Check out our new listing in Davidson's Starboard neighborhood of La Costa Oaks! 7535 Circulo Sequoia, Carlsbad 5 br/3.5 ba, 4,0000sf YB: 2005 LP = $2,295,000 https://www.compass.com/app/listing/7535-circulo-sequoia-carlsbad-ca-92009/1100461029264524393 The original...
Last week, we saw here how the number of July sales has been plummeting, and with three days to go in the month, we are now at 119 NSDCC sales - which means we will end up with around 40% to 50% of last year's July sales. We also hear about how inventory is rapidly...
Last month I guessed we’ll be 400+ at the end of the year, or about the same as February. If our local Case-Shiller Index drops 0.5% per month for the next seven readings, we'd still be in positive territory for 2022. We haven't had a negative MoM reading since...
Here's a look at the difference between the average price per square foot of the active and pending listings. Of those priced under $3,000,000, it shows how the more-expensive superior properties are the ones going into escrow - and the inferior properties aren't,...
The traditional spread between the 10-year Treasury Yield and the 30-yr fixed mortgage rate has been 1.75%. Today it is 2.7%, which sure makes it look like the next Fed increase is already priced in. This week, we will see if mortgage rates will moderate and stay in...
The biggest barrier to prices going down is that sales are needed to prove it. Back in the old days when we had foreclosures, the banking rules forced lenders to keep selling their REOs, regardless of price. But who or what is going to force regular homeowners to sell...
SB 1105 has already passed in the state senate, and is being debated in the assembly. According to C.A.R., it will 'grant vast, unchecked, taxing and bonding authority to an unelected Housing Agency Board in San Diego which would consist of 6 appointed...
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. In the recent years prior to the pandemic, the actives/pendings in Rancho Santa Fe ran at a 10:1 pace. Nobody is in a hurry...
Check out our new listing of a turnkey newer one-story home in Scripps Ranch! 11684 Petenwell Rd., San Diego 92131 3 br/2 ba, 2,207sf YB: 1996 HOA = only $42/month, and no Mello-Roos LP = $1,695,000 We will be open 12-3pm this weekend!...
The doomers are hoping to drive the real estate market into hysterics, just for fun. It's easy for buyers and sellers to get caught up in it too, and think the sky is falling. Let's identify the terms, what doomers want you to believe, and the truth: Inventory Surge...
