Month: May 2023
Subdued Frenzy
We closed escrow yesterday in La Costa Valley! The seller is a bubbleinfo reader so obviously we have analyzed our results carefully over the last month. We felt that we did everything right in preparing what we thought was a superior home in the tract and utilized an...
Over List, April
The fascinating phenomenon of paying over the list price continued last month. The practice is fairly unpredictable and doesn't appear to be rooted in reason and logic, mostly due to the lack of uniformity in the presentations. If every property was tuned up nicely...
Olivenhain New Hilltop Home
No surprise that a brand-new chic ultra-modern home would sell for all the money. This is the sixth house in Olivenhain that has sold over $5,000,000 since the pandemic started:
New-Listing Update
Four offers have been received and two more are promised by noon today! It means the highest-and-best round is next, and late tomorrow I'll conduct the slow-motion auction to determine the winner. Because I told everyone that we will do a highest-and-best round and...
Inventory Watch
Of course the minute I say that the inventory is going to stay low, it takes off. The normal graphs aren't working so I drew the changes on last week's graph above. The number of actives increased by 8% in one week! You don't see anybody giving them away either, so...
Here’s What’s Coming
I could not feel more certain about this conclusion:
Final Product Review
Let's be realistic, shall we? It's the original roof, three original bathrooms that look like $60k-80k to fix, original furnace (no A/C), only half of the windows were replaced, no solar, no pool, no spa, no backyard improvements at all - the skimpy old BBQ is a...
Best Small Towns to Retire In SoCal
Fallbrook is worthy of consideration - where it feels like you're out of the SD suburbia: https://www.worldatlas.com/cities/the-best-small-towns-to-retire-in-southern-california.html
Home Valuation Accuracy
Here's a tip about the automated valuations. We know that Zillow and Redfin automatically adjust their estimates to within a couple of bucks of the list price once a home goes on the open market, making their estimates worthless to the reader. But Realtor.com doesn't....
