Here are the statistics from North SD County's Coastal region (La Jolla to Carlsbad), comparing house sales closed between June 1st and August 31. In some areas, the summer of 2007 was just as hot as the previous year, but for the majority, the highest average...
The listing on Forest, a 1,516sf house built in 1946 and in original condition, gets mentioned in the video below. It was listed for $2,089,000 when it went pending, and here's its video tour: http://youtu.be/4Wh8yDkgXfU This new house is about 1/2 mile away from...
While we are dismantling all previous assumptions, let's throw out the one that says having six months' worth of inventory is normal. Why? There is no more normal. The market is much more efficient now. It's an errorneous signpost making people think that 6 months is...
This didn't turn out so well - this owner paid $2,000,000 in 2004, then sold it for $2.25M in 2006 and carried the second mortgage. He has since foreclosed, and now has it listed for $1,850,000:
Mortgage rates were up to 4.80%, but have now dropped to 4.25% to 4.50% following the non-taper. Downer Diana and one of these experts think lower rates will be short-lived, and the other thinks low rates are here to stay. Nobody ever mentions the real problem with...
It has be a wild, tumultuous year - how are the forecasts turning out? Everyone was a little light on their price predictions! California Association of Realtors: From October, 2012: CAR expects the 2013 median to rise 5.7%, to $335,000. This week's quote: C.A.R....
Here is a great combo, John Fogerty with those Mumford guys on backup - if this doesn't get your foot stomping then you need to hit the Geritol: The story behind this last-minute show that just occured on Saturday:...
These thoughts are one man's opinion, but he speaks on behalf of many:
Yesterday I spoke with a seller who was wondering whether to sell now, or wait until next spring to catch the more traditional selling season. I suggested the following thoughts and strategy: The velocity of rising prices should slow down, so let's consider next...
This is a good example of a new listing in a prime area where offerings have been thin, so the sellers and agent are going for it. They have a couple of comps: http://www.redfin.com/CA/Encinitas/125-4th-St-92024/home/4113360...
