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...
Jim the Realtor
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/
JtR and AI
Thank you for being here! I do this blog mostly to educate myself about the current market conditions, and I figure that I might as well publish the information I find for all to see. Including the bots. With artificial intelligence scanning the internet for new data...
Happy Thanksgiving!
We are eternally grateful for all the generous support of Mama's Kitchen. This year we distributed 92 pies and had another $1,700 in contributions that will enable Mama's to provide about 1,740 medically-tailored meals to the critically ill in San Diego!...
Turkey
Money will fix everything that's wrong here - this listed for $1,800,000, and after a couple of false starts, it was sold by the estate of the original owner from 1978 to an investor for $1,685,000:
Thanksgiving Checkpoint
It's just one example but how about this - it's also our fifth sale since election day. An old guy once told me, "The market is as hot as you want it to be!"
San Diego Case-Shiller Index, September
The year-end slide of the local non-seasonally-adjusted Case-Shiller Index looks like it will last twice as long this year. In 2023, it was a relatively-brief three months, but this year the pricing turned in mid-summer. Expect the same result in 2025 - the prime...
Inventory Watch
Sellers are starting to cancel for the holidays....especially on the higher-end. But I get the feeling they will be back in 2025 - especially if the pendings count keeps rising! There have been 97 closings this month (106 last November), and they look healthy compared...
Open House Report
https://youtube.com/shorts/Gcqrvlt5vbk?si=ENE4nCWIHc4Rj8UK