With inventory scarce and buyers aplenty, there really shouldn't be any reason a house doesn't sell these days. Yet, they're not all selling. In 2009 and 2010, buyers couldn't go wrong - all you needed was guts. But as our market hits a maturing stage, the risks are...
Month: January 2016
GSDAR vs. Sandicor
Every association of realtors has a board of directors made up of volunteers - a handful of agents who, out of the goodness in their heart, feel like giving back to the community. Nobody is out to change the world, so you never hear much about them. But something went...
NSDCC Annual Sales/MSP
The 2015 annual sales and median SPs looked pretty good - we know that declining sales are the precursor of a downturn, but only Carmel Valley has a noticeable drop. There are more new homes for sale than ever in Carmel Valley, and those aren't all reported as closed...
David Bowie, R.I.P.
San Diego Is Hot
Zillow came out with their Hottest Housing Markets of 2016, and San Diego didn't make the list: http://www.zillow.com/blog/hottest-markets-2016-190331/ They based their 'hotness' on a combination of employment, recent income growth, and the expected increase in the...
Telluride
Architect Bill Poss, together with the current owner, designed this home in Telluride, Colorado, that is located above a cliff on a private peninsula, with amazing views of the surrounding mountains. Listed for sale at $32,500,000.
Price Increases to Slow
A forecast of 2% to 3% price appreciation for SD in 2016. From HW: http://www.housingwire.com/articles/35996-is-the-west-coast-about-to-finally-witness-a-slowdown An excerpt: “The West, which has largely outpaced the rest of the nation in terms of growth in the last...
Zillow Haters
Since my Sandicor vs. Zillow post on Wednesday, I've had a few conversations with agents around town - including the guy who is the chair of the Sandicor committee charged with handling the negotiations with Zillow. Every opinion was similar to this comment left over...
Inventory Watch
Buyers are just as optimistic as sellers about the new year. The 'picky' factor is hiked up a notch, with buyers figuring it's early in the season, and hopefully this will be the year that the inventory busts loose. At an open house yesterday, the agent on duty (not...
San Diego Downtown Condo Market
From the wsj.com - hat tip to my Uncle Bob for the article! http://www.wsj.com/articles/san-diegos-downtown-gets-the-big-city-treatment-1452178518 An excerpt: A 41-story luxury condo building is on the rise. Boasting a screening room, a swimming pool and a boat-share...