June, 2013 - bubbleinfo.com

Zillow On The Move

by Jim the Realtor | Jun 17, 2013 | Thinking of Buying? | 1 comment

Zillow has doubled their advertising budget, now up to $30 million. Their new ad, from the “Stop The Over-Analysis and Let’s Feel Good Again” department:

Inventory Watch – Steady

by Jim the Realtor | Jun 17, 2013 | Inventory | 0 comments

The last period had 77 new listings, and 69 new pendings – this period produced a 73:66 mix of new and pending listings. Of the 69, there were 20 that were on the market seven days or less (29%):

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	$387/sf	35	2,624sf
May 18	241	$397/sf	33	2,566sf
May 23	236	$397/sf	34	2,529sf
May 30	230	$391/sf	35	2,591sf
June 5	229	$393/sf	35	2,577sf
June 11	239	$390/sf	34	2,569sf
June 17	246	$389/sf	36	2,577sf

The OVER-$1,200,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	DOM	Avg SF
April 29	620	$806/sf	94	5,183sf
May 5	606	$806/sf	93	5,223sf
May 9	628	$808/sf	93	5,150sf
May 18	653	$807/sf	92	5,161sf
May 23	661	$814/sf	92	5,141sf
May 30	659	$805/sf	95	5,222sf
June 5	663	$794/sf	96	5,185sf
June 11	672	$779/sf	96	5,163sf
June 17	661	$787/sf	99	5,164sf

There has been more selection too. The number of NSDCC detached-homes listed between May 1 and June 11 was 12% higher than last year.

Risky But Undaunted

by Jim the Realtor | Jun 16, 2013 | Bubbleinfo TV, Flips | 4 comments

There are higher-end flippers – this one paid $940,000:

Father-Daughter

by Jim the Realtor | Jun 15, 2013 | About the author | 3 comments

Our big college-graduation weekend is underway.

In anticipation of what promises to be an electrifying training experience as KK prepares to take over the family enterprise, Ruby sent this along:

Aviara Townhouse For Sale

by Jim the Realtor | Jun 15, 2013 | Bubbleinfo TV | 1 comment

My listing in southwest Carlsbad is a good-looking value – you could spend 10% to 20% more in the same zip code and not get a townhouse with this many upgrades or be this close to so many benefits within walking distance:

Golf Flip

by Jim the Realtor | Jun 14, 2013 | Bubbleinfo TV, Del Mar, One-Story, View | 2 comments

You don’t see these too often, and well – you can guess what happened:

Former Model @ $217/sf

by Jim the Realtor | Jun 13, 2013 | Bubbleinfo TV, REOs for sale | 1 comment

There are still a few REOs left – this is another PennyMac deal that no one wanted for $878,000 at the trustee sale in March. Must be on the market for ten days before they entertain offers – buyers will be snoozing by then:

San Diego’s Distressed Market

by Jim the Realtor | Jun 13, 2013 | Foreclosure Count, Market Conditions | 1 comment

Thanks to daytrip for sending in this article about banks foreclosing on 11% more homes in May than in April:

http://www.usatoday.com/story/money/business/2013/06/13/foreclosure-home-price-inventory/2415831/

They haven’t got the memo yet in San Diego though – there was a 6.6% drop in new filings, month-over-month:

San Diego County Filings

How is the “distressed” market, compared to previous years?

Here are the number of listings of SD County attached and detached homes from Jan 1 to May 31:

Year	REO Listings	SS Listings	Reg Listings
2011	3,369	5,571	16,439
2012	2,309	4,629	14,734
2013	826	2,178	18,134

The REO listings are down 64%, and short-sale listings have dropped 53%, compared to last year. The banks are doing everything they can to keep people in their homes, so the “distressed” markets should quiet down further.