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...
Jim the Realtor
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...
Pick Two
There is a saying in real estate that buyers can pick two of three: Size, Condition, Location. I'm going to modify it slightly, because price should be in there. Home Buyers - Pick Two: Price, Condition, Location. If a buyer wants a home in fantastic condition and in...
Trendy Tuesday
KK's 2024 Home Gift Guide Hey there folks and HAPPY HOLIDAY SEASON! While some are still digesting their Thanksgiving turkey and leftovers, others have been busy shopping Black Friday and Cyber Monday deals. In case you're still searching for holiday presents, I...

Over List, November
Another month where the percentage of buyers who paid over the list price was around one out of five, while exactly HALF of the buyers paid at least $100,000 UNDER the list price! There were 11% of the sales where the listing agent also represented the buyer too....
Inventory Watch
Holy cow - it's December! The Spring Selling Season starts on January 4th - just 33 days from now! It will be here before we know it! The number of active listings is dropping fast now, and is getting closer to last year's count (373 vs 340). There were 452 actives...
Buyer-Agent Commissions, Nov
As of August 17th, home sellers are not required to pay the buyer-agent's commission. Listing agents are forbidden from mentioning any compensation being offered to the buyer-agents in the active listings, but the CRMLS requires that the amount that was paid is posted...
Monaco
Can you imagine living oceanfront and somehow they build condos right in front of you? Monaco's new district of Mareterra officially opens next month with some of the most expensive real estate in the world. Condos and villas designed by Renzo Piano, Tadao Ando and...
Tom’s Old Victorian
With a holiday weekend in full swing, let's take another look at Tom's old Victorian remodel in Grant Hill that we sold for $499,000 (full price) in December, 2011. https://www.compass.com/listing/405-27th-street-san-diego-ca-92102/856582987152297721/