She got four offers on this one, and it closed for $1,945,000 cash and 10-day escrow:
Five Bedrooms Are Hot
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Month: August 2022
Mark Knopfler 2006
He's in the elite group of top guitarists and definitely one of the most underrated:
Hear It From Kayla
Kayla's brokerage is being bought by The Agency so they are rolling out new marketing: View this post on Instagram A post shared by Kayla Klinge (@kaylaklinge)
Inventory Shortage To Get Worse?
Buyers who worry that their money doesn't get them much these days will be bummed to hear that it's probably not going to change. The changes in the market forces are conspiring together to create less inventory, and a couple of big blows this year could really drive...
Hot Buy of the Week
My quick tour of the home that garnered ten offers:
Dead or Simmering Market?
Sales are down, and listings are sitting longer, so it would be easy to assume the market is dead. Buyers want it to believe the market is dead so they don't have to act. They are seeing everything though doom-colored glasses, which reinforces that it's a great time...
Do You Have the Guts?
The market will coast through the next few months, and then pick up during the selling season when both buyers and sellers decide to quit dancing around and just go for it (after they see others doing it too).
Inventory Watch
If there was a big surge of listings that weren't selling, then we'd know for sure that the local market was in trouble. But we got so spoiled by the super-frenzy conditions last year where everything was selling right away that we forgot what it's like during a...
Del Mar Mesa New
For new homes, it's mostly just infill projects now in the prime areas so even the big boys are looking for smaller projects. It looks like Toll picked this up for $12 million last October, and they are going to build 4,765sf to 6,036sf houses that are the same or...
Prediction on SD Pricing
These guys are among the most negative in the business, so if they have San Diego County home prices changing -3.65% between now and the end of 2023, and then -2.9% by the end of 2024, then prices in the better areas will be positive. The most likely to happen is that...
