This is right down the street from the flipper who made $850,000 gross profit when he sold his duplex for $1,825,000 cash, so others nearby figure that it means something, and are hoping to get in on the action. This doesn't really pencil as an investment property,...
An update on the Actives/Pendings report - does anyone remember when it was called the Jim Ratio? One day fellow realtor Peter B. agreed with me that a 2:1 ratio of active listings to pendings were a normal market, and boom, the Jim Ratio was born. The...
The inventory around Carmel Valley has evaporated the last few months:
An excerpt from the in-depth VOSD article about One Paseo in CV: Depending on who you talk to, the proposed One Paseo development is either the culmination of a 30-year vision or a total contradiction of current land use policy. The 23-acre parcel in question is...
There are more houses that aren't selling, than those that are. In a frenzied marketplace, how do you know which are the good buys? It's easy - the babbling listing agents will tell you. I always contact the listing agent and ask, "How many offers are in?". Their...
It's early, but at this price this should be the deal of the year - though it should get bid up substantially:
The new listings of detached homes around NSDCC are only 2% behind last year's count (for the period between January 1st and February 7th), but that hasn't stopped sellers' optimism - this year's average list price is 9% higher than in 2012: Year # of New Listings...
We are going to hear the word "bubble" applied to the real estate environment for years - and maybe forever. At this link is CNBC's Downer Diana cracking on the market, and on the other side, this developer expresses why he thinks we're not in bubble danger: Watch the...
When selling your home, the formula for achieving a top-dollar sale is to hire a sharp, experienced realtor to help present a clean, attractive home listed with marketable price. Once you have that down, and are looking for other minor ways to gain an edge, consider...
Last night was College Information Night - here's what we learned: California's college system was designed to offer a multi-tiered program. UC Schools The ten UC schools educate the top 10% of California's high school graduates. Incoming freshmen at UCSD averaged a...
