Month: April 2017
NSDCC Actives/Pendings
Historically, we have considered our market to be relatively ‘healthy’ when the actives-to-pendings ratio is around 2.0 - but that thought originated when prices were about half of what they are today! Here are the stats for the NSDCC detached-home market (La Jolla to...
Failed Auction?
The no-reserve auction of Matt Kemp's house in Poway today was postponed until April 25th. Why would you postpone for 5 days? There has to be buyers. This company has been very successful in selling seven and $8-figure homes throughout the world, and they have grown...
Live Auction April 20th
The auction of Matt Kemp's house in Poway is Thursday! You can watch the auction live at 4:00pm Pacific Time on the Concierge Auctions mobile app, where you can also find their rules list. They will add a 10% buyer's premium to the winning bid to determine the final...
J. Geils
We lost a true guitar hero, J. Geils, on April 11th. He mentions touring with the Stones in 1982 - were you one of the 100,000 who attended their show at the L.A. Coliseum? The band was rocking that day! But he and the band had disputes later, and there aren't many...
San Diego #1 in SoCal
Markets throughout Southern California are cooking, and we're leading the way! The Unsold Inventory Index represents the number of months it would take to sell the remaining inventory. See stats for the whole state here:...
Encinitas Video Tour
This is one of the house tours for Alan (story here). We did offer on this one, but there were multiple offers and it sold for $21,670 over list price:
Offering Too Low
Part of a realtor's job is to help manage expectations - not only those of their own clients, but expectations of the other agents and their clients too. Recently I received an offer on a listing that was 25% under the list price. They also wanted my seller to carry...
The Transparency Crossroads?
Our Zillow rep mentioned that they are investing heavily into virtual reality. (He's reading the blog now - hey Jason!) I'm a big proponent of video tours - there is no better way to help remind buyers of what they are thinking of purchasing. We have seen the 3D...
Inventory Watch
Easter is behind us and taxes are wrapping up - here we go! There have been a steady stream of new listings, and for the next 3-4 weeks we will be in the prime selling season! The Under-$800,000 inventory has rebounded nicely too - four weeks ago we had 19 houses for...
