Are the govies carrying the market? Here's how detached-home buyers have financed their purchase over the last 30 days: Fin. Type SD County Percent NSDCC Percent Conv 702 46% 135 67% Cash 278 18% 49 24% FHA 386 26% 15 8% VA 145 10% 3 1% Total 1,511 100% 202 100% San...
Year: 2010
Cancellations are Cooking
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,...