The production homes were selling for $1.9M to $3.5M, so those new residents have to be elated to see that all three models are priced in the $4-millions. And don't be surprised if they sell quickly! The Plan 2 is priced on the range $4,398,000 to $4,698,000 - here's...
Month: June 2020
Where To Move in California
Tips on the best towns in California: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ A comprehensive...
San Diego Case Shiller Index, April
The local Case-Shiller Index for April rose again, which makes you wonder how big the 2020 selling season could have been without the 'rona - though if more sellers would have listed their home for sale, and rates were higher, the price increases probably wouldn't...
BioDisco
When we were selling REOs, the bank clerks objected to reports that their properties had mold in them. Why? Because we weren't mold experts, so how did we know for sure? Out of that, a new description was created, 'biological discoloration', which we shortened to...
Inventory Watch
We had a couple of big weeks in the middle of June, but our local market cooled off a bit this past week. The inventory of active (unsold) listings is growing, and the total number of pendings has paused - which should continue as more of them start closing escrows....
Fixer Deluxe
Hat tip to Susie for sending this in - only $828,888 for this house in Queens! https://nypost.com/2020/06/27/nyc-house-selling-for-828k-has-the-scariest-listing-photos-ever/
Rents During Coronavirus
When an average or median price is moving less than 1%, let's call it unchanged. San Diego, which saw rent increases slow last year after a period of skyrocketing costs, continues to absorb drops following the start of the coronavirus pandemic. ApartmentList.com, in...
C.A.R. Backs ACA-11
June 26, 2020 Dear Jim, Today, the California State Legislature passed a strong bipartisan measure (Assembly Constitutional Amendment 11) co-sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and the California Professional Firefighters that is poised to be...
Smart Plumbing 2020
Proposed Rent Relief From State
A relief package is being considered - excerpts from the SF Chronicle: State Senate leaders proposed a massive economic relief package Tuesday to guide California through its coronavirus budget woes by encouraging residents to prepay their future state income taxes...