The topic of disintermediation coming to the real estate industry has been bandied about for years, with no one obvious solution. This author brings it up again, whining about the usual complaints: http://techcrunch.com/2013/08/04/who-will-disrupt-real-estate/ What...
We've reached the highest inventory counts of the summer - which means sellers aren't adjusting their price fast enough to meet current demand: 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...
It is still very active in Carmel Valley (67 new listings and 50 new pendings in the last 30 days), but there are houses not selling. Here is an example of one that's asking $1,000,000+ for 2,556sf that backs to Carmel Mountain Rd:
A rational review of the real estate market today - San Diego gets mentioned at the 4-minute mark as an area that has expensive housing, but at 20x rents doesn't seem out-of-line:
The primo real estate around Carmel Valley has been cooking. I counted 12 active listings, and eight pendings of canyon-front homes currently, plus the closed sales since April 1st are almost double last year's total - with average pricing nearly 20% higher too: This...
At first, it seemed that jumbo mortgage rates just hadn't adjusted yet. But now a month later, jumbo rates are still better than conforming rates. Here are today's rates taken from their websites (BofA just has a phone number now): Bank Conforming Rate APR Jumbo Rate...
What was the other car that Agent 86 drove?
This market snapshot comes from the #1 CB agent in the OC: In talking with realtors, mortgage brokers, escrow agents, and title reps, from all areas, I ask, what are you currently experiencing in your market? The overall theme supports a significant slow down over the...
It sounds incredible - even though average pricing is 20% HIGHER now than this time a year ago, there were 4% MORE sales between June 1 and July 22 (mortgage rates were about the same in both periods): NSDCC Detached Sales, June 1 - July 22 Year # of Sales Avg. $/sf...
