We taped this during the frenzy, and I conveniently forgot about it. It may have been due to price? It closed in April for 8% under list, which made it the most-expensive non-oceanfront sale ever in Carlsbad:
Lagoon Front
read more
Month: September 2022
Reverse Offer
The local market conditions appear to be getting worse every day, mostly because the headline writers and social-media experts are piling on now. What can listing agents do? When most agents are content to show their listings and then go wait by the phone, there are...
Biological Discoloration
We were discussing the "mold" found by a home inspector, who wasn't qualified to comment on the subject - though that didn't stop him from trying to scare the daylights out of the buyer just so he could CYA. I suggested that it was the garden-variety mildew that could...
SB 6 and AB 2011
Re-purposing commercial and industrial properties into residential developments is an idea that should have been fast-tracked years ago. Bills were signed by the governor yesterday, and they make it look like thousands of new homes will be built shortly. But there is...
Just Sold in Olivenhain
I am running short on videos - there are fewer homes for sale, and the list of homes worthy of a video is even shorter. We saw this one a couple of months ago, and it just closed on September 16th for $3,600,000, which was $100,000 over list. Knowing that, the video...
Hurricane is One More Deterrent
If mortgage rates around 7% weren't bad enough, today we are experiencing another major setback to the San Diego real estate market. Florida has been one of the main destination points for those moving away from here. How many people who were planning to leave San...
7% Is Here
Hat tip to Garry and Rob Dawg who predicted that we'd hit 7% this year, for the first time in over 20 years! It was in April, 2002 that rates were over 7%, back when the NSDCC median sales price was $635,000. This month it's $2,075,000! Rates have never doubled this...
San Diego Case Shiller Index, July
I mentioned in my very first blog post seventeen years ago that all it takes to achieve 20% to 25% annual appreciation is for everyone to pay a little more than the last guy. The same principle works in reverse too. San Diego Non-Seasonally-Adjusted CSI changes...
“Almost Ten Years Now”
The 250-agent brokerage where Kayla hangs her license has been acquired by the Agency, and they will have more TV shows available for their agents! Hopefully her hair flip will land her a role: View this post on Instagram A post shared by Kayla Klinge...
Who’s Left to Buy?
Graph from JBREC: Only 36% of current homeowners said they would move if rates were 5%+, Only 15% said they would move if rates were 6% or higher, and ONLY 7% OF CURRENT HOMEOWNERS WOULD MOVE IF RATES WERE 7% OR HIGHER. If the market of move-up and move-down buyers...
