This sold for $6,000,000 cash (5% over list) and 7-day escrow:
Neptune With Stairs
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Month: March 2022
2022 Stats, La Jolla to Carlsbad
The NSDCC detached-home stats in the Jan 1st-to-March 15th period are remarkable: Year New Listings # of Sales Median List Price Median Sales Price Median DOM 2016 1,194 436 $1,146,450 $1,102,792 58 2017 1,040 459 $1,239,500 $1,200,000 53 2018 1,102 420 $1,327,000...
Waiting Until Later
We are in the midst of the fastest increase in mortgage rates in history. It was only 6-8 months ago that home buyers were financing their purchase with a 30-year fixed rate in the twos. Now they are in the fours! We had the lowest rates ever due to the pandemic. They...
Spring Break
Real estate practices have been evolving with the frenzy. The market used to be lively seven days a week, but that's gone away. Looking at homes during the week is futile now, because the new listings tend to hit the MLS on Thursday or Friday with NO SHOWINGS UNTIL...
Compass #1 in San Diego in 2021
Compass has been in business locally for four years! Last year, we averaged 7.5 sales per agent. It's remarkable how Compass and eXp came into a rather staid and unchallenged brokerage environment and hired away nearly 2,400 productive agents so quickly.
Inventory Watch
Numerically, the inventory isn't getting any better yet: NSDCC New Listings between March 1-15: 2018: 228 2019: 277 2020: 221 2021: 199 2022: 120 There will be a few more added to this year's total but the homedemic continues - without additional inventory, the market...
Spring Clean
Hat tip Leonard @Compass: Today is the last day of Winter 2022, and as Spring arrives, consider the following: 1. Clean up winter debris, old leaves, fallen branches, etc. 2. Check your roof. Winter winds may have caused damage that requires your attention. 3. Clean...
Plane Pod
"We really didn't intend selling them," says Kevin Regan over the phone from the northwest of Ireland. Converting a slice of airplane into a sleek and durable home office had been a personal project in 2021, but after his sister-in-law put photos of the cabin on...
Downside Sticky
Even though we are racing towards mortgage rates in the 5s (should be there by summer), there won't be much adjustment by sellers because they aren't going to give it away! “We learned house prices are... ‘downside sticky’ which means sellers would rather withdraw...
Best California Towns to Buy a House
Here are the best California cities in which to buy a home - Carlsbad is #8! All of the demographics plus hundreds of reviews of each town too: https://www.niche.com/places-to-live/search/best-cities-to-buy-a-house/s/california/
