The active listings of detached homes from La Jolla to Carlsbad: Date NSDCC Actives Avg. LP-per-sf Jan 14 649 $722/sf Feb 4 667 $716/sf Feb 10 679 $713/sf Feb 25 678 $719/sf There have been 179 new listings, and 176 new pendings since February 10th (not counting...
There is not housing bubble. But of course you could be excused for thinking that there is, if you live in Southern California. The real estate market here is distorted, with supply and demand out of whack. The Great Recession meant that we didn't build any houses for...
We have a winner for the RSF Bank-Deal contest! LP = $850,900 SP = $980,000 Congratulations to James D, who guessed $982,000! James won 4 field-level tickets to a Padres game! https://www.bubbleinfo.com/2013/01/29/rsf-bank-deal-contest/...
Many of the ivory-tower types are hoping to make sense of the now nationwide housing-inventory shortage, and predict the next tsunami. http://www.businessinsider.com/us-housing-inventory-shortage-2013-2 The housing inventory is at, or below, where it was in 2003-2005,...
An assortment of clips from around town:
Fewer houses are coming on the market, and sales are rising! North NSDCC (Cardiff, Carlsbad, and Encinitas) Jan 1 - Feb 20: Year New Listings Closings 2010 183 117 2011 168 142 2012 151 151 2013 131 153 More sales than new listings?? Will higher prices lure more...
These are among the oldest houses in Carmel Valley, but at least they are relatively cheap. This listed on January 16th on the range $709,000-$749,000, and closed yesterday for $759,000 FHA: It sold for $295,000 in 1994, then $387,000 in 1998, and $819,000 in 2005.
U.S. home prices rose again in January. We're witnessing the fastest pace of price growth since July 2006, which was during the housing bubble. From Zillow: Zillow’s January Real Estate Market Reports, released today, show that national home values rose 0.7% from...
How are the local public high schools faring? Ratings from www.greatschools.org High School 2012 API Growth GS Rating #Students Canyon Crest 917 9 1,811 Torrey Pines 888 8 2,629 Westview 872 8 2,366 San Marcos 858 9 2,035 La Jolla 854 8 1,591 San Dieguito 852 7 1,540...
A typical mcmansion foreclosure in southeast Carlsbad. There are three pending sales listed over $1.1 million, including the house next door:
