https://journal.firsttuesday.us/san-diego-housing-indicators-2/29246/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The last paragraph (above) might be the worst misread in the history of forecasting. I'm not sure why they are sticking with it. Mortgage servicers...
Here's how Stevie started his day at work!
Mitt Romney has sold his oceanfront La Jolla home for $23.5 million. The Utah senator, and former Republican presidential candidate, completed the sale June 30, according to the San Diego County Recorder’s Office. A small part of American history, the home became an...
Hat tip to CM for sending in this blog post on the difficulty of getting ADU permits in San Diego! https://www.tenseventyarchitecture.com/blog/the-real-reason-for-san-diegos-housing-crisis ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The percentage of buyers who were willing to pay over list reached another all-time high in June: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% There were 37% of the total sales that closed for...
We can handle a few more homes on the market, it would be a surge of new listings that we fear. But there is no surge. As long as there are more pendings than actives, the market is doing just fine. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC Under...
Of the 1,682 NSDCC houses sold this year, the median list price was $1,800,000, the median sales price was $1,850,050, and the median days on market was 12. An excerpt from the UT article linked below - the lack of homes for sale is stunning: If you look at the...
This started out as a standard 2,258sf tract house in 1988. It just sold for $2,150,000, which was $150,000 over list: https://www.compass.com/listing/4665-sunburst-road-carlsbad-ca-92008/789290225169590721/
The Covid Frenzy has had remarkable shift in market efficiency like we have never seen. Historically, we have had so many listings that 35% to 40% of them didn't sell. This year we had 977 listings hit the market in 1Q21, and 80% of them have already closed escrow! ...
There are so many projects underway in downtown Carlsbad that I couldn't get them all into one video - here's a start:
