My farewell to La Costa - the virus has delayed a new Compass office in Carlsbad, but it's coming:
Goodbye La Costa Resort Office
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Month: April 2020
Impact of Coronavirus on Real Estate
March 12th was the day that US stock markets suffered the greatest single-day percentage fall since 1987, and the day after Tom Hanks and Rudy Gobert tested positive - the latter shutting down the NBA season. Let's call it the day that the coronavirus started having a...
Realtor Population
Mike talks about sales dropping up to 50% in 2020, but there's a bigger problem. We have 10,000+ baby boomers retiring every day in America, but they aren't moving - they are staying put. This lockdown is training folks on how to survive at home, and if...
When Will the Market Comeback?
Everything seems like "If" these days, but if we had a market comeback, the dates of a modified and compressed selling season would be fairly predictable, looking at it logically. The actual results will be a matter of compression and intensity. If there isn't much of...
Market-Comeback Indicators
To get a feel for when the market is starting to come back, let's watch these data points. When sellers are feeling more comfortable putting their house on the market, we should see the number of houses for sale begin to increase (or that will be a sign that fewer are...
Questions About Today’s Market
Our daughter Natalie is part of our team now as marketing director (in between her dance gigs). We got started yesterday with a few short answers (less than a minute each) to three basic questions about today's market that she will be using individually on social...
Razor
A tour with the architect around the house that Alicia Keys purchased for $20,800,000 in August, 2019:
San Diego Report on Housing
Demand for San Diego County homes has waned in recent weeks as the fallout from the coronavirus pandemic ripples through the real estate industry. The number of pending sales in the county has dropped by 27 percent in two weeks, said data from Reports on Housing...
Inventory Watch
New pendings continue to plummet, with only 17 logged this past week (we had 59 new pendings in the second week of April last year). Last Monday we had 660 houses for sale between La Jolla and Carlsbad, and today's count is 671. We will keep hearing about the 'pent-up...
Carmel Valley Value Buy – Sold!
I've been convinced for years that we can sell homes by video, and the coronavirus will present that challenge to us now. If agents can be handy with their phone, a decent representation can be made that should be enough to get buyers to make offers - and we'll figure...
