Mark is one of the best appraisers in the county: The median sales price for a detached home in the county continues on a seasonal climb. According to our MLS (depicted on the chart below) the median detached home price in March was $934,500. While the median price is...
Month: April 2023
Home Staging, 2023
Staging makes it easier for buyers to visualize the property as their future home, both online and in person. We are able to blend staging with your existing furniture too, so you don't have to empty out your house....unless you want to! Here is a link to the NAR 2023...
Frenzy Monitor
We are in the middle of the home-selling season, which means this will be as good as it gets for 2023. The balance of buyers and sellers has been remarkably steady. Over the last 90 days, the number of active listings has been in a tight 10% range, and the pendings...
Joe Strummer Last US Concert
This was sadly to be Joe Strummer's last public performance in the United States before he passed away on December 22, 2002 at age 50. He died from a heart attack caused by an undiagnosed congenital heart defect, and was found by his wife at his home in Broomfield,...
Appraisal Gap
Hat tip to our seller who noticed a new paragraph in the counter-offers this year that went undetected by everyone I know - and we go to the Forms Update every year to hear about changes! Paragraph 1C in the counter-offer identifies the Appraisal Gap: When we first...
SD Cash Sales
Wondering how the local market can survive higher mortgage rates? It starts with the cash buyers laying the foundation of comparable sales, and financed buyers deciding if they can keep up. Thanks to Julie Chang for posting this data - her thread of comments here:
San Diego Active Inventory
Here is Bill's second look at the active inventories with more metros added. It is incredible how inventory is exploding elsewhere, yet San Diego has fewer homes for sale now than during last year's uber-frenzy. The Atlanta metro population is 6,144,050 which is...
Market Check
The recent bounce-back has been impressive with 183 NSDCC closings in March, which is better than the sluggish start that I expected. The 101% looks like a good sign too. Was it an overall market improvement that will keep growing? Or just a lucky stretch of...
Inventory Watch
While the number of NSDCC active listings has been as steady as anyone could imagine (above), the median list price has been climbing rapidly this year: January 9th: $3,495,000 April 10th: $4,074,997 The NSDCC median list price has risen 17% in three months! With...
Optimal Results
Even though our new listing had several features that are highly desired by today's buyers (end of culdesac, big flat grass backyard, quiet, and owned solar), we went all out in the presentation and advertising. The sellers went beyond our recommendations in tuning up...