Only 12% of the houses sold last month actually closed over their list price, which sounds normal. There were 51 of the 115 of the sales (44%) that closed for $100,000+ BELOW their last list price. The count of 51 broke down to 17 of 19 sales over $3,000,000, and 34...
San Jose is ahead of us, and San Francisco is about the same. As long as the Bay Area remains an obvious feeder into the better-valued San Diego-Carlsbad market, we'll be fine.
This is the first time that social media has had the chance to influence the real estate market, and as you can guess, it ain't pretty. There are no guardrails or qualifying of the author's opinion, and as a result, people get away with saying whatever they want....
A brief stroll down memory lane before reviewing a couple of new-home tracts coming next year: https://www.latimes.com/archives/la-xpm-2009-apr-02-fi-real-estate2-story.html
A few more articles like this should cause buyers to question whether pricing will get any better: Today, the Data & Analytics division of Black Knight released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and...
I hope it's obvious that it matters who you hire as your realtor - we're not all the same. It didn't matter much during the frenzy, because even an agent who kicked the crap out of the sale could still find their way to close over the list price. But not now. In...
Yesterday, I offered my take on pricing for the San Diego 2023 real estate market. For those who don't watch videos, I said the overall median sales price will be down 3% next year, with the superior-home sales causing a +5% median sales price among themselves. Where...
Let's get used to reading more 2023 predictions that give vague reasons why the national stats will be negative, with an extra thumping on the west: https://www.fixr.com/resources/housing-market-predictions
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Rick Palacios Jr., Director of Research and a Managing Principal at John Burns Real Estate Consulting, to talk about what to expect in the real estate market in 2023. Rick discusses the company’s...
Yesterday a guy said he wasn't interested in anecdotal evidence and just wanted to see the data. But we were talking about the buyer demand in 2023, of which we have no data yet. In addition, the data we do have doesn't have to repeat itself or be a trend, because...
