Purchased by actor Matthew Perry, star of “Friends” in August 2011 for $8.5 million, this 3 bed, 4 bath, 4,000 sq. ft. custom home is a sleek work of art that could be viewed as the ultimate entertainment compound for a lavish Hollywood lifestyle.
http://www.whipplerussell.com/architecture/hopen-place
Full tour, video version:
Think the real estate market needs something to stay awake during December? How about the lowest jumbo rates ever!
How would you like to live in a tree? Hat tip daytrip:
Here’s a new service for those within the San Diego city limits – you can check for permits/complaints/violations online:
http://www.sandiego.gov/development-services/opendsd/
The scope of the data published exceeds that of any other city. The breadth of the release is intended to cover land development permit application, issuance, inspection, and completion. A variety of information including timelines, scope, decisions, and costs will all be provided online. In addition, Code Enforcement case activity is also provided. This data includes permit information dating back to 2003 as well as code enforcement cases since 2011. Personal identifying information such as phone numbers about individuals doing business with the City is not provided.
The convention is complete, NewsCorp has purchased Move Inc./realtor.com, and we have a new president! Chris has been on the Board of Directors since 2002, participated on several national committees, and is still an active agent too. He’s been waiting and planning for this moment for years – here are the goals for his presidency:
We’ve doubled the number of negative readings of the local Case-Shiller Index, and they are picking up steam!
But seriously, any monthly change of less than 1% just means prices are stagnant, and in San Diego it’s been like that since the April reading. If prices were flat during the prime selling season, we’re probably fortunate that they’ve held up this long.
Economist Robert Shiller told CNBC’s “Squawk on the Street” the reading was not exciting, and he noted that the winter season is historically slow for home sales. ”We haven’t expected exciting growth for a while, but it does look like seasonally adjusted home prices are still growing,” he said.
These are the Case-Shiller Index NSA changes below for San Diego:
| Month | ||
| Jan ’13 | ||
| Feb ’13 | ||
| March ’13 | ||
| April ’13 | ||
| May ’13 | ||
| June ’13 | ||
| July ’13 | ||
| August ’13 | ||
| September ’13 | ||
| October ’13 | ||
| November ’13 | ||
| December ’13 | ||
| January ’14 | ||
| February ’14 | ||
| March ’14 | ||
| April ’14 | ||
| May ’14 | ||
| June ’14 | ||
| July ’14 | ||
| August ’14 | ||
| September ’14 |
Richard Morgan is a vital part of Klinge Realty, and has been since 2009. He is featured in the December edition of Executive Agent Magazine:
Hat tip to daytrip for sending in this latimes.com article about the surge of high-end home sales across the Southland:
http://www.latimes.com/
An excerpt:
Luxury home sales in Southern California are hitting levels not seen in decades. The number of homes bought for $2 million or more in recent months is the highest on record. Sales worth $10 million or more are on pace this year to double their number from the heights of the housing bubble.
“It’s pretty mind-blowing, to be honest,” said Cindy Ambuehl, an agent with the Partners Trust in Brentwood. “The luxury market has been completely on fire.”
Low interest rates, a strong stock market and waves of cash sloshing in from overseas are boosting demand for high-dollar homes. A record 1,436 homes worth $2 million or more were sold in the six-county Southland in the second quarter, according to CoreLogic DataQuick.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
How are we doing locally? It’s worth noting that the supply of higher-end homes has been surging too (assuming the ‘refreshing’ of listings has been fairly constant over the years).
Below you can see how the market has been shifting upward:
NSDCC Detached Homes Listed/Sold By Price Range
| Year | ||||
| 2011 New Listings/Solds | ||||
| 2012 New Listings/Solds | ||||
| 2013 New Listings/Solds | ||||
| 2014 New Listings/Solds |
These are 12-month stats so you need to extrapolate to compare 2014 accurately (add about 10% to these current counts). You can see how the Under-$1M folks have been left shaking their head – they have about a third fewer homes to consider since 2011!
This is the 52nd week of logging the inventory under this format, so you can reflect back to a year ago and compare how we’re doing. Today’s numbers are similar to 2013 – here is a summary of the late-November comparison:
| Nov 2013/2014 | ||||
| UNDER-$800,000 | ||||
| $800,000-$1.4M | ||||
| $1.4M – $2.4M | ||||
| OVER-$2.4M |
At least those who haven’t bought yet can say they didn’t lose any ground in 2014. Expect their resolve to stand firm in 2015.
The UNDER-$800,000 Market:
| Date | ||||
| November 25 | ||||
| December 2 | ||||
| December 9 | ||||
| December 16 | ||||
| December 23 | ||||
| December 30 | ||||
| January 6 | ||||
| January 13 | ||||
| January 20 | ||||
| January 27 | ||||
| February 3 | ||||
| February 10 | ||||
| February 17 | ||||
| February 24 | ||||
| March 3 | ||||
| March 10 | ||||
| March 17 | ||||
| March 24 | ||||
| March 31 | ||||
| April 7 | ||||
| April 14 | ||||
| April 21 | ||||
| April 28 | ||||
| May 5 | ||||
| May 12 | ||||
| May 19 | ||||
| May 26 | ||||
| Jun 2 | ||||
| Jun 9 | ||||
| Jun 16 | ||||
| Jun 23 | ||||
| Jun 30 | ||||
| Jul 7 | ||||
| Jul 14 | ||||
| Jul 21 | ||||
| Jul 28 | ||||
| Aug 4 | ||||
| Aug 11 | ||||
| Aug 25 | ||||
| Sep 1 | ||||
| Sep 8 | ||||
| Sep 15 | ||||
| Sep 22 | ||||
| Sep 29 | ||||
| Oct 6 | ||||
| Oct 13 | ||||
| Oct 20 | ||||
| Oct 27 | ||||
| Nov 3 | ||||
| Nov 10 | ||||
| Nov 17 | ||||
| Nov 24 |
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
