Above is a sampling of the 163 NSDCC detached-home sales in May! Some details here:
Cruising The Frenzy
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2023
NSDCC Pricing Comeback
Anyone who thought the long slide last year was just the beginning has to be sorely disappointed now. This is the greatest comeback of all-time!
Net Migration
It looks like we had 18% more net migration in the previous period. We need more people leaving, not less. We need to get into the Top 5 here. We can do it - let's go San Diego!...
Fixer Deluxe Gets 18 Offers
I'm going to guess that half of the total NSDCC transactions are estate sales - only because nobody else wants to sell. We're going to see a lot more like this one - no real improvements except for a few windows: LP = $1,300,000 and SP = $1,480,000!
What’s Working For Me
We received three offers on our new listing, and all were around $2,000,000....well under the list price. Once you get over $2,000,000, the buyers are putting up some fight. If the only strategy is to take the best offer - by far the most popular realtor strategy -...
Real Estate Navigation
The six active listings in La Costa Valley got trimmed to five with Avenida Ciruela going into pending status, and four of the five actives had open house on Saturday! The weather was funky because a 50% chance of rain was forecasted early in the morning, but it never...
Local Zillow Estimates
Here are the Zillow estimates of appreciation over the next year - all are back into positive territory! If they are reading it correctly, it means they will have more increases coming over the next couple of months before the appreciation rate relaxes during the...
Frenzy Monitor
Here's another example of how the frenzy has taken a different path in each area. Carlsbad, Encinitas, La Jolla and Rancho Santa Fe are rolling along with about the same or more pendings than last month - which should have been the peak - but the wheels have come off...
Plunging Inventory
Last April was peak frenzy, and a main contributor was the lack of inventory....and there were 48.2% fewer listings last month? Holy Cow! This is primetime selling season and if there aren't homes for sale now, how much worse will it be the rest of the year? Here's...
Subdued Frenzy
We closed escrow yesterday in La Costa Valley! The seller is a bubbleinfo reader so obviously we have analyzed our results carefully over the last month. We felt that we did everything right in preparing what we thought was a superior home in the tract and utilized an...
