While this looks like an attractive price on paper, the buyer pool will thin out once they see the floor plan, and the amount of work needed:
RSF Mosh Pit
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Month: February 2013
Not Foreclosing Update
Wouldn't it make sense for banks to be unloading REOs when all we see are bidding wars everywhere? Initially we thought that the drop-off in foreclosures was because banks were pushing people to short sale instead. With this being the last year of debt-tax exemptions,...
More Mixed-Use?
CARLSBAD — Caruso Affiliated, a Los Angeles-based commercial developer known for The Grove in LA and The Americana at Brand in Glendale, is developing plans for a 48-acre project it is buying from SDG&E. The California Public Utilities Commission notified the...
Transfer
The San Diego-based band 'Transfer' is preparing for their next tour of Europe, which begins on March 10th in Belfast: LINK to Website
Feeding Frenzy
Here's an example of what happens when three houses hit the market about the same time in Rancho Penasquitos, and the flurry of activity that ensued:
Not That Impressive Statistically
NSDCC detached-home sales between January 1 and February 15: Year #Sales Avg SF Avg $$/SF Median SP Median DOM 2010 198 3,121 $378/sf $836,250 41 2011 229 2,994 $379/sf $850,000 64 2012 239 2,970 $362/sf $764,000 63 2013 271 3,138 $383/sf $875,000 36 Except for the...
San Diego’s Future Development
A lack of available land is seen changing all forms of commercial development in San Diego County, according to experts at a recent real estate meeting. “The Otay Ranch projects are the last of a breed of masterplanned communities," said Gary London, president of...
$510,000 Over List
The view deal on Muirlands already closed, after a 7-day escrow: LP = $1,250,000 SP = $1,760,000 They had 36 offers. Select your listing agent carefully!
SD Case-Shiller +9.2% Y-O-Y
The San Diego Case-Shiller Index rose 9.2% year-over-year. While a 9.2% increase in home prices would have been shocking a year ago, we have come to expect it today. The month-over-month increase was 1.07%, which should be about what we see for the rest of 2013. If...
Mid-Range Market Frenzy
Carmel Valley and Carlsbad are the best two areas for sampling the general market conditions. They are both known for their tract homes, which offer the convenience of newer features and lower maintenance/repairs. They also tend to be relatively affordable, compared...
