How do buyers decide how much to pay over the list price? These days, the standard seems to be around +$100,000 over the list price, with a few outliers.
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
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Laker Joe speaks the truth when he predicts that people will be leaving San Diego to buy property and raise their families elsewhere, where they can actually afford a home. Saw this happen regularly during the last bubble era. It was actually a bummer.
I have my doubts that these price levels will be sustained/increased as we get into the 2026-2029 period.
I would agree.
I doubt we will have a boomer-liquidation event, where home values plummet all at once.
More likely to trickle down over a number of years.
As for having a house on a golf course that is unlikely to be hit by an errant golf ball….well, you haven’t seen me play!