My favorite pet peeve of the media insisting that 'home prices' and market conditions are interchangeable with the direction of the median-sales-price made the front page of the newspaper today....
San Diego County Real Estate, August 2021
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Month: September 2021
Phil
Inventory Watch
Over the last week there were 37 new listings....and 50 new pendings. Even though demand remains strong, we're just going to fade into the holidays - only because there aren't enough new listings coming to market! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC...
Out-of-State Price Premiums
One factor that will slow down the exodus is the increased difficulty of moving out of state - it's not easy, or cheap, to buy a home outside of California any more. But fewer people leaving will mean less inventory - and could ramp up the frenzy in 2022. The...
Talk of More Taxes
This might be the last straw for some homeowners who are already tired of the higher taxes in this state: https://californianewstimes.com/politics-report-bia-talks-new-tax/493057/ An excerpt: Environmentalists and union laborers are working on a ballot initiative that...
Senate Bill 9 Gets Signed
Governor Newsom signed SB 9 yesterday, but it won't change much because building an ADU is cost prohibitive. How many people need one bad enough that they would spend $50,000 to $100,000 and go through the hassle? Plus the number of available parcels will limit how...
Real Old Carlsbad
Here's my cruise through the original Carlsbad landscape:
Buying Opportunity?
These Instagram reels are a challenge just to see if you can say something of value in less than 30 seconds. Here's my attempt today:
Showings Are Down
Home buyers don't have much - if any - control over the process, which leads to frustration and disappointment. They don't have any way to cause more homes to list for sale, and the only way to eliminate the competition is to out-bid them, which can be even more...
Over List in August
The percentage of buyers who were willing to pay over list cooled a bit in August: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% July: 64% August: 55% There were 28% of the total sales that...
