April felt busy though we had no new listings (the La Costa Valley listing hit on March 31st). Thankfully, there are more to come:
Mid-Selling-Season
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Month: April 2023
Where to Move
For those who are leaving San Diego and want to know where the best deals are, here are the metro areas ranked by their Freddie Mac HPI change from the peak: Or how about a river town? https://www.worldatlas.com/cities/7-most-charming-river-towns-in-california.html
Carlsbad Modern Sold Again!
This closed for $1,300,000 in April, 2019, and then sold again this week for $2,270,000 - almost a million more in just four years! https://www.compass.com/app/listing/3312-james-drive-carlsbad-ca-92008/1267594068434581625
Blame Bubble on the Millennials Now?
The doomers will love this article but no mention of heirs living in their inherited family home, instead of selling it - which around here should be a significant group: Millennials are fueling a generational housing bubble that's set to burst over the next decade as...
More Behind the Scenes
I like to promote my listings at the local broker meetings, just in case someone might have a buyer. It would be really beneficial if the big agents attended these meetings and participate like they do in La Jolla - the camaraderie alone is worth it. Then the open...
More Homes on the Market Act
Congressman Jimmy Panetta (Monterey, CA) and Mike Kelly (PA-16) introduced H.R. 1321 - More Homes on the Market Act - which would double the capital gains exemption on the sale of a personal residence to $500,000 for a single filer and $1,000,000 for joint filers....
Chickenbone Slim & the Biscuits
Coming up on Saturday, April 29th! Here's how they sounded last year: https://www.adamsavenuebusiness.com/event-info/adams-avenue-unplugged/
Inventory Is Bleak!
For the buyers who want to live in a master-planned community with good schools, how bleak is it? No one will be surprised to see the newer tracts hunkered down for another decade or longer, so let's look at the older communities - those that are 20-25 years old....
Seasonal Changes in Median Price
Bill charts the seasonal flow of the national median home price below: His full article: https://www.calculatedriskblog.com/2023/04/the-normal-seasonal-pattern-for-median.html San Diego County doesn't have the drastic weather changes which impact sales in other parts...
Up or Down?
We know that 80% of readers don't go past the headlines, so the UT is challenging their customers lately to figure out the direction of the real estate market. These are their headlines from the past two days: I have reached out to the author previously, but no...
