As long as everything stays rosy, we'll be fine...... The housing market has been looking slightly better over the last few month and Freddie Mac July economic report reflects that fact. They also maintain a fairly rosy picture of the economy as a whole. They note...
Month: July 2019
More Funding
Here's the official announcement, but the WSJ said that bringing in Dragoneer probably means that the IPO is getting close: On Tuesday, Compass announced its $370 million Series G round of fundraising at a valuation of $6.4 billion -- a 45% increase in valuation in...
13,033sf Lot
My new listing in Old La Costa - with a lot size of 68 x 190 feet!
San Diego Case-Shiller Index, May
We had a solid 1% increase in our local index M-o-M, and it was about the same year-over-year: San Diego Non-Seasonally-Adjusted CSI changes: Observation Month SD CSI M-o-M chg Y-o-Y chg January ’18 248.16 +0.8% +7.3% February 250.91 +1.1% +7.5% March 253.41 +1.0%...
Sober-Living Homes
They should identify the locations so homebuyers are aware: Sober living homes have become a contentious issue with residents in the neighborhoods where they have developed. As a result, the City Council formally approved an ad hoc committee to address them during its...
La Costa Glens – SOLD
3022 Segovia Way, Carlsbad 3br/2ba, 1,542sf one-story on a 13,033sf lot. Sold for $835,000 Dreaming about the perfect backyard? Check out this extra-large and flat 13,033sf lot with plenty of privacy too! It backs to the park, and is easy walking distance to La Costa...
Illusion
I only have one CD in my car.
Buyer-Interest Pyramid
Now that we're reaching some equilibrium, let's dissect the buyer pool. As recently as two years ago, 60% of buyers were probably interested in properties priced 10% over comps. Now it needs to be a real specialty product to garner attention if priced above retail -...
Inventory Watch
I guess I might have jinxed it last week when I said, "How about a late-summer surge!" This week we had the lowest amount of NSDCC new pendings (47) since February, in spite of mortgage rates being about 3/4% lower than last year. Hopefully the rest of summer doesn't...
Compass Day at the Track
Compass is a big sponsor of the races at Del Mar, and Saturday we got the royal treatment: We have our share of turf club or GA tickets if you want to go!