We are heading into the off-season, and more listings will be expiring. Here's how the listing contract works:
Expired Listings
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Month: August 2019
San Diego $300 Million Fraud Case
Another fellow realtor made headlines this week - hat tip GM! Washington D.C., Aug. 29, 2019 The Securities and Exchange Commission today announced it has filed charges and obtained a consented-to asset freeze against San Diego-based ANI Development LLC, its...
Buyer-Agent Commissions
It's inevitable that the amount of the commission paid by the seller to the buyer-agent will be made public. Because the existing rules forbid the MLS companies from disclosing the commission amount to the public, it sounds like the consumer is being wronged. The...
KRG Photo Shoot
We did a photo shoot this week for our marketing campaign of the La Costa office: You'll be seeing the results shortly!
Business Days Only
Effective September 1, 2019, weekends and court holidays will no longer count in calculating the time periods for the following tenant notices: Notice to Pay Rent or Quit Notice to Perform Covenant (Cure) or Quit The five-day period in which a tenant has for filing an...
Razor House Sold Again
Josh came down from Beverly Hills to round-trip the Razor house, which had sold for $14,097,000 in 2011. It closed yesterday for $20,800,000. The previous sale did have some hair on it: Public documents show what the new owner paid is lower than liens on the home,...
San Diego Bubble vs. Other Cities
Our Case-Shiller Index did set a new record yesterday, but our Housing Bubble 2 is relatively tame - just 4% above the previous peak of 250.34 in November, 2005. Compare to others like Seattle (+33% over last peak), San Francisco (+41%), and Denver (+59%) here:...
San Diego Case-Shiller Index, June
Over the last few years, our Case-Shiller Index has dropped off towards the end of the year - but it has rebounded this year to make up for the Dip of 2H2018. San Diego Non-Seasonally-Adjusted CSI changes: Observation Month SD CSI M-o-M chg Y-o-Y chg January ’18...
Inventory Watch
The spurt from the lower rates didn't last long - since they've hit the mid-3s again, you'd think we might get a couple of weeks of improvement: The UNDER-$1,000,000 Market: Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of Pendings Jan 1 36 $477/sf 51 58 Jan 8 35...
Leucadia Bidding War
Word on the street is that there are 11 offers on this new listing in Leucadia, and it's up to $1,200,000: https://www.zillow.com/homedetails/460-Parkwood-Ln-Encinitas-CA-92024/16709568_zpid/ It goes to show you that you don't have to worry about under-pricing a...
