How does the current inventory of homes for sale compare to previous counts? NSDCC Active Inventory, Last Week of October: 2016: 962 2017: 805 2018: 1,000 2019: 909 2020: 590 2021: 277 2022: 399 2023: 371 They say you can't predict the future, but let's give it a go....
Year: 2023
Covid Buyers Now Selling
Could there be trouble brewing under the surface? Are there home sellers scrambling to get out with whatever money they can? Maybe get just enough net proceeds for the family to have a steak dinner at closing? It was like that last time.....but it's different now....
Hawks
As the local real estate market continues to defy the expectations of most observers, it's natural to wonder, 'who are these buyers?' Here is one story: https://robbreport.com/shelter/celebrity-homes/frances-bean-cobain-house-oceanside-san-diego-1235388535/ They paid...
10 Best Cities, Large and Small
Here are the two Top 10 lists for the best cities in America! You'll be surprised to see which city took the top spot! 2. San Diego Several years ago, travelers headed to San Diego might have wondered what they would do in the city, besides hitting the beaches. No...
Referral Fees
Paying referral fees is a standard practice in the realtor business. Are you thinking of moving to a new town and need an introduction to a realtor there? Your agent here will track one down for you, and that agent will pay them a referral fee, which used to be 20%...
Unaffordability in San Diego
Below is a graphic from a USD publication that shows how many people might do something about high cost of housing here. Unfortunately, the majority of people polled probably weren't the long-time homeowners who find it quite comfortable here and wouldn't consider...
Mama’s Pies!
This is our fifth year of participating with Mama's Kitchen in their annual fund-raiser, Mama's Pies! This is their 19th Annual Thanksgiving Bake Sale, where local bakeries and restaurants donate pies for pickup on Wednesday, November 22. Each pie sold will provide 12...
NSDCC October Sales
There have already been 101 detached-home sales close this month between La Jolla and Carlsbad! With five business days left in the month, plus the late-reporters, it means we should match last October's count of 133, and maybe even approach last month's 153 sales. Of...
Price Discovery
A good example of the places that could be undervalued is Terramar in Carlsbad. It's a neighborhood of 240 homes near the beach, and the living is so good that there is rarely any turnover. Without a flow of recent sales, who knows what the market will bear -...
Inventory Watch
The NSDCC median list price has been around $3,995,000 all year, and has been stuck there for the last three months. Homes listed above $4,000,000 tend to be custom homes which are harder to price, and their sellers tend to be more affluent and will want to test the...