One of the best videos ever to describe the frenzy conditions - it's cooled off a little since April, 2021!
2021 Frenzy
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Jim the Realtor
Over List, August
The trend of over-list sales is already heading for the off-season. There were just 36 sales (20%) that closed ABOVE the list price last month. Of those 36, there were 16 that paid $100,000+ over the list price. In contrast, there were 66 sales (37%) that sold for at...
Home Sales and AI
The AI - generated world is coming to real estate sales....soon! But is it a good thing for you? I can be reached at 858-997-3801.
Toll + Hotel
We knew that Toll Bros are building 42 homes next to the Chevron gas station on La Costa Avenue and the freeway. They are doing the same treatment as the builder did at Halia - burying the contaminants instead of removing: David Hill, a Batiquitos Lagoon Foundation...
Wait For Me
Between 1972-1974, Todd produced the first three Hall and Oates albums.
Agents’ Comments on New Rules
Lance asked how the new realtor rules were affecting agents - here are responses from around the country that I clipped from two different email threads. Thanks Lance!
SB 450
Building ADUs is one thing - being able to sell them separately would be a game-changer. To sell them, either the group needs to be condo-ized or the lot needs to be officially split. This new law says that if the governing entity doesn't approve your plan within 60...
Local Median-Sales-Price History
Scroll over the second graph to see how far we've come: BTW in March, 2010, the 30-yr fixed rate was 4.95%.
Inventory Watch
There are 170 listings that have been marked as closed sales for August (there were 198 sales in August, 2023) and the pendings count is higher than at the same time last year! This is the time of year when many sellers/listing agents give up and cancel, withdraw, or...
Zillow Appreciation Guesses
Since May, Zillow has been predicting virtually no annual appreciation locally. Living in Flat City mostly affects those who have purchased recently - it's tougher to move and/or refinance if the down payment was 20% or less. If you just want to lower your existing...
