The big yard probably sold this 1961 bungalow in Cardiff, and given the size of the house, it means that this could be land value in 2023:
Cardiff Bungalow
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Month: August 2023
Higher Rates = All-Cash Market?
Could rates get so high that it turns into a cash-only market? It's heading that way. Of the 118 closings this month between La Jolla and Carlsbad, 45% were all-cash, and it's competitive. My buyers made a cash offer that was $101,000 over list on this one and didn't...
Avocado Green Again?
Remember “avocado green” and “harvest gold”? If you were born before the Reagan administration, chances are your early years provided an overdose. Throughout the 1970s, these ubiquitous hues covered everything from station wagons to shag carpets—which is why by the...
Inventory Watch
The hurricane was like our real estate market. A whole lot of build up but not much real action around the coast, with the only things of note happening in the dark of night! Link to flood photos The Padres are cooked, and real football doesn't start until September...
Natalie Dancing at the Rose Bowl
The impending hurricane shut down the insurance business in San Diego County on Friday. We had a escrow scheduled to close, but it was postponed as new policies were suspended throughout the region. The same thing has happened when there has been an earthquake, and...
Hottest Markets
San Diego's market has to be as hot as any of these, and at a much-higher price point! The national housing market might be in a slump, but some areas are sizzling like a summer heat wave. For proof, look no further than the Realtor.com® June roundup of the Hottest...
140,000 More People Expected
They expect another 200,000 homes to be built in SD County? Where? MCAS Miramar? San Diego officials are expecting an end to the region's perpetual growth. Driving the news: San Diego's population is expected to peak in 2042, and then decline by about 100,000 people...
NSDCC July Sales
The median sales price of houses sold between La Jolla and Carlsbad last month was 13% lower than it was in June, which demonstrates how terrible it is for a gauge. Obviously, the houses sold are different each month. In July, there happened to be 35% more houses sold...
More Natalie in Las Vegas
Karol G was on the cover of Rolling Stone magazine this week, with a 5,200-word story (several pages) about her growing up in Columbia and becoming a major international superstar. Their tour of football stadiums in America began last Thursday with 70,000+ people in...
Great Wealth Transfer
From Leonard Steinberg at Compass: If you thought the $7 trillion Covid-linked stimulus was big, think again. It is pittance compared to the biggest stimulus that has started and will continue for the next 2 decades amounting to over $80 trillion! Reduced - and...
