Some homes are selling for less than their list price! The original list price was $4,925,000 and this just closed for $4,226,625 for 6 br/6.5 ba, 6,031sf on a 37,026sf lot. Buyer had a license so they discounted the price instead of taking the commission:
I guessed that we'd have 5% more NSDCC sales this year because I expected a surge of delayed sellers who would finally come to market in order to cash in on the record pricing. But it's not happening, at least not yet. The number of NSDCC listings for the first two...
The TinyFest comes back to the Del Mar Fairgrounds this weekend, starting at 10am. I'll be in search of ADUs that can be fully installed at home for a reasonable cost - here was my tour from 2020: https://www.tinyfest.events/at-the-festival-san-diego-2022/
Rising rates may discourage the regular home buyers, but they aren't the market-makers. All that matters is how many of the desperate-buyers-full-of-cash are left, and with the new listings trickling in, we only need a few! It's Thursday and thus time once again for...
The key part of this value is being located next to a more-expensive Davidson tract:
The owner-occupiers are the crazy bidders, not the investors, so this will have no impact on the current frenzy: House flippers could be taxed 25 percent of their profit under the California Speculation Act, a bill introduced by Assemblymember Chris Ward, D-San Diego....
Instead of dancing tonight, let's take a ride with the Blue Angels:
Of the NSDCC detached-home sales in February, 60% of them closed above their list price. The majority of buyers are doing it, and we can expect the trend to continue! But how much over? Here are five recent sales that demonstrate the insanity:
Instead of pushing a Code of Ethics that is 109 years old and is unenforceable, the National Association of Realtors should do the same thing and require a similar bill of rights. Besides, once you ban blind bidding, then open auctions would evolve naturally!...
This is the third sale that has closed since I set the ER sales-price record of $3,760,000 in November. This just closed for $2,900,000, which was $25,000 under list. For those who are wondering about future prices, this should be an example of the range to expect as...
