Doomers have claimed that since rates went up, investors are fleeing the market. Thankfully Alejandro of the latimes.com looked into it a bit deeper to find that there are plenty of investors, but it's finding the deals that is the challenge - an excerpt: Now the...
Hat tip to DJ3 and JP for sending in this article by Nick on the slowing market - an excerpt: Buyers "want to lock something in before the rate gets away from them," said Brett Dickinson, a real-estate agent with Sotheby's International Realty in San Diego. To be...
So far we've had more listings this year than last - between September 1-10 there were 109 houses listed in 2012, and 140 in 2013: 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...
This house had an oddball floor plan, freeway noise, and a shifty agent (the list price changed a few times and he had his sign out for at least two weeks before MLS input) but the big yard and a higher-end look propelled it to $571/sf: This is an interesting area on...
Staging a home is a positive thing, and it provides two benefits. It makes the photos more inviting, which brings more visitors. Visitors are typically more impressed, due to the extra wow-factor, plus the fancy gear can mask imperfections like funky room size, color...
There's always something....
The impact of the short-sale fraud is becoming more obvious. It was at its worst in 2012, and though there has been some rebound this year, the short-sale average pricing is still well below the rest: NSDCC detached homes sold between June 1-to-August 31: Year REOs SS...
Distressed sales have dwindled down to a fraction of the NSDCC market, though they were never a large contributor. Here are the detached-home sales from the June 1-to-August 31 period: Year REOs SS Non-Distressed % Distressed 2009 48 35 572 13% 2010 46 69 575 17% 2011...
While logically there are many reasons to sell a house via the auction process, the biggest hurdle is the seller's paranoia about giving their house away. Auction.com has been trying to develop a retail presence, but they are a long ways from gaining any traction. Is...
The two big Pardee tracts in Carmel Valley haven't disrupted the resale market - instead, with deliveries being so far out, they have probably helped resales which have a more-immediate occupancy. Leucadia might be different - Shea is building enough new...
