Month: February 2016
Longer-Than-Usual Boom?
Could a booming real estate market continue longer than expected? The historical norm has been a ten-year pattern - five years up, and five years down. But we've never had the government-sponsored artificial market benders like ultra-low rates and a no-foreclosure...
San Diego Tiered 2015 Pricing
The San Diego Case-Shiller Index showed 7.2% appreciation for 2015, but can we break that down further? The Zillow version (assuming these are more accurate than their zestimates!): Zillow ranked ZIP codes based on their median home value in January 2015, and grouped...
San Diego Case-Shiller Index, Dec 2015
The San Diego Case-Shiller Index ended the year with a bang, with a month-over-month rise of 0.7% in December. The year-over-year increase was 7.2%, the biggest increase of the year - and more impressive than the 5.0% increase we had in 2014! Here are the San Diego...
NAR Advertising
The National Association of Realtors is on the ropes. They know that Zillow and others are producing effective, big-time advertising that benefit realtors directly. But finally, N.A.R. has responded, and spent some of the $120 million+ in annual dues collected on...
SB Blowout
I told the listing agent that her list price was perfect on this 1927 classic - let everyone have a crack at it, and have the market decide what it's worth! The list price was $935,000. She got 16 offers, and it closed for $1,140,000 cash!
Non-Profit 3% Mortgages
We saw how crowdfunding could be a new (and bubblicious) way to finance home purchases. Here's one of the old ways - non-profits getting involved that are well-funded today, but.....Hat tip to Susie for sending in this story:...
Inventory Watch
The first eight weeks of 2016 look remarkably different than last year, with about 12% additional new listings hitting the MLS, and about 10% fewer new pendings. But it is mostly a higher-end phenomenon - the inventory of houses for sale listed over $2,400,000 has...
Del Mar Open House 2
It helps to demonstrate the comps, so I drove by the street that had the most recent sale - $1,470,000 last month for 1,668sf ($881/sf while we're asking $815/sf). Th next-door neighbor confirmed that the new owners are spending another $500,000 for renovations. I...
Carlsbad Beach Development
Back in the day, there was always steady turnover of properties around the Carlsbad beach area between end-users and small-time investors. Now the developers have taken over, and new condos and a hotel are being built. Here is a walking tour of the prime area that is...
