Who is selling? This is the fourth reading - this time I checked the last 112 detached-home sales between La Jolla and Carlsbad. Here are the categories of when the sellers purchased the home they sold: Year Purchased 12/12/15 3/19/16 6/18/16 12/13/16 0 – 2003 41% 42%...
Year: 2016
Old-Time Photos
A wild assortment of photos from long ago. Bird Rock, 1930: Solana Beach, 1928: Rancho Santa Fe in the 1920's: "In 1965, a real estate developer stumbled upon a lush valley that combined natural beauty with perfect weather: and the vision for La Costa was born"....
Inventory Watch
We should have a dwindling inventory over the next 7-10 days as sellers cancel for the holidays - and get ready for the spring selling season, where they will expect better results than they've had during the last 3-6 months of the off-season. Will it be better next...
More on Election Impact
San Diego County voted 56% Clinton, and 39% Trump. Could the election result discourage home buyers, and slow down our real estate market? http://sf.curbed.com/2016/12/7/13875038/trump-san-francisco-real-estate-trulia Just before the election, real estate site Trulia...
Wait-And-See in 2017?
It's easy for me to say our local real estate market should get off to a fast start. It's what we do every year! Let's theorize why the pricing pops in Spring: Demand has been pent-up for 3-6 months; and buyers come out hungry. Virtually all sellers come out greedy,...
Fast Money
We've touched on the new disrupter OpenDoor, which is currently operating in Phoenix and Dallas (places where home values might be easier to determine): https://www.opendoor.com/homepage They are willing to pay cash for your house and close in three days, which sounds...
Robert Shiller on Trump & Real Estate
Animal spirits should propel us through the short-term:
Fix ‘Em Up
Fixers aren't very attractive at these prices. Save
Impact of The Election
We'll be fine....if sellers stay realistic. Our real estate needs are just as they were prior to the election—the demand’s there, even with the uncertainty of what’s to come. That’s according to a just-released report by realtor.com®, which surveyed its homebuyer...
Allman Brothers – Melissa
Gregg Allman wrote ‘Melissa’ sometime in 1967 on a songwriting marathon that yielded 1 good song out of over 200 written, and despite never cracking the U.S. Top 40 charts, it’s remained a classic rock favorite for decades. The late, great Duane Allman loved this...