Well, the way it's been going, it was bound to happen! At least this house was fully remodeled, had a guest house (with double-tap kegerator!) and large pool all laid out nicely on a half-acre lot in the Ranch. This is the one I featured previously with the dozens of...
Month: March 2022
The KRG Minor Tune-Up
It can't be said strongly enough how important the visual impact is to selling houses in the Frenzy of 2022. The action is so fast, and with major life-changing decisions being made in minutes, that it is smart for sellers to take advantage and maximize the appeal...
Jim’s 10,000th
Check out our new listing in Carmel Valley! 13010 Brixton Pl., Carmel Valley 92130 3 br/2.5 ba, 1,804sf YB: 1989 LP = $1,750,000 Location is everything! Enjoy this end-of-culdesac gem that is just steps from Torrey Pines High School (so close you won't need to buy...
Impact of Higher Prices & Rates
Everyone is worried about rising rates, and their impact on the future of the market. The combination of higher rates AND higher prices is dramatic when compared to just a year ago. Here is a comparison between the NSDCC closed sales between Feb. 1st and March 29th:...
San Diego Case-Shiller Index, January
The prognosticators said prices would soften in 2022, but instead they have 'reaccelerated'. Now the guessers are expecting the higher mortgage rates to slow down the runaway train - see below. San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI...
Inventory Watch
Bill says that the national inventory bottomed in the beginning of March, but locally the raging demand is picking up the additional choices. This should be a big week for closings, so we'll see how it balances out next week, but statistically the trend of pendings...
Iconic Raceway
There is a movement to build a lasting monument as a tribute to the thousands of racers and fans! You can get involved here: https://www.facebook.com/carlsbadracewaymonumentproject/
Frenzy Cruise 3
Donna asked what sellers might think about his video. I hope they think that old Jim the Realtor is tracking the market closer than anyone and would be the ideal listing agent because of how he is able to utilize this research to take advantage of the market at hand:
San Diego Overvalued?
Alternative headline: "Four areas so affluent that home prices and incomes are completely disconnected." Comparing the median sale price to house-buying power in all top 50 markets reveals that 4 markets are considered "overvalued". "Overvalued" is defined by a market...
Oceanfront Bachelor Pad
Before announcing their shocking divorce, Bill and Melinda Gates reportedly shelled out a whopping $43 million for an oceanfront estate in San Diego — the latest hot spot in California. But it looks like Gates, 66, is the one to snag the idyllic property for his own...