Remember back when you could buy a house west of the 5 for less than a million?
The New Leucadia
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Month: April 2021
Home Seller Survey
An excerpt from Zillow's seller survey: With the rollout of vaccines against COVID-19, 70% of homeowners in a recent Zillow survey say they would feel mostly or completely comfortable moving to a new home when vaccines are widely distributed — and 78% of homeowners...
Inventory Watch
This might have been the week that the frenzy peaked. Last week: Actives: 334 Pendings: 362 This week: Actives: 357 Pendings: 344 It's only one week, but it did seem like there were quite a few escrows that fell out which would be the primary cause of the shift. ...
Solutions for Potential Sellers
The real estate market is red-hot, prices are higher than ever and buyers are begging for inventory! Many homeowners want to take advantage of this opportunity but are worried where they'll go next. It's a tough market to be a buyer, but this shouldn't discourage you...
The Blue Lagoon
940 Pearl, San Elijo Hills 5 br/7 ba, 4,998sf YB: 2014 SP = $2,249,000 (we represented the buyers) Welcome to one-of-a-kind luxury living at it's finest behind the gated community of The Estates in San Elijo Hills. As seen in Wall Street Journal & New York Times...
Double Up!
This is a good example of how prices are popping in Olde Carlsbad. This sold for $675,000 in 2014, and listed last month for $1,149,000. It closed this week for $1,385,000, which is 21% over list. The price more than doubled in less than seven years!
Market Conditions and Strategies
Here are the big hitters in the L.A. luxury market talking about today's conditions, and the PLS:
Inventory Correction
On Monday, I got my two counts backwards for 2020 & 2021, which made it look like the number of new listings was picking up. But it was wrong - here is today's counts of new listings in the first quarter: New NSDCC Listings in the First Quarter: 2017: 1,296 2018:...
John Prine One Year Later
John Prine died of Covid-19 a year ago yesterday, and his wife asked us to remember him by this song. I fell asleep last night so let's play it tonight: https://en.wikipedia.org/wiki/John_Prine
95 Units
The City Council has already approved this project so the public discussion is over. But it's interesting to note that the owner of this 7.2-acre parcel - who also owns the shopping center next door - chose to re-zone the property for apartments, instead of office...
