One of our long-time contributors, Kingside, is featured prominently in this video. The 1br link.
Sunday Sampler
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Month: August 2010
Outlaw the Housing ATM!!!
$1,000,000+ Sales History
tj and the bear asked about the million-dollar-plus market history in North San Diego County Coastal: Year # of $1M+ sales Avg SF Avg $/SF Average SP SP/LP Avg Days on Mkt 1996 182 6,137 $303 $1,524,240 91% 233 1997 261 5,519 $360 $1,684,891 91% 151 1998 363 5,457...
Interview With Shiller
This interview with Robert Shiller is 20 minutes long, so here are some markers: 4:00 - He suggests more government intervention, particularly with regards to job creation. 14:00 - Housing forecasters are predicting that 'nothing's going to happen' over the next few...
Measuring the Stagnation
Will there be a big squishdown from above? It was noted yesterday that 35% of the active detached SD listings in SD, but only 20% of the sales in the last 30 days are over $700,000. Are the higher-end sellers who have been on the market for over 90 days motivated...
Sellers Are Too Optimistic
Hat tip to Cheese who sent this in, from Bard College: Self-reported home values are widely used as a measure of housing wealth by researchers; the accuracy of this measure, however, is an open empirical question, and requires some type of market assessment of the...
Take Your Shot
An example of a buyer who took a lowball shot at a listing that had some tell-tale signs: 1. A number of other active listings nearby that weren't selling, 2. Out-of-town REO listing agent, 3. A World Savings/Wachovia/Wells Fargo original loan amount of $687,000,...
Top-Heavy-And-Loitering Market
It was suggested that the market over $750,000 was "becoming non-existant", and in yesterday's seminar, a realtor said that demand in general was "non-existant". Does a market exist? Let's look at MLS detached active, actives on market more than 90 days, contingents...
New-Home Sales over $750,000
The mainstream media has really been loading up and blasting the negativity this week, since the housing stats came out. The people they interview get caught up in the hoopla too, and the more negative you are, the more you'll see yourself on TV! I went to a seminar...
City Of Del Mar’s View Lot
The list price in the MLS is $5,000,000, but it's going to auction on September 29th. The city has the right to reject the final price, and they need at least $3,000,000 to pay off the park debt. In the remarks: LAST OPPORTUNITY LIKE THIS IS DEL MAR EVER! "The City...
