This video was shot in mid-April about a red-hot 2,724sf Carmel Valley listing, priced at $765,000. The agent had a ton of interest, and raised the price twice, first to $778,000 and then to $798,000, and he had three offers over $800,000 immediately. End result? The...
Year: 2009
FLW’s Ennis House
Bubbleinfo.com readers took kindly to Kwaping's idea that we include significant homes for sale, so here's another: From the L.A. Times: The Frank Lloyd Wright-designed Ennis House in Los Feliz has landed on the Multiple Listing Service at $15 million. The 1924...
Not Much News Yet
Media sources are hoping to get the jump on the foreclosure tsunami: http://www.latimes.com/business/la-fi-foreclosure4-2009jul04,0,5145254.story Sales of foreclosed houses soared last year as investors and first-time home buyers swarmed over what were considered...
Another Investor Special
This feels like a trip down memory lane - a new offering near the back gate in Oceanside:
Happy 75th Birthday Mom!
July 4th is my mother's 75th birthday - HAPPY BIRTHDAY MA! I'm sure she's proud today - from espn.com: http://sports.espn.go.com/mlb/photos?gameId=290703125 Friday night's Dodgers vs. Padres game, and the return of Manny Ramirez after serving a 50-game suspension for...
Buyer Representation
CA renter and I saw this new listing hit the market at about the same time yesterday, and had the same reaction - you gotta be kidding! http://www.sdlookup.com/MLS-090037885-3302_Azahar_Carlsbad_CA_92009 It's a 34-year old house with no upgrades on an 11,000sf lot in...
June’s Foreclosures Up 78%
from sddt.com: Foreclosures in San Diego County reached their highest monthly totals since September 2008, while notices of default spiked after two months of decline. June’s 3,715 notices of default were the second highest total for a single month on record. The...
Mortgage-Rate Check
An update on mortgage rates - they are staying in a tolerable range, so far. The 30-year fixed-rate mortgage averaged 5.32% for the week ended Thursday, down from last week's 5.42% average and 6.35% a year ago. Bank of America's 30-year jumbo fixed rate today was...
Fraud-Mania
On our regular blog watch is the Mortgage Fraud Blog: http://www.mortgagefraudblog.com/index.php/ She added this whopper on Beazer Homes settling for $10 million now, and up to $50 million eventually to compensate for these illegal activities: Beazer, and its...
2Q09 Contest Preview
On July 23rd we're going to determine the winner of the latest contest to guess the number of 2Q09 detached sales, but here's a preview. As of this morning, the MLS is reporting 5,683 detached closings for 2Q09, at $223.19/sf. There is typically about 10% more added...