Will my sale end up being a fluke, or are these prices sustainable? It will depend on how the homes are sold. This is another pending sale that will likely close above $3,000,000 too:...
Encinitas Ranch – The Comps, Part 2
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Month: November 2021
Encinitas Ranch – The Comps
When my listing of 1463 Paseo de las Flores hit the open market on October 18th, there had been three other properties that were providing guidance on price. The monster 7,277sf home at 519 Samuel had been in escrow for almost two months, and 628 Lynwood had been...
Seller Optimism Is Up
The frenzy has been making headlines for so long that potential sellers are much more optimistic now. The 2022 Frenzy could look a lot different (i.e., list prices that start too high with sellers expecting even more). Bold added: Realtor.com's survey of 2,583...
More on Open Bidding
We are wrapping up our sale in Encinitas Ranch, so I thought it would be a good time to comment more on the unconventional and remarkably transparent open-bidding process I employed to determine the winner. Here's where I described how it went down:...
Yun on 2022
Yunnie was in town this week, forecasting the safest bets like everyone else: Is the economy back to normal? It’s the question everyone wants answered as we navigate through a semi-return to normalcy amid the pandemic, and it’s the question Dr. Lawrence Yun, chief...
The Pretenders – Revolution
One of the greatest singer-songwriters of all-time. Bring on the revolution: As we watch the children play Remember, it was me and you So far away The things we got out to do The fond fear of danger That's what sets us apart Couldn't wait for the real world To test...
Casita In A Box
Thanks to just some guy for sending this in - a company that is mass-producing ADUs that start as low as $49,500. Elon Musk has been living in one for a few months so you may have heard of these by now: https://www.boxabl.com/
NSDCC Frenzy History
Can we learn from the past frenzy periods? We didn't have the huge price increases in 2001-2002 mostly because there was plenty of inventory to go around. It was more of a sales frenzy, which finally started to slow in 2004 as prices exploded. I left out the 2007-2011...
Mandatory Fire Inspection
The state has a new rule that any home that is within the Very High Fire Hazard zone must be inspected for compliance when selling. Each fire district has developed their own way to handle the requests, and Carlsbad charges $149 to visit the property and issue their...
Zillow 2022 Local Pricing Forecast
Zillow has been vilified for many reasons, but the one thing they have going for them is the viewer data for each area. If their 2022 projections are based on the number of clicks on listings, then their forecast should be a reasonable reflection of the actual demand...
