Jim the Realtor

NAR Settlement Results

The NAR settlement went into effect on August 17th of last year. How's it working? I heard this story from another agent - it didn't happen to me. A home has been on the market for a couple of weeks, listed for $1,200,000. An offer was received at $1,220,000, and it...

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Under List, April

I give the Over-List sales plenty of attention. How about the Under-Lists? Most buyers today (55%) are paying under the original list price. Back in the 2022 frenzy days, only 12 of 142, or 8% of the sales under $3,000,000 sold for less than their original list price...

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Inventory Watch

Another 82 new listings between La Jolla and Carlsbad hit over the last week. It's the highest weekly total since July, 2021. Today there are 524 NSDCC active listings - the most in 5+ years! The flow has been fairly orderly though. The number of pendings increased...

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Over List, April

April is usually a contender for best statistical month of the year. In 2023, April lost out to May for the highest percentage of sales that closed over the list price, and last year's early start had March be the year's winner in the category - with April in a close...

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Anthem, AZ

On Saturdays, I try to suggest suitable places to move, in case readers are wondering where to retire. But for those who want to work and get into the AI craze, Phoenix is a relative boom town. The Taiwan Semiconductor Manufacturing Company (TSMC) took another major...

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AB 942 Solar

Home buyers have been getting the worst of it lately. During the covid frenzy, they had to pay unimaginable amounts OVER the list price just to buy a house. Then mortgage rates doubled, but they still had to pay the same prices! Then last year they had to start paying...

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