Month: April 2010
Quieting Down
The original list price in October 2008 was $15,900,000, but they had lowered it all the way down to $11,900,000 towards the end of 2009, and marked it contingent. I guess the bank didn't like the package? Wells Fargo foreclosed last week, opening bid was...
Ocean View Premium
The Pressure is on Sellers
Surfer Steve wondered what we can expect in the post-housing-tax-credit environment. To qualify for the federal tax credit, transactions have to be secured by Friday, and to get the state cheese, buyers need to close their sale and apply before the money is gone -...
Squish-Up?
Let's keep a running tally of new pendings/contingents up to April 30th, to see if there is a last-minute surge to buy before the housing-tax-credit deadline. Detached listings: Listing Status All SD NSDCC ACT 6,610 1,396 PEND 3,901 425 CONT 2,557 157 SOLD, Last 30...
Bye-Bye Four Seasons
From the latimes.com: A long-running dispute over who would manage the Aviara resort in Carlsbad, Calif., has been settled, with Park Hyatt emerging as the new operator. By summer, it will no longer be known as Four Seasons Resort Aviara. Last year, real estate...
Tax Credit Homestretch
Guaranteed to Satisfy
More Substitution Effect
A report on the Rosarito Beach/Baja California market, from the latimes.com: There's the gigantic Residences at Playa Blanca, which advertises "24-hour gourmet dining" and a "world class spa" on banners next to the highway, but which remains frozen in construction,...
Crazy, Mixed-Up World
Rob Dawg left this on CR: This slow decline in the inventory is especially concerning with the large reported inventory and 8.0 months of supply in March - well above normal. - CR "Inventory" c.2010 is not inventory c.2007. There are so many new considerations I'm not...
