Hi-definition movies to sell homes - this one gives you enough to make you want more, which is the goal of marketing. It closed for $16,300,000 in April:
Real Estate Porn?
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Month: July 2017
Prop 13 Change?
Hat tip to W.C.Varones for sending in this article. I read it, and all of the supporting documentation, but didn't find any surveys or data to back up the president's claim below that well over 1 million additional properties will change hands - he just made that up....
NSDCC Year-Over-Year
In the last post we saw that the median sales price for San Diego is up 11.2% year-over-year. Let's check the individual areas between Carlsbad and La Jolla, using the combined May/June Y-O-Y data for larger sample sizes: Area # of Sales Median Sales Price Chg Avg...
Frenzy Fever
As the national drought in home supply dragged into its 21st straight month, competition among buyers drove prices up once again. And the fiercest competition was in the Bay Area. A new report from Redfin shows that 73.7 percent of homes sold above the listing price...
Additional Expenses of Homebuyers
Buying a house just gets you started - there are the other goodies too. In the tony coastal regions, add a zero to these numbers! http://www.mortgagenewsdaily.com/07132017_home_buying_behavior.asp An excerpt: Specifically what do home buyers purchase? The biggest...
Amazon Realtor Referrals
The easiest way for anybody to make money from real estate - refer a realtor. Costco, Lowe's and others have tried it, but you don't get the best realtor - you get the best realtor who is willing to pay to be on the list, and/or willing to discount their commission...
Redfin IPO
The Redfin IPO has been announced, and people are wondering what effect it could have on the home-selling business. Notorious Rob started with the impact on brokerages: http://www.notorious-rob.com/2017/07/the-impact-of-redfin-post-ipo-part-1-brokerages/ I agree with...
Goodbye Doug
The Village Church in Rancho Santa Fe was packed today - over 500 people by my count - to pay our respects to Doug Harwood. Five people spoke from the pulpit, but it seemed like everyone there could tell a story or two about Doug. I'll tell my favorite here. A few...
Boomer Parents-to-Children Transfers
Daytrip sent in this article (link below) on baby boomer sales, and how the transfer of homes from parents to children are likely to dampen the supply of homes for sale - and somewhat limit the property-tax receipts: LATimes.com But then I went to the actual report...
Inventory Watch
Let's take a look at how the NSDCC market has changed since the spring selling season kicked into gear Here are the differences in active inventory between March 6th and today: Price Range # of ACT March 6 July 10 Avg LP/sf March 6 July 10 0-$800K 32 27 $458/sf...
