'Deceleration' at +24.9% YoY compared to when our market was just ramping up for the year-end frenzy of 2020? I'll take it! San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg Jan ’20 264.04 +0.2% +5.1% Feb 265.34 +0.5% +4.6% Mar...
A primer on second homes vs rentals: Before buying a second home, it’s smart to know how owning a second property could impact your taxes. There are many second home tax benefits to consider, but they’ll vary based on how the IRS classifies the property — as a second...
The active listings are plummeting, but the pendings will not be deterred! We are setting up for an very active spring selling season, whether we have inventory or not. I actually hope we don't get a surge of new listings, and it forces the industry to adopt the...
Excerpts from this article about real estate soliciting - it's going to get crazier! Hat tip to just some guy: Jennifer Folden-Nissen's three-bedroom, Victorian-style house in Duluth, Ga., isn't for sale. But that hasn't stopped a guy calling himself Henry from...
During the inspection of the fixer in Olde Carlsbad, it was determined that further investigation was warranted due to the slope in the floor. A geologic engineer came out with his fancy altimeter and found that there was a 5-inch difference between the foundation...
From our family to yours, Happy Thanksgiving - we appreciate you being here!
Going into Thanksgiving. let's summarize the current market conditions....... San Diego's -51.5% (above) is still #1 on Bill's list of local housing markets for the largest decline in active inventory in October. The active inventory reflects the velocity of new...
Because I wanted to make the competitive bidding all about price, I was willing to live with the other terms in each buyer's offer. The winners included a $50,000 good-faith deposit in their full-price offer - which was a little light. Typically, the deposit is 3%,...
On February 27, 2019, our seller purchased 1463 Paseo de las Flores for $1,950,000. At the time, it was one of the top four highest-priced sales EVER in Encinitas Ranch, with two of the higher sales being $1,970,000 and $1,975,000 (plus a $2,100,000 back in 2005). I...
There have been more new pendings than new listings for four weeks in a row. This week's 54 new pendings is the highest weekly amount since the end of August! There are more pendings than actives today (232 vs. 229) and it's the week of Thanksgiving! At this time last...
