This house has a history - it was once the family compound for Alaska Airlines! It was foreclosed in 1994 when the lender received no bids and took it back for the balance owed of $6,372,931 - and they sold it for $3,350,000 six months later. It was then resold for...
Month: October 2020
Covid-19 and Homeownership
This chart shows the generational changes among non-homeowners about their interest in owning a home. Being interested doesn't mean they are buying, necessarily, but it's a step in the right direction - especially for the millennials, who picked up the largest net...
Inventory Watch
In previous years, the total number of pendings has remained steady in September and October, so I guess it's not a big surprise the trend has continued this year - it's just 50% higher! People are still looking too - this is the highest 7-day moving average of the...
No More Love Letters
The time-honored tradition of buyers hoping to sway sellers with a personal introductory letter came to an abrupt halt this month with the new FHDA form (see snip above). Not only has it been customary to submit a letter of introduction with your offer, but if you...
Vista Country Estate w/2brADU
They say that everyone is fleeing the urban markets for the country, and this is a good example of how much further your money will go. It is fairly close to town too - you wouldn't really need to change doctors, etc. and for those who need a roomy granny flat, this...
Mission Bay Park 1950s
The narrator says it's "the greatest park of its kind in America", and "the Miami Beach of tomorrow". A terrific tour of the early days (before Sea World):
Climate Risk Assessment
I don't want or need to get into the politics of climate change, I just like a new gadget. Check your home's climate risk here: https://climatecheck.com/
Bad Time to Buy?
Here's a sexy headline: Red-hot home prices have more consumers saying now is a bad time to buy Anyone out hunting for a house knows that bidding wars are no longer the exception, but the rule. Demand for housing has been unusually strong, due to the coronavirus...
Brittany Forrest Sold
On Monday, the sale of our Carmel Valley listing on Brittany Forrest closed escrow. I had discussed previously the valuation challenge when a recent seller had dumped on price and became the comp. It was a model-match that closed for $1,880,000 in May with a similar...
Prop 19 Ads
Bill and I were talking about Prop 19 yesterday, and we both agreed it doesn't seem to have much chance of passing because the California Association of Realtors, the authors of the initiative, haven't been pushing a clear case of why it is important. The C.A.R. has...