Here's some good news:
San Diego is #1
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Year: 2018
Eagles
People are still talking about the Eagles show at Petco on Saturday, and no doubt it was epic - almost as good as Def Leppard the next night! (we didn't go to either, just based on reports). I like the idea of bringing Glenn's kid out to sing his vocals, and if you...
One-Story Premium
Let's look at the price on my new one-story listing. After all, the 5,345sf house right up the street (that went pending the same day) was listed for the same. At first glance: $1,799,000/5,345 = $337/sf $1,798,000/3,729 = $482/sf (43% premium) But we know that...
San Diego Case-Shiller Index, July
CNBC still looking through their doom-colored glasses, while ignoring the history of price increases cooling off this time of year (2018's pricing just started cooling off earlier): Home prices are still rising, but the pace of the gains continues to slow, as...
PHR Toll Brothers
Beginning in the 1980s, Pardee Homes developed almost all of Carmel Valley, and now they are down to the last remaining parcels. For some reason, they sold off 69 prime lots to Toll Brothers, and now plans to go head-to-head with them with their neighboring tract next...
Bird Rock Retail
This was listed on the range $13,888,000 to $14,888,000, and had been on the market since summer of 2016 (and refreshed several times). Then somebody came along and paid $15,000,000 cash:
Carlsbad Employers
Did you say 20,000+ more people moving to Carlsbad? Where are they going to work? These are the four main employment sectors in Carlsbad: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~...
Inventory Watch
We are mellowing down easy - the new pendings averaged 50 per week in September (they were 55 per week last year, and 66 per week in 2016). The total number of pendings slipped under 300 for the first time since mid-February, and are now at 296. The Case-Shiller...
Stay in the Game
No offers yet on my one-story trophy property, but the more I spend time there and talk to potential buyers, the more confident I get. We knew it was a specialty product from the beginning, so we will be patient. Are we getting the numbers? The 276 views in the first...
Email Fraud
It's happening everywhere - hackers are stealing funds thought to be wired to escrow companies. It's a real threat - be careful! Hat tip GW: James and Candace Butcher were ready to finalize the purchase of their dream retirement home, and at closing time wired...
