I hear this speech live, and I've never been more inspired - and I'm no pushover:
Compass Leadership w/ Robert Reffkin
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Year: 2022
NSDCC October Listings
Next year, everyone will be talking about how mortgage rates in the 7s or 8s will be causing a lack of affordability, but I have bad news for those who still want to buy. There probably won't be many homes for sale. It will only take one or two headlines about the...
NSDCC October Sales, Preliminary
I've been hoping for 100+ sales per month the rest of the way this year. Currently, the October count is 108, so it should get up to around 120 sales by mid-November. Here are the monthly sales and pricing for 2022: NSDCC Detached-Home Monthly Sales & Pricing,...
Inventory Watch
Last week, the NAR reported that their Pending Home Sales Index for the west was down 11.7% month-over-month, but we are beating the odds. Today there are 144 NSDCC pendings, which is the same number as there were in the first week of September! It's likely that the...
Ultra Modern
Scottsdale Custom
Our good friends Gary and Cindy sold their house in Carlsbad and moved to Scottsdale in 2020. The house they bought in Estancia at Troon North was a super-custom 6,580sf 'elegant-rustic' that was painstakingly-built over five years. Somehow, the visionary original...
Open House Crimes
Bay Area Dependent
The biggest fear for the North San Diego County coastal region is a meltdown in Bay Area prices. It's been estimated that 50% or more of the buyers who were bidding up homes here during the frenzy are from the Bay Area, and Silicon Valley in particular. If prices were...
Over List, September
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC Average and Median Prices by Month Month # of Sales Avg. LP Avg. SP Median LP Median SP Feb 224 $2,298,797 $2,257,334 $1,719,500 $1,758,000 March 252 $2,295,629 $2,260,524 $1,800,000 $1,825,000 April 357 $2,396,667...
Going Back Again?
How bad was it back in the day? Will it ever get this bad again? This was my first REO listing in 2008. For comparison, the home next door sold for $482,000 about a year ago.
