The holiday season is truly my favorite time of year! I love spending extra time with family and friends, decorating my home, exchanging thoughtful gifts, and taking time to reflect on the past year while dreaming up plans for the future. These traditions fill me with...
Jim the Realtor
Empty-Nester Threat
They are saying that in the expensive coastal markets there are fewer empty-nesters, but they base that opinion on the percentages? The San Diego metro of 3.3 million x 13% = 429,000 empty-nesters sounds significant to me! Some have suggested that empty nest...
Inventory Watch
Some of the active home sellers aren't detecting any reason to stop trying. With 45 new listings in the last week, we're back up to 401 NSDCC houses for sale - what off-season? If you haven't cancelled your listing by now, you're plowing through Christmas and into the...
The Old Days
Back in the 2008-2010 era the market was quite different. I did a bunch of videos during the downturn, and ended up with 435 youtubes that had 1,000+ views! These days, I'm lucky to get 100 views. This was a typical example of videos I did around Carlsbad. The big...
Best Cities in the World
According to this list, San Diego is only the #46 best city in the world - and they even have St. Louis and Houston ranked higher! You can do better - here's the list (London is #1): https://www.worldsbestcities.com/rankings/worlds-best-cities/
Mortgage Rates Improving
Nice improvement in mortgage rates recently. You can get into the low-6s again by paying a point or two! In the last 90 days, there have been 433 sales between La Jolla and Carlsbad, and the median days-on-market was 26 days. More than half sold in less than a month,...
Inventory Surge in 2025
My Reasons Why NSDCC Inventory Will Surge in 2025: 1. Been trending that way - there has been 15% more NSDCC homes for sale this year than in 2023. 2. Since October 1st, there have been 90 more listings that cancelled than last year. They'll be back! 3. Prop 19 was...
New Senior Housing in Covenant
This property was listed for $18,995,000 in 2020 but it didn't sell. It looks like these guys picked it up for $6,000,000 (at least that's the price on the tax record). A proposed 160-unit retirement community intended to bring needed senior housing to Rancho Santa Fe...
John Lennon
Today an innocent man was gunned down in midtown Mahattan, and it reminded me of John Lennon who was killed nearby on December 8, 1980. I'll never forget listening to Jim Ladd on KLOS that night playing every Lennon song imaginable to pay respects. BTW, the war is...
2025 Price Forecasts
As usual, the pricing forecasts for next year are varied. How do we know what to expect? The average and the median is +3.55%. Two entities picked +2.3%. Just go with the highest at +10.8%? Moody's, the leader of the Doom Squad, just couldn't say flat. They had to go...