Today, there are 160 pending listings between La Jolla and Carlsbad, and 36 sales have closed this month so far - and currently, there are 470 active listings with a median list price of $2,997,000. It means that the July sales will be under 200 for the second month...
Month: July 2022
America’s Top States for Business
To rank America’s Top States for Business in 2022, CNBC scored all 50 states on 88 metrics in 10 broad categories of competitiveness. Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials. That...
MJ
Michael Jackson was only six months older than me, and I think there is a sort of kinship between those who are about the same age. So when we had a chance to see the play 'MJ' on Broadway when we were visiting Kayla, I jumped at the chance. Not only was it...
Trigger Lead
From a buyer who recently applied for a mortgage: Buyer: I've had about 40 calls since 7am this morning for mortgages. I didn't take any of them and most of them are leaving VMs and texts saying they got notified by Experian that my credit was pulled for mortgage...
Inventory Watch
The Big Standoff continued this week. Sellers are confident about their pricing, and refuse to budge much - and buyers are being very patient. There were 55 new NSDCC listings in the last week, and NONE of them have been marked pending yet! Pricing in the higher-end...
Edible Landscaping in Encinitas
Fox Point Farms is a new “Agrihood” community spanning approximately 21.5-acre in the City of Encinitas. The site will provide 250 new residential units, including a mix of 53 for-sale cottages, carriage units, and townhomes, as well as 197 apartments. Of these units,...
World-Wide Ice Cream Tour
One of our YouTube watchers suggested that in celebration of the big sale in La Jolla, I should go treat myself to an ice cream. I agreed!
List-Price Wrongness
We keep hearing about price reductions, but it's a miracle that the list pricing isn't worse! Consider: We've had a strong seller's market for 10-12 years - would we recognize anything else, let alone know what to do with it? There is no guidance or formula for...
100% Sold In Ten Days or Less
Here is a good sampling of the NSDCC pricing decisions made in May (mortgage rates started going up the first of April). The days-on-market are on the left. Days on Market: All 28 found their buyer quickly - only one took as long as ten days! Paid Over List: 21 of 28...
NSDCC Listings, First Half
The number of detached-home listings between La Jolla and Carlsbad has plummeted this year, compared to previous years. We saw the June counts (included again here), but how does the overall count look for the first six months of 2022? NSDCC Listings, First Half of...