Here are the Zillow estimates of appreciation over the next year - all are back into positive territory! If they are reading it correctly, it means they will have more increases coming over the next couple of months before the appreciation rate relaxes during the...
Month: May 2023
Frenzy Monitor
Here's another example of how the frenzy has taken a different path in each area. Carlsbad, Encinitas, La Jolla and Rancho Santa Fe are rolling along with about the same or more pendings than last month - which should have been the peak - but the wheels have come off...
Is Housing A Constitutional Right?
If you are contemplating a move out-of-state due to politics....you're going to love this: Despite Gov. Gavin Newsom’s historic commitment to ending California’s housing crisis — and the administration’s arm-twisting to try to make local jurisdictions do the right...
Inventory Watch
The inventory has been so low this year that any excess hasn't been noticeable....until now. In a hot market, the additional listings will get picked up by the stronger demand. But there will be a point when excess listings start stacking up. You can't blame it on the...
Happy Mother’s Day
To moms and grandmas everywhere, Happy Mother's Day!
La Costa Valley Plan 4
Tracey allowed me to video her new listing in La Costa Valley if I promised to bring a buyer who saw it here! Open Sunday 1-3pm: Two new listings and a $20,000 price reduction in the LCV. It will get even more exciting next weekend!
Towns With High-Growth Projections
Although the housing market is often spoken of in aggregate, variations and pricing and market performance can be very localized. For example, according to data from Zillow, the anticipated one-year growth rate for homes prices in the U.S. as a whole is 1.7%, with a...
Del Mar Lot Auction in 2010
Textbook example of how to run an auction - hit 'em fast and furious in the beginning to get bidders to jump, and hope for the best. It worked beautifully too, because I'm not sure there was more than one bidder. P.S. Carson Palmer was the buyer - he built a big...
Online Selling Tips
Sofia at Porch had several realtors tackle different topics of the home-selling business: https://porch.com/advice/home-sale-online-tips
Plunging Inventory
Last April was peak frenzy, and a main contributor was the lack of inventory....and there were 48.2% fewer listings last month? Holy Cow! This is primetime selling season and if there aren't homes for sale now, how much worse will it be the rest of the year? Here's...