The market has been great lately, with virtually no let up in demand in spite of higher prices and November starting tomorrow. Here is how this October stacks up to the last few years, based on the readings for the closest five weeks: Year October New Listings...
Month: October 2016
Value Range Pricing
I have a new listing this week that we decided to put on range pricing for two reasons; A) we're not doing all the repairs needed, and B) if you only have one price, buyers will want to deduct for repairs, even if the repairs are already priced in. Of the 495 NSDCC...
Micro-Apartment
Hat tip to Susie for sending this in - smaller is getting more popular! The city's first apartment building with mini units is ready for Big Apple tenants. City officials joined Monadnock Development and the Lower East Side People's Mutual Housing Association to...
Airbnb Under Attack in San Diego
You knew this was coming, sooner or later: Most Airbnb and other short-term rentals would be banned in San Diego under a proposal released this week by the City Council president. The proposal would make a simple definition change in the city’s municipal...
BRE Licensees
The latest BRE stats are out: http://www.bre.ca.gov/files/pdf/reb/rebfall_16.pdf Do you get the feeling that the real estate environment is like the wild wild west? Well, it is - there is virtually no oversight or enforcement going on: Fiscal year 2015-2016 Licensee...
Freshen Up
The trends change fast enough that older homes that have been remodeled previously can still benefit from an update:
Catering to the Wealthy
A recent trend in home construction points to growing polarization in the market, as more new homes come with three-car garages than ever before. Twenty-four percent of homes built last year had garages for three or more cars, according to an analysis of Census data...
Zillow Forum
A brief 10-hour Zillow conference kicked off yesterday. In his opening remarks, Spencer was his usual effervescent self, and assured the crowd that the Zillow dominance is bigger and better than ever: Unique users of Zillow and Trulia were up to 171 million in May....
Sandicor Divorce
The paperwork has been filed to dissolve Sandicor, our local MLS company. http://www.nsdcar.com/announcements/mls-faq.pdf A bitter fight among the three partners has been brewing all year. Two of the three associations of realtors, NSDCAR and PSAR, want to join the...
San Diego Case-Shiller Index, August
The San Diego Case-Shiller Index barely moved in August, which is similar to last year too. We had a big pop in July, and then a tame August reading in both 2015 and 2016. Look forward to occasional negative readings from now on - that's what happens in flatsville!...