An example of a recent bidding war, won by JtR's buyer. Sales in the neighborhood have averaged $398/sf over the last six months, and his was bought at $362/sf, so it felt like a decent deal at the time. We liked this one a lot because it was a larger one-story with...
San Diego's Case-Shiller Index for January, 2014 had the highest increase in the nation for seasonally-adjusted, month-over-month readings. Our seasonally-adjusted index went up 1.8% between December and January! Of course, having one of the warmest winters on record...
Buyers are grabbing up everything in sight - what do you do? Be patient, commit to a price point, subtract up to $100,000 for repairs/improvements, know what/where you are willing to compromise, and buy the next good one! It's only sticks and stucco, you're the one...
Excerpts from this article in the latimes.com: http://www.latimes.com/business/la-fi-chinese-homebuyers-20140324,0,2832012,full.story#axzz2wnzTJbz1 The overflow from China's economic high tide is transforming the housing markets of suburban Los Angeles. Affluent...
You know the Under-$800,000 market is red hot when you see the Avg DOM in the low-30s. But average list-pricing isn't going up - sellers might be leaving a little money on the table. Get good help! North SD County's Coastal Region (La Jolla-to-Carlsbad) The...
In the comment section of the previous post we were talking about how our government insists on pushing moral hazards upon us. But some aren't that concerned - at least not around Carmel Valley:
Yesterday reader SBT asked, I’m not in the real estate industry so maybe I’m missing something but does the fact that the ppsf is the same as ’05-’07 mean we are in a mini bubble?? Everything seems too expensive right now? thoughts? If it were a bubble, it would need...
It was noted in the media this week that February homes sales were the at the lowest count in 18 months - yes, a frenzy will do that to you! http://www.cnbc.com/id/101511116 Sales are going to be 'sputtery', and struggle to keep up with previous frenzied months when...
Realtor.com already slid down to the #3 real estate website, and was in danger of becoming completely irrelevant. Then Zillow poaches realtor.com's president and executive vice president, and less than two weeks later, Move/realtor.com sued Zillow over trade secrets....
You've decided to sell the house. How do you get top dollar? 1. Don't tell anyone yet. To create maximum urgency - which puts the most pressure on buyers - you want to surprise them with your new listing. Any 'pre-marketing' of the home diminishes your chances of...
