Remember the old firehouse? It listed for $699,000 in March, 2019, and sold for $803,333. Here is the photo gallery of before-and-after photos (you knew it would be a car guy!): https://www.10news.com/news/news-slideshows/photos-carlsbad-firehouse-renovation Here's my...
Month: July 2020
NSDCC June Sales & Pricing
After the market bottomed out in mid-April, it sure came roaring back: Year # of June Sales Avg. LP/sf Median Sales Price MSP/MLP Ratio 2016 312 $507/sf $1,200,000 96.3% 2017 363 $529/sf $1,260,523 97.0% 2018 299 $606/sf $1,350,000 100.0% 2019 283 $527/sf $1,250,000...
Inventory Watch
Combine the covid concerns with the school scramble and record-low rates and we're having a frenzy that feels similar to the all-timer in 2013 - and we can't keep enough product on the shelf! The tight inventory is likely to get worse. Those who were committed to...
Survey of Market Conditions
The experts were surveyed on what they think about the market - a sample question: Fleming: “Our research has found that in past recessions, house prices show their “downside stickiness,” meaning they remain flat or their growth slows during economic downturns, but...
Wait And See About Foreclosures?
This presentation covers both sides of the concerns about home values plunging because of the effects of the pandemic on the economy. Suze says don't buy a house until later this year because there could be foreclosures, and David points out that the CARES Act already...
Del Mar Estate Wrap-Up
At the time of this auction in 2010, it seemed unbelievable that anyone would pay $4 million (plus 10% fee) for any lot - and these auctioneers couldn't convince anyone else to get close. But in the end, Mr. Palmer got the last laugh when his 10-year odyssey ended...
Coronavirus Eviction Moratorium
Tom T. and I were lamenting earlier this week about the plight of the mom-and-pop landlords due to the ban on evictions - because some tenants are taking advantage. The ban might get extended too: Senator Elizabeth Warren (D-MA) and Representatives Jesús “Chuy”...
Prop 19 Breakdown
It was called ACA-11 while the legislators considered it, and the realtor-backed initiative is now Prop 19. In our last installment, the legislative analysis included this gem: Right now, around 80,000 homeowners who are over 55 move to different houses each year...
Why Home Prices Will Keep Rising
Over the history of real estate, buyers have determined the market. They decide how much education and investigation they need to complete before making what is now the biggest decision of their life, and then they proceed when ready - or when they see an attractive...
Paint Choices
Looking for paint advice? Check out this influencer's opinions on the latest whites, blues, greens & grays: https://anitayokota.com/my-favorite-sherwin-williams-paint-colors/