The education has begun. Here is Kayla’s first training video:
In the video I suggest a general rule-of-thumb for house valuations. Below is how they compare to the actual cost-per-sf averages over the last 90 days (and after a furious 12 months of frenzy where the median San Diego County sales price has gone up 24%):
| Town or Area | ||
| Carlsbad | ||
| Encinitas | ||
| Solana Bch | ||
| Del Mar | ||
| La Jolla | ||
| Carmel Vly | ||
| RSF |
Kayla is sporting the new Sony HX50 camera, which looks like a nice upgrade for bubbleinfo.com!
Good advice. The camera looks good, but get a gorilla tripod or learn how to create two points of contact holding it a strap and your elbows anchored to your body and you will get a more professional, stable look to the video! That’s my 2 cents, having now worked for a year or two with professional video people at the law firm!
Maybe you should had followed in George Foreman’s footateps and named all your children Jim; think about all the money you could had saved on stationary! (j/k)
I am loving this series of “training videos” from an experienced pro. Maybe a box set at the end and package it for realtors still wet being the ears?
“Trust your face!” – JtR
Love it, Jim! Looking forward to more “training videos”. Kayla couldn’t have a better mentor…
Thanks Susie!
It must be hot in potato land today? It’s 75 in Carlsbad.
JtR,
It’s been a while but I wanted to follow up on a post from exactly 2 years ago;
https://www.bubbleinfo.com/2011/07/18/should-home-sellers-wait/
In that post, under the name Mozart, I wrote that home prices in North County San Diego would be up at least 10% in 2 years time. I was mocked for this and other comments I wrote about how 2011 was the time to buy. My statements were primarily based on median incomes vs. median home prices being in balance.
June 2011
Resales = $502,500
Condos = $306,000
New = $462,250
June 2013
Resales = 608,750
Condos = $429,500
New = $661,500
Still a great blog and I look to it daily for a clear picture on the North County Coastal market as both a buyer and a seller.
Mozart!!
Nice call in the midst of a lot of negativity.
What do you think of my idea that banks have purposely quit foreclosing on deadbeats, allowing them to live for free and minimize foreclosures in order to prop up the market?
I think you are absolutely right but the scale of it is overstated to the point of blinding hype which creates a false hope for potential buyers. The banks run the game completely, always have, always will. They are very, very smart and patient despite the protests of the common man.
I also think we are now at a pivot point in the market with more supply, higher mortgage rates, and appreciation that cannot be sustained. I wouldn’t buy right now, wait for September/October and look for that OPT that’s been on the market 45 days.
But, start looking now and follow the data here. Best in NCCSD.
Thanks Mozart!
blinding hype which creates a false hope for potential buyers
Agreed, and the banks will likely manipulate every aspect of the market forever – look how well it has worked for them so far.
Jim, 75? Let’s all move to Carlsbad!
PS I decided not to sell the house! Love it (and the neighborhood) too much and couldn’t find anything on the market that came close to the quality.
Now back to the best RE blog on the planet…