The California Association of Realtors predicted that statewide sales in 2018 would increase 1%, and the California median sales price would rise 4.2%. My guess was for the San Diego County detached-home sales to drop 5%, and the median sales price to rise 5% in 2018....
Month: October 2018
Room Addition
Do you have those high ceilings over the living area, and wonder about turning it into usable space? We've done three of them over the years, and I got the camera rolling for this one:
Robotic Real Estate
Below is the evidence put forth by a Bay Area realtor to show two things: Redfin home-value estimates are tied to the list price, and their estimates are increased as they gauge the traffic. Buyers are assuming the Redfin estimates to be accurate, and rely on them...
Ponto’s Last Stand
From the Reader: Pressure to develop a project on one of North County’s last, large coastal properties may be coming to a head, but not if the residents in the South Carlsbad community of Ponto have anything to say about it. So far, members of a neighborhood...
Usual Seasonal Change, or Panic Time?
Rob Dawg predicted it that any and all appreciation will happen in the first half of the year - and if we're just talking about the general trends in local San Diego pricing, that's how it has been lately. As the red circles show in the graph above, the...
Inventory Watch
Here we are - Happy 4Q18! Predictably, the inventory is starting to subside, and hopefully just leaving the motivated sellers. The number of houses in escrow is a good gauge, and they have been steady over the last five weeks (312, 302, 305, 296, and 302). The...
Pocket Results
When the bluff-top mansion at the end of Malibu’s Sweetwater Mesa Road sold for more than $30 million in 2016, it looked like the end of a years-long intrigue involving the playboy son of the president of an oil-rich African nation. Instead, the sale and a quick flip...