It's been a long summer, it's Labor Day weekend, and it's hotter than anyone can remember. Wouldn't you expect the market to slow down this past week? We had 110 new listings, and 93 new pendings! NSDCC Under $1,000,000 Market Date NSDCC Active Listings Avg. LP/sf...
Month: September 2020
RSF $20,000,000
Fleeing to The Suburbs?
The chart above shows the June page views, which was probably the peak hysteria for those who were considering a drastic change. I think the heightened activity and sales could have just been from all the people who had been thinking about a move over the last 2-3...
Serra Mesa Remodel
Our new listing of a phenomenal remodel in Serra Mesa! 9717 W. Canyon Terrace #3, San Diego, CA 92123 3 br/2.5 ba, 1,402sf and 2-car garage LP = $675,000 - SOLD FOR $26,000 OVER LIST! Absolutely stunning remodel of the entire home - new modern kitchen, new bathrooms,...
Stonecrest Village Perfection!
Our new listing of a phenomenal remodel in Serra Mesa! 9717 W. Canyon Terrace #3, San Diego, CA 92123 3 br/2.5 ba, 1,402sf and 2-car garage LP = $649,000 Absolutely stunning remodel of the entire home - new modern kitchen, new bathrooms, new flooring, new paint - new...
NSDCC Sales, Jan-Aug
Sales has been robust over the last couple of months, and the national pending-home-sales index above shows how we're just making up for lost time. We don't have a local PHSI, so let's look at how the NSDCC closed sales for 2020 have compared to last couple of years:...
Future of San Diego Real Estate 2
The turnover and upgrading of neighborhoods is commonly called gentrification, and what it means around here is that the affluent buyers (many, if not most, from outside the county) take over the real estate market, one house at a time. Their money does the talking -...
Future of San Diego Real Estate 1
Catherine asked what I thought about the next 1-2 years of real estate. First let's discuss why real estate in the future won't be like it's been in the past - we're out of dirt. Here's my conversation with Bill Davidson in 2012 about the future of home-building in...
The Motels
Donna and I went to Cal State Fullerton in the early-1980s, and I was involved with booking bands to play free shows during the day (X, Rank and File, Robbie Krieger, The Red Devils, etc.) and ticketed shows a couple of times per year. I was the director during the...
September Looks Good Too
Rates have come back down a bit, so if buyers can just find a house to buy! We're sold out - all current listings are pending. I also had buyers yesterday who offered the high end of the variable-price range on a new listing and we got smoked by a higher bid that was...