a large en-suite downstairs perfect for MULTI-GEN) with 4.5 baths plus a detached casita for office or yoga retreat! Upgrades include plaster-wall treatments, hardwoods, classy quartzite kitchen counters, 48″ Sub-Zero, two Miele dishwashers, and huge walk-in pantry! Given its expansive lot size, there’s plenty of room for outdoor activities, and the layout is well-suited for hosting gatherings or enjoying some peaceful time outdoors. Award-winning schools are right around the corner too, highlighted by Del Sur Elementary, Design39, and Del Norte HS High School. Located in guard-gated Avaron, a community of 59 homes built in 2006 by renowned builder Standard Pacific. At $757/sf, it one of the best buys behind a gate in the whole 92127!

More Stale Listings

by | Mar 19, 2025 | 2025, Spring Kick, Stale Factor | 0 comments

Will there be a point when the unsolds start affecting the buyer enthusiasm? Will the unsolds impact the ability of the hot new listings to fetch top dollar? Or will all listings be affected, like in the photo above?

NSDCC Active Listings

Buyers are finding it easier to forget all about the unsolds, and they won’t be coming back to lowball them later….at least not until the end of the year.

Will sellers lower their price? Today, sellers are thinking, “Hey, it’s only March, it will get better, later!”

At this rate, the percentage of stale listings will be into the 80s by the end of the month.

Everyone is waiting for “the market to pick up”, but it might be a long wait – longer than usual, and it might not happen at all.

Go all in – try to sell in the first two weeks when urgency is there!

Which sellers might have more luck getting lucky later?

  • Newer one-story homes
  • One-story homes
  • Newer homes

If you have an older 1970s or 1980s two-story tract house to sell, then your chances of selling are lower, and you might have to ‘give it away’ – unless you go heavy on the recent improvements!

Flipper Mania

by | Mar 18, 2025 | Flips, Why You Should List With Jim | 0 comments

Agents get solicited 3-10 times a day by flippers who promise to pay cash for our fixer listings and pay us 3x commissions for the favor.

But they all want a 30% discount.

This new company has advertised a lot of TV so you’ve probably seen Dr. Phil offering to pay cash for your house – no commissions, no repairs, no showings, etc. They will even clean your house out, no charge!

But look how it has eroded already. They used to send emails to local agents to flip their recently-purchased properties to their buyers, but now they are just ‘wholesaling’.

Apparently they have taken advantage of an agent here who got her license in 1976 and convinced her to sell this home built in 1975 that backs to the I-5 freeway for enough under the list price that they think they can plug in a buyer to take their place and make a buyer-side commission on the deal.

What happened to them buying properties for cash?

Why are they sending this email to agents to find buyers that they can represent?

Seller beware!

The flippers provide a floor for the market, and it is very competitive between them. You may only have to discount a hot property by 20%, but it would be better to have me sell it for retail or retail-plus!

Opening Bids

by | Mar 18, 2025 | Auctions, Bidding Wars | 0 comments

Although the auction format is a terrific way to sell homes, they haven’t caught on around here much. It’s more work (for the agent); they’re risky; they might backfire on you; and just the general unfamiliarity with the concept keeps them from happening much locally.

But in the one area where agents deliberately low-price homes and let the animal spirits take over is still booming. It’s probably not an accident that it’s still the most-expensive area in the country:

(more…)

NSDCC List Pricing by Quartile

by | Mar 18, 2025 | 2025, Jim's Take on the Market, Market Conditions | 0 comments

Generally speaking, each of the 2025 quartiles is lower today than they were last year, and the median list price is down to $4,000,000 – which is 11% lower than it was at the start of the year.

It’s because the lower end has been cooking, and the higher-end not so much.

There have been 309 homes sell or go pending since January 1st that were priced under $4,000,000, and only 69 homes priced above $4,000,000 have found a buyer.

Who cares – find the right house for you, and make the best deal you can.

NSDCC Number of Active Listings by Price Range

0 – $2,000,000: 52

$2,000,000 – $4,000,000: 156

$4,000,000 – $6,000,000: 87

$6,000,000 – $8,000,000: 39

$8,000,000 – $10,000,000: 24

$10,000,000 and up: 58

This is an area (La Jolla to Carlsbad) where the median sales price in 2024 was $2,400,000.

Get Good Help!

Negotiable?

by | Mar 17, 2025 | Realtor, Realtor Post-Frenzy Playbook, Why You Should List With Jim | 1 comment

One year after the National Association of Realtors agreed, as part of a legal settlement, to change a key rule on real estate commissions — a rule that had long upheld a tradition of commissions between 5 and 6 percent, little has changed.

What was hailed as a watershed has so far produced a mere drizzle.

Some economists predicted the rule change would upend the business model and bring competition to a long-stilted marketplace, breaking the standard 6 percent rate — one of the highest rates in the world — and forcing down home prices as a result.

Though average commissions appear to be slipping, industry watchdogs say that Realtors and their brokerages have used workarounds and pressure on sellers like Mr. Chambers to subvert the settlement. So far, they’re finding success.

“The industry understood the threat to 5 or 6 percent rates right away, so looked for opportunities to discourage negotiation,” said Stephen Brobeck, a senior fellow at the Washington, D.C.-based Consumer Policy Center, who has been vocal about the need for greater consumer awareness in the real estate industry.

Read full article here:

Link to article

Inventory Watch

by | Mar 17, 2025 | Inventory | 3 comments

The climb in the number of active listings between La Jolla and Carlsbad took a break and only rose by two. Here’s how the actives and pendings compare to the last two years in mid-March:

NSDCC Actives and Pendings, Mid-March

The 25% YoY increase in the number of actives doesn’t seem to bother the buyers!

All that matters is what will the sellers do who are left out of the party? Will they bang the door down with a big price reduction?

Or pack it up and wait for the market to ‘pick up’?

(more…)

Pin It on Pinterest