I mentioned the strategy we employed on Avenida Sierra. After a low-priced new listing came on the market at $1,350,000 the day before we were going to launch, we lowered our list price from $1,595,000 to $1,395,000 to ensure that we were as attractive as any of the...
We knew at the beginning of June that we wouldn't get to 200 sales, just by the number of pendings: NSDCC June Listings and Sales Year # of Listings # of Sales L/S 2015 527 340 1.55 2016 513 312 1.64 2017 416 360 1.56 2018 476 299 1.59 2019 435 282 1.54 2020 448 274...
More on one of the proposals to spend the state's budget surplus. It doesn't make the homes any cheaper, so home buying will still be limited to the affluent who can afford the payments: First-time buyers often rely on family gifts to afford the down payments on...
Check out our new listing! 1938 Park Dale Lane, Encinitas 2 br/2 ba, 1,080sf YB: 1978 HOA = $325/mo. LP = $849,000 You can still buy a Village Park home in the $800,000s! This one feels like a detached-home too, and is surrounded by greenbelts. One-story, new flooring...
My guess is we'll be 400+ at the end of the year, or about the same as February. A flat-pricing environment is the easiest of all the choices for buyers and sellers - just sell for the same amount as the last guy. San Diego Non-Seasonally-Adjusted CSI changes...
It's exciting now! There is one thing we know for sure: Generally speaking, home sellers are not adjusting their expectations about price. The standoff will last another few weeks, and then the unsuccessful sellers will pack it in for the year. Don't be surprised if...
Huge turnout for my open house - more than 70 people! There were four open houses in the neighborhood each day, so the buyers were able to make plenty of comparisons. My guess? The two homes offering the best values will sell this week!
My new listing at 3534 Avenida Sierra, priced at $1,395,000, is one of six for sale in Lomas Serenas - four of which have listed in the last week. When you have a competition like this, you want to be the first one to sell and avoid a potential price war which could...
When evaluating how much to pay for a home today, I made the case with buyers that logically I'd like use the original list prices of comps . Those listing agents of recent sales nearby have probably used the over-bid prices of comparable sales, but at least those...
It would have been a good idea to launch the auction format on an industry-wide basis during the frenzy. But how about now? They are still a good idea because auctions bring transparency and certainty to the home-buying process, which buyers would appreciate and make...
