On Friday morning I had a bout with vertigo, which is about the only thing that has sent my head spinning more than this market! Thankfully Richard and Donna are very capable and jumped in to ensure there wasn't any disruption to the business, for which I am very...
Month: March 2021
SD North County, February
These are eye-popping numbers for all of north county - thanks Jerry Ryan! Percentage of List Price Received Median Sales Price with Year-Over-Year Change The latest month-over-month change in median SP was 6%!
Happy St. Patrick’s Day
Today, everyone's favorite Irish band premiered its legendary 'U2 Go Home: Live From Slane' show at the iconic music venue Slane Castle outside of Dublin, part of their 'Elevation Tour', on September 1st, 2001. Ten days later, 9/11 happened: 00:00 - Intro 01:07 -...
Mortgage Rates Continue Upward
One of these days, rates are going to matter. Today is probably not that day. But when we get close to 4%, then buyers are going to put on the brakes and expect sellers to do a little something for them, price-wise.
Backlog Forming?
Hat tip to Ryan for his excellent job documenting the real estate frenzy underway in the Sacramento area: http://sacramentoappraisalblog.com/ Susie says the Boise market is on fire, Noodle said that every house in North Phoenix sells in 3-4 days, home prices in Austin...
Big Leaguer
A former Padres pitcher (who made over $12 million while in SD) just sold his house in Poway. The den was a baseballer's dream, and the indoor/outdoor/backyard was incredible too. Here are 75 photos plus Matterport:...
Multi-Gen Demand
The new NAR report on the characteristics of homebuyers was released today. Let's note how many homes were bought to accommodate kids moving back home - or who never left. Past generations never had to worry about kids moving out when everybody could afford a home....
NSDCC Actives & Pendings
Previously we experienced a healthy market when actives outnumbered pendings 2:1. Then as the market heated up, we got used to the 1:1 ratio. Now we have areas where the ratio is more than 1:2! NSDCC Detached-Home Active and Pending Listings Town or Area Zip Code...
FLW Auldbrass
Architecture deserves its place:
Daring You To Buy
In the last couple of weeks, you may have seen prices on new listings reflecting today's exuberance. Homes that are priced attractively will generate the crowds, and likely get bid up over list. Others are listed for a price that raises an eyebrow. In areas where...