This is the house in front of the 11,545sf Razor house for which Alicia Keys just paid $20,800,000. This was only 8,627sf and just closed for $15,250,000 cash. [button link="https://www.zillow.com/homedetails/9828-La-Jolla-Farms-Rd-La-Jolla-CA-92037/16834392_zpid/"...
Month: January 2020
What The ‘Experts’ Think
This is a price survey that ranks the over/under for each metro to the 2.8% value growth expected nationwide. I'll take the over for San Diego! The Zillow Home Price Expectations Survey sponsored by Zillow and conducted quarterly by Pulsenomics LLC, asks more than...
Happy Birthday Starman
"Always go a little further into the water than you feel you are capable of being in. Go a bit out of your depth. When you don't feel that your feet are quite touching the bottom, you're just about in the right place to do something exciting." DB 'Tomorrow belongs to...
NSDCC December Sales
Mortgage rates were the best they've been in December since 2012. How were sales? We had a nice pop in sales compared to 2018, but that's about it: NSDCC December Sales Year # of Sales Median SP Avg. Cost-per-sf 2015 258 $1,094,500 $477/sf 2016 240 $1,150,000 $502/sf...
The Invisible Market
Let's touch on this topic one more time as a new season opens up. While our 2020 market should be promising, the actual results won't be as obvious. Reasons to be optimistic about this year: Rates are really low, though we expect that now and it won't set off a...
Inventory Watch
The market seems to be poised for a hot start in 2020 - heck, 30-year jumbo rates are in the low-to-mid 3s! Let's review the first readings in January to see how today compares to the last two years: Price Range # of Actives, 2018 Avg. LP/sf # in 2019 Avg. LP/sf # in...
More on the Silver Tsunami
Homes that are walking distance to excellent schools and/or a retail center (with a Starbucks) will probably do fine - even if they need a little work. Homes out in the boondocks will have more of a struggle. From the UT: In a recent column by the Union-Tribune’s...
Adverse Possession
Hat tip to SM for sending in this article: If you break into an empty house, move in your family and your belongings and call it home, can you ever stake a legal claim to the property? The answer is yes. But it’s a difficult process, and it rarely ends successfully....
‘January is the new April’
The severe shortage of homes for sale is upending the sales calendar for the whole housing market. Spring has historically been the busiest buying season, but as competition for homes heats up across the country, January is the new April. Spring starts now. The...
Historical Photos
More historical photos seen over the last year - this is San Diego in 1892: Del Mar in 1895: Mission Valley in 1891: San Diego Bay in 1932: North Island in 1936: The Mission Bay Bridge in 1914 with roller coaster in background: Ocean Beach and Mission Beach in 1930:...