Up on the hill in one of my favorite parts of La Costa. But they are hoping for a buyer so desperate for a single-level that they will pay full retail for a virtually all-original house:
Bend on that Baby
read more
Month: May 2013
Faster and Higher
Realtors including myself say that we have "low inventory", but it's not because fewer sellers are listing - it's because the heavy demand is gobbling them up faster, and at higher prices: NSDCC Listings and Sales between Jan 1 and May 15 Year Total Listings Sales Avg...
Contest Winner James
James D., winner of the last contest, sent this photo in from the game last night where he got to enjoy a 4-2 Padres victory while sitting among the usual throng of Cardinal fans - though not as many as he expected! Click on image for full panorama view:
Million-Dollar Tract House
We are approaching the previous-peak pricing in most areas, and you know it's hopping when standard tract houses in Carlsbad with few upgrades are listing for $1,000,000. This house sold new for $1,004,500 in 2005, and for $1,180,000 in 2007 and that sale was 95%...
More Foreclosure Delays
Another fishy can-kicking device being employed here - hat tip to SD Squatter for sending this in from the latimes.com: Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised...
More on Prop 13
From Richard Rider, a local pot-stirrer - HT to DOB: When it comes to gathering sufficient property taxes, Prop 13 is no problem at all – except for profligate spenders. Look at the history of my San Diego County – a history which pretty much reflects the history of...
PB Build-Around
Another landlord who figures it might be a good time to hit the jackpot while in between tenants:
Inventory Watch – Growth
The intensity of the frenzy is determined by inventory - which grew this week, signaling some slow down in the market: The UNDER-$1,200,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF April 29 201 $384/sf 36 2,599sf May 5 195 $381/sf 36 2,633sf May 9 207...
“Nattily Dressed”
The UT has a story about the former owner, link here:
Short-Sale Fraud by Realtors
These are the short-sale scams mentioned in yesterday's comments that deserve their own post as a resource for people to use to protect themselves. If you have seen other tricks, include them in the comments so we stay aware! The most common packages: 1. The listing...
