In an effort to help readers find a replacement home, here are new homes near Tucson for sale! This development is out in the sticks but at least it's on the north side and on the way to Phoenix. They have several homes available, and they start as low as $307,900:...
Year: 2022
High-End Slump?
Here we go again with the click bait on the front page of the local birdcage liner. They also used a photo of the most prime real estate in the county, insinuating that a slump is underway there? Link here for the full article, and this is an excerpt: San Diego...
Headscratcher Of The Day
No surprise that our new listing found a buyer already. The one-story homes with all the extras are probably the most attractive buys in the marketplace, and anyone can sell these - it's just a matter of who can get what price. I had 200+ people attend the open houses...
Fed Hike and Mortgage Rates
The Fed raises their rate by 0.75%, and what happens? That's right, the conforming 30-year fixed rate went down this afternoon. Chairman Powell said again that intends to cause a reset in the real estate market, but our rates really shouldn't go up much the rest of...
Over List, August
The over-bidding is winding down to more manageable levels as just 24% of August buyers were willing to pay over the list price. As usual, the $1,000,000 to $2,000,000 range was the most active, where inventory is low and the number of quality homes for sale even...
Frenzy Monitor By Area
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. We’ve considered a 2:1 ratio of actives-to-pendings to be a healthy market. While other areas in America are reporting a surge of...
To Those Who Are Waiting
Here's more click bait on the front page of the local paper, and most people won't read any further - it's too easy to decide to do nothing, which is fine. Wait as long as you want, and we will see where it goes. It's a great plan if you're a buyer and don't care much...
Aviara Creampuff
7313 Golden Star Lane, Carlsbad 3 br + loft/2.5 ba, 2,593sf YB: 1996 HOA + MR = $125/mo. Lot size: 9,529sf SP = $1,750,000 - we represented the seller. Immaculate Davidson-built one-story with pool/spa, owned Solar, 3-car, putting green, and upgraded interior all on a...
Open House Report 2
I had another 80+ people attend my open house on Sunday, and a total of more than 200 people for the weekend. Virtually everyone who came was older, and the overwhelming message was that the buyer pool for one-story homes is large and they are hungry for product. We...
Inventory Watch
The number of actives is in decline, but the pendings are hanging tough! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The $0 – $1,500,000 Market: Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of Pendings Jan 3, 2022 9 $832/sf 35 36 Jan 10 9 $766/sf 28 29 Jan...