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...
Year: 2021
Old Carlsbad Starter
If you have vision and can add your own kitchen and bathrooms to create your own masterpiece on a large 7,500sf lot with RV parking at the end of the culdesac, then check out our new listing!...
Mid-Century Not Modern
This is literally the least-expensive house in Carlsbad today! if you have vision and can add your own kitchen and bathrooms to create your own masterpiece on a large 7,500sf lot with RV parking at the end of the culdesac, then check out our new listing!...
Blind Bidding vs. Open Bidding
It happened again yesterday. I got the Dear John letter from a listing agent. This one was somewhat unusual though. I always ask a listing agent how they will handle multiple offers, and 100% of the time it's some version of spreading them out on the coffee table and...
NSDCC Frenzy Monitor
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Given how inventory has been dropping significantly, it is impressive how many pendings there are: We had 400+ pendings from June...
The Razor House – Alicia Style
For more than a decade, Razor House, the stunning cliffside mansion by architectural designer Wallace E. Cunningham in La Jolla, California, has alternately been described as a “magnum opus,” an “architectural masterpiece,” and “America’s coolest home.” But since...
Zillow – What’s Next?
Mike pointed out that Zillow simply kept paying too much for homes, and instead of adjusting on purchase prices being offered, they shut it down yesterday. But Zillow is too big and too aggressive to rest. Here's what Mike thinks could be next: While Zillow 2.0 may...
Solana Beach Penthouse
Zillow Quits Home Flipping
If you can't make a profit flipping houses in this market, well then yeah, you should probably stop (hat tip G.A.!) Real-estate firm Zillow Group is exiting the home-flipping business, saying on Tuesday that its algorithmic model to buy and sell homes rapidly doesn’t...
2022 Forecasts
Let's gather the forecasts for 2022 - here's a start: Forecaster Existing-Home Sales Pricing Fannie Mae - USA -7.5% +7.4% Freddie Mac - USA +7.0% MBA - USA +5.3% +5.2% NAHB - USA -10% NAR - USA -3.2% +2.8% CAR - Calif -5.2% +5.2% Zillow - SD +21.3% CoreLogic - SD...