The 3,743sf active listing across the street has been listed for sale at $2,350,000 since June 10th - but still unsold. Next door to it was a 4,398sf sale that closed on June 21st for $2,385,000 (it was a rental and needed work). It was on the market for 28 days...
Now that buyers are being more cautious, we've seen how important it is now for sellers to spruce up their home and list for an attractive price. A third component is to not think that there are two in the bush that are going to offer hundreds of thousands over the...
Thank you Natalie for correcting me on yesterday's blog post - the second half of 2022 is well under way! Sales won't drop to zero over the next five months because people need to buy and sell, and hopefully all will be more diligent about the process and who they...
We are into the second half of 2022. Where do we go from here? Things we can expect: Sales are dropping and will likely be lower for 1-3 years. Mortgage rates aren't going back to 3%.....but they might hang around in the 4s. Until the capital-gains tax is drastically...
The Fed did what they said they were going to do and raised their fed funds rate target by another 0.75%. What happened to mortgage rates? They went down! Read the story here. Yes the -0.01% isn't much, but didn't every casual observer think mortgage rates were going...
We just sold our listing in Davidson's Starboard neighborhood of La Costa Oaks! 7535 Circulo Sequoia, Carlsbad 5 br/3.5 ba, 4,0000sf YB: 2005 SP = $2,250,000 - we represented the sellers. This newer Davidson Plan 2 has over $100,000 in custom upgrades! The...
Check out our new listing in Davidson's Starboard neighborhood of La Costa Oaks! 7535 Circulo Sequoia, Carlsbad 5 br/3.5 ba, 4,0000sf YB: 2005 LP = $2,295,000 https://www.compass.com/app/listing/7535-circulo-sequoia-carlsbad-ca-92009/1100461029264524393 The original...
Last week, we saw here how the number of July sales has been plummeting, and with three days to go in the month, we are now at 119 NSDCC sales - which means we will end up with around 40% to 50% of last year's July sales. We also hear about how inventory is rapidly...
Last month I guessed we’ll be 400+ at the end of the year, or about the same as February. If our local Case-Shiller Index drops 0.5% per month for the next seven readings, we'd still be in positive territory for 2022. We haven't had a negative MoM reading since...
Here's a look at the difference between the average price per square foot of the active and pending listings. Of those priced under $3,000,000, it shows how the more-expensive superior properties are the ones going into escrow - and the inferior properties aren't,...
