We did pretty good last year, and ranked as the #320 small team in America - thank you clients and friends! But the City of Carlsbad wasn't impressed. I still have to grovel to get my open-house signs back:
#320 in America
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2022
Loan Fraud Pushed Home Values
While the PPP fraud was rampant across the country, the ultra-low mortgage rates and lack of inventory were more to blame for inflating home values recently - at least around here: Anecdotal evidence suggests that many recipients of fraudulent PPP loans used the funds...
New Year Requests of Agents
This is my 748th blog post of the year! (641 published and 107 drafts) Let's note how drastic things have changed since rates went up: NSDCC Detached-Home Sales, December 2012: 297 2013: 223 2014: 255 2015: 259 2016: 241 2017: 225 2018: 196 2019: 229 2020: 290 2021:...
End of 2022
This year was one of the best ever for us. We had our highest sale ever ($7,750,000), our highest average sales price ever ($1,870,835) and more people on my next-year's client list than ever before - thank you! The local market between La Jolla-to-Carlsbad fared...
2022 in Review!
My two favorite videos of 2022, mostly based on number of views. I said this on July 20th:
San Diego Case-Shiller Index, October
The local index peaked in May, so today's local Case-Shiller reading for October is the fourth in a row that reflects the much-higher mortgage rates: San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg Jan ’21 301.72 +1.4% +14.3%...
More Than 10% Off
I said on the Frenzy Cruise that I'd also recognize the NSDCC sales that closed well under their list price. It's good for potential sellers to see how buyers will lowball homes that have been on the market for a while - and encouraging for buyers to know that they...
Frenzy Monitor – November
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. A healthy market is when there are two actives to every pending. There are a couple areas (in red) where the number of pendings...
Carmel Valley Open House Report
Carmel Valley 4Q22
I'm back in Carmel Valley, 92130! Historically, we have identified healthy markets by those that have a 2:1 ratio of actives to pending listings. On October 20th, there were 57 actives, and 17 pendings in Carmel Valley. Today, there are 42 actives, and 21 pendings in...
