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.
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:
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
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:
$1.4M – $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.
"I cannot believe there are no reviews of Donna yet, ugh!! She is the secret sauce of the Jim Klinge/Donna Klinge combo! I will touch on Jim here, but Donna is why I'm so totally loyal to these two (no offense to Jim :)).
I consider myself a rather savvy buyer/seller. I've bought/sold 7 times in more "
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