The active listings of detached homes from La Jolla to Carlsbad: Date NSDCC Listings Avg. LP $$/sf Jan 14 649 $722/sf Feb 4 667 $716/sf Feb 10 679 $713/sf Feb 25 678 $719/sf March 6 727 $703/sf March 11 744 $698/sf The breakdown of those active listings is a tad...
Month: March 2013
Deadly Foreclosure
Larry Delassus, a 62-year-old disabled veteran, died in court last month while continuing a three-year battle against Wells Fargo for foreclosing on his Hermosa Beach home – a battle he had to fight even though court records show he paid his mortgage two months ahead...
View From Street Level
Rancho Penasquitos is a real sweet spot for mid-range homes these days:
How Much Higher?
Now that it appears the market has bottomed, we'll see claims of how much better we're doing. Take them with a grain of salt, because results may vary! In the low-to-mid-range areas, you can probably tack on another 5%-10% since the fourth quarter of 2012 as well:...
Real Estate and Facetime
I still utilize my video tours for out-of-town buyers so they can watch it few times to get acquainted, but I can also broadcast live with iphone's Facetime or the Tango apps so you can ask questions while seeing the property first-hand: P.S. This is my 1,400th...
Traditional Realtors And The 6%
Bloomberg has an article on the traditional real-estate-agent model, and the upstarts trying to change it. http://www.businessweek.com/articles/2013-03-07/why-redfin-zillow-and-trulia-havent-killed-off-real-estate-brokers#p1 Why has the traditional-agent model been so...
Cliffhanger
The downstairs room is off by itself (it was rented out separately by the previous owner), so this is feels more like a 1,500 sf one-level home:
“Nirvana For Housing”
A scarcity of homes for sale and record-low mortgage rates are setting up for a bullish real estate market, Zelman & Associates CEO Ivy Zelman said Thursday on CNBC. "I think we're in nirvana for housing," she said. "I think that I have to tell you, I'm probably...
Increased Velocity
Usually when the media reports an increase in the median price, they say that "prices are going up". But technically it only means that there were additional sales of more-expensive houses. NSDCC Feb. #Sales Median SP Median DOM 2011 166 $844,000 60 2012 184 $795,000...
Beat Farmers
Country Dick's ode to San Diego real estate!