https://www.calculatedriskblog.com/2021/11/2nd-look-at-local-housing-markets-in.html Our drop in inventory is the most pronounced of any area in the country. During the previous peaks in pricing, more homeowners would gladly sell for a record price.....and parlay...
Hat tip to my sister Kathy for sending this in! Rancho Santa Fe is up to #18 with a 26% YoY increase in median sales price: https://www.propertyshark.com/Real-Estate-Reports/most-expensive-zip-codes-in-the-us
They took a little less than the list price here, but it still sold for $4,300,000 - which was $1,821,500 more than the sellers paid in July, 2019:
This forecast suggests that prices would still be cooking in 1Q22, but once the spring selling season gets rolling, the median prices will level off? It would take a flood of inventory to pull that off. They blame rising rates, but when that happens it usually causes...
Another bummer for those who value the quaint old downtown - especially the donut lovers! A multi-tenant retail center in Carlsbad Village has been sold for $7.36 million, according to brokerage officials. Benchmark Pacific Ltd. II, represented by Commercial Asset...
This 1964-built single-story home listed for $1,249,000 - the buyer paid $1,500,000 cash.
There have been several sound bites lately about the prognosticator who called the last bubble - and at first glance, the headlines want you to think that she is calling the top again. But she's not - all she said was that housing production is going full steam - an...
Last year at this time there were 272 active listings of detached homes priced under $3,000,000. Today, there are 89. Of those, there are only 47 active listings under $2,000,000. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC (La Jolla to Carlsbad) Under...
Yesterday's open house ended up being anti-climatic once a motivated buyer adopted the swamp-the-boat strategy, which I highly recommend. We had five offers by the end of Friday, and could have generated another 5-10 offers easily and probably ended up at, or close,...
We had a huge turnout at the open house yesterday - more than 100 people showed up, which made me think I should include Friday open houses for every listing! We've already received two written offers, and there should be a few more by the end of today. I plan to...
