The open house extravanganza concluded today with a monster turnout - at least 110 people attended, including 18 realtors who were showing their clients - we're up to eight offers, all of which are over list price. Here we are discussing this house, and the market in...
Today's open house on Manzanita was a success, with dozens attending and three offers in hand. Here is commentary on the general insanity:
On February 10th, I guessed that by mid-March, enough new listings would be pouring into the MLS that a glut might be forming, and we would be up to five months' worth of inventory. Date NSDCC Listings Avg. LP $$/sf Jan 14 649 $722/sf Feb 4 667 $716/sf Feb 10 679...
Let's keep track of the activity since the new listing hit the MLS at 9am today:
A video tour of my new listing at 7208 Manzanita, in SW Carlsbad - open this Saturday and Sunday 11am-4pm! The owners had just started on the kitchen when job charming came along, and it was too good of an opportunity to pass up - so they are transferring...
Housing inventory is now at its lowest level since January 1994; home sales have exceeded listings for the past 25 months; and the upward trajectory in home prices starting at the end of last year continues, according to the latest “US Housing Market Monthly” from...
Southern California experienced continued strong growth in home prices and sales last month as buyers shifted toward ritzier abodes in coastal markets. The median price in the six-county Southland rose nearly 21% from February 2012, real estate information provider...
The sharp drop in homes for sale poses a tough choice for buyers: Jump in now and compete with hordes of others or wait until inventory improves. If you buy now, you might have to pay above asking. But if you wait, you could end up paying an even higher price and a...
How do you handle paying for a big remodel? In this case, the buyers bought the home with FHA financing and used their cash for the remodel, which included all new plumbing and electrical too: In the end, you get a new house with huge yard and no fees! Here are the...
For those who were thinking of sauntering in to this new development later this year to buy a house, it doesn't look good. Those on the waiting list won't be peeling off to buy similarly-priced resales around Carmel Valley, because there is no comparison:
