The new Alta Del Mar neighborhood in Carmel Valley is providing some guidance for the rest of San Diego's North County Coastal region. There are 100+ people on the ADM lender-pre-approved list to pay $2,000,000 to $2,500,000 for semi-custom tract houses. Those on the...
Thanks to Stormin for sending in this post from Bill at CR: I think Professor Shiller has changed his view ... writing in the NY Times: Before Housing Bubbles, There Was Land Fever "With rates now relatively low, this could be an auspicious time to buy a house with...
Super-deluxe housing for your pet, plus other tidbits:
Will the frenzy continue? NSDCC sales have had an inverted relationship with the inventory. When plenty of homes are coming to market, buyers are picky and sales are slower. As inventory got tighter, sales increased. In particular, look at March, 2012 - it was the...
Excerpts from this article in bloomberg.com: Efforts to revamp U.S. immigration laws may bring at least one unintended benefit for the economy: The nascent housing recovery will probably get an added boost. The number of foreign-born homeowners will increase by 2.8...
Four new listings of canyon-front Carmel Valley tract houses have hit the market in the last week. They joined three other similar active listings nearby, creating a full selection for buyers. One agent commented that they have a canyon-front listing in Derby Hill...
In the previous post I mentioned that when I represent sellers, I give price coaching to agents during a bidding war. What is price coaching? It is giving hints about the competing bids. Let's use the Manzanita case for an example. Once a highest-and-best offer came...
We closed escrow on 7208 Manzanita today. This is the house where the owners had just paid $565,000 in September and began their remodel of its mostly original condition. Then job-perfect came calling, and off to the midwest they went. But not before completing all...
The new inventory has been fairly steady here in the middle of the prime selling season. Another 89 new listings since the last reading, and their list prices averaged $526/sf. We had 74 new pendings whose list prices averaged $357/sf, and their median DOM was 16 days...
Simple, easy living - what else do you need?
