Remember when we were impressed that our Case-Shiller Index was going up 3% to 5% per year? How do you like +27.2% YoY? The month-over-month increase was the lowest since January, so it will interesting to see if pricing starts to plateau. With inventory so low, the...
Our local home prices have been rapidly escalating over the last year. First, we ran out of NSDCC houses for sale under $1,000,000, and today there are only 6 for sale priced under $1,100,000! What are the alternatives for those buyers who want to spend less? Buy a...
Of the NSDCC listings priced under $3,000,000, there are way more pendings than actives (230 vs. 146). The Over-$3,000,000 category below has the most pendings (80) of all five price categories. There are only 88 NSDCC houses for sale priced under $2,000,000. The...
For those who might be thinking about my idea of renting your home for a year so you can defer the capital-gains tax when you exchange it for other(s), know that California is a tenant-friendly state. Just the denying of a tenant has potential consequences! We can...
It is already legal to add an ADU and a junior ADU to a property zoned single-family. Another bill has passed the California Senate that allows up to four units total - and to be able to create two parcels, which means they could be sold separately - if the owner...
This is a repeat of the 2br house featured on my tour a few weeks ago, with the resulting sales price. The agent admitted they priced this 2br house low on purpose to attract a crowd, and it worked. The list price was $699,000, and it sold for $1,100,000 cash....
A quick spin through the ultimate workshop that probably sold the house!
I said the other day that it will become hard to sell. But wait - isn't the demand overwhelming? Yes, but it's a price thing. It will be harder to sell.....at your price. Think of the pressure on sellers now. It was bad enough when the seller's ego had to endure the...
This is the second collection of clips I did for our Instagram Reels. Because they were done with a handheld camera, there is a little too much face here. It might be better to watch it from across the room! P.S. Are you getting these types of insights from other...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. The total number of active listings has dropped 14% over the last two weeks, with Carlsbad SE taking the brunt of it as the...
