We’ve seen how our local market has been split, with the lower end being red hot, and the upper price range is, well, not hot. In talking to RSF agents yesterday, we agreed that the recent frenzy has yet to visit the Ranch.
Here are NSDCC active listings compared to those marked pending in the last 60 days (some of which have already sold).
| List Prices | ||||
| Under $1.4M | ||||
| Over $1.4M |
66% of the active listings are OVER $1,400,000, and 67% of the pendings are UNDER $1,400,000!
Statistically, the Under-$1.4 group looks very healthy, with almost 1:1 ratio of actives-to-pendings and only a 4% list-pricing gap between those pendings and not.
But the Over-$1.4 group is a mess, with almost 4x as many actives as pendings, and a 22% list-pricing gap between the actives and pendings!
They’re not going to give it away!
hey jim had a quick question.
Do you think its easier to sell a vacant house than one that is occupied by tenants? thx
Absolutely and for more money too.
When agents see ‘tenant-occupied’ in the MLS, they click to the next listing immediately unless the price is very attractive. Not only do tenants make it hard to see the house, but they also don’t clean up and talk smack about house and sellers.
Vacant houses scream easy and motivated.
Realtors deserve a lot of the blame for tenants not cooperating because their rights aren’t respected.
Agents just run their buyers right over there without proper notice and wear out their welcome quickly.
thx a million for the advice. I thought there could be some issues with tenants involved.
for anybody out there are granite countertops best left for the professionals or does a DIY dare try to tackle the job?
I have to imagine there are companies that specifically specialize in cutting the granite which seems to be where the thinking comes in.
Granite trend is on its way out so slab only not tile. Get the best diamond blade you can find and practice. Hopefully with a slab you only need a few cuts.
I’ve heard granite is on its way out for what seems like 3 or 4 years now. I wouldn’t mind that trend, but for the life of me I cannot figure out what comes next. Other materials are touted from time to time, but all seem to have serious drawbacks that granite doesn’t have.
When the condo we rented was put up for sale we told the listing agent….”no sign, no lockbox, weekend showings only.”
needless to say, the agent blew a fuse. I didn’t give a damn because my wife was at home with the kids and the last thing she needed was a caravan of strangers traipsing through the house at any given time.
So yes, an empty house makes for an easier sell.
Designers / Decorators in our area seem to be focusing on using quartz or marble, but still a lot of homeowners choosing granite. Was at both Daltile and Arizona Tile over the weekend and those places were packed with people choosing granite slabs.
I never followed RSF during the last run up, but have been watching it the last 2 years and they still seem far from the last peak while most other high end SFR areas around San Diego have rebounded very well. Would love to have the large lot/sqft and believe it’s the best area to still find a great deal after enough lowball offers, but all our friends
and activities are in a different part of town.
La jolla is just ridiculous right now and I’m sure many other parts of town feel that way. I just saw 338 Belvedere which is a 3/3 2400sf SFR on 6600sf lot with no view sell for $2.8 million. Beautifully appointed/decorated, but avg size home,
lot, and lack of view. Seems crazy but what do I know?
It may be a little lower-end, but we have a quartz/corian manufactured solid product in slab form. It looka great. No sealing, no scratches no fuss. I’ve had tile (which is horrendous for cleaning and cracks) and granite and I’d pick this again, no doubt.