The new Coming Soon feature in our MLS has been available since Tuesday. Since then, there have been 32 new listings of houses between La Jolla and Carlsbad. Eight of the 32 have been inputted as Coming Soon (not active listings). The common reason for having Coming...
Month: May 2020
Ray Manzarek & Robby Krieger
Robby is still the most famous person I've met - we had him play at CSUF back in the day!
Pac Pal
This megamansion with two safe rooms and a retractable roof for stargazing, isn’t listed for sale. Instead, the Pacific Palisades house is hitting the market as a rental asking $350,000 a month. The master suite, accessed via a retinal scanner, has a custom-designed...
“Stunning Recovery”
I called it a Stunning Recovery on Monday, and they used the same words today. Coincidence? 🙂 Hat tip Mitch! If mortgage demand is an indicator, buyers are coming back to the housing market far faster than anticipated, despite coronavirus shutdowns and job losses....
Off-Market Sales
Yesterday, we closed our fourth off-market buyer sale of the year (Richard, 1 and Jim, 3). Here's how they happened: Reaching out to other agents working the neighborhood. Saw one in the Compass Coming Soon section (which was public). Saw one on Zillow as a Coming...
SD April Sales Down 26% MoM
I guessed that NSDCC sales would be down 60% in 2Q20, but April was the low point (sales were down 42% YoY), and May won't be better but June could finish strong. Quotes from the UT article which is linked at bottom: “Sellers have taken a bigger step back than...
Forbearance + 3 Months
Hat tip Susie! FOR IMMEDIATE RELEASE May 19, 2020 Washington, D.C. – Today, to support borrowers and mortgage servicers, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) have issued temporary guidance regarding the...
La Jolla Hermosa
San Diego Coming Soon on MLS
Our MLS is going to provide a Coming Soon feature, which will fluster the agents who say that the Coming Soons build anticipation (like a movie trailer) and test pricing, but who then use the concept to circumvent the MLS and instead advertise directly to the consumer...
Inventory Watch – Stunning Recovery
The showings in California are within 16% of last year's number, and 2019 was a good year. We're also +28.7% above the first week of January - I'll take it! The actives and pendings above are the net movements. Total actives are new + previous active listings minus...