Do we just sit there and stare? I need to play this more often!
See How We Are
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Month: July 2021
My Workbench
From the bottom left. If you ever get famous enough that you might need a direct line - like a batphone - well, then you need to be prepared. A solid red push button will do just fine. The San Diego Chicken - a legend, and sorry your left hand got clipped. Rickey! I...
Toppy
You might see the peak reflected in the sales prices over next 30 days. This is a start - closed two days ago:
Emerging Markets
Hat tip to Rob Dawg who sent in this article that suggests Salinas ranks higher than San Diego and Ventura! I cannot find the 60 metro areas on the luxury list they talk about here so not sure about the overall rankings. Coastal California has seen a surge of interest...
Showings in Other States
Speaking of other states, how is the cooldown playing out elsewhere? Nevada and Texas are holding up, but towards the end of May, Arizona and Florida started to taper like we did here - and Arizona has been sliding all selling season (maybe due to lack of...
Tax Burden by State
If you are thinking about moving out-of-state, here's another data point to consider: This year, Uncle Sam took his cut of the past year’s earnings on May 17, slightly later than usual due to the COVID-19 pandemic. Many taxpayers are undoubtedly wondering how this...
The Current State of the Market
I was asked, "Can you sum it up in one sentence?" Yes - the inferior homes won't be selling as fast, or for as much, as the superior homes. There should be a gap - a sizable gap - between inferior and superior homes. But over the last year, it got squeezed and those...
Inventory Watch
It looks like the counts of active and pending listings are on their way back to normal. The impact depends on the price point though. The low-end market is evaporating, and if we had a surge of 25-50 new listings, they probably wouldn't last long: On July 22, 2019,...
Inspection Time
We've found a buyer for the R Avenue property, and all we have to do is find our way to the finish line.
NSDCC First-Half Report
The number of NSDCC first-half sales are 15% higher than the 2017-2019 average number of sales, and THE MEDIAN SALES PRICE IS +32% YoY: NSDCC Sales, Jan 1 to June 30 Year # of 1H Sales Median SP # of Sales Over $2M Over $2M/Total Sales % 2017 1,585 $1,225,000 292 18%...
