Are you thinking of going somewhere that doesn't have bidding wars? You need to go a ways! Just in case you haven’t heard, snagging a well-priced home in today’s real estate market can feel a bit like winning Powerball. It’s all about beating sky-high odds. Scant...
It's getting to the point where it is so competitive that buyers will be tempted to make offers without contingencies to improve their chances of winning. But let's face it, they would do so reluctantly. Sellers should be very cautious about taking an offer with no...
Part of the challenge of the low-inventory era is to find the hidden gems. Travel into south Vista just two miles from Carlsbad and look how much further your money goes! Here's our new listing that overlooks the private Shadowridge Golf Club for only $699,000! 1990...
Our seasonally-adjusted Case-Shiller Index rose more in one month than any other U.S. metro area! The increase in the three-month annual percentage was nearly 22%, and it doesn't include March and April which have been hotter. The San Diego index was still positive...
Zillow is optimistic that we will see more homes being listed for sale: In prior years, inventory has generally increased in March, and the return to some seasonal normality is a positive sign that the market is reaching a more steady state and could see inventory...
San Diego had positive gains straight through the Covid-19 era: San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg January ’19 251.30 -0.2% +1.3% Feb 253.69 +0.9% +1.1% Mar 256.40 +1.1% +1.2% Apr 257.63 +0.5% +0.8% May 260.08...
June will be a critical month for sustaining the momentum. Will we run out of buyers? Or will they give up and go on vacation? Or will there be so few listings that we can't tell?
Two weeks ago we hit a slight dip attributed to the spring break, and the pendings have roared back: Three Weeks Ago: Actives: 334 Pendings: 362 Two Weeks Ago: Actives: 357 Pendings: 344 One Week Ago: Actives: 335 Pendings: 358 This Week: Actives: 342 Pendings: 362...
These were my thoughts in February, 2014, as we were coming off the last frenzy. I'll probably be saying the same thing next February:
This has a Del Mar address but Sun Valley is east of the 5 and feels more like Rancho Santa Fe, its neighbor down the street here. This sold for $2,675,000 last June, which seems like a relative bargain today:
