If you want to stay closer to San Diego and don’t mind living in the desert, then check out the homes that Davidson Communities is building in Cotino, a master-planned community in Rancho Mirage!
Bill doesn’t have pricing on his homes yet but the community is selling in the high-$1 millions to low-$2 millions.
https://homes.storylivingbydisney.com/#/journey/package-exteriors
Two days left!
San Jose, CA, emerged as the fastest-moving market in the U.S. in February. A typical home there waited for a buyer for just 22 days, even though the median home list price in the wealthy Silicon Valley hot spot stood at an eye-watering $1.3 million.
No. 2 on our list of the swiftest real estate markets in the nation is yet another high-priced Silicon Valley tech hub. The largest city in California’s Bay Area, San Francisco saw its for-sale homes linger on the market last month for a median of 30 days, or less than half of the national figure.
A typical home in San Francisco during that time had a median list price of $899,944, down 9% compared with February 2024.
“Large coastal markets continue to see homes sell quickly as high-earning home shoppers flock to these business hubs,” says Hannah Jones, senior economic research analyst at Realtor.com.
Looking across the country to the East Coast, the historic city of Boston had the third-fastest market pace in the U.S., with just 33 median days on the market for a typical home, despite the relatively high price tag of $839,450.
“The East Coast markets have not seen inventory recover to pre-pandemic levels, which keeps market pace snappy,” says Jones.
Some 430 miles southwest of the famous New England college town, the nation’s capital of Washington, DC, saw the fourth-fastest home selling times in February, with a typical property staying on the market for a mere 34 days.
It remains to be seen whether the large-scale purge of the federal government, led by Elon Musk’s Department of Government Efficiency, would have a chilling effect on the DC real estate market in the coming months.
The latest data analyzed by Realtor.com economists and compiled in the weekly housing trends report revealed a rapid surge in for-sale inventory in DC, which has the nation’s highest share of federal workers, at 11%.
San Diego rounds out the list of the nation’s top five fastest-moving markets, according to Realtor.com data. A for-sale home in the beachside metro with a population of 1.38 million people, located on the border with Mexico, sat on the market for a median of 34 days last month.
The median list price in San Diego was $949,995, down 4.7% year over year.
“The West Coast markets are better supplied [than the East Coast] but continue to be highly competitive as still-strong demand keeps these markets moving at a brisk pace,” according to Jones.
Based on the Best Time To Sell report from Realtor.com, homeowners in San Jose, San Francisco, Washington, DC, and San Diego should be getting ready to list their properties by March 23 if they want to get a bigger payout, while taking advantage of higher-than-normal demand, less competition, and fewer price reductions.
Link to ArticleNSDCC Total Number of New Listings, Jan 1 to Mar 15
The number of listings hitting the market is higher than it’s been, and there will be more late-reporters adding to the 2025 count in the coming week or two.
I’ve been a regular customer of Rancho Photos since 2012. On Wednesday, for the first time in memory, they were completely booked for a photo shoot the next day. I really needed a shoot, so I went through my email trash to find the latest solicitation….and Insight Photos had availability.
Don, the owner, met me at the house, and we struck up a conversation.
His team of five photographers was booked for 19 photo shoots yesterday, which wasn’t his record – they set their record last Tuesday when they had 22 photo shoots! He said his monthly volume has been up +30% each month since December!
View this post on Instagram
Check out our new listing in Avaron (The Crosby-ish!)
15608 Rising River Pl. N, San Diego 92127
5 br/4.5 ba + office, 4,553sf
Lot size = 18,495sf (0.43-acre)
LP = $3,450,000
Open house Saturday March 22nd 12-2pm
Are you looking for an entertainer’s paradise, inside and out? This premier semi-custom estate on a quiet culdesac features 5 bedrooms (including a large en-suite downstairs perfect for MULTI-GEN) with 4.5 baths plus a detached casita for office or yoga retreat! Upgrades include plaster-wall treatments, hardwoods, classy quartzite kitchen counters, 48″ Sub-Zero, two Miele dishwashers, and huge walk-in pantry! Given its expansive lot size, there’s plenty of room for outdoor activities, and the layout is well-suited for hosting gatherings or enjoying some peaceful time outdoors. Award-winning schools are right around the corner too, highlighted by Del Sur Elementary, Design39, and Del Norte HS High School. Located in guard-gated Avaron, a community of 59 homes built in 2006 by renowned builder Standard Pacific. At $757/sf, it’s one of the best buys behind a gate in the whole 92127!
Watch this video of “Give Me Love (Give Me Peace on Earth)” by George Harrison.
Will there be a point when the unsolds start affecting the buyer enthusiasm? Will the unsolds impact the ability of the hot new listings to fetch top dollar? Or will all listings be affected, like in the photo above?
Buyers are finding it easier to forget all about the unsolds, and they won’t be coming back to lowball them later….at least not until the end of the year.
Will sellers lower their price? Today, sellers are thinking, “Hey, it’s only March, it will get better, later!”
At this rate, the percentage of stale listings will be into the 80s by the end of the month.
Everyone is waiting for “the market to pick up”, but it might be a long wait – longer than usual, and it might not happen at all.
Go all in – try to sell in the first two weeks when urgency is there!
Which sellers might have more luck getting lucky later?
If you have an older 1970s or 1980s two-story tract house to sell, then your chances of selling are lower, and you might have to ‘give it away’ – unless you go heavy on the recent improvements!
Agents get solicited 3-10 times a day by flippers who promise to pay cash for our fixer listings and pay us 3x commissions for the favor.
But they all want a 30% discount.
This new company has advertised a lot of TV so you’ve probably seen Dr. Phil offering to pay cash for your house – no commissions, no repairs, no showings, etc. They will even clean your house out, no charge!
But look how it has eroded already. They used to send emails to local agents to flip their recently-purchased properties to their buyers, but now they are just ‘wholesaling’.
Apparently they have taken advantage of an agent here who got her license in 1976 and convinced her to sell this home built in 1975 that backs to the I-5 freeway for enough under the list price that they think they can plug in a buyer to take their place and make a buyer-side commission on the deal.
What happened to them buying properties for cash?
Why are they sending this email to agents to find buyers that they can represent?
Seller beware!
The flippers provide a floor for the market, and it is very competitive between them. You may only have to discount a hot property by 20%, but it would be better to have me sell it for retail or retail-plus!
Although the auction format is a terrific way to sell homes, they haven’t caught on around here much. It’s more work (for the agent); they’re risky; they might backfire on you; and just the general unfamiliarity with the concept keeps them from happening much locally.
But in the one area where agents deliberately low-price homes and let the animal spirits take over is still booming. It’s probably not an accident that it’s still the most-expensive area in the country:
Generally speaking, each of the 2025 quartiles is lower today than they were last year, and the median list price is down to $4,000,000 – which is 11% lower than it was at the start of the year.
It’s because the lower end has been cooking, and the higher-end not so much.
There have been 309 homes sell or go pending since January 1st that were priced under $4,000,000, and only 69 homes priced above $4,000,000 have found a buyer.
Who cares – find the right house for you, and make the best deal you can.
NSDCC Number of Active Listings by Price Range
0 – $2,000,000: 52
$2,000,000 – $4,000,000: 156
$4,000,000 – $6,000,000: 87
$6,000,000 – $8,000,000: 39
$8,000,000 – $10,000,000: 24
$10,000,000 and up: 58
This is an area (La Jolla to Carlsbad) where the median sales price in 2024 was $2,400,000.
Get Good Help!
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
