The continued strength in sales and pricing is remarkable. We sold 360 houses between Carlsbad and La Jolla for more than $1,000,000 in the first quarter! Year Number of Sales Median SP Avg Cost Per SF Avg. DOM 2012 577 $793,000 $362/sf 99 2013 672 $850,000 $386/sf 61...
Will better access to Del Mar Mesa make a difference? I don't know if it will raise prices, but it should cause buyers to re-consider the benefit of exiting the I-5 freeway at the Carmel Mountain Rd. bypass and be home in 10 minutes, rather than fight traffic to...
Remember when principal reductions were resisted by banks and DeMarco? Now they are throwing money at people:...
This is another installment in my quest to change how homes are sold. In Australia, 98% of the homes are sold by auction. The guy who was the main auctioneer for Harcourts sold over 6,000 homes there by auction, and has since come to America. They are offering an...
Architects are taking rammed-earth home design far beyond the dirt-plain adobe look—creating walls that are almost sculptural in their complexity and scale. It took 300 tons of decomposed granite to build the 72-foot-long rammed-earth wall that forms the spine of...
While the glossy high-end production of these real estate 'films' is undoubtedly good for attracting new business, this isn't really a tour of the house - it's just a teaser just to whet your whistle:...
We need tent cities too! Hat tip to 'just some guy; for sending this in: http://www.mercurynews.com/business/ci_27860319/prefabricated-homes-provide-affordable-option-some-bay-area SUNNYVALE -- Two years of mounting rent increases pushed them out of their...
Fannie interviews 1,000 people every month, and then leaves it up to their ivory-tower guy to explain it to the masses. Here's my conclusion from my own personal survey: buyers are being cautious due to prices going up so fast....
Terry from Canada sent in this question: I’m just wondering with the ongoing drought in California, do you see the possibility that if the drought continues and California really does run out of water will there have to be a mass migration out of the state in the...
Mortgage rates on Friday dropped back to 3.62% (avg. jumbo was 3.57%!), which should help fuel the final Spring Kick of the selling season. The end of the school year is within sight, and there are lots of lookers. My listing on Monroe in Old Carlsbad was shown...
