The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at the health of the market in their neighborhood. We've considered the market as healthy when there has been a 2:1 ratio of actives to pendings. All areas...
It might feel a little soft in other places, but the newer Davidson homes are always going to be popular. Here's an example in La Costa Oaks where two model-match homes sold a month apart and both fetched a similar premium. Here's how the second one looked:
And only three for sale under $1,100,000! It's not the end of the world, though. It's not even the end of homes for sale under a million - there will be others. But it is the velocity of the frenzy that is astonishing. Detached-Homes For Sale Under $1,000,000 Between...
What's your prediction on local home-price appreciation over the next year? Here's what Zillow thinks - they sent these to me over the last three weeks: La Jolla: Del Mar: Carmel Valley: Rancho Santa Fe: Encinitas: SE Carlsbad: SW Carlsbad: NW Carlsbad: NE Carlsbad:...
We are in the midst of a real housing crisis. The rapidly-increasing home prices are exacerbating the problem too - especially for existing homeowners who had hoped to move up. If you paid $500,000 for your house and now it's worth $1,000,000, you need to spend...
The market is looking fairly steady above, with no dramatic movements over the last couple of weeks. The variant should shut down the enthusiasm some day soon, which will probably cause the market to come back more swiftly once it clears. Maybe we'll have a fourth...
A few looks at Carlsbad open houses yesterday:
I saw this happen three times this week, and it's probably a sign of the times. A listing goes pending for a day or two, then comes back on the market at a higher price. They are most likely the bidding wars that failed. The seller/listing agent took what they...
This is a partial clip of my appearance on the Derrick Evens show today. His full 14-minute version will be here on Monday - without the pregame banter. Hopefully his camera angle is more forgiving:
