If the reason the housing frenzy stalled was due to higher mortgage rates - and then mortgage rates come down - shouldn't it ease the concerns? Unfortunately, the national doom-and-gloom is heavy and persuasive, and reliance on ivory-tower guesses can become a...
Check out Kate's Old-Spanish-style one-story listing on 2.27 acres in Olivenhain!
The graph above shows how the 2021 off-season wasn't off by much, with nearly half of the Nov-Jan sales closing over their list price. We probably won't see that happen this year! On the street, it feels like the off-season is already here, which is fine. The...
Inventory tends to be seasonal in nature, so we've probably seen the peak for 2022. We've probably seen the peak number of pendings for this year too! Today, there are only 151 homes in escrow, and in July we had 152 sales. It's feasible that we will have fewer than...
It doesn't do any good to lower your price if there are no buyers. Sellers of superior homes should wait it out and take their chances later....because the next selling season is right around the corner.
Our full-price buyers backed out of their purchase of my new listing in La Costa Oaks due to fear of fire. I was there in 1997 when the last fire blew through La Costa - you may remember me being interviewed by Susan Taylor on NBS that night - so I'm aware of the...
Yesterday I joined Molly of Real Talk Media for a couple of thoughts about next year's market: The key to market conditions will be the inventory - no surprise there. If there was a surge of newer McMansions for sale that were upgraded, well-presented, and had decent...
Whoever advertises the most, wins the game. I know agents who spend $25,000 to $50,000 per month! Aug. 4, 2022- Zillow, Inc. and Opendoor Technologies Inc. have announced a multi-year partnership that combines two category leaders to transform how people start their...
The MLS company in Washington state is looking to help with the transition of how buyer-agents get paid. I'm not sure the agents appreciate it though! Could this help sellers see that paying a bounty to buyer-agents would incentivize a sale? The NWMLS, with its...
There will be a few more late-reporters, but it looks like this year's July sales will be about half of what they were last year: NSDCC (La Jolla to Carlsbad) July Sales Year Number of Detached-Home Sales Median Sales Price Median DOM 2016 273 $1,100,000 45 2017 260...
