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 top-notch granny flat,...
Month: October 2020
Eddie Van Halen, RIP
When we were involved with doing the concerts at Cal State Fullerton, our sound & lights crew were also the guys who worked the Van Halen tours. The band was rehearsing at a sound stage in Los Angeles getting ready for the US Festival, and I got to go along. ...
Frenzy or Glut…Or Frut?
The 2021 market is shaping up to be a humdinger! Will ultra-low rates and more inventory cause it to be the Frenzy of All-Time? Or will a surge of home sellers - namely the baby-boomers - bring about a flood of homes for sale that swamp the market? Frenzy, or Glut?...
Vaccine to Supercharge 2021 Market
Did you hear Dr. Fauci last night? It's likely US health officials will know whether a Covid-19 vaccine is safe and effective as early as next month, Fauci said Monday. "I think comfortably around November or December, we'll know whether or not the vaccine is safe and...
Clearing Out Your House
Even though the market is blazing, many soon-to-be home sellers are going to wait until the Spring Selling Season of 2021....and take their time getting their house ready. Because it will be hard to tell if it will be a frenzy or a glut until April or May, it won't...
Inventory Watch
The end of the month is usually the most popular time for closings, and last week was huge. There were 85 SFR escrows closed between La Jolla and Carlsbad since last Monday! So the total-pendings count dropped a bit, but so did the actives. There are FEWER houses for...
Showings Are Still Elevated
Not only does the current level of showings make up for the dip we had at the beginning of the Covid-19 market, but the 7-day moving average was higher on Saturday than all but two days this year (now 225% higher than it was during the first week of 2020). As long as...
Single Agency
The pandemic is still raging, the President of the United States is in the hospital, the election is right around the corner, and so are the holidays. The frenzy has to slow down at some point, doesn't it? So I schedule for 11am, and show up to find today's list of...
Not Hot Everywhere
Market conditions are subject to change! Hat tip to just some guy for sending in this article: In five years as a San Francisco real estate agent, Emily Beaven has never experienced such a dry spell. She has several condos on the market right now that she’s...
More NSDCC September Sales
We're only three days into October so there will still be more reporting in the coming days....but September sales are pouring in! We had 52% more sales than we had last year in the La Jolla-to-Carlsbad market! NSDCC Detached-Home Sales, September: Year Sept. # Sales...